Active

3324 Chapman

Los Angeles, CA 90065

$3,995,000 $16,843/Mo

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Overview

Bed

Bath

8,678

Sqft

9,613

Sqft(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $3,995,000

AD Id : 78857100

MLS Id : AR26107930

Lot Size : 9,613 Sqft

Living Area Size : 8,678

Year Built : 2022

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Cooling Features

Central Air Air Conditioning

Building Information

Year Built: 2022 Building Area Total: 8,678
Pool Features

None

Laundry Features

Electric Dryer Hookup,Gas Dryer Hookup,See Remarks

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2207
Lot Size Source: Assessor Lot Size Square Feet: 9613

Listing Price Information

Original List Price: 3,995,000 Listing Contract Date: 2026-05-18
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5459009017

Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas,Water

Other Property Info

Source Listing Status: Active Source Neighborhood: 623 - Glassel Park Directions: From downtown take 2fwy North, exit Eagle Rock Blvd, North on Ave 36/Fletcher, Right on Estara, Right on Chapman Source Property Type: Residential Income Area: 623 - Glassel Park Property SubType: Apartment
Building and Construction

Property Age: 4 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Other Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One,Two,Three Or More Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
512 Rustic Drive, Los Angeles, CA, 90065	$1,890,000	3	3	2,635	2,635 SqFt
457 Museum Drive, Los Angeles, CA, 90065	$799,000	1	1	882	882 SqFt
633 Sunnyhill Drive, Los Angeles, CA, 90065	$1,999,999	4	2	2,161	2,161 SqFt
466 Wren Drive, Los Angeles, CA, 90065	$899,000	3	--	1,728	1,728 SqFt
641 Sunnyhill Drive, Los Angeles, CA, 90065	$1,199,999	3	2	1,153	1,153 SqFt
4683 Glenalbyn Drive, Los Angeles, CA, 90065	$1,695,000	3	3	2,189	2,189 SqFt
596 Quail Drive, Los Angeles, CA, 90065	$1,497,000	3	2	1,452	1,452 SqFt
4730 Frieda Drive, Los Angeles, CA, 90065	$999,000	3	1	1,275	1,275 SqFt
4540 Wawona Street, Los Angeles, CA, 90065	$1,799,000	3	3	1,979	1,979 SqFt
4523 Palmero Drive, Los Angeles, CA, 90065	$899,000	2	1	730	730 SqFt

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ByOwner last updated this listing 06/09/2026 @ 21:19

MLS: AR26107930 LISTED BY: Matthew Guerra, KW Executive 626-872-2207 SOURCE: CRMLS