3330 Chapman Street
Los Angeles, CA 90065
Active for $1,995,000
Beds: 12 Baths: 12 Structure Size: 7,018 sqft Lot Size: 9,612 sqft
| MLS | 25482855 |
| Year Built | 1963 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,995,000 |
| Structure Size | 7,018 sqft |
| Lot Size | 9,612 sqft |
| Beds | 12 |
| Baths | 12 |
Description
Available for only $166,250 per unit, the property allows a new investor to capitalize on approximately 73% 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 information courtesy of: Roderick 'Rick' Raymundo, Marcus & Millichap 213-943-1855. *Based on information from the Association of REALTORS/Multiple Listing as of 02/02/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Beth Mulugeta
REALTOR®
Direct: 818.726.5678
Email: Email Me
DRE: 02150959
DRE #01873088
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