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

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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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