Glassel Park (623) Homes with Apartment Subtype

Welcome to Glassel Park, a hidden gem nestled in the vibrant heart of Los Angeles, California. This eclectic neighborhood, part of the larger Northeast Los Angeles area, boasts a rich tapestry of culture, community, and convenience. With its rolling hills and stunning views of the San Gabriel Mountains, Glassel Park offers both a suburban feel and easy access to the urban excitement of downtown Los Angeles.

Glassel Park is known for its diverse housing options, including charming homes with apartment subtypes that cater to a variety of lifestyles. Whether you're a young professional seeking a modern space or a family looking for a cozy retreat, you'll find a range of properties that fit your needs. These homes often feature unique architectural styles, from classic Craftsman bungalows to contemporary multi-family units, providing residents with the perfect blend of character and functionality.

Living in Glassel Park means enjoying a tight-knit community atmosphere while being just minutes away from the bustling energy of nearby neighborhoods like Eagle Rock and Highland Park. Residents can take advantage of local parks, trendy cafes, and artisanal shops that line the streets, creating a vibrant neighborhood experience. Plus, with easy access to major freeways and public transportation, commuting to downtown LA or other parts of the city is a breeze.

Discover the charm and convenience of Glassel Park, where a diverse array of homes with apartment subtypes await to welcome you into a community that truly feels like home. Whether you're looking to invest or settle down, this neighborhood is a fantastic choice for anyone seeking the best of Los Angeles living.

Newest Glassel Park (623) Homes with Apartment Subtype

$3,995,000

AR26107930 MLS ⋅ Active Status

3324 N Chapman Street presents a prime multifamily investment opportunity in a high-demand Los Angeles rental market. Built in 2022, the property is exempt from both local Los Angeles rent control and statewide AB 1482 (buyers/brokers/agents to verify), providing investors with rare operational flexibility in a supply-constrained housing market. The property offers approximately 32.33% rental upside, allowing new ownership to significantly increase income while enhancing long-term value. The investment is further enhanced by attractive seller financing. The property includes an assumable first loan of approximately $2,200,000 at a 4.5% fixed interest rate through September 2027, and the seller is willing to carry a second position loan with low monthly payments, creating favorable leverage for a new buyer. Additionally, the site provides the potential to develop up to 7 additional units, creating further upside through expansion. The unit mix consists of two spacious 3-bedroom units and six 2-bedroom units. Notably, three of the existing 2-bedroom units were originally designed as 3-bedroom units, and can easily be converted back by adding a wall according to the builder’s original plans—providing a straightforward path to increasing rental income. Ideally located near Glendale, Los Feliz, and Atwater Village, the property benefits from proximity to major employment centers, retail, dining, and entertainment throughout the greater Los Angeles area. This is a rare opportunity to acquire a new construction, low-maintenance apartment community with immediate cash flow and substantial future upside in one of Los Angeles’ most desirable rental corridors.

3324 Chapman, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.