3324 Chapman, Los Angeles, CA 90065
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3324 Chapman, Los Angeles, CA 90065
3324 Chapman, Los Angeles, CA 90065
3324 Chapman, Los Angeles, CA 90065
3324 Chapman, Los Angeles, CA 90065
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Tatiana Batmanian

Tatiana Batmanian

+1(818) 726-2663
$ 3,995,000
Est. payment /mo
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3324 Chapman Los Angeles, CA 90065

9,613 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26107930

HOA Y/N No

Year Built 2022

Lot Size 9,613 Sqft

Property Sub-Type Apartment

Property Description

3324 N Chapman Street presents a prime multifamily investment opportunity in a high-demand Los Angeles rental market. Built in 2022, the property is exempt from both local Los Angeles rent control and statewide AB 1482 (buyers/brokers/agents to verify), providing investors with rare operational flexibility in a supply-constrained housing market. The property offers approximately 32.33% rental upside, allowing new ownership to significantly increase income while enhancing long-term value. The investment is further enhanced by attractive seller financing. The property includes an assumable first loan of approximately $2,200,000 at a 4.5% fixed interest rate through September 2027, and the seller is willing to carry a second position loan with low monthly payments, creating favorable leverage for a new buyer. Additionally, the site provides the potential to develop up to 7 additional units, creating further upside through expansion. The unit mix consists of two spacious 3-bedroom units and six 2-bedroom units. Notably, three of the existing 2-bedroom units were originally designed as 3-bedroom units, and can easily be converted back by adding a wall according to the builder's original plans—providing a straightforward path to increasing rental income. Ideally located near Glendale, Los Feliz, and Atwater Village, the property benefits from proximity to major employment centers, retail, dining, and entertainment throughout the greater Los Angeles area. This is a rare opportunity to acquire a new construction, low-maintenance apartment community with immediate cash flow and substantial future upside in one of Los Angeles' most desirable rental corridors.

Location

State CA

County Los Angeles

Area 623 - Glassel Park

Interior

Cooling Central Air

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup, See Remarks

Exterior

Pool None

Community Features Curbs, Gutter(s), Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description 6-10 Units/Acre, Level, Rectangular Lot

Story 3

Entry Level One,Two,Three Or More

Sewer Public Sewer

Water Public

Level or Stories One, Two, Three Or More

New Construction No

Others

Senior Community No

Tax ID 5459009017

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Matthew Guerra KW Executive 909-997-9765, DRE #02022646
NEARBY SCHOOLS & PROPERTIES
Tatiana Batmanian

Tatiana Batmanian

Director, Estates Division | License ID: 01986103

+1(818) 726-2663

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3324 Chapman