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.
25 Units Across from Gold Line Metro Station
3614 Pasadena Avenue, Los Angeles
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
Los Angeles, CA 90031