$2,180,000

3406 Garden Ave Los Angeles, CA 90039

Atwater Village Neighborhood

Estimated payment $14,162/month

Total Views 216
12 Beds
8.5 Baths
5,963 Sq Ft
$366 Price per Sq Ft

About This Home

We are pleased to present for sale this rare 6-unit mid-century investment opportunity located in one of Los Angeles' most sought-after neighborhoods, Atwater Village. Delivered 83%vacant, with five out of six units available, this offering is ideal for an investor looking to renovate, reposition, and reimagine a classic mid-century 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. 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. 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.

Listing Agent

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 07/01/2025

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,755 Sq Ft Lot

Interior Spaces

  • 5,963 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8.5 Bathrooms

Parking

  • 6 Parking Spaces
  • Attached Carport
  • On-Street Parking
  • Assigned Parking

Community Details

  • 6 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5437-006-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5963
  • Lot Acreage: 0.1551
  • Probate: Yes
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.50
  • Price Per S Q F T: 365.59

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached, Assigned, On street
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 75.71
  • Assessed Improvement Value: 162625
  • Assessed Land Percent: 24.29
  • Assessed Land Value: 52184
  • Total Assessed Value: 214809
  • Assessor Parcel Number: 5437-006-010
  • Lot Size Area: 6755

Rental Info

  • Court Approve: No
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.18
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 67007
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 5 Units

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $2,180,000 -- $366 / Sq Ft
Source: The MLS

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25559563

The MLS

California Los Angeles County Los Angeles 90039 Atwater Village

3406 Garden Ave, Los Angeles, CA

This home is located at 3406 Garden Ave, Los Angeles, CA 90039 and is currently priced at $2,180,000, approximately $365 per square foot. This property was built in 1965. 3406 Garden Ave is a home located in Los Angeles County with nearby schools including Atwater Avenue Elementary, Irving STEAM Magnet School, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Eric Dilanian
Listing Agent
Eric Dilanian
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Remax Commercial and Investment Realty
(213) 233-4379