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$ 3,995,000
Est. payment | /mo
9 Beds
8 Baths
9,613 Sqft Lot
$ 3,995,000
Est. payment | /mo
9 Beds
8 Baths
9,613 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26107930
Bedrooms 9
Lot Size 9,613 Sqft
Property Sub-Type Res Income 2-4 Units
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 builders original plansproviding a straightforward path to increasing rental income. Ideally located near Glendale, Los Feliz, and Atwater Village, the property benefits from proximity to major employment centers, retail, dining, and entertainment throughout the greater Los Angeles area. This is a rare opportunity to acquire a new construction, low-maintenance apartment community with immediate cash flow and substa
Location
State CA
County Los Angeles
Zoning Other
Direction From downtown take 2fwy North, exit Eagle Rock Blvd, North on Ave 36/Fletcher, Right on Estara, Right on Chapman
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5459009017
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry
Listing Terms Cash, Conventional, Exchange, Seller May Carry
Listed by Matthew Guerra, DRE#02022646 KW Executive
NEARBY SCHOOL & BUSINESS
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