3650 Monon Street

Los Feliz, CA 90027

$5,600,000

Sold Price
N/A

bed Beds

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shower Baths

N/A sqft

straighten $287 / sqft

1966

calendar_month Built

Property Description

Price reduced by $675,000. This building includes 20 Units in the Los Feliz Silver-Lake area! The offering provides investors with a unique opportunity to acquire twenty units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 3650 Monon Drive is ideally located in Los Feliz (border of Silver Lake) nearby to many neighborhood hotspots! It features an ideal unit composition of 2 large three Bedrooms, 8 two Bedrooms, 2 one Bedroom, and 1 Single unit. The units offer many original details featured from 1960s construction such as original windows with beautiful natural light coming in. This building includes elevators, a washer/dryer room, and some of the units have been remodeled. 13.18 GRM, $300,000 per Unit, and Trust Sale. All units are currently rented out with the opportunity to increase rent prices. The location is ideal for renters looking to live in the beautiful and fun Silver Lake market! Silver Lake attracts young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 3650 Monon Drive is a short walk from many happening coffee shops and dining options and a short drive to Downtown LA and Hollywood!

Listing Information

Close Price $5,600,000
Close Date Wednesday, December 6th, 2023
Status Closed
MLS GD23041106
Type Residential Income
Subtype Apartment
Year Built 1966
Lot Size 14,099
Structure Size N/A
DOM 69
Courtesy Of Re/Max Tri-City Realty
Listing Agent Arthur Mangassarian DRE#00751703

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Arthur Mangassarian, Re/Max Tri-City Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 7th, 2023 at 3:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.