3235 Andrita Street

Los Angeles, CA 90065

$2,800,000

List Price

20

bed Beds

19

shower Baths

11,329 sqft

straighten / sqft

1965

calendar_month Built

Property Description

Listed for sale for the first time in 45 years, the property offers a new investor an excellent opportunity to add value by recapturing the approximately 49% rent upside. The current owner has already completed all seismic retrofit repairs, benefitting a new investor by bringing the property into compliance and saving them from an otherwise costly capital expense. Situated near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to nearby Los Feliz, Glendale, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recent revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is just west of the property.

Listing Information

List Price $2,800,000
Status Active
MLS 24421279
Type Residential Income
Year Built 1965
Lot Size 10,945
Structure Size 11,329
DOM 15
Courtesy Of Marcus & Millichap
Listing Agent Roderick 'Rick' Raymundo DRE#01357019
Co-Listing Agent Tyler Leeson DRE#01451551

Interior Features

Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 19

Exterior Information

Maps

Listing information courtesy of: Roderick 'Rick' Raymundo, Tyler Leeson, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 6th, 2024 at 12:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.