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3849 Stevely Avenue, Los Angeles, CA 90008

Local realty services provided by:CENTURY 21 Fort Bragg Realty
3849 Stevely Avenue,Los Angeles, CA 90008
$1,600,000
  • 15 Beds
  • 14 Baths
  • 7,872 sq. ft.
  • Multi-family
  • Active
Listed by: kelly morgan
Office: houze real estate management
MLS#:25550181
Source:CRMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$203.25

About this home

We are pleased to present this 8-unit multifamily asset located at 3849 Stevely Ave, featuring strong in-place income, major upside potential, and immediate proximity to one of the city's most transformative new developments with the possibility of adding an ADU.3849 Stevely Ave features recent capital upgrades, including new siemens electrical panels, a newer roof, updated flooring, and a modern water heater. With an in-place 6.02% cap rate (8.95 GRM), there's an estimated 55% upside through rent increases. Property has two vacancies.An ADU may potentially be added, which could further improve returns to a projected 7.72% cap and 7.46 GRM after construction.Tuck-under parking seismic retrofit has been completed.Just steps from 5035 W. Coliseum Street, site of the nation's first Costco-anchored mixed-use development. This six-story project will include 800 residential units (184 designated affordable), a full-service Costco offering produce, pharmacy, optical, and delivery services,

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Home facts

  • Year built:1957
  • Listing ID #:25550181
  • Added:234 day(s) ago
  • Updated:January 25, 2026 at 11:50 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:14
  • Living area:7,872 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1957
  • Building area:7,872 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$203.25
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Fort Bragg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Fort Bragg Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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