Listed By:
Michael Ascione with RE/MAX of Santa Clarita; 661-231-5794
Address
3516 Arroyo Seco Avenue, Los Angeles, CA
Price
$ 1,395,000
Property Attributes
  • MLS#SR23165151
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaCypress Park
  • Zip90065
  • StyleApartment
  • Price$ 1,395,000
  • Bedrooms44
  • Full Bathrooms5
  • Half Bathrooms1
  • Sqr Footage4686
  • Lot Size8,194 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!

Price History
9/4/2023 Listed $1,450,000
9/30/2023 4% - $1,395,000

General Features

Sewer PublicSewer
Heating Central
Zoning LARD2
Garage Spaces 2.0
Pool Features None
Year Built 1964
Stories 2
Levels Two
Property SubType Apartment
Gross Income 0.0
Community Features StreetLights,Sidewalks,Urban
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Special Listing Conditions Standard
Status ActiveUnderContract
Directions Figueroa to Arroyo Seco
City Los Angeles
Entry Location 2
View Y/N No
Senior Community Y/N No
Open Parking Spaces 4.0
Total Units 4
MLS Area CYPK - Cypress Park
Lot Size Square Feet 8193.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Arroyo Seco
Property Attached Y/N Yes
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 179
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 11
Property Sub Type Additional Apartment
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Laundry Features InGarage
Entry Level 1
Electric On Property Y/N No

Exterior Features

Lot Features FrontYard,Garden,Landscaped,NearPublicTransit,StreetLevel
Water Source Public
Total Parking 6.0
Lot Size Area 8193.0
Number of Buildings 2
Spa No
Building Area Total 4686.0
Lot Size Acres 0.1881
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90065

Price
AVG $1.39M
$1.4M
Visits
AVG 71
169
Data Provided by Inside Real Estate®
Year Built
AVG 1931
1964