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Listed by Andres Diaz • KELLER WILLIAMS REALTY
$ 3,000,000
Est. payment | /mo
11,124 SqFt
$ 3,000,000
Est. payment | /mo
11,124 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,124 sqft
Price per Sqft $269
MLS Listing ID CRCV25174783
HOA Y/N No
Year Built 1961
Lot Size 0.311 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
3411 Drew Street is a 15-unit apartment building located in the quaint neighborhood of Glassell Park. Situated between Glendale and Eagle Rock, the property is in close proximity to a plethora of dining options such as Dunsmoor, The Grant, Solarc Brewing, and Bub and Grandma’s Restaurant. In addition, Fairfield Residential’s new 370- unit apartment complex (Wylden) is set to begin leasing in the coming months which will ultimately increase the rent ceiling for neighboring owners. The property consists of two (2) one-bedroom units and thirteen (13) two-bedroom units spread across 11,124 rentable square feet. Each unit is separately metered for gas/electric and is allocated one parking space. While the units have been kept in good condition, there is approximately 37% upside in rent that can be achieved as the units turnover. The property is being offered for sale along with the parcel next door that is a 16-unit apartment building.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Front Yard
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Vincent Rossi
REALTOR® | Lic# 01921563