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.
For sale
$1,950,000
3849 Stevely Ave, Los Angeles, CA 90008
15beds
14baths
7,872sqft
Est.:
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
- 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#: 25550181

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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