3414 Fowler StLos Angeles, CA 90063
- Mixed-use properties
- 2,568 SF
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
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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