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$2,400,000
Est. payment /mo
10 Beds
12 Baths
11,175 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,175 sqft
Price per Sqft $214
MLS Listing ID 25620323
Bedrooms 10
HOA Y/N No
Year Built 1912
Lot Size 7,418 Sqft
Property Description
We are pleased to present 3209 Dobinson St., a well-maintained and gated 12-unit apartment community situated in the vibrant and evolving submarket of City Terrace in East Los Angeles - one of the city's most resilient and in-demand rental pockets. Built in 1912 and offering 11,175 square feet of living space on a 7,419 square foot lot, this classic two-story building features an attractive unit mix of ten (1bedroom /1 bathroom) units and two (studio) apartments. With a timeless architectural character and updated amenities, the property offers both historic charm and modern comfort. Significant upgrades have been completed throughout the property, including full copper plumbing and a new roof installed one year ago. All showers were renovated last year, and the building is separately metered for gas and electricity, which helps simplify operations and reduce utility expenses for ownership. With a Walk Score of 77, 3209 Dobinson St. offers residents convenient access to public transportation, local employment hubs, and a wide variety of dining and retail options in East LA, Koreatown, and Downtown Los Angeles. Featuring strong in-place cash flow, meaningful upgrades, and rental upside, 3209 Dobinson St. presents a rare opportunity to acquire a stable, well performing multifamily asset in a proven Los Angeles rental market. With consistent income and minimal deferred maintenance, this property is an ideal choice for both experienced investors and those looking to expand their portfolio with a reliable income-producing asset.
Location
State CA
County Los Angeles
Area Cter - City Terrace
Zoning LCC2*
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway, Uncovered
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5229024007
Special Listing Condition Standard
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Listed by Derrick Vartanian Lyon Stahl Investment Real Estate, Inc.
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