3288 Lowry Road

    Los Angeles (City), CA 90027
    • $5,200,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: 20558742
    UPDATED: 52 min ago
    $5,200,000
    • 24
      BEDS
    • 0.39
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 12,232
      SQFT
    • $425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.

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    Based on information from CRISNet MLS as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/103613545

    3288 Lowry Road Los Angeles (City), CA 90027

    • Price: $5,200,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 20558742
    24
    Beds
    12
    Baths
    0
    ½ Baths
    0.39
    Acres
    12,232
    SQFT
    $425
    $/SQFT
    1948
    Built
    Neighborhood:
    Los Feliz (C22)
    County:
    Los Angeles
    Area:
    Los Feliz (C22)
    Property Description
    3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 12

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bed01 2

    Property Features

    Adjusted Gross Income 318952.00 Assessed Improvement Value 211782.00 Assessed Land Value 205696.00 Cap Rate 4.10 Country United States Of America Expense Total Annual 101751.00 Gross Operating Income 315762.00 Gross Rent Multiplier 16.30 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 214011.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 26509.00 Unit Projected Total Monthly Rent01 38650.00 Unit Total Monthly Rent01 26509.00 Unit Type01 12 Units Total In Complex 12 Zoning Lar3

    Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City and Rich Johns CA DRE# 01432215 of .


    Based on information from CRISNet MLS as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-28T06:45:42.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361