Los Angeles, CA 90039 3406 Garden Avenue

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Presented By: Eric Dilanian with Remax Commercial and Investment Realty;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25559563
  • 07/01/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 8
  • SQFT • 5,963
  • Garage • 1

Home Details

We are pleased to present for sale this rare 6-unit mid-century investment opportunity located in one of Los Angeles' most sought-after neighborhoods, Atwater Village. Delivered 83%vacant, with five out of six units available, this offering is ideal for an investor looking to renovate, reposition, and reimagine a classic mid-century asset. Built in 1965, the property features an attractive unit mix consisting of five two-story,townhome-style units with two bedrooms and one-and-a-half baths each, along with one corner flat offering two bedrooms and one bath. The building totals approximately 5,963 square feet and sits on a 6,752 square foot lot. It is well parked, providing six on-site parking spaces. Zoned R1-1-RIO, the property presents multiple repositioning strategies. Investors can pursue a full renovation with the potential to add ADUs, or explore the opportunity to convert and sell each unit individually as a Tenant-in-Common (TIC) ownership structure. The property also benefits from having its Soft-Story Retrofit completed, with a Certificate of Compliance already received . Located in the heart of North East LA's Atwater Village, the property offers tenants direct access to one of NELA's most vibrant retail corridors along Glendale Boulevard. With a Walk Score of 89, the location is considered "Very Walkable," where most errands and daily activities can easily be accomplished on foot. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, and the ability to construct ADUs or additional units. Do not disturb tenants or walk the property. Drive-by only.
Presented By: Eric Dilanian with Remax Commercial and Investment Realty;

Interior Features for 3406 Garden Avenue

Bedrooms

Total Bedrooms12

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths8

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 3406 Garden Avenue

Additional Parcels Y/NNo
Attached Garage Yes
Cap Rate7.49
Carport Y/NYes
CityLos Angeles
CountyLos Angeles
DirectionsTake I-5 North, Exit Glendale Blvd, Right on N. Glendale Blvd, Right on Garden Ave.
Full Baths
Garage Y/NNo
Gross Income237420.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6755.0
Lot Size UnitsSquareFeet
MLS Area606 - Atwater
MobileHomeRemainsYNNo
Net Operating Income163291.0
New ConstructionNo
Number Of Units Total6
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Stories2
Year Built1965
Year Built SourceAssessor
ZoningLAR1

Exterior for 3406 Garden Avenue

Building Area Total5963.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1551
Lot Size Area6755.0
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesAttachedCarport, Assigned, OnStreet
Private PoolNo
SpaNo
Total Parking6.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,180,000
MLS#25559563
List Date 07/01/2025
Property Type Multi-Family
Phone 714.742.6515
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