827 Glendale Blvd || $3,150,000 || Sold

$3,150,000
Sold

NEXT
Rare opportunity to purchase a relatively new construction apartment building across from Echo Park. A prospective buyer has the opportunity to purchase an apartment building subject to AB 1482 rent control which allows for 5% + CPI annual rent increases. The property offers an outstanding unit mix of studio, two-bedroom, & three-bedroom units & approximately 40% upside in rental income. The studio unit measures approximately 970 square feet and was originally a recreation room. Current owners are in the process of receiving approval permits to convert the recreation room into a legal studio, accessory dwelling unit (ADU). Lastly, the three-bedroom/three-bathroom plus a den unit is being operated as a fourth bedroom.

16
beds

12
baths

7,924 Sq.Ft. LIVING AREA

0.162 Acres lot

Brock Harris

Brock Harris

Features & Amenities

Interior

  • total bedrooms16
  • Total bathrooms12
  • Flooring Laminate

Area & Lot

  • Status Sold
  • Living Area7,924 Sq.Ft.
  • Lot Area0.162 Acres
  • MLS ID21-763560
  • TypeMULTI_FAMILY
  • YEAR BUILT1988

Exterior

  • STORIES3
  • parkingGarage
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral
  • security FeaturesAutomatic Gate, Card/Code Access, Gated

Financial

  • Sales Price$3,150,000
  • Zoning LARD2

Work With Us

With Brock's 20+ years of buying, selling and owning LA real estate, and Lori's legal background and negotiation skills, you are in good hands.

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