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3235 Andrita St #P1, Los Angeles, CA 90065
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3235 Andrita St #P1 Los Angeles, CA 90065

$2,800,000
  • 20 Beds
  • 15 Baths
  • 11,329 Sq.Ft.
For Sale
$2,800,000 Get Pre-Qualified
Map preview of 3235 Andrita St #P1, Los Angeles, CA 90065

Property Overview: 3235 Andrita St #P1 Los Angeles, CA has 20 bedrooms, 15 bathrooms, 11,329 living square feet and 10,945 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Listed for sale for the first time in 45 years, the property offers a new investor an excellent opportunity to add value by recapturing the approximately 49% rent upside. The current owner has already completed all seismic retrofit repairs, benefitting a new investor by bringing the property into compliance and saving them from an otherwise costly capital expense. Situated near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to nearby Los Feliz, Glendale, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recent revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multi-million dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is just west of the property.

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Co-listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 12 minutes ago | Last updated: August 6th, 2024 | Source CRMLS | DOM: 47
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Home details

Lot Sq. Ft
10,945
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24421279
City
Los Angeles
County
Los Angeles
Time on Site
49 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,232
  • Total Rent: $4,928
  • Pro Forma/Market Rent: $7,180
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,528
  • Total Rent: $4,586
  • Pro Forma/Market Rent: $6,285
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,465
  • Total Rent: $5,860
  • Pro Forma/Market Rent: $8,580
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,606
  • Total Rent: $1,606
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $666
  • Total Rent: $1,332
  • Pro Forma/Market Rent: $3,190
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.66
  • Gross Scheduled Income: --
  • Net Operating Income: $112,291
  • Gross Operating Income: $214,568
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3235 Andrita St #P1

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 14
  • Parcel Number: 5458016016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 3235 Andrita Street, a 14-unit multifamily property located in the Glassell Park neighborhood of Los Angeles, CA.
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Local Los Angeles Agent

Sale History for 3235 Andrita St #P1

Last sold on May 12th, 2000

  • July, 2024

  • Jul 29, 2024

    Date

    Active

    CRMLS: 24421279

    $2,800,000

    Price

  • September, 2022

  • Sep 1, 2022

    Date

    Expired

    CRMLS: 22132679

    $3,100,000

    Price

  • Mar 2, 2022

    Date

    Active

    CRMLS: 22132679

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS | STALKING HORSE HAS BEEN SELECTED, SEEKING QUALIFIED OVERBIDS | OVERBIDS DUE APRIL 14 | Contact listing agent for more information. Constructed in 1965 on a 10,945 square foot lot, 3235 Andrita Street is a 14-unit multifamily property with a total building size of 11,329 square feet. The well-maintained property is separately metered for gas and electric, is serviced by a central water heater, and offers a laundry facility and 5 covered and 5 uncovered parking spaces. The desirable unit mix consists of two studio apartments, 4 one-bedroom/one-bathroom units, and 8 two-bedroom apartments. The units offer tile flooring, gas stove, and wall units for heating and cooling. PART OF A 7 BUILDING PORTFOLIO; CAN BE SOLD INDIVIDUALLY.

  • May, 2000

  • May 12, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3235 Andrita St #P1

Assessed Value (2020): $604,573
Year Land Value Improved Value Assessed Value
2020 $75,103 $529,470 $604,573

Home Value Compared to the Market

This property vs the competition

3235 Andrita St #P1 is listed 133.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $247.15 per/sqft which puts the price per square foot 67.82% lower than the median price per square foot for the city of Los Angeles.

About 3235 Andrita St #P1

Detailed summary of property

3235 Andrita St #P1 is a multi family located in Los Angeles, CA 90065 and is currently for sale. This multi family property offers 20 bedrooms, 15 bathrooms, roughly 11,329 living square feet, and sits on an approximately 10,945 square foot lot. 3235 Andrita St #P1 was first listed on ArdentRealEstateGroup.com on July 31, 2024. The homeowner is currently asking $2,800,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 133.33% higher than the median priced home. Local competing homes currently for sale include 1613 Hillhurst Ave, 2916 Marathon St and 710 N La Fayette Park Pl. While the average home in Los Angeles, CA is selling in 106 days, 3235 Andrita St #P1 has a days on market of 47 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3235 Andrita St #P1 Los Angeles, CA 90065 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3235 Andrita St #P1

Public county record property details
Beds
20
Baths
--
Year built
1965
Sq. Ft.
11,329
Lot Size
10,945
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
61
APN
5458-016-016

The source for these homes facts are from public records.

90065 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$833
Median Sold Price
$1,253,094
Median Sold Price/Sq.Ft.
$681
Total Inventory
85
Median Sale to List Price %
100.25%
Avg Days on Market
33
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (25%), Other (15%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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