3151 W Avenue 32 Los Angeles, CA 90065
10,023 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26180485
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1923
Annual Tax Amount $7,773
Lot Size 10,023 Sqft
Property Sub-Type Apartment
Property Description
Rare 7-unit multifamily compound consisting of three separate buildings on a prominent corner lot at Avenue 32 and Andrita Street in Glassell Park.
The key investment story is the density. Zoned LARD2, the property's existing seven-unit configuration exceeds what could typically be recreated under current zoning, creating a scarce legal non-conforming asset in a supply-constrained Northeast Los Angeles submarket. California ADU laws may also provide additional upside through conversion of existing garage or storage space, subject to buyer verification.
The property includes a 1920s Spanish duplex with two large one-bedroom townhouse-style units; a 1958 fourplex with three one-bedroom units, one large two-bedroom unit, and four single-car garages; and a detached 1920s two-bedroom bungalow with private garden, patio, and two-car garage.
Long-term ownership has maintained the property while preserving meaningful value-add opportunity through future unit renovations. Each unit is separately metered for gas and electric with individual water heaters. On-site laundry provides additional income.
Six garages plus surface parking, multiple structures, strong existing density, in-place income, and a desirable Glassell Park location create a compelling combination of current yield, scarcity, and long-term upside.
A bonus adjacent parcel to the north includes a long garage and large storage unit.
Zoned LARD2. Subject to Los Angeles RSO. Buyer to verify units, permits, square footage, zoning, income, condition, and ADU potential with the City of Los Angeles.
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Interior
Interior Features Balcony
Heating Zoned
Flooring Wood
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Fence Average Condition
Pool None
Community Features Urban
Utilities Available Sewer Connected
View Y/N Yes
View Neighborhood
Roof Type Composition,Common Roof,Rolled/Hot Mop
Accessibility Other
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Combination
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5458016032
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Trust
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