Property Details

Price $5,450,000

Year Built 1923

# of Units 25

Price P/ Unit $218,000

Sq. ft. 14,764 SF

Price p/ Sq. ft. $369

Current Cap Rate 3.98%

Proforma Cap Rate 7.82%

Lot Size 51,492 SF

Zoning LAR3

3614 Pasadena Avenue
Los Angeles, CA 90031

About the Property

Kenny Stevens Team is pleased to present the Heritage Square portfolio, comprised of 22 residential units and 3 commercial spaces, located across the street from the Heritage Square Gold Line Station. 106-114 E. Avenue 37 and 103-117 E. Avenue 36 features a 17-unit bungalow-style property sitting on two parcels of land totaling 38,583 SF of land. Of the 17 units, 13 of them are true bungalows with private entrances, no shared walls, side-yards and back yards. 3614-3618 Pasadena Avenue is a 12,433 SF lot zoned RAS3. The property consists of three commercial spaces and 5 residential units. Additionally, this portfolio sits directly across the street from the Gold Line station and is eligible for Tier 3 TOC incentives.

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