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$ 1,900,000
Est. payment /mo
Price Dropped by $280K
3406 Garden AVE Los Angeles, CA 90039
12 Beds
8 Baths
5,963 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,963 sqft
Price per Sqft $318
MLS Listing ID 25559563
Bedrooms 12
HOA Y/N No
Year Built 1965
Lot Size 6,756 Sqft
Property Description
We are pleased to present for sale this rare 6-unit Mid-Century investment opportunity located in one of Los Angeles' most sought-after and vibrant neighborhoods - Atwater Village. Delivered 83% vacant, with five out of six units available, this is an exceptional opportunity for an investor to renovate, reposition, and reimagine the property as a rare, striking Mid-Century Modern asset. Built in 1965, the property features an attractive unit mix consisting of five two-story, townhome-style units with two bedrooms and one-and-a-half baths each, along with one corner flat offering two bedrooms and one bath. Five private, fenced patios plus a potential front yard extension for Unit 1complement the sweeping views of Griffith Park enjoyed by every unit. The building totals approximately 5,963 square feet and sits on a 6,752 square foot lot. It is well parked, providing six on-site parking spaces (per the CofO Buyer to Verify).Zoned R1-1-RIO, the property presents multiple repositioning strategies. Investors can pursue a full renovation with the potential to add ADUs, or explore the opportunity to convert and sell each unit individually as a Tenant-in-Common (TIC) ownership structure. The property also benefits from having its Soft-Story Retrofit completed, with a Certificate of Compliance already received. Located in the heart of North East LA's Atwater Village, the property offers tenants direct access to one of NELA's most vibrant retail corridors along Glendale Boulevard. With a Walk Score of 89, the location is considered "Very Walkable," where most errands and daily activities can easily be accomplished on foot. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, and the ability to construct ADUs or additional units. Do not disturb tenants or walk the property. Drive-by only.
Location
State CA
County Los Angeles
Area 606 - Atwater
Zoning LAR1
Interior
Fireplace No
Exterior
Parking Features Attached Carport, Assigned, On Street
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5437006010
Special Listing Condition Probate Listing
Listed by Eric Dilanian Remax Commercial and Investment Realty