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Listed by Adrian Padilla, DRE #01486296 • Keller Williams Exclusive Properties
$ 1,999,999
Est. payment | /mo
10,024 Sqft Lot
$ 1,999,999
Est. payment | /mo
10,024 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26180485
Style Spanish
Year Built 1923
Lot Size 10,024 Sqft
Source California Regional MLS
Property Description
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
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Interior
Heating 13
Laundry Laundry Area
Exterior
Garage Spaces 6.0
Pool 31, None
View Local/Neighborhood
Roof Type Other,Rolled Composition,Composition
Building
Foundation Combination
Water District - Public
Architectural Style Spanish
Others
Tax ID 5458016032

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