3824 Evans Street is a 9-unit apartment building located on a large lot that is just under 10,000 square feet. It has been owned by the same family for more than 50 years. This is the first time it has been on the market and available for sale in… Read More all that time. The units are extremely spacious. The building has an excellent unit mix of 1 - 1+1, 2 - 2+1.5, 4 - 2+1.75 & 2 - 2+1.75 TH. The Town House units have their own individual back yards. This building has had copper plumbing installed and the Los Angeles City mandated soft-story earthquake retrofit work completed. Additionally, the CA state mandated balcony work (SB 721) has been done. (Seller states all) The rent roll demonstrates the incredible rental upside potential, and, with the recent defeat of Proposition 33, investors are allowed to realize market rents upon units becoming vacant. These are very large apartments (building square footage is 9,435) and are much more livable than the average 1960's era building. The location is very desirable in eclectic Los Feliz! Located just west of Hyperion Avenue and south of Griffith Park Boulevard, the area is ground zero for hipsters, tech workers, artists and independent thinkers. Incredibly desirable and walkable neighborhood with restaurants, bars, cafes, theaters, specialty markets (Trader Joes & Gelson's). This area has a vibe that is palpable and is attractive to both young and mature alike! It is just a short drive from central Hollywood, DTLA and the communities of Glendale, Burbank and Pasadena just beyond. This location is surrounded by a multitude of employers in a wide array of industries making it an exceptionally sought after place to reside. As a result, renters outnumber owners in the area by a wide margin. The housing imbalance that exists in Southern California & Los Angeles in particular make this investment attractive in the short and long term. Please do not disturb tenants or walk on the property. OM is located in the document section on the MLS profile page. Please call listing agent for more information. Read Less
Property listed by James F. Gilb, James Gilb 310-592-7067
Listing Snapshot
Days Online
144
Last Updated
Property Type
Other
Beds
17
Square Ft.
9,435
Lot Size
0.23 Acres
Year Built
1964
MLS Number
25476329
30 Days Snapshot Of 90027
$2.18M
-14%
(avg) sold price
13
-35%
homes sold
49
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1964, Building area total: 9,435, Levels: MultiSplit, Living area: 9435, 1 building, Architectural style: MidCenturyModern, Construction materials: Stucco
Fireplaces
None
Floors
Carpet, Wood
Heating
WallFurnace
Income
Gross income: $239,682, Net operating income: $160,660
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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