For Sale: 12 Units No Rent Control in Hip Northeast LA!

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3422 Chapman Ave | $2,295,000 | Property Website

Wondering if young professionals & hipsters have made it to this part of NELA yet? Consider this -the Chapman 12 is located:
* 3/4 mi from the Eagle Rock Brewery, Habitat Coffee and Crossfit Ganbatte
* 1.5 mi from Home Restaurant in Silver Lake
* 2 mi from Costco and Bon Vivant Market & Cafe in Atwater Village
* 3 mi from the Americana at Brand in Glendale

Rare asset in rapidly gentrifying Glassell Park. The property consists of 12 apt units averaging 840 SF each (per title), w/ 10,092 SF situated on a 10,560 SF lot. Built in 1990, this property provides a rare opportunity to acquire a non rent control building w/tremendous rental upside in highly sought after Northeast LA. The unit mix is: Six 1Br + 1Ba apts & Six 2Br + 2Ba apts. Other property features include newer fire sprinklers, newer electronic parking gate, dishwashers in units, excellent open layouts, master bdrms w/en suite bathrooms & double sinks, sep. gas & electric meters, central boiler & 21 gated parking spaces!

For more details contact:
Dana Coronado
(310) 562-9630
[email protected]

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