Sold
3359 ROWENA Avenue
Los Angeles CA, 90027
$4,000,000
$423.01 per sqft
Sold
16 Beds
12 Baths
9,456 sqft
Residential
Built in 1953
Listed by Matthew R. Kanner with Keller Williams Realty Los Feliz 323-300-1000
We are proud to present 3359 Rowena Avenue, a 2-story, 12-unit, value-add investment opportunity. Built in 1953 and located on an ultra-prime block in the highly desirable Los Feliz submarket of Los Angeles (south of Los Feliz Boulevard and west of Griffith Park Boulevard), this property has a 67%+ rental upside potential. The unit mix is 8 (1+1), 4 (2+1) units that average approximately 825+ gross square feet. The building's units are bright, spacious, and feature ORIGINAL tile, hardwood floors, solid wood kitchen cabinets (with Art Deco accents), and crown molding in the living rooms. The 2-bedroom units' bathrooms enjoy separate bathtubs and stall showers. The property is separately metered for gas and electric, and each unit contains its own water heater. The property's location offers residents effortless access to countless shopping, dining, entertainment, and recreation options of Los Feliz, Sunset Junction, Silver Lake, Atwater Village, and Downtown Los Angeles. The building is 0.65 miles west of the 5 freeway, 1.5 miles north of the 2, 2.2 miles northeast of the 101 and 3.7 miles northwest of the 110. 3359 Rowena Avenue is well-positioned for an investor to implement a high-end unit/common area renovation program optimizing top-of-the-market rents, appreciation, and future cash flow.
22141049
MLSⓇ ID
March 29, 2022
Listed
March 23, 2024
Updated
Map
3359 ROWENA Avenue
Los Angeles CA, 90027
Interior Features
Total Stories
2
Bedrooms
16 Beds
Bathrooms
12 Baths
Interior Features
Crown Molding
Appliances
Refrigerator
Laundry Description
Common Area
Floor Description
Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.27 Acres
Other Property Details
Area Name
637 - Los Feliz
Days on Market
216
Garage
No
Parking
Carport
Parking Total
10
View
Yes
View Description
City Lights, Mountain(s)
County
Los Angeles
Pool
No
Zoning
LARD1.5-1XL
Buyer Agency Compensation
2%
Listing Contact: 323-300-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/23/2024 at 1:42 AM UTC