Glassel Park (623) Homes with Apartment Subtype

Glassel Park (623) Homes with Apartment Subtype

Welcome to Glassel Park, a hidden gem nestled in the heart of Los Angeles, California. This vibrant neighborhood, located in the 623 area code, is known for its eclectic charm, diverse community, and stunning views of the surrounding hills. With its prime location just minutes from downtown L.A., Glassel Park offers residents a perfect blend of urban convenience and suburban tranquility.

One of the standout features of this area is its unique housing market, particularly the availability of homes with apartment subtypes. This means you can find charming single-family homes that also feature separate living spaces, ideal for multi-generational families, rental opportunities, or simply extra room for guests. These properties often come with the added benefit of outdoor spaces, perfect for enjoying California’s sunny weather.

Glassel Park is also home to a variety of local parks, trendy cafes, and artisanal shops, making it a wonderful place to live for those who appreciate a strong sense of community. The neighborhood is characterized by its artistic vibe, with murals and public art installations adorning many streets, reflecting the creativity of its residents.

For families, Glassel Park offers access to reputable schools and recreational facilities, ensuring that children have plenty of opportunities for growth and play. With a mix of historic and modern homes, this area attracts a diverse range of buyers looking for a unique place to call home.

Whether you’re seeking a cozy retreat or an investment opportunity, Glassel Park’s homes with apartment subtypes provide the perfect canvas for your next chapter in life. Come discover the charm of Glassel Park and see why so many are proud to call this community home!

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.