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Compass is pleased to present the opportunity to acquire a five-unit property in the highly desirable neighborhood of Glassell Park. Situated on a generous 9,599-square-foot lot, this property offers both immediate income and significant upside potential.The property consists of two separate buildings. The front building features four two-bedroom, one-bathroom units, while the rear building is a four-bedroom, three-bathroom home that will be delivered vacant at closing. This creates a rare opportunity for an owner-user to live on-site while generating rental income, or for an investor to lease the unit at market rates and maximize returns.The subject property is conveniently located near shops, restaurants, major freeways, and Downtown Los Angeles, making it highly attractive to tenants. This is an excellent opportunity for both owner-users and investors alike.With rents currently below market and Glassell Park continuing to experience strong appreciation, this property presents a prime value-add opportunity with substantial income growth potential.Opportunities like this in one of Northeast LA's most sought-after neighborhoods do not last long.!
Property Type(s):
Residential Income
| Last Updated | 3/3/2026 | Year Built | 1959 |
|---|---|---|---|
| Community | 623 - Glassel Park | County | Los Angeles |
Additional Details
| AREA | 623 - Glassel Park |
|---|---|
| LOT | 9601 sq ft |
| LOT DIMENSIONS | 9599 |
| STORIES | 2 |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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