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$ 3,295,000
Est. payment | /mo
5,441 SqFt
$ 3,295,000
Est. payment | /mo
5,441 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,441 sqft
Price per Sqft $605
MLS Listing ID CL26635311
HOA Y/N No
Year Built 1959
Lot Size 5,993 Sqft
Acres 0.1376
Property Sub-Type Other
Property Description
3305 Primera Avenue, Los Angeles, CA 90068, is a luxury mid-century modern apartment building nestled in the Lake Hollywood hills amidst multimillion-dollar homes. The offering boasts impressive, stabilized income, offering investors exceptional long-term capital appreciation and wealth preservation. This meticulously remodeled 6-unit apartment building has been updated to the highest standards. These cutting-edge designer apartment homes offer treetop and area views, attracting discerning Angelos seeking a quiet oasis in one of Los Angeles's best neighborhoods. This rare offering is 1 of only 4 multifamily properties in this Lake Hollywood neighborhood (90068), where single-family homes sell for an average of $1,900,000. 3305 Primera Avenue, built in 1959, features an ideal unit composition of two (2) 2-Bedroom/2-Bathroom units, three (3) 3-Bedroom/2-Bathroom units, and one (1) spacious 4-Bedroom/3-Bathroom unit. In all, the property consists of 5,441 square feet of improvements on a 5,991 square foot lot, zoned LAR2. Ownership has conducted a complete transformation with no stone left unturned. Utilizing extensive permitting, ownership has ensured the complete replacement and upgrade of all building systems and a full remodeling of interior units with exceptional finishes. All interiors have been remodeled and boast new, stylish flooring, updated bathrooms and kitchens, designer appliances, central A/C units, new windows/sliding doors, washer/dryers in each unit, and expansive decking offering city and treetop views. Additionally, property amenities include covered parking for each unit and a camera system. The apartment homes are individually metered for gas and electricity, keeping the owner's expenses low, and a Ratio Utility Billing (RUBs) system is in place, passing utility expenses on to the tenants. Located in the highly desirable Lake Hollywood neighborhood in the Hollywood Hills, this newly renovated apartment complex offers spacious private decks with stunning views, parking, and security cameras. From this location, tenants will enjoy convenient access to Hollywood, Universal City, Ventura Boulevard, and the Metro Red Line. Tenants are a short distance (.7 miles) from the popular Lake Hollywood Reservoir Walking Trail. The 101, 134, and 405 freeways offer easy connections to Downtown Los Angeles, Pasadena, Santa Monica, and the beach. Some major employers nearby include Universal Studios and Warner Bros. Studios. The Hollywood Hills 90068 ZIP
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 5579019018
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Listed by Nick Astrupgaard • KW Commercial Studio City
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Patrick Nagel
REALTOR® | Lic# 1760790