Price
$ 1,549,000

3155 Estara Av., Los Angeles, CA 90065  
  • 9 beds
  • 6 baths
  • 3,590 sqft

3155 Estara Av., Los Angeles, CA 90065  

This is a rare opportunity to own a brand new construction 3 luxury units from the ground up in the high rental demand district of Glassell Park. Just completed in January 2017, front house is a SFR 3 bedrooms and 2 bath, 1300 s.f., while the rear structure is a 2 level duplex with 3 bedrooms and 2 bath each; lower level is 1106 s.f. and upper level is 1184 s.f. All units have master bedrooms with own bath. Meticulously planned, units have highly upgraded kitchen and bathrooms with marble counters, great cabinetries and complete line of stainless steel appliances like range/oven, microwave, dishwasher and plumbing fixtures. Each unit is also furnished with a refrigerator and a washer and dryer for the ready to move-in occupant. Great open expansive lay-out for the living room, dining and kitchen; hardwares come also with great finishes on white stained wood oak and laminate floors, windows, and sky lighted vaulted ceilings on front the house and top unit on duplex, comfortable amenities provided by central air/heating system, and tankless water heater for each unit. Utilties are individually metered for electric, gas and water and trash. Projected rent for the front SFR is $3600/mo, $2850 for the duplex upper unitl and $2650 for the lower unit. Operating expenses for a brand new units like this property will be at its minimum for many years, and estimated operating expense of 12% including a 3% management fee before property taxes will give a very attractive projected 5.0 CAP RATE and a 14.2 GRM. This complex can also be a great investment for the front unit owner occupant. The grade and mid schools are only a few blocks walking distance and so are commercial strips.. This nice Glassell Park area is just south of Glendale, is also just a few minutes drive to DTLA and the neighboring cities in the heart of the media, broadcast and entertainment industry of Los Angeles. SEE STAGED PHOTOS.

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Listing Type
Multi-Family
Listing ID
160224847-LSID#-0
Bedrooms
9
Bathrooms
6
House Size
3,590
Lot Size
6,000.00 sqft
Listing Status
Active
Year Built
2017
County
Los Angeles
Full Bath
6
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX 2000
    17843 Colima Rd City of Industry, CA 91748 | Phone: (626) 964-8999
    RE/MAX 2000 is licensed in the state of California CalBRE License #: 00970799
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.