3288 Lowry Rd

    Los Angeles, CA 90027
    • $5,200,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 20-558742
    $5,200,000
    • 24
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,232
      SQFT
    • $425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:
    Area:

    School Ratings & Info

    Description

    3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-07T23:42:13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/103613545

    3288 Lowry Rd Los Angeles, CA 90027

    • Price: $5,200,000
    • Status: Active
    • MLS #: 20-558742
    24
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    12,232
    SQFT
    $425
    $/SQFT
    1948
    Built
    Neighborhood:
    Los Feliz
    County:
    Los Angeles
    Area:
    Los Feliz
    Property Description
    3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.
    Exterior Features

    Lot Size Area 17164 Other Structures None Parking Garage Covered Parking Pool YN No Tennis YN No Total Parking 12

    Interior Features

    Baths Total 12.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 318952 Gross Operating Income 315762 Like Units1 12 Net Operating Income 214011.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 101751 Type Of Units Apartments Zoning Lar3

    Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-07T23:42:13. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260