Listed by Andres Diaz, Keller Williams Downtown LA,

3367 Andrita Street

Los Angeles, CA, 90065

$9,295,000

$327 per ft²
$9,295,000
$327 per ft²
Active
Active
 - For Sale
beds
73 Beds
baths
70 Baths
carpenters-square
28,399 ft²
property_type
Multi-family
calendar
Built 1989
3367 Andrita Street is 35-unit apartment building located in the Glassell Park neighborhood of Los Angeles. Perched on a hilltop with breathtaking views of Downtown LA and the Elysian Valley, the property was built in 1989 and is not subject to local City of Los Angeles rent control. Instead, the property is subject to AB 1482 which enables owners to increase rents by 5%, plus the Consumer Price Index with a max ceiling rent increase of ten (10%) percent. 3367 Andrita Street boasts thirty-two (32) two-bedroom/two-bathroom units and three (3) three-bedroom/two-bathroom units. There are currently 22 apartment units vacant; however, owners are marketing for lease four (4) of the 2bedroom units at a monthly rate of $2,295/month. Lastly, 3367 Andrita Street is under a land use restrictive agreement that will expire in seventeen years (2039). Seven (7) units are subject to very low income and six (6) units are subject to low income. Glassell Park has seen a tremendous amount of redevelopment over the past couple of years that has spurred the demand for new housing in the neighborhood. Within a one-block radius, thirty-seven (37) small lot homes are being completed and will be for sale starting in the $900,000 range. In addition, a developer has broken ground for a 370-unit apartment building that is less than half a mile away. As new construction continues to develop in Glassell Park, rents and values will continue to increase for the next owner.
MLS® ID:
22204047
Listed:
9/27/22
Updated:
12/4/22

Interior Features

Kitchen Appliances
Dishwasher, Microwave, Dryer
Total Bedrooms
73
Total Bathrooms
70
Interior Features
Ceiling Fan(s)
Floor Description
Laminate
Fireplace
None
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.65 acres lot

Other Property Details

Area Name
623 - Glassel Park
Association Amenities
Gated
Garage
No
Parking
Assigned
Parking Total
70.0
View
Y
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LARD2

Courtesy of Keller Williams Downtown LA, Andres Diaz,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/4/22. 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, 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.

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Data last updated 1:37 AM UTC, 12/4/22

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