3824 Evans Street

Los Angeles, CA 90027

$3,495,000

List Price

17

bed Beds

17

shower Baths

9,435 sqft

straighten / sqft

1964

calendar_month Built

Property Description

3824 Evans Street is a 9-unit apartment building located on a large lot that is just under 10,000 square feet. It has been owned by the same family for more than 50 years. This is the first time it has been on the market and available for sale in all that time. The units are extremely spacious. The building has an excellent unit mix of 1 - 1+1, 2 - 2+1.5, 4 - 2+1.75 & 2 - 2+1.75 TH. The Town House units have their own individual back yards. This building has had copper plumbing installed and the Los Angeles City mandated soft-story earthquake retrofit work completed. Additionally, the CA state mandated balcony work (SB 721) has been done. (Seller states all) The rent roll demonstrates the incredible rental upside potential, and, with the recent defeat of Proposition 33, investors are allowed to realize market rents upon units becoming vacant. These are very large apartments (building square footage is 9,435) and are much more livable than the average 1960's era building. The location is very desirable in eclectic Los Feliz! Located just west of Hyperion Avenue and south of Griffith Park Boulevard, the area is ground zero for hipsters, tech workers, artists and independent thinkers. Incredibly desirable and walkable neighborhood with restaurants, bars, cafes, theaters, specialty markets (Trader Joes & Gelson's). This area has a vibe that is palpable and is attractive to both young and mature alike! It is just a short drive from central Hollywood, DTLA and the communities of Glendale, Burbank and Pasadena just beyond. This location is surrounded by a multitude of employers in a wide array of industries making it an exceptionally sought after place to reside. As a result, renters outnumber owners in the area by a wide margin. The housing imbalance that exists in Southern California & Los Angeles in particular make this investment attractive in the short and long term. Please do not disturb tenants or walk on the property. OM is located in the document section on the MLS profile page. Please call listing agent for more information.

Listing Information

List Price $3,495,000
Status Active
MLS 25476329
Type Residential Income
Year Built 1964
Lot Size 9,861
Structure Size 9,435
DOM 1
Courtesy Of James F. Gilb
Listing Agent James Gilb DRE#00998653

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 17
Flooring Information
Material Carpet, Wood
Fireplace Information
Features None

Exterior Information

Maps

Listing information courtesy of: James Gilb, James F. Gilb 213-866-9802. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 7th, 2025 at 7:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.