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For sale
  • $1,950,000

    3849 Stevely Ave, Los Angeles, CA 90008

    15beds
    14baths
    7,872sqft
    : 
    Multi Family
    Built in 1957
    -- sqft lot
    $1,930,300 Zestimate®
    $248/sqft
    $-- HOA

    What's special

    Modern water heaterNew siemens electrical panelsNewer roofUpdated flooring
    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 and seniors. Leveraging AB 2011 fast-track zoning, the project is expected to generate up to 400 local jobs and revitalize the surrounding area. In addition to the Costco project, the property sits near the $700M Baldwin Hills Crenshaw Plaza redevelopment bringing 961 new residences, a hotel, offices, retail, and restaurants placing this asset squarely in the path of major economic and residential growth.
    33 days
    on Zillow
    |
    181
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 30, 2025 at 02:06am

    Listed by:

    Kelly Morgan DRE # 01898026 310-836-3638,

    KW Advisors 310-482-2200

    Source: CLAW,MLS#: 25550181MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3849 Stevely Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 14
    Heating
    • Wall
    Cooling
    • Wall/Window Unit(s)
    Interior area
    • Total structure area: 7,872
    • Total interior livable area: 7,872 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Attached Carport
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 8,237.2 Square Feet
    • Dimensions: 61 x 135
    Details
    • Additional structures: None
    • Zoning: LAR3
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1957

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $248/sqft
    • Tax assessed value: $2,148,945
    • Date on market: 6/10/2025
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