Condominium buy in Adams Square California

We are proud to present 3359 Rowena Avenue, a 2-story, 12-unit, value-add investment opportunity. Built in 1953 and located on an ultra-prime block in the highly desirable Los Feliz submarket of Los Angeles (south of Los Feliz Boulevard and west of Griffith Park Boulevard), this property has a 67%+ rental upside potential. The unit mix is 8 (1+1), 4 (2+1) units that average approximately 825+ gross square feet. The building's units are bright, spacious, and feature ORIGINAL tile, hardwood floors, solid wood kitchen cabinets (with Art Deco accents), and crown molding in the living rooms. The 2-bedroom units' bathrooms enjoy separate bathtubs and stall showers. The property is separately metered for gas and electric, and each unit contains its own water heater. The property's location offers residents effortless access to countless shopping, dining, entertainment, and recreation options of Los Feliz, Sunset Junction, Silver Lake, Atwater Village, and Downtown Los Angeles. The building is 0.65 miles west of the 5 freeway, 1.5 miles north of the 2, 2.2 miles northeast of the 101 and 3.7 miles northwest of the 110. 3359 Rowena Avenue is well-positioned for an investor to implement a high-end unit/common area renovation program optimizing top-of-the-market rents, appreciation, and future cash flow. MLS® ID: 22141049 Listed: 3/28/22 Updated: 10/14/22 Interior Features Kitchen Appliances: Refrigerator Total Bedrooms: 16 Total Bathrooms: 12 Interior Features: Crown Molding Laundry Description: Common Area Floor Description: Wood Cooling: None Heating: Wall Furnace Exterior/Building Features Lot Size: 0.27 acres lot Other Property Details Area Name: 637 - Los Feliz Garage: No Parking: Carport Parking Total: 10.0 View: Y County: Los Angeles Pool: No Total Stories: 2 Zoning: LARD1.5-1XL Property History Date Event Price Value 9/29/22 Price Change $4,225,000 -1% 9/1/22 Price Change $4,275,000 0% Courtesy of Keller Williams Realty Los Feliz, Matthew Kanner, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.