3212 Drew Street, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 0 bath
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Los Angeles, California 90065
This 5-unit Multi-Family Asset represents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned slightly above the $1,330,942 Fair Market Value. While requiring capital improvements due to its Condition Rating of 5, the property offers significant upside through modernization. The 4,437 sq ft layout provides a rare "house hack" configuration, ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs. Its strategic Glassell Park location ensures long-term rental demand, making this a versatile acquisition for those prioritizing income-generating potential over turnkey finishes.
Property is extensive renovation needed.
Built in 1962 with no evidence of major renovations in over 30 years. Kitchens and bathrooms feature original or highly dated cabinetry and pink tile; interiors show popcorn ceilings, wall heaters, and aged flooring, indicating a need for a full structural and cosmetic rehab.
With five total units including four 2-bedroom apartments, this property offers significant income-generating potential in the high-demand Glassell Park rental market.
The large 2,400 sq ft front residence provides a rare opportunity for an owner-occupant to enjoy a spacious home while offsetting the mortgage with rental income from the four additional units.
Situated in the heart of Glassell Park, the property benefits from proximity to major freeways, trendy dining, and shopping, ensuring long-term desirability and low vacancy rates.
With only five uncovered parking spaces for a total of 11 bedrooms across five units, the parking-to-bedroom ratio is low, which may be a drawback for prospective tenants.
Constructed in 1962, the property may require capital improvements to major systems or seismic retrofitting to align with modern building codes and tenant expectations.
Exceptional investment opportunity in the heart of Glassell Park! This unique 5-unit income property offers a combined 4,437 sq ft of living space with a total of 11 bedrooms and 6 bathrooms. The front residence features approximately 2,400 sq ft with 3 bedrooms and 2 bathrooms, providing a spacious single-family home feel. The additional four units each offer 2 bedrooms and 1 bathroom with approximately 600 sq ft each, creating strong rental income potential. Situated on a desirable lot with 5 uncovered parking spaces, this property presents an ideal opportunity for investors, owner-users, or multi-generational living. Conveniently located near shopping, dining, freeways, and all that vibrant Glassell Park has to offer. A rare chance to own a versatile multi-unit property in a sought-after Los Angeles neighborhood!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1962 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 18, 2026
$1,350,000
Initial Listing