** 305,000 Price Reduction ** We are pleased to present for sale this rare (17) Unit mid-century investment opportunity in one of LA's most up and coming locations Glassell Park! This opportunity is offered for sale for the first time in nearly 50 years and priced at $135K/Unit! The building was constructed in 1962, situated on an expansive lot size of 13,530 SF, boasting a robust unit mix of 10 (1) Bedroom and (1) Bathroom Units, 2 (2) Bedroom and (1) Bath Units, and Five Studio Units. It is encompassed by a total building Square Footage of 8,614. The property is extremely well parked, with (6) enclosed garage spaces, and (17) surface spaces available. The investment is poised for an astute investor looking to add value by immediately adding up to (4) ADU Units by right (or possible additionally) with a total up-side potential of approximately 135%. Buyer to verify feasibility of adding ADU's. The subject property is zoned RD2-1-CDO-HCR with Soft-Story Retrofit Completed, and Certificate of Compliance Dated 06/03/2022. The property is strategically located in the epicenter of North East LA's Hotspots of Glassell Park, Atwater Village, Highland Park, Eagle Rock, and within minutes to Glendale's famous Americana at Brand! 3429 Andrita Street is considered "Somewhat Walkable" with
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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