Sold
3367 Andrita Street
Los Angeles CA, 90065
$8,600,000
$302.83 per sqft
Sold
73 Beds
70 Baths
28,399 sqft
Residential
Built in 1989
Listed by Andres Diaz with Keller Williams Downtown LA 213-797-7000
3367 Andrita Street is 35-unit apartment building located in the Glassell Park neighborhood of Los Angeles. Perched on a hilltop with breathtaking views of Downtown LA and the Elysian Valley, the property was built in 1989 and is not subject to local City of Los Angeles rent control. Instead, the property is subject to AB 1482 which enables owners to increase rents by 5%, plus the Consumer Price Index with a max ceiling rent increase of ten (10%) percent. 3367 Andrita Street boasts thirty-two (32) two-bedroom/two-bathroom units and three (3) three-bedroom/two-bathroom units. There are currently 22 apartment units vacant; however, owners are marketing for lease four (4) of the 2bedroom units at a monthly rate of $2,295/month. Lastly, 3367 Andrita Street is under a land use restrictive agreement that will expire in seventeen years (2039). Seven (7) units are subject to very low income and six (6) units are subject to low income. Glassell Park has seen a tremendous amount of redevelopment over the past couple of years that has spurred the demand for new housing in the neighborhood. Within a one-block radius, thirty-seven (37) small lot homes are being completed and will be for sale starting in the $900,000 range. In addition, a developer has broken ground for a 370-unit apartment building that is less than half a mile away. As new construction continues to develop in Glassell Park, rents and values will continue to increase for the next owner.
22204047
MLSⓇ ID
September 28, 2022
Listed
March 23, 2024
Updated
Map
3367 Andrita Street
Los Angeles CA, 90065
Interior Features
Total Stories
3
Bedrooms
73 Beds
Bathrooms
70 Baths
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher, Microwave, Dryer
Floor Description
Laminate
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.65 Acres
Other Property Details
Area Name
623 - Glassel Park
Days on Market
96
Garage
No
Parking
Assigned
Parking Total
70
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Zoning
LARD2
Buyer Agency Compensation
2%
Listing Contact: 213-797-7000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:40 AM UTC