Glassel Park (623) Homes with Apartment Subtype

Welcome to Glassel Park, a hidden gem nestled in the heart of Los Angeles, California. This vibrant neighborhood offers a unique blend of urban convenience and suburban charm, making it an ideal spot for families, young professionals, and everyone in between. With its lush hills and stunning views of the San Gabriel Mountains, Glassel Park is a picturesque retreat from the hustle and bustle of city life.

One of the standout features of Glassel Park is its diverse housing market, particularly the availability of homes with apartment subtypes. These properties provide an excellent opportunity for those looking to invest in real estate while enjoying the benefits of living in a thriving community. Whether you’re seeking a multi-family home to accommodate extended family or looking to generate rental income, Glassel Park offers a variety of options that cater to different lifestyles and budgets.

The neighborhood is also known for its rich cultural scene, with an array of trendy cafes, eclectic shops, and local parks that foster a sense of community. Enjoy a leisurely stroll through the streets lined with charming homes, or head to nearby attractions such as the popular Glassel Park Recreation Center, where you can engage in outdoor activities or simply relax in nature.

With its prime location just minutes away from downtown Los Angeles, Glassel Park provides easy access to the city’s best dining, entertainment, and cultural experiences. Embrace the opportunity to call this delightful neighborhood home, where the allure of suburban living meets the excitement of urban life. Explore the possibilities that await you in Glassel Park!

Newest Glassel Park (623) Homes with Apartment Subtype

$1,999,999

SR26180485 MLS ⋅ Active Status

Irreplaceable 7-Unit Glassell Park Corner lot 3 building Compound Rare 7-unit multifamily compound consisting of three separate buildings on a prominent corner lot at Avenue 32 and Andrita Street in Glassell Park. The key investment story is the density. Zoned LARD2, the property’s existing seven-unit configuration exceeds what could typically be recreated under current zoning, creating a scarce legal non-conforming asset in a supply-constrained Northeast Los Angeles submarket. California ADU laws may also provide additional upside through conversion of existing garage or storage space, subject to buyer verification. The property includes a 1920s Spanish duplex with two large one-bedroom townhouse-style units; a 1958 fourplex with three one-bedroom units, one large two-bedroom unit, and four single-car garages; and a detached 1920s two-bedroom bungalow with private garden, patio, and two-car garage. Long-term ownership has maintained the property while preserving meaningful value-add opportunity through future unit renovations. Each unit is separately metered for gas and electric with individual water heaters. On-site laundry provides additional income. Six garages plus surface parking, multiple structures, strong existing density, in-place income, and a desirable Glassell Park location create a compelling combination of current yield, scarcity, and long-term upside. A bonus adjacent parcel to the north includes a long garage and large storage unit. Zoned LARD2. Subject to Los Angeles RSO. Buyer to verify units, permits, square footage, zoning, income, condition, and ADU potential with the City of Los Angeles.

3151 W Avenue 32, Los Angeles

$3,995,000

AR26168951 MLS ⋅ Active Status

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, 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 substantial future upside in one of Los Angeles’ most desirable rental corridors.

3324 Chapman, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.