Glassel Park (623) Homes with Apartment Subtype

Welcome to Glassell Park, a vibrant and eclectic neighborhood nestled in the heart of Los Angeles County, California. Known for its stunning hillside views and artistic community, Glassell Park offers a unique blend of urban convenience and suburban charm. With its close proximity to downtown Los Angeles, residents enjoy easy access to an array of cultural attractions, dining options, and recreational activities, making it an ideal place for families, young professionals, and artists alike.

The real estate landscape in Glassell Park is as diverse as its residents. Among the most appealing options are homes with an apartment subtype, perfect for those seeking a multifaceted living arrangement. These properties often feature spacious main residences complemented by separate rental units, providing an excellent opportunity for additional income or accommodating extended family. Imagine living in a beautifully designed home while also having the flexibility to host guests or generate rental income from a cozy studio or one-bedroom apartment on the same lot.

The neighborhood boasts a rich tapestry of architectural styles, from charming bungalows to modern constructions, all set against the backdrop of lush greenery and scenic hills. With a strong sense of community, residents often gather at local parks, farmers' markets, and community events, fostering connections that make Glassell Park a truly welcoming place to call home.

Whether you’re looking for a family home, an investment opportunity, or a creative space to thrive, Glassell Park with its unique homes and vibrant atmosphere is sure to captivate you. Come explore the possibilities that await in this hidden gem of Los Angeles!

Newest Glassel Park (623) Homes with Apartment Subtype

$3,995,000

AR26168951 MLS ⋅ Active Status

3324 N Chapman Street presents a prime multifamily investment opportunity in a high-demand Los Angeles rental market. Built in 2022, the property is exempt from both local Los Angeles rent control and statewide AB 1482 (buyers/brokers/agents to verify), providing investors with rare operational flexibility in a supply-constrained housing market. The property offers approximately 32.33% rental upside, allowing new ownership to significantly increase income while enhancing long-term value. The investment is further enhanced by attractive seller financing. The property includes an assumable first loan of approximately $2,200,000 at a 4.5% fixed interest rate through September 2027, and the seller is willing to carry a second position loan with low monthly payments, creating favorable leverage for a new buyer. Additionally, the site provides the potential to develop up to 7 additional units, creating further upside through expansion. The unit mix consists of two spacious 3-bedroom units and six 2-bedroom units. Notably, three of the existing 2-bedroom units were originally designed as 3-bedroom units, and can easily be converted back by adding a wall according to the builder’s original plans—providing a straightforward path to increasing rental income. Ideally located near Glendale, Los Feliz, and Atwater Village, the property benefits from proximity to major employment centers, retail, dining, and entertainment throughout the greater Los Angeles area. This is a rare opportunity to acquire a new construction, low-maintenance apartment community with immediate cash flow and substantial future upside in one of Los Angeles’ most desirable rental corridors.

3324 Chapman, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.