Skip to main content

Multifamily

3330 Chapman St

3330 Chapman St, Los Angeles, CA 90065

Listing Price: $1,995,000

Cap Rate
4.05%
Number of Units
12
GRM
12.98
Price/Unit
$166,250
Price/Gross SF
$284.27
Gross SF
7,018

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 3330 Chapman Street, a 12-unit multifamily property located in the Glassell Park neighborhood of Los Angeles, CA. Available for only $166,250 per unit, the property allows a new investor to capitalize on approximately 73% rent upside.

Energy costs are reduced by the tankless water heaters that have been installed at the building. The current owner has also 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 across from Forest Lawn, near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to trendy and emerging areas such as Los Feliz, Glendale, Atwater Village, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recently revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multimillion 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.

Investment Highlights

  • Prime Repositioning Opportunity – Current Rents Approximately 73% Below Market
  • All Seismic Retrofit Repairs Completed (Buyer to Verify)
  • Attractively Priced at Only $166,250 per Unit While Similar Recent Sales Have Averaged Over $252,000 per Unit
  • Tankless Water Heaters to Reduce Utility Costs
  • Adjacent to Atwater Village, Mount Washington, Highland Park, Glendale, and Los Feliz
  • Less than Two Miles from Upscale Americana at Brand, Remodeled Glendale Galleria, Griffith Park, and Occidental College
  • Situated Near New North Atwater East Bank Riverway Project
  • Convenient Access to 2 and 5 Freeways

Exclusively Listed By

Financing By

Multifamily

3330 Chapman St

Listing Price: $1,995,000

Cap Rate
4.05%
Number of Units
12
GRM
12.98
Price/Unit
$166,250
Price/Gross SF
$284.27
Gross SF
7,018

Investment Highlights

  • Prime Repositioning Opportunity – Current Rents Approximately 73% Below Market
  • All Seismic Retrofit Repairs Completed (Buyer to Verify)
  • Attractively Priced at Only $166,250 per Unit While Similar Recent Sales Have Averaged Over $252,000 per Unit
  • Tankless Water Heaters to Reduce Utility Costs
  • Adjacent to Atwater Village, Mount Washington, Highland Park, Glendale, and Los Feliz
  • Less than Two Miles from Upscale Americana at Brand, Remodeled Glendale Galleria, Griffith Park, and Occidental College
  • Situated Near New North Atwater East Bank Riverway Project
  • Convenient Access to 2 and 5 Freeways

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 3330 Chapman Street, a 12-unit multifamily property located in the Glassell Park neighborhood of Los Angeles, CA. Available for only $166,250 per unit, the property allows a new investor to capitalize on approximately 73% rent upside. Energy costs are reduced by the tankless water heaters that have been installed at the building. The current owner has also 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 across from Forest Lawn, near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to trendy and emerging areas such as Los Feliz, Glendale, Atwater Village, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recently revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multimillion 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.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower