3314 Bagley Ave, Los Angeles, CA 90034

3314 Bagley Ave, Los Angeles, CA 90034

Los Angeles, CA

Property Description

Brett Lyon and Woody Stahl are pleased to present 3314 Bagley Avenue, an 8 unit building located in the desirable Palms/Castle Heights neighborhood in Los Angeles. The unit mix consists of (1) 2 Bed/1 Bath, (6) 1 Bed/1 Bath, and (1) Studio situated on a 12,034 square foot lot. Due to the R3 zoning, there is the potential to build 15 residential units by right. The value add property has an attractive layout with detached bungalow style units and over 37% in upside rent potential. Located in close proximity to major tech employers in Culver City such as HBO, Amazon, and Apple this is a unique investment or development opportunity with significant growth potential.

Property Features

  • Sale Price: $2,600,000
  • Area Size: 12,038 SF
  • Year Built: 1939
  • Listing Date: September 8, 2021
  • Units: 8
  • Current GRM: 17.04
  • Current Cap Rate: 3.36%
  • Price Per Unit: $325,000
  • Market GRM: 12.45
  • Market Cap Rate: 5.30%
  • Current NOI: $87,475

Lyon Stahl Investment Real Estate

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