Los Angeles, CA 90065 3216 3218 Division Street
$1,930,000
9 more
Presented By: Artak Dovlatyan with Specialized Realty; 818-546-1212
Beds • 7
Baths • 6
SQFT • 2,886
Year Built • 1928
Home Details
Specialized Realty proudly presents the sale of 3216 – 3218 Division St., an updated and fully leased 6-unit income property comprised of 3 separate buildings. Located in the highly coveted renter’s pocket of Glassell Park, it is an amazing investment opportunity to acquire a property strategically nestled between Eagle Rock, Atwater Village, minutes away from Dodger Stadium and DTLA! The property consists of five (5) 1bd/1ba units and one (1) 2bd/1ba unit covering 2,886 SF of total building area on a sizeable 7,443 SF lot Zoned RD2-1. Current gross rents total $12,151/mo, with 5 out of 6 tenants paying market value. This is a great opportunity to acquire an income property in an emerging market, priced to sell for only $321,667 a door.
Presented By: Artak Dovlatyan with Specialized Realty; 818-546-1212
Interior Features for 3216 3218 Division Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 3216 3218 Division Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.3
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsCypress Ave to Division St.
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income145812.0
HOANo
HOA Fee$0.0
HeatingSeeRemarks
Home Warranty Y/NNo
Insurance Expense6983.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet7445.0
Lot Size UnitsSquareFeet
MLS Area623 - Glassel Park
MobileHomeRemainsYNNo
Net Operating Income102509.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense43303.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot87
Taxes$23,160
Tenant PaysElectricity, Gas, Sewer
Total Actual Rent145812.0
Trash Expense0.0
Water Sewer Expense9000.0
Year Built1928
Year Built SourcePublicRecords
ZoningLARD2
Exterior for 3216 3218 Division Street
Building Area Total2886.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSlopedUp
Lot Size Acres0.1709
Lot Size Area7445.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters5
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, DrivewayUpSlopeFromStreet
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,930,000
MLS#GD25071063
List Date
04/02/2025
Property Type
Multi-Family
Phone
(949) 290-7647
