4434 Lowell Avenue, Los Angeles, CA 90032

About this property

4434 Lowell Ave (the "Property") is a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles's most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region's trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$1,615,000

Sold February 2023 · listed $1,625,000, orig. $1,700,000, on market October 2022 · MLS #22216841 · Source: CRMLS

Listing Agent: Robert Narchi · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Robert Narchi · Marcus & Millichap

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