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3406 Garden Ave, Los Angeles, CA 90039

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For Sale

$2,180,000

12 beds • 5,963 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $365.59
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

We are pleased to present for sale this rare 6-unit mid-century investment opportunity located in one of Los Angeles' most sought-after neighborhoods, Atwater Village. Delivered 83%vacant, with five out of six units available, this offering is ideal for an investor looking to renovate, reposition, and reimagine a classic mid-century asset. Built in 1965, the property features an attractive unit mix consisting of five two-story,townhome-style units with two bedrooms and one-and-a-half baths each, along with one corner flat offering two bedrooms and one bath. The building totals approximately 5,963 square feet and sits on a 6,752 square foot lot. It is well parked, providing six on-site parking spaces. Zoned R1-1-RIO, the property presents multiple repositioning strategies. Investors can pursue a full renovation with the potential to add ADUs, or explore the opportunity to convert and sell each unit individually as a Tenant-in-Common (TIC) ownership structure. The property also benefits from having its Soft-Story Retrofit completed, with a Certificate of Compliance already received . Located in the heart of North East LA's Atwater Village, the property offers tenants direct access to one of NELA's most vibrant retail corridors along Glendale Boulevard. With a Walk Score of 89, the location is considered "Very Walkable," where most errands and daily activities can easily be accomplished on foot. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, and the ability to construct ADUs or additional units. Do not disturb tenants or walk the property. Drive-by only.
MLS# 25559563

Courtesy Of RE/MAX Commercial & Investment

(213) 817-1000

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.16 Acres

Map and Directions

Directions to 3406 Garden Ave, Los Angeles, CA 90039

Home seller CENTURY 21 Village Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Village Realty

(626) 355-1451
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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