3429 Andrita Street

Los Angeles, CA 90065

$2,295,000
Price
14
Beds
17
Baths
8,614 Sq. Ft.
$266 / Sq. Ft.
8,614
Sq. Ft.
$266
per Sq. Ft.

Description

We are pleased to present for sale this rare (17) Unit mid-century investment opportunity in one of LA's most up and coming locations Glassell Park! This opportunity is offered for sale for the first time in nearly 50 years and priced at $135K/Unit! The building was constructed in 1962, situated on an expansive lot size of 13,530 SF, boasting a robust unit mix of 10 (1) Bedroom and (1) Bathroom Units, 2 (2) Bedroom and (1) Bath Units, and Five Studio Units. It is encompassed by a total building Square...We are pleased to present for sale this rare (17) Unit mid-century investment opportunity in one of LA's most up and coming locations Glassell Park! This opportunity is offered for sale for the first time in nearly 50 years and priced at $135K/Unit! The building was constructed in 1962, situated on an expansive lot size of 13,530 SF, boasting a robust unit mix of 10 (1) Bedroom and (1) Bathroom Units, 2 (2) Bedroom and (1) Bath Units, and Five Studio Units. It is encompassed by a total building Square Footage of 8,614. The property is extremely well parked, with (6) enclosed garage spaces, and (17) surface spaces available. The investment is poised for an astute investor looking to add value by immediately adding up to (4) ADU Units by right (or possible additionally) with a total up-side potential of approximately 135%. Buyer to verify feasibility of adding ADU's. The subject property is zoned RD2-1-CDO-HCR with Soft-Story Retrofit Completed, and Certificate of Compliance Dated 06/03/2022. The property is strategically located in the epicenter of North East LA's Hotspots of Glassell Park, Atwater Village, Highland Park, Eagle Rock, and within minutes to Glendale's famous Americana at Brand! 3429 Andrita Street is considered "Somewhat Walkable" with a walk score of (57), where some errands can be accomplished on foot. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story Compliance, and the ability to construct ADU(s) or additional units. Do not disturb tenants or walk on property - drive by only.
  1. Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 3429 Andrita Street

Zoning
LARD2
Parcel Number
5458027032
Total Units
17.0
Living Area
8614
Source Living Area
Assessor
Area
Glassell Park (623)
Vacancy Rate
0
Lot Size Area
13530

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699
Add your commute
LISTING UPDATED: 05/01/2024 10:52 AM

Property Details for 3429 Andrita Street

StatusPending
MLS #24-362653
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.31 AC / 13,530 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699
Add your commute

Building Information for 3429 Andrita Street

Stories3Residences-Year Built1962Building Size-Lot Size0.31 AC / 13,530 SF

Payment Calculator

$13,109 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

$584

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3429 Andrita Street

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $192,906
  • Net Operating Income: $83,599.00
  • Gross Income: $192,906
  • Gross Rent Multiplier: $11.90
  • Total Annual Expense: 109308
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3108
  • Lot Size Square Feet: 13530
Parking Details
Parking Details
  • Parking Garage: Assigned, Uncovered, Garage Is Attached
  • Total Parking: 23
  • Open Other Spaces Total: 17
  • Garage Spaces Total: 6
  • Parking Features: Assigned, Uncovered
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-27-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,103.00
  • Unit Actual Rent: $2,205.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $901.00
  • Unit Actual Rent: $9,014.00
  • Unit Projected Rent: $18,000.00
  • Like Units: 10
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $971.00
  • Unit Actual Rent: $4,856.00
  • Unit Projected Rent: $8,250.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $373,050.00
  • Assessed Improvement Percent: 84.34
  • Assessed Land Value: $69,258.00
  • Assessed Land Percent: 15.66
  • Assessed Total Value: $442,308.00

Property History for 3429 Andrita Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3429 Andrita Street

Taxable ValueLand$69,258Additions$376,210Total$445,468
Tax Record2023$7,006 ($584 / month)
Home Facts
Total Finished SqFt8,614 SqFtAbove Grade Finished SqFt8,614 SqFtLot Size13,533 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLARD2CountyLOS ANGELESAPN5458-027-032

Schools near 3429 Andrita Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 7 to 12
Charter - K to 8
Rating
School
Distance
Fletcher Drive Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Eagle Rock High School
Public7 to 12

ISANA Octavia Academy
CharterK to 8

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.

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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 Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

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.