Active

3324 Chapman

Los Angeles, CA 90065
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt8,678

Sqft

SqFt9,613

Sqft(Lot)

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.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

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 Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Heating & Cooling

    Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 2022
    Building Area Total: 8678
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 9613 Lot Size Acres: 0.2207 Lot Size Source: Assessor Lot Size Square Feet: 9,613 Lot Description: 6-10 Units/Acre,Level,Rectangular Lot

  • Listing Price Information

    Listing Price: $3995000
    Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Owner Will Carry, Owner May Carry

  • Tax Information

    Parcel Number: 5459009017 Tax Lot: 24

  • Utility Information

    Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: From downtown take 2fwy North, exit Eagle Rock Blvd, North on Ave 36/Fletcher, Right on Estara, Right on Chapman WaterSource: Public
Sell a home like this and save $239,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
475 Rustic Drive, Los Angeles, CA, 90065 $1,295,000 3 4 1,835 1,835 SqFt
416 Museum Drive, Los Angeles, CA, 90065 $595,000 2 1 576 576 SqFt
512 Rustic Drive, Los Angeles, CA, 90065 $1,675,000 3 3 2,635 2,635 SqFt
475 Museum Drive, Los Angeles, CA, 90065 $899,595 2 1 743 743 SqFt
633 Sunnyhill Drive, Los Angeles, CA, 90065 $1,999,999 4 2 2,161 2,161 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 $1,675,000 3 3 2,189 2,189 SqFt
596 Quail Drive, Los Angeles, CA, 90065 $1,497,000 3 2 1,452 1,452 SqFt
4721 Marwood Drive, Los Angeles, CA, 90065 $1,250,000 3 2 1,377 1,377 SqFt
4602 El Reposo Drive, Los Angeles, CA, 90065 $1,450,000 4 2 1,546 1,546 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/29/2026 @ 18:35

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

Homes around $3,995,000

Selling? Save $239,201 when you sell a home like this

Tour with a ByOwner Agent