We are proud to offer 3911 Verdugo Road, a select multifamily investment located in the Glassell Park neighborhood of Northeast Los Angeles. This distinctive property, built in 1995, features a collection of four units: three 3-bedroom/2-bathroom and one 3-bedroom/2.75-bathroom residences, each approximately 990 square feet. Sitting on a substantial 8,051 square foot lot, the 3,963 square foot building benefits from not being under the Los Angeles Rent Stabilization Ordinance (RSO), allowing for rental increases of 5% plus CPI annually. Current average rents stand at $2,050, which is approximately 60% below the market rate, offering significant growth potential for an astute investor. Each apartment is self-contained with individual water heaters and central HVAC systems. Utilities are conveniently separately metered for gas and electricity. Tenant amenities include two shared covered garages providing eight parking spaces, additional storage, and coin-operated laundry facilities, plus three extra uncovered parking spaces.
Property Details
Price:
$1,849,000
MLS #:
25501609
Status:
Active
Baths:
0
Address:
3911 Verdugo Road
Type:
Residential Income
Neighborhood:
623glasselpark
City:
Los Angeles
Listed Date:
Feb 21, 2025
State:
CA
ZIP:
90065
Lot Size:
8,051 sqft / 0.18 acres (approx)
Year Built:
1995
See this Listing
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Schools
Interior
Appliances
Dishwasher, Disposal
Cooling
Central Air
Heating
Central
Exterior
Garage Spaces
8.00
Parking Features
Uncovered
Parking Spots
11.00
Pool Features
None
Spa Features
None
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address3911 Verdugo Road Los Angeles CA
- Area623 – Glassel Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90065
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3911 Verdugo Road
Los Angeles, CA
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