We are proud to present 3359 Rowena Avenue, a 2-story, 12-unit, value-add investment opportunity. Built in 1953 and located on an ultra-prime block in the highly desirable Los Feliz submarket of Los Angeles (south of Los Feliz Boulevard and west of Griffith Park Boulevard), this property has a 67%+ rental upside potential. The unit mix is 8 (1+1), 4 (2+1) units that average approximately 825+ gross square feet. The building's units are bright, spacious, and feature ORIGINAL tile, hardwood floors, solid wood kitchen cabinets (with Art Deco accents), and crown molding in the living rooms. The 2-bedroom units' bathrooms enjoy separate bathtubs and stall showers. The property is separately metered for gas and electric, and each unit contains its own water heater. The property's location offers residents effortless access to countless shopping, dining, entertainment, and recreation options of Los Feliz, Sunset Junction, Silver Lake, Atwater Village, and Downtown Los Angeles. The building is 0.65 miles west of the 5 freeway, 1.5 miles north of the 2, 2.2 miles northeast of the 101 and 3.7 miles northwest of the 110. 3359 Rowena Avenue is well-positioned for an investor to implement a high-end unit/common area renovation program optimizing top-of-the-market rents, appreciation, and future cash flow.
Courtesy of Matthew R. Kanner, Keller Williams Realty Los Feliz
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Data last updated 10/2/22