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.
Multi-familyProperty Type
1948Year Built
0.39 acresLot Size
$364Price/Sq.Ft.
12 spacesParking
Listed by Nick Astrupgaard•DRE #01893466• KW Commercial Studio City
•818-432-1580 (agent)
•nastrupgaard@kw.com (agent)
Listed by Rich Johns•DRE #01432215• KW Commercial Studio City
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
24
Baths
12
Stories
—
Lot width
—
Lot depth
—
Lot size
0.39 Acres
Year renovated
1949
Sq. Ft.
12,232
Year built
1948
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5434001006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 7, 2026.
Oct 1, 2021 • Final
Plumbing
Plumbing
Jul 23, 2021 • Active
Plumbing
Perform a copper repipe of the plumbing system.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Covered Parking
Parking
# of Parking Spaces (Total): 12
Interior
Equipment
Other
Heating & Cooling
Other Cooling
Other Heat
Multi-Unit Income
Gross Income: 318952
Gross Operating Income: $315,762
Net Operating Income: $214,011
Multi-Unit Expenses
Total Annual Expense: $101,751
Multi-Unit Other Financial Information
Cap Rate: 4.1
Gross Rent Multiplier: 16.3
Vacancy Rate: 0
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1
Type Of Units: Apartments
# of Buildings: 1
Unit 1 Information
# of Beds: 2
# of Baths: 1.00
Rent: $26,509
Projected Rent: $38,650
Actual Rent: $26,509
# of Units: 12
Exterior
Building Information
Total Floors: 2
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 17,164
Zoning: LAR3
Financial
Assessment Information
Assessed Land Value: $205,696
Assessed Improvement Value: $211,782
Assessor Parcel Number: 5434-001-006
Location
Community Information
# of Units in Complex (Total): 12
Location Information
Directions: GPS
Public facts
Beds: 24
Baths: 12.0
Sq. Ft.: 12,232
Stories: —
Lot Size: 0.39 acres
Style: Multi-Family (5+ Unit)
Year Built: 1948
Year Renovated: 1949
County: Los Angeles County
APN: 5434001006
Home facts updated by county records on Oct 7, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Franklin Avenue Elementary School
Public K-5 • Assigned • 0.6mi
9/10
Thomas Starr King Middle School
Public 6-8 • Assigned • 1.2mi
6/10
John Marshall Senior High School
Public 9-12 • Assigned • 0.3mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The Los Angeles market is becoming more balanced, with buyers gaining a little more negotiating room as homes take longer to sell and price reductions become more common. Well-priced homes in desirable neighborhoods can still attract strong interest....
LA real estate remains resilient, with long-term demand, limited desirable inventory, and strong neighborhood-by-neighborhood opportunities. For savvy buyers and sellers, the current market creates opportunities to negotiate strategically and build...
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,...