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3531 Ferncroft Rd

Los Angeles, CA 90039
  • $2,000,000
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 22-122969
UPDATED: 42 min ago
$2,000,000
  • 7
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,428
    SQFT
  • $452
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

The subject site is for Sale 3531 Ferncroft Rd, a 1964 5 unit apartment building located in an excellent Atwater neighborhood. Situated on a 5,125 SF lot, the property consists of 4,428 rentable square feet and features a total of 5-units including 3(three) 1bedroom /1bath, 1(1) 2bedrrom.1Bathroom and a Master two-bedroom/2bath. Located just outside of the Atwater Village, residents can enjoy convenient access to an array of restaurants, grocery stores parks, and entertainment as well as excellent schools. Considering this property has been in the same ownership for 30 years, this is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset throughout renovations of bath, the interior, and exterior, buyers will be able to significantly drive up rents all whilst establishing a higher value of the property

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T20:42:43.237. 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.markwiseproperties.com/homes/125279479
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3531 Ferncroft Rd Los Angeles, CA 90039

  • Price: $2,000,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 42 min ago
  • MLS #: 22-122969
7
Beds
0
Baths
0
½ Baths
0.12
Acres
4,428
SQFT
$452
$/SQFT
1964
Built
Neighborhood:
Atwater
County:
Los Angeles
Area:
Atwater
Property Description
The subject site is for Sale 3531 Ferncroft Rd, a 1964 5 unit apartment building located in an excellent Atwater neighborhood. Situated on a 5,125 SF lot, the property consists of 4,428 rentable square feet and features a total of 5-units including 3(three) 1bedroom /1bath, 1(1) 2bedrrom.1Bathroom and a Master two-bedroom/2bath. Located just outside of the Atwater Village, residents can enjoy convenient access to an array of restaurants, grocery stores parks, and entertainment as well as excellent schools. Considering this property has been in the same ownership for 30 years, this is an excellent opportunity for investors looking for significant upside potential; by repositioning the asset throughout renovations of bath, the interior, and exterior, buyers will be able to significantly drive up rents all whilst establishing a higher value of the property
Exterior Features

Covered Parking 5 Direction Faces South Entry Location Main Level Lot Location Corner LotDesert Front Lot Size Area 5125 Other Structures None Parking Garage Covered ParkingDirect EntranceAttached Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Total Parking 5 View Description Hills View YN Yes Water Frontage Stream

Interior Features

Baths Total 6.00 Cooling Electric Equipment Alarm SystemRefrigeratorOther Fireplace Rooms Gas And Wood Heating Electric

Property Features

Assessed Total Value 136522 Gross Income 138480 Gross Operating Income 134326 Like Units1 3 Like Units2 1 Like Units3 1 Net Operating Income 93287.00 Number Of Buildings 1 Number Of Units 5 Rent Control YN No Sale Type Standard Security Features Automatic GateCard/Code AccessExterior Security LightsFire And Smoke Detection SystemGatedLeased Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 41039 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lac1.5

Listing provided courtesy of Elizabeth Clark DRE#01811246 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T20:42:43.237. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270