$4,450,000
$5,200,000
14.4%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
12 Baths
12,232 SqFt
SOLD DATE : 05/14/2020
Key Details
Sold Price $4,450,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,232 sqft
Price per Sqft $363
MLS Listing ID 20-558742
Sold Date 05/14/20
Bedrooms 24
Year Built 1948
Lot Size 0.394 Acres
Property Sub-Type Multi-Family
Property Description
3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.
Location
State CA
County Los Angeles
Area Los Feliz
Zoning LAR3
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Covered Parking
Garage Spaces 12.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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