Glassel Park (623) Homes with Apartment Subtype

Welcome to Glassell Park, a hidden gem in the heart of Los Angeles, California! Nestled within the vibrant landscape of Los Angeles County, this charming neighborhood is known for its eclectic mix of residential charm and urban convenience, making it a sought-after destination for homebuyers and renters alike.

Glassell Park boasts a rich tapestry of culture and community, offering residents an inviting atmosphere that feels both welcoming and lively. With its tree-lined streets, local parks, and a variety of shops and eateries, the neighborhood provides a perfect blend of suburban tranquility and city excitement. The area is well-connected, with easy access to major freeways and public transportation, allowing for seamless commutes to downtown Los Angeles and beyond.

When it comes to housing, Glassell Park features a diverse array of options, including homes with apartment subtypes. This unique offering appeals to a variety of lifestyles, whether you’re looking for a spacious family home with rental potential or a cozy abode with supplemental income opportunities. Many of these properties showcase charming architectural details, modern amenities, and outdoor spaces perfect for entertaining or relaxing.

The community is also known for its strong sense of belonging, with residents often participating in local events and initiatives that foster connections among neighbors. Whether you’re a first-time homebuyer or an investor seeking a prime location, Glassell Park presents an exceptional opportunity to immerse yourself in a thriving community while enjoying the best of Los Angeles living. Discover your dream home in this enchanting neighborhood today!

Newest Glassel Park (623) Homes with Apartment Subtype

$1,750,000

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

$3,995,000

AR26168951 MLS ⋅ Active Status

3324 N Chapman Street presents a prime multifamily investment opportunity in a high-demand Los Angeles rental market. Built in 2022, the property is exempt from both local Los Angeles rent control and statewide AB 1482 (buyers/brokers/agents to verify), providing investors with rare operational flexibility in a supply-constrained housing market. The property offers approximately 32.33% rental upside, allowing new ownership to significantly increase income while enhancing long-term value. The investment is further enhanced by attractive seller financing. The property includes an assumable first loan of approximately $2,200,000 at a 4.5% fixed interest rate through September 2027, and the seller is willing to carry a second position loan with low monthly payments, creating favorable leverage for a new buyer. Additionally, the site provides the potential to develop up to 7 additional units, creating further upside through expansion. The unit mix consists of two spacious 3-bedroom units and six 2-bedroom units. Notably, three of the existing 2-bedroom units were originally designed as 3-bedroom units, and can easily be converted back by adding a wall according to the builder’s original plans—providing a straightforward path to increasing rental income. Ideally located near Glendale, Los Feliz, and Atwater Village, the property benefits from proximity to major employment centers, retail, dining, and entertainment throughout the greater Los Angeles area. This is a rare opportunity to acquire a new construction, low-maintenance apartment community with immediate cash flow and substantial future upside in one of Los Angeles’ most desirable rental corridors.

3324 Chapman, Los Angeles

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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.