3849 Stevely Avenue, Los Angeles, CA 90008

Local realty services provided by:Better Homes and Gardens Real Estate Town Center
3849 Stevely Avenue,Los Angeles, CA 90008
$1,950,000
  • 15 Beds
  • 14 Baths
  • 7,872 sq. ft.
  • Multi-family
  • Active
Listed by:kelly morgan
Office:houze real estate management
MLS#:25550181
Source:CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$247.71

About this home

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

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Home facts

  • Year built:1957
  • Listing ID #:25550181
  • Added:121 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:15
  • Total bathrooms:14
  • Living area:7,872 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1957
  • Building area:7,872 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$247.71
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