3509 Kinney Street, Los Angeles, CA 90065
Property · 2 recorded sales since 2015
Sold February 2022
Listing Agent: Eric Dilanian (DRE #01951699) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Eric Dilanian · Remax Commercial and Investment Realty · MLS #22115455 · Source: CRMLS
About this property
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.
Listing description from the February 2022 sale, as reported to CRMLS.
Sale history
