3614-3618 Pasadena Ave | Los Angeles, CA 90031
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- LoopNet Team
3614-3618 Pasadena Ave
Los Angeles, CA 90031
25 Units w/ 60% Upside & 14.65 Current GRM · Multifamily Property For Sale · 25 Units
Investment Highlights
- Significant value-add opportunity, current rents are approx. 60% below market compared to renovated units in the area
- Existing improvements include (15) bungalow-style units, (1) duplex, (7) mixed-use units and a vacant lot
- Conveniently located near the LA River Project and major local hotspots throughout Highland Park and Cypress Park
- 4 parcel portfolio directly across the street from the Heritage Square Metro Station (Tier 3 TOC)
- Massive 51,492 SF two-corner lot
PROPERTY FACTS
| No. Units | 25 | Building Size | 14,764 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1924 |
| Apartment Style | Garden | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 1.18 AC |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 14,764 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Tenancy | Single |
| Parking Ratio | 1.15/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 1+1 | 10 | - | - |
| Studios | 6 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $331,887 | |
| Land Assessment | $960,289 | Total Assessment | $1,292,176 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$960,289
Improvements Assessment
$331,887
Total Assessment
$1,292,176
zoning
| Zoning Code | LARD1.5, LASAR3 |
| LARD1.5, LASAR3 |
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