3438 Mckinley Ave
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 6,700 sqft lot
- 1928 build
- – on site
3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of all oversized (8) 2-Bed/1-Bath units with 109% in Rental upside! Stabilizes at a 12.48% cap rate and 5.78 GRM, this asset is ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $169/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio. 3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.
Last checked:
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Last updated Feb 19, 2025
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MLS# SB25036159 —
The Building
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Year Built:1928
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:8816.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Entry Location:2
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Flooring:Laminate
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Room Type:All Bedrooms Down, All Bedrooms Up
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Fireplace:No
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Fireplace:None
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Laundry:None
Location
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Directions:Off Jefferson and Avalon
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Latitude:34.01207100
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Longitude:-118.26026600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:0-1 Unit/Acre
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Lot Size Area:6700.0000
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Lot Size Acres:0.1538
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Lot Size SqFt:6700.00
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Lot Size Source:Appraiser
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:2283
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Tax Lot:13
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5114016011
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:None
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Included:No
The Community
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Features:Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/18/25
Feb 18, 2025
|
Listed / Active | CRMLS_CA | $1,495,000 | |
6/20/24
Jun 20, 2024
|
Listed / Active | CRMLS_CA |