We are proud to present this exceptional investment opportunity: an 8-unit multi-family property located in the heart of Glassell Park! The seller is open to carrying financing for qualified buyers. This property features 100% single-story units spread across an expansive 20,002 square-foot lot. Seven of the eight units were constructed between 1948 and 1952, while one unit dates back to 1921.The property comprises five detached buildings, offering (6) 1-bedroom, 1-bath units, (1) 2-bedroom, 1-bath unit, and (1) 2-bedroom, 1-bath unit with a den. Totaling approximately 6,053 rentable square feet, the property also includes both carport/2 car garage and ample on-site parking for tenants. The property is individually metered for Water, Gas, and Electric, allowing for minimal landlord expenses. For the savvy investor, there's significant value-add potential, including the possibility of adding ADUs, with an estimated upside of 135% (buyer to verify feasibility). The property is zoned RD2-1-CDO-HCR. Situated in the vibrant core of Glassell Park, this property boasts a walk score of 76, meaning most daily errands can be done on foot. It's strategically positioned near Glendale, Atwater Village, Highland Park, and Eagle Rock, and just minutes from Silver Lake, Echo Park, and Downtown LA. * * Disclosure: * * Buyers are encouraged to conduct thorough due diligence, including verification of building square footage, lot size, legal bedroom/bathroom count, parking, unit mix, year built, zoning, market rents, and ADU or additional unit feasibility. * * PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PROPERTY-DRIVE BY ONLY * *
Multi-familyProperty Type
1948Year Built
0.46 acresLot Size
$256Price/Sq.Ft.
2 garage spacesParking
Listed by Eric Dilanian•DRE #01951699• Remax Commercial and Investment Realty
•213-233-4379 (agent)
•ericdilanian@remaxcir.com (agent)
Bought with Eric Dilanian•DRE #01951699• Remax Commercial and Investment Realty
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
3
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
0.46 Acres
Year renovated
—
Sq. Ft.
1,042
Year built
1921
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5456002012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 29, 2026.
Property details
Parking
Garage
Carport, 2 Car Garage
Garage Structures Total: 1
# of Garage Spaces: 2
Parking
# of Parking Spaces (Total): 8
# of Carport Spaces: 6
Interior
Heating & Cooling
Wall Unit Cooling
Other Heat
Multi-Unit Income
Gross Income: 109368
Gross Operating Income: $109,368
Net Operating Income: $63,798
Multi-Unit Expenses
Total Annual Expense: $45,570
Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 4.25
Gross Rent Multiplier: 13.72
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: Apartments
# of Buildings: 5
Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,129
Projected Rent: $11,100
Actual Rent: $6,776
# of Units: 6
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,225
Projected Rent: $2,650
Actual Rent: $1,225
# of Units: 1
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,113
Projected Rent: $2,600
Actual Rent: $1,113
# of Units: 1
Exterior
Building Information
Total Floors: 1
One Level
Property Information
Property Type: Residential Income
Land Information
Other Structures: Other
Lot Information
Lot Size (Sq. Ft.): 20,002
Lot Size (Acres): 0.4593
Lot Size Dimensions: 80 x 250
Zoning: LARD2
Financial
Assessment Information
Assessed Total Value: $511,606
Assessed Land Value: $363,668
Assessed Land %: 71.08
Assessed Improvement Value: $147,938
Assessed Improvement %: 28.92
Assessor Parcel Number: 5456-002-012
Location
Community Information
# of Units in Complex (Total): 8
Location Information
Directions: Right onto N. San Fernando Rd, Right on Verdugo Rd, Left on Verdugo Rd
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,042
Stories: —
Lot Size: 0.46 acres
Style: Multi-Family (5+ Unit)
Year Built: 1921
Year Renovated: —
County: Los Angeles County
APN: 5456002012
Home facts updated by county records on Aug 29, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Glassell Park Elementary School
Public K-5 • Assigned • 0.4mi
4/10
Washington Irving Middle School Math Music and Engineering Magnet
Public 6-8 • Assigned • 0.5mi
9/10
Sotomayor Arts and Sciences Magnet
Public 6-12 • Assigned • 0.5mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...