3429 Andrita Street, Los Angeles

$2,295,000

Click the arrows next to the image to browse our photo gallery for this property.

3 Beds
3 Baths
8,614 Sqft
.31 Acre
6 Garages

** 305,000 Price Reduction ** 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.

Essential Information

MLS® #
24362653
Price
$2,295,000
Bedrooms
3
Bathrooms
3.00
Square Footage
8,614
Acres
0.31
Year Built
1962
Type
Residential Income
Status
Active

Community Information

Address
3429 Andrita Street
Area
623 - Glassel Park
City
Los Angeles
County
Los Angeles
Zip Code
90065
Senior Community
N

Amenities

Parking Spaces
23
Parking
Assigned, Uncovered
# of Garages
6
Garages
Assigned, Uncovered

Interior

Heating
Wall Furnace
# of Stories
3
Stories
Multi/Split

Additional Information

Date Listed
February 27th, 2024
Days on Market
61
Zoning
LARD2

Listing Details

Agent
Eric Dilanian

Office

Remax Commercial and Investment Realty

Property History
Price Reduced from $2,600,000 to $2,295,000

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 2:40pm PDT. 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.