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Listed by Matthew Guerra, DRE #02022646 • KW Executive
$ 3,995,000
Est. payment /mo
Active
3324 Chapman Los Angeles, CA 90065
9,613 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26168951
Year Built 2021
Lot Size 9,613 Sqft
Source California Regional MLS
Property Description
3324 N Chapman Street presents a prime multifamily investment opportunity in a high-demand Los Angeles rental market. Built in 2022, the property is exempt from both local Los Angeles rent control and statewide AB 1482 (buyers/brokers/agents to verify), providing investors with rare operational flexibility in a supply-constrained housing market. The property offers approximately 32.33% rental upside, allowing new ownership to significantly increase income while enhancing long-term value. The investment is further enhanced by attractive seller financing. The property includes an assumable first loan of approximately $2,200,000 at a 4.5% fixed interest rate through September 2027, and the seller is willing to carry a second position loan with low monthly payments, creating favorable leverage for a new buyer. Additionally, the site provides the potential to develop up to 7 additional units, creating further upside through expansion. The unit mix consists of two spacious 3-bedroom units and six 2-bedroom units. Notably, three of the existing 2-bedroom units were originally designed as 3-bedroom units, and can easily be converted back by adding a wall according to the builder's original plans-providing a straightforward path to increasing rental income. Ideally located near Glendale,
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Interior
Laundry Other, 38
Exterior
Pool None
Building
Story Three or More Stories
Sewer TBD
Water District - Public
Others
Tax ID 5459009017
Special Listing Condition Not Applicable
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