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3406 Garden Ave, Los Angeles, CA 90039

List Price: $1,900,000On Market FlagOn market
Jul 1, 20255,963 sqft12 beds8 baths
Listed by: Eric Dilanian
License #: 01951699
Phone #: 213-233-4379
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 25559563

Property Description

We are pleased to present for sale this rare 6-unit Mid-Century investment opportunity located in one of Los Angeles' most sought-after and vibrant neighborhoods - Atwater Village. Delivered 83% vacant, with five out of six units available, this is an exceptional opportunity for an investor to renovate, reposition, and reimagine the property as a rare, striking Mid-Century Modern asset. Built in 1965, the property features an attractive unit mix consisting of five two-story, townhome-style units with two bedrooms and one-and-a-half baths each, along with one corner flat offering two bedrooms and one bath. Five private, fenced patios plus a potential front yard extension for Unit 1complement the sweeping views of Griffith Park enjoyed by every unit. The building totals approximately 5,963 square feet and sits on a 6,752 square foot lot. It is well parked, providing six on-site parking spaces (per the CofO Buyer to Verify).Zoned R1-1-RIO, the property presents multiple repositioning strategies. Investors can pursue a full renovation with the potential to add ADUs, or explore the opportunity to convert and sell each unit individually as a Tenant-in-Common (TIC) ownership structure. The property also benefits from having its Soft-Story Retrofit completed, with a Certificate of Compliance already received. Located in the heart of North East LA's Atwater Village, the property offers tenants direct access to one of NELA's most vibrant retail corridors along Glendale Boulevard. With a Walk Score of 89, the location is considered "Very Walkable," where most errands and daily activities can easily be accomplished on foot. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, and the ability to construct ADUs or additional units. Do not disturb tenants or walk the property. Drive-by only.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$34,404

TurboHome Estimated Value

$2,096,800

$352 sqft

High Valuation
$2,201,640
$369/sqft
Normal Valuation
$2,096,800
$352/sqft
Low Valuation
$1,991,960
$334/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$352/sqft$2,096,800

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