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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7BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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4,428SQFT
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$452$/SQFT
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
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.