3570 Eagle Rock Blvd, Los Angeles, CA 90065

Property Description

We are pleased to present for sale this extremely rare multi-family building in prime Glassell Park that will be delivered 100% VACANT. First time offered for sale since it's construction in the 60's, 3570 Eagle Rock Blvd is strategically located on one of the city's main thoroughfares and minutes to boutique shops, cafe's, restaurants, bars, and entertainment. The subject is currently operating as a (5) unit building built in 1964/1965. The property boasts a strong unit mix of (1) 2 Bedroom & 1.5 Bath Town-Home Unit, (2) 1 Bedroom & 1 Bathroom Units, (1) 2 Bedroom & 1 Bathroom Unit, and (1) 5 Bedroom & 3 Bath Unit and after renovations, will boast a Cap Rate of 7.90% & Cash-on-Cash Return of 10.40% with 30% down. A total square footage of 4,302 SF, situated on a lot size of 7,850 SF with (6) tandem parking spaces & (2) Garage Spaces & (1) Laundry Room and Zoned RD1.5-1-CDO. The property is conveniently nestled between LA's most eclectic neighborhoods of Eagle Rock, Highland Park, Atwater Village, Glendale, Frogtown and minutes to Silver Lake and Echo Park. Disclosure: Property is operating as a 5 Unit Building. ZIMAS indicates 4 Units total. There are total of 2 gas meters & 3 electric meters. The Certificate of Occupancy Shows as 3 Units. Listing agents and broker do not make any representations to the legal count of units. Buyer to conduct any/all due diligence including but not limited to the legal unit count, square footage, lot square footage, zoning, market rents, and the ability to construct an ADU.