3414 Fowler StLos Angeles, CA 90063

  • Mixed-use properties
  • 2,568 SF
For Sale
$699,000 View listing

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
3414 Fowler St, Los Angeles, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,864
$301,816
$120,724
$422,540
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