CA > Los Angeles
Los Angeles, CA 90065,3245 W Avenue 32
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Los Angeles, CA 90065,3245 W Avenue 32
Los Angeles, CA 90065,3245 W Avenue 32
Los Angeles, CA 90065,3245 W Avenue 32
Los Angeles, CA 90065,3245 W Avenue 32
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Donny Piwowarski

Donny Piwowarski

+1(209) 740-1004
$ 4,400,000
Est. payment /mo
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3245 W Avenue 32 Los Angeles, CA 90065

24 Beds

24 Baths

11,966 SqFt

UPDATED:

02/18/2025 04:47 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,966 sqft

Price per Sqft $367

MLS Listing ID 25499691

Bedrooms 24

Year Built 1990

Lot Size 10,202 Sqft

Acres 0.2342

Property Sub-Type Multi-Family

Property Description

We are pleased to present 3245 W. Avenue 32, a 12 Unit NON-RENT CONTROLLED apartment community located in Glassell Park, CA (90065) which is designated by AB 1482 in which the most recent allowable rent increase in 2024 is 8.8%.Glassell Park is adjacent to Atwater Village, Eagle Rock and just blocks to both DTLA and Echo Park. The area continues to experience a dramatic and significant shift like what Silver Lake and Echo Park experienced over the past 20 years. Important development news for the area is the LA River Master Plan project which is just 1 mile away from the offering. This mammoth, +/- $30 Billion undertaking is poised to alter the face of LA and specifically, Glassell Park, forever. A world-class team, including urban design architect Frank Gehry and international landscape architects Olin, are leading the transform of 51 miles of the LA River into a recreational green oasis. 3245 W. Avenue 32 was constructed in 1990 and comprises +/-11,966 square feet of improvements and feature 12 units comprised of all Large 2 Bedroom-2 Bathroom apartment homes. Most units have been completely remodeled and feature central air conditioning / heating, bright and open floor plans, new wood flooring, modern custom European kitchens with premium stainless-steel appliance packages, new cabinetry, upgraded baths with new vanities, tile surrounds and along with new lighting, locks, hardware and innovative finishes throughout.Each apartment home also comes with one or more balconies and select upper units feature treetop views of the surrounding city.In recent years, the common and exterior spaces have undergone a significant renovation highlighted by updated laundry, entries, passages, staircases and lighting along with drought resistant landscaping and a redesigned exterior color palate. A multi-camera video system completes the package.Gated/secured parking is provided for all units.Since the assets are not subject to LA City rent control, any below market rents will provide the astute investor future increased rent potential and ease of management.Glassell Park (90065) is as diverse as the people living in it. Thanks to its neighborhood feel, the area is perfect for young people looking for a "next-level" coffee experience and a community vibe. Within blocks you will find many of L.A.'s newest foodie revolution hot spots along with Habitat Coffee for a barista inspired espresso, Lemon Poppy Kitchen for European pastries, Tres Palmas for seafood tacos, dog friendly Division 3 for an alfresco breakfast or Verdugo Bar for craft beer on the patio.

Location

State CA

County Los Angeles

Area Glassell Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Community Garage

Garage Spaces 24.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Iconic Investments
agent

Donny Piwowarski

Broker | License ID: 01444374

+1(209) 740-1004

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