We are pleased to present for sale this rare 4 unit mid-century construction building in one of LA's most up and coming neighborhoods - Glassell Park! The property is composed of an excellent unit mix of (2) 2 Bedroom & 1 Bathroom Units and (2) 1 Bedroom & 1 Bathroom Units and boasts a total square footage of 3,116 Square Feet, a lot size of 6,001 Square Feet, zoned R1-1 and provides on-site laundry accessible to all tenants! 2 of the 4 units have been recently renovated and achieving strong rental rates, while the over-all investments offers an upside potential of 75% OR more with the addition of ADU's - Buyer to Verify feasibility. This opportunity appeals to investors looking to achieve strong current rents with significant upside potential and returns. Additional income is provided by on-site garage, laundry, and storage spaces. The property has a walk score of (72) making it very walkable where most errands can be accomplished on foot. 3509 Kinney is nestled in a residential neighborhood, allowing for above-market rents, and is minutes to DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, Eagle Rock, and Pasadena. With the ease of the residential 30 year fixed financing, low-interest rates, a supply-constrained apartment market in Glassell Park, this 4 unit gem will not last. Drive-by Only - Email for Offering Memorandum. Please Do Not Disturb Tenants.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
