3288 Lowry Road

Los Angeles, CA 90027

$4,450,000
Last Sold Price
24
Beds
12
Baths
12,232 Sq. Ft.
$364 / Sq. Ft.
12,232
Sq. Ft.
$364
per Sq. Ft.

Description

3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature...3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.
  1. Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01208019 • KW Commercial Studio City
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01208019 • KW Commercial Studio City

Property Details for 3288 Lowry Road

Zoning
LAR3
Parcel Number
5434001006
Total Units
12.0
Living Area
12232
Source Living Area
Vendor Enhanced
Area
Los Feliz (637)
Vacancy Rate
0%
Lot Size Area
17164

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By Keller Williams Beverly Hills, David Bailey, DRE #01018078

Add your commute
LISTING UPDATED: 05/27/2020 10:23 AM

Property Details for 3288 Lowry Road

StatusSold
MLS #20-558742
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.39 AC / 17,164 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By Keller Williams Beverly Hills, David Bailey, DRE #01018078

Add your commute

Building Information for 3288 Lowry Road

Stories2Residences-Year Built1948Building Size-Lot Size0.39 AC / 17,164 SF

Payment Calculator

$29,055 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,285

Property Taxes

$4,770

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3288 Lowry Road

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $315,762
  • Net Operating Income: $214,011.00
  • Gross Income: $318,952
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $16.30
  • Total Annual Expense: 101751
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 17164
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 12
  • Parking Features: Covered
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-27-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $26,509.00
  • Unit Actual Rent: $26,509.00
  • Unit Projected Rent: $38,650.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $211,782.00
  • Assessed Land Value: $205,696.00

Property History for 3288 Lowry Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3288 Lowry Road

Taxable ValueLand$3,153,535Additions$1,430,652Total$4,584,187
Tax Record2023$57,236 ($4,770 / month)
Home Facts
Total Finished SqFt12,232 SqFtAbove Grade Finished SqFt12,232 SqFtLot Size17,164 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLAR3CountyLOS ANGELESAPN5434-001-006

Schools near 3288 Lowry Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Ivanhoe Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.