About 3862 N Broadway
SOLD AS-IS. NO VACANCIES. This 3-unit multi-family property is a value-add opportunity in the heart of Los Angeles. Featuring one 2-bedroom, 1-bath detached unit and two 1-bedroom, 1-bath attached units. Units are all rented/occupied by long-term tenants (10+ years) on month-to-month terms. There may be opportunities for expansion through the addition of ADUs or adding square footage to existing units. Buyer to further investigate with the City of LA. There is a 2-car garage and common area that may allow space for this. Great opportunity to purchase an income-producing fixer that is centrally located with short distances to Downtown Los Angeles, Dodger Stadium, Pasadena, and Glendale to name a few. Property will be sold with tenants. Offering memorandum available upon request. DO NOT DISTURB OCCUPANTS. CALL FOR FURTHER INSTRUCTIONS or DETAILS.
Features of 3862 N Broadway
| MLS® # | DW24084033MR |
|---|---|
| Price | $697,000 |
| Units | 3 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,764 |
| Acres | 0.14 |
| Year Built | 1922 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 3862 N Broadway |
|---|---|
| Area | Lincoln Heights |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90031 |
Amenities
| Parking Spaces | 2 |
|---|---|
| # of Garages | 2 |
| Garages | Garage, On street |
| View | Hills |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Wall |
|---|---|
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Roof | Composition |
|---|
Additional Information
| Date Listed | April 27th, 2024 |
|---|---|
| Days on Market | 16 |
| Zoning | LARD3 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Actual Annual Gross Rent | $2,850 |
| Net Operating Income | $32,284 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $750 |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $920 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $1,257 |
Listing Details
| Agent | Aldo Baltodano (01879659) |
|---|---|
| Office | Greenpoint Real Estate Services |