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$1,999,999
SR26180485 MLS Active Status
Irreplaceable 7-Unit Glassell Park Corner lot 3 building Compound Rare 7-unit multifamily compound consisting of three separate buildings on a prominent corner lot at Avenue 32 and Andrita Street in Glassell Park. The key investment story is the density. Zoned LARD2, the property’s existing seven-unit configuration exceeds what could typically be recreated under current zoning, creating a scarce legal non-conforming asset in a supply-constrained Northeast Los Angeles submarket. California ADU laws may also provide additional upside through conversion of existing garage or storage space, subject to buyer verification. The property includes a 1920s Spanish duplex with two large one-bedroom townhouse-style units; a 1958 fourplex with three one-bedroom units, one large two-bedroom unit, and four single-car garages; and a detached 1920s two-bedroom bungalow with private garden, patio, and two-car garage. Long-term ownership has maintained the property while preserving meaningful value-add opportunity through future unit renovations. Each unit is separately metered for gas and electric with individual water heaters. On-site laundry provides additional income. Six garages plus surface parking, multiple structures, strong existing density, in-place income, and a desirable Glassell Park location create a compelling combination of current yield, scarcity, and long-term upside. A bonus adjacent parcel to the north includes a long garage and large storage unit. Zoned LARD2. Subject to Los Angeles RSO. Buyer to verify units, permits, square footage, zoning, income, condition, and ADU potential with the City of Los Angeles.

3151 W Avenue 32, Los Angeles

$850,000
3 Beds 2 Baths GD26124677 MLS Active Status
Welcome to this charming Cypress Park home filled with opportunity and potential. Offering 3 bedrooms, 2 bathrooms, and 1,008 square feet of living space, this single family residence sits on an R2 zoned lot with exciting possibilities for future expansion or an ADU, subject to buyer verification and city requirements. A long driveway provides parking for up to 4 vehicles, while the spacious lot offers plenty of room to bring your vision to life. Ideally located just one block from a neighborhood park, this property places you in the heart of one of Northeast Los Angeles' most sought after communities. Enjoy tree lined streets, local coffee shops, popular dining destinations, and a growing creative scene. Elysian Park, Highland Park, Atwater Village, and Downtown Los Angeles are all just minutes away, providing exceptional convenience and accessibility. Whether you are looking to personalize, expand, invest, or create your dream home, this property presents a rare opportunity in a prime location.

2901 Elm Street, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.