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$1,999,999
New Listing

3151 W Avenue 32
Los Angeles, CA 90065

For Sale|Apartment|Active
0
Beds
0
Total Baths
5,634
SqFt
$355
/SqFt
1923
Built
County:
Los Angeles
Listed by Adrian Padilla of Keller Williams Exclusive Properties [email protected]

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3151 W Avenue 323151 W Avenue 323151 W Avenue 323151 W Avenue 32
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Irreplaceable 7-Unit Glassell Park Corner lot 3 building Compound 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.

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Listing Snapshot
Price 
$1,999,999
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,634 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2301 Acres
Year Built 
1923
MLS® Number 
SR26180485
Status 
Active
Property Tax 
$7,773.45
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
15 hours agoListing first seen on site
15 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.2301
Foundation 
Combination
Garage 
Yes
Garage Spaces 
6
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking Spaces 
6
Property Sub Type 
Apartment
Sewer 
Public Sewer
SqFt Total 
5634
Style 
Spanish
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Fireplace Features 
None
Flooring 
Wood
Heating 
Zoned
Laundry Features 
Common Area
Bedroom 
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Exterior Features
Construction Details 
Frame
Exterior 
Balcony
Lot Features 
Corner Lot
Pool Features 
None
Road Frontage 
City Street
Roof 
CompositionRolled/Hot Mop
Spa Features 
None
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Building Access 
1
Financing Terms Available 
Submit
MLS Area 
623 - Glassel Park


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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