3414 Fowler StLos Angeles, CA 90063

Property Details for 3414 Fowler St

Year built

1941

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

2,568 SF

Zone code

LCM1*

Property type

Investment properties

Property subtype

Live-work space

APN

5224-015-012

APU

5224015012

Description

This exceptional mixed-use property, located at 3414 Fowler Street in Los Angeles, CA 90063, presents a compelling value-add opportunity. The 2,568 square foot building, constructed in 1941, sits on a 4,844 square foot corner lot and is zoned LCM1. It comprises a one-bedroom apartment and a convenience store, currently generating a NOI of $19,624, with a pro-forma NOI of $47,224, representing a significant 71% rental upside potential through interior renovations. The asking price is $699,000, yielding a current cap rate of 2.81% and a pro-forma cap rate of 6.76%. The property benefits from its location in a rapidly developing area of East Los Angeles, close to Downtown LA, East Los Angeles College, and major medical facilities, providing strong employment drivers and convenient access to amenities. This infill location, within a dense, up-and-coming neighborhood, offers long-term growth potential. The property has been family-owned for over 20 years and has not been previously on the market during that time. The potential for adding Accessory Dwelling Units (ADUs) further enhances the property's future appreciation potential. This is a rare opportunity to acquire a generational asset in a prime East Los Angeles location with substantial value-add potential. Buyer to verify ADU feasibility.

• CAP approach

  CAP return

  Valuation

  6%

  $743,208

  6.5%

  $686,038

  7%

  $637,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $488,331

  Geo Method

  $488,331

• Alternative Use

  Use

  Valuation

  Residential

  $850,687

  Hospitality

  $779,225

  Educational

  $648,306

  Medical

  $670,602

  Retail

  $1,008,476

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0582

Longitude

-118.189

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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