2434 W Avenue 32
Los Angeles, CA 90065

Bd   Ba   9,861 Sqft   180 Days
Great opportunity to purchase a well-maintained apartment complex in a rapidly gentrifying portion of NELA, Glassell Park. Rare 38,500 Sq Ft lot with ingress/egress from Ave 32 and Verdugo Place that affords an investor many options: 1) SUBDIVIDE the property into (7) 5,000 SF R2 duplex lots (14 units) 2) REDEVELOP the upper portion of the lot into multiple units. 3) REPOSITION asset by increasing the current rents by 30-40%. The current unit mix is comprised of: one 2BR/2BA, one 2BR/1BA and six 1BR/1BA units, each with their own parking spaces on a courtyard setting. At the upper end of the lot, separated from the apartments, is a private and spacious 4BR/3BA single family home with separate street entrance- perfect for an owner-user! Centrally located in Mount Washington with convenient access to freeways, restaurants, shops, and just minutes to Los Angeles Downtown, Glendale & Pasadena. Offering Memorandum available upon request.
  • $0 HOA
  • $226/Sqft
  • MLS#17210010 provided by Shawn S. Kormondy of Keller Williams Beverly Hills
  • Movoto last checked CRMLS for new data 10 hours ago
  • CRMLS last updated this listing 5 days ago

Home Features for 2434 W Avenue 32, Los Angeles

Year Built: 1927
Lot Size Acres: 0.88
Lot Size Square Feet: 38508
Lot Size Units: Square Feet
Lot Size Area: 38508
Price Per Square Foot: 225.64
Parcel Number: 5456009006
Special Listing Conditions: Standard
Standard Status: Closed
Exterior
Number Of Buildings: 8
Building Area Total: 9861
Parking Features: Carport, Driveway - Combination, Uncovered
Number Of Units Total: 9
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Property History for 2434 W Avenue 32, Los Angeles

Status
Date
Price
Sold
Sep 18, 2017
$2,225,000
Pending
Jul 5, 2017
Active
(Under Contract)
Jun 13, 2017
Price Change
Jun 6, 2017
$2,245,000
Listed
Mar 22, 2017
$2,395,000
#17210010
Pending
Nov 28, 2016
Price Change
Sep 6, 2016
$2,760,000
Listed
Jan 19, 2016
$2,860,000
#16978411

Real Estate Market Statistics for 2434 W Avenue 32, Los Angeles

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2434 W Avenue 32

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Glassell Park
Los Angeles
90065
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$2.25M

2434 W Avenue 32

$714K

Glassell Park

-9% y/y

Glassell Park

$799K

90065

2% y/y

90065

$969K

Los Angeles

1% y/y

Los Angeles

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Refinance Rates for 2434 W Avenue 32, Los Angeles

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2434 W Avenue 32 in 90065 was last listed for $2,225,000. As of today, , this is 129% above the current median price of $969,500 for the city of Los Angeles, CA and 178% above the median of $799,000 for ZIP code 90065. Right now, there are 49 properties for sale in 90065 and 2,056 properties listed for sale in Los Angeles. Those 2,056 properties are made up of 1,453 single family homes and 603 condos. The square footage of 2434 W Avenue 32 is approximately 9,861, which is 487% above the median size of 1,680 square feet in Los Angeles and 509% above the median size of 1,620 Sqft in ZIP code 90065. This property's price per square foot was $226, which is 57% below the current $523 median in 90065 and 63% below the $606 Los Angeles median.
Built in 1927, this multi family house at 2434 W Avenue 32, Los Angeles CA, 90065 is approximately 9,861 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $226. 2434 W Avenue 32 is located in the Glassell Park neighborhood in the Los Angeles Unified School District. The closest school is Glassell Park Elementary School.

2434 W Avenue 32, Los Angeles CA, 90065 was on the market for 180 days. The median days on the market for properties in this area is 39 with a median list price of $969,500 and median cost per square foot of $606. Its current status is sold under the MLS #17210010.

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