$1,860,000
PENDING $135K PRICE DROP

Estimated payment $12,044/month

Total Views 3,354
12 Beds
12 Baths
7,018 Sq Ft
$265 Price per Sq Ft

About This Home

Available for only $155,000 per unit, the property allows a new investor to capitalize on approximately 66% rent upside. Energy costs are reduced by the tankless water heaters that have been installed at the building. The current owner has also already completed all seismic retrofit repairs, benefitting a new investor by bringing the property into compliance and saving them from an otherwise costly capital expense. Situated across from Forest Lawn, near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to trendy and emerging areas such as Los Feliz, Glendale, Atwater Village, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recently revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multimillion dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is just west of the property.

Listing Agent

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 01/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,612 Sq Ft Lot
  • Lot Dimensions are 50x192

Interior Spaces

  • 7,018 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • Assigned Parking

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5459-009-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7018
  • Lot Acreage: 0.2207
  • Lot Dimensions: 50x192
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 265.03

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 12

Lot Info

  • Assessed Improvement Percent: 38.37
  • Assessed Improvement Value: 482910
  • Assessed Land Percent: 61.63
  • Assessed Land Value: 775675
  • Total Assessed Value: 1258585
  • Assessor Parcel Number: 5459-009-018
  • Lot Size Area: 9612

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.40
  • Number Of Units: 12
  • Total Annual Expense: 70108
  • Type Of Units: Residential
  • 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

Property History

Date Event Price Change Sq Ft Price
07/12/2025 07/12/25 Pending -- -- --
03/12/2025 03/12/25 Price Changed $1,860,000 -6.8% $265 / Sq Ft
01/14/2025 01/14/25 For Sale $1,995,000 -- $284 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25-482855

The MLS