CA > Los Angeles
Los Angeles, CA 90008,3849 Stevely Ave
Los Angeles, CA 90008,3849 Stevely Ave
Los Angeles, CA 90008,3849 Stevely Ave
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,950,000
Est. payment /mo
15 Beds
14 Baths
7,872 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,872 sqft

Price per Sqft $247

MLS Listing ID 25550181

Bedrooms 15

Year Built 1957

Lot Size 8,238 Sqft

Acres 0.1891

Property Sub-Type Multi-Family

Property Description

We are pleased to present this 8-unit multifamily asset located at 3849 Stevely Ave, featuring strong in-place income, major upside potential, and immediate proximity to one of the city's most transformative new developments with the possibility of adding an ADU. 3849 Stevely Ave features recent capital upgrades, including new siemens electrical panels, a newer roof, updated flooring, and a modern water heater. With an in-place 4.82% cap rate (10.78 GRM), there's an estimated 44% upside through rent increases. An ADU may potentially be added, which could further improve returns to a projected 5.38% cap and 9.94 GRM after construction. Tuck-under parking seismic retrofit has been completed. Just steps from 5035 W. Coliseum Street, site of the nation's first Costco-anchored mixed-use development. This six-story project will include 800 residential units, a full-service Costco offering produce, pharmacy, optical, and delivery services, and dedicated community programming for families and seniors. Leveraging AB 2011 fast-track zoning, the project is expected to generate up to 400 local jobs and revitalize the surrounding area. In addition to the Costco project, the property sits near the $700M Baldwin Hills Crenshaw Plaza redevelopment bringing 961 new residences, a hotel, offices, retail, and restaurants placing this asset squarely in the path of major economic and residential growth.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Carport Attached

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Advisors

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Kirshner Elkin Properties

+1(424) 214-0133

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