$3,250,000

Estimated payment $18,273/month

Total Views 75
-- Bed
-- Bath
5,051 Sq Ft
$643 Price per Sq Ft

About This Home

Set on a high-visibility corner in the heart of Northeast Los Angeles, 3301 Division Street offers a rare and compelling mixed-use investment opportunity at the intersection of Division Street and Glassen Place. Spanning approximately 10,475 square feet of land, the property features 7,630 square feet of existing improvements and a diverse unit mix, including retail storefronts, office space, residential apartments and free-standing residential bungalows. Zoned LAC1 and located within the Mount Washington Glassell Park Specific Plan, this property offers both strong in-place income and significant development upside. Currently generating $13,669 per month, with projected pro forma rents indicating more than 30% rental growth, the site is ideal for investors or developers seeking long-term value in a rapidly appreciating market. Preliminary architectural studies envision several development scenarios ranging from new residential over parking to live/work layouts and affordable housing components that could unlock increased density and reduced parking requirements. With excellent street presence, flexible zoning, and close proximity to the emerging corridors along Cypress Avenue and San Fernando Road, 3301 Division Street is a standout opportunity in one of LA's most dynamic, high-growth neighborhoods.

Listing Agent

Allen Roth

Sotheby's International Realty License #01272304 Listed on: 07/22/2025

Sotheby's International Realty

Co-Listing Agent

Craig White

Sotheby's International Realty License #01884948

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,462

Year Built

  • Built in 1926

Home Design

  • Traditional Architecture

Interior Spaces

  • 5,051 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • Carport

Additional Features

  • 10,462 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 4 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5456-017-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,462

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5051
  • Lot Acreage: 0.2402
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Price Per S Q F T: 643.44

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 2

Utilities

  • Cooling: Wall Unit(s)
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 73.37
  • Assessed Improvement Value: 118471
  • Assessed Land Percent: 26.63
  • Assessed Land Value: 42993
  • Total Assessed Value: 161464
  • Assessor Parcel Number: 5456-017-001
  • Lot Size Area: 10462

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 16.03
  • Number Of Units: 10
  • Total Annual Expense: 32400
  • Type Of Units: Res/comm.
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,462 $161,464 $42,993 $118,471
2023 $3,424 $158,299 $42,150 $116,149
2022 $3,324 $155,196 $41,324 $113,872
2021 $3,265 $152,154 $40,514 $111,640
2020 $3,277 $150,595 $40,099 $110,496
2019 $73 $139,506 $39,313 $100,193
2018 $2,884 $136,772 $38,543 $98,229
2016 $2,690 $131,463 $37,048 $94,415
2015 $2,667 $129,489 $36,492 $92,997
2014 $2,695 $126,954 $35,778 $91,176
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $3,250,000 -- $643 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

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Source: The MLS

MLS Number: 25566631

The MLS

APN: 5456-017-001