Skip To Content

3509 Kinney Street

Los Angeles (City), CA 90065
  • $1,275,000
  • STATUS: Active Under Contract
  • ON SITE: 18 Days
  • MLS #: 22115455
Under Contract
UPDATED: 21 min ago
$1,275,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Eric Dilanian of Remax Commercial And Investment Realty (213-817-1000)


Description

We are pleased to present for sale this rare 4 unit mid-century construction building in one of LA's most up and coming neighborhoods - Glassell Park! The property is composed of an excellent unit mix of (2) 2 Bedroom & 1 Bathroom Units and (2) 1 Bedroom & 1 Bathroom Units and boasts a total square footage of 3,116 Square Feet, a lot size of 6,001 Square Feet, zoned R1-1 and provides on-site laundry accessible to all tenants! 2 of the 4 units have been recently renovated and achieving strong rental rates, while the over-all investments offers an upside potential of 75% OR more with the addition of ADU's - Buyer to Verify feasibility. This opportunity appeals to investors looking to achieve strong current rents with significant upside potential and returns. Additional income is provided by on-site garage, laundry, and storage spaces. The property has a walk score of (72) making it very walkable where most errands can be accomplished on foot. 3509 Kinney is nestled in a residential neighborhood, allowing for above-market rents, and is minutes to DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, Eagle Rock, and Pasadena. With the ease of the residential 30 year fixed financing, low-interest rates, a supply-constrained apartment market in Glassell Park, this 4 unit gem will not last. Drive-by Only - Email for Offering Memorandum. Please Do Not Disturb Tenants.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T16:26:03.477. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/124440912
Print Image

3509 Kinney Street Los Angeles (City), CA 90065

  • Price: $1,275,000
  • Status: Active Under Contract
  • On Site: 18 Days
  • Updated: 21 min ago
  • MLS #: 22115455
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1954
Built
Neighborhood:
623 - Glassel Park
County:
Los Angeles
Area:
623 - Glassel Park
Property Description
We are pleased to present for sale this rare 4 unit mid-century construction building in one of LA's most up and coming neighborhoods - Glassell Park! The property is composed of an excellent unit mix of (2) 2 Bedroom & 1 Bathroom Units and (2) 1 Bedroom & 1 Bathroom Units and boasts a total square footage of 3,116 Square Feet, a lot size of 6,001 Square Feet, zoned R1-1 and provides on-site laundry accessible to all tenants! 2 of the 4 units have been recently renovated and achieving strong rental rates, while the over-all investments offers an upside potential of 75% OR more with the addition of ADU's - Buyer to Verify feasibility. This opportunity appeals to investors looking to achieve strong current rents with significant upside potential and returns. Additional income is provided by on-site garage, laundry, and storage spaces. The property has a walk score of (72) making it very walkable where most errands can be accomplished on foot. 3509 Kinney is nestled in a residential neighborhood, allowing for above-market rents, and is minutes to DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, Eagle Rock, and Pasadena. With the ease of the residential 30 year fixed financing, low-interest rates, a supply-constrained apartment market in Glassell Park, this 4 unit gem will not last. Drive-by Only - Email for Offering Memorandum. Please Do Not Disturb Tenants.
Exterior Features

Parking Features Assigned Parking Total 0

Interior Features

Appliances DisposalMicrowaveRefrigeratorDryerWasher Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Income 77395 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 48223 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T16:26:03.477. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367828427-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367828427-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367828427-1.jpg
Logo
ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Eric Dilanian of Remax Commercial And Investment Realty (213-817-1000)