Kenny Stevens Team is pleased to present the Heritage Square Portfolio, comprised of 22 residential units and 3 commercial spaces, located in the rapidly developing neighborhood of Heritage Square. 106-114 E Avenue 37 and 103-117 E Avenue 36 is a 17 unit bungalow-style property sitting on two parcels totaling 38,583 square feet of land. Of the 17 units, 15 of them are true bungalows with private entrances, no shared walls, side-yards, and backyards. 3614-3618 Pasadena Avenue is a 12,433 square foot lot zoned RAS3. The property consists of three commercial spaces and 5 residential units that sit above the largest tenant, currently occupied by a garment manufacturer. As of September 2019, all commercial tenants are on a month-to-month contract.
17 Bungalow-Style Units w/ Commercial Space
3614-3618 Pasadena Avenue, Los Angeles
Property Details
Price $5,750,000
Year Built 1924
# of Units 25
Price P/ Unit $230,000
Sq. ft. 14,764 SF
Price p/ Sq. ft. $389
Current Cap Rate 3.89%
Proforma Cap Rate 7.59%
Lot Size 51,492 SF
Zoning LASAR3, LARD1.5
3614-3618 Pasadena Avenue
Los Angeles, CA 90031
Los Angeles, CA 90031
About the Property
