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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Matthew Guerra, DRE #02022646 • KW Executive

$ 3,995,000

Est. payment | -/mo

9,613 Sqft Lot

Save

$ 3,995,000

Est. payment | -/mo

Save

9,613 Sqft Lot

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

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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3324 Chapman Los Angeles, CA 90065