3232 W Avenue 32, Los Angeles, CA 90065
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
3232 W Avenue 32,Los Angeles, CA 90065
$5,985,000
- 36 Beds
- 34 Baths
- 17,466 sq. ft.
- Multi-family
- Active
Listed by:adam zunder
Office:iconic investments
MLS#:25498359
Source:CRMLS
Price summary
- Price:$5,985,000
- Price per sq. ft.:$342.67
About this home
We are pleased to present 3232 W. Avenue 32, a 16 Unit apartment community located in Glassell Park, CA (90065). Constructed in 1990, the property is NOT subject to LA City rent control and is designated by AB 1482 in which the most recent allowable rent increase was 8.8% in 2024.Glassell Park is adjacent to Atwater Village, Eagle Rock and just blocks to both DTLA and Echo Park. The area continues to experience a dramatic and significant shift like what Silver Lake and Echo Park experienced over the past 20 years. Important news for the area is the LA River Master Plan project which is just 1 mile away from the offering. This mammoth, +/- $30 Billion undertaking is poised to alter the face of LA and specifically, Glassell Park, forever. A world-class team, including urban design architect Frank Gehry and international landscape architects Olin, are leading the transform of 51 miles of the LA River into a recreational green oasis. The offering, built in 1990 and encompassing +/-16,128 SF of improvements, features 16 large apartment homes with an exceptional unit composition featuring Ten (10) Large 2 Bedroom-2 Bathroom, Four (4) 2 Bedroom-1.5 Bathroom, One (1) 4 Bedroom-2.5 Bathroom and One (1) 4 Bedroom- 2 bathroom apartment homes encompassing +/-16,128 square feet of improvements. In recent years, most units have been completely remodeled and feature central air conditioning / heating, bright and open floor plans, new wood flooring. The kitchens feature a modern, custom European design with premium stainless-steel appliance packages, dishwashers, garbage disposals, and new cabinetry. The upgraded baths feature new vanities and tile surrounds. New recessed lighting, locks, hardware and innovative finishes complete the upgrades. The common areas feature gated/secured entry, two laundry rooms (building owned), updated lobby and central courtyard, secured parking for each unit, one or more balconies for each unit and select upper units feature treetop views of the surrounding city.Since the assets are not subject to LA City rent control, any below market rents will provide the astute investor future increased rent potential and ease of management.Glassell Park (90065) is as diverse as the people living in it. Thanks to its neighborhood feel, the area is perfect for young people looking for a "next-level" coffee experience and a community vibe. Within blocks you will find many of L.A.'s newest foodie revolution hot spots along with Habitat Coffee for a barista inspired espresso, Lemon Poppy Kitchen for European pastries, Tres Palmas for seafood tacos, dog friendly Division 3 for an alfresco breakfast or Verdugo Bar for craft beer on the patio. Can be purchased with its sister building - 12 Units at 3245 W. Avenue 32
Contact an agent
Home facts
- Year built:1990
- Listing ID #:25498359
- Added:230 day(s) ago
- Updated:October 01, 2025 at 07:28 PM
Rooms and interior
- Bedrooms:36
- Total bathrooms:34
- Living area:17,466 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1990
- Building area:17,466 sq. ft.
- Lot area:0.29 Acres
Finances and disclosures
- Price:$5,985,000
- Price per sq. ft.:$342.67
New listings near 3232 W Avenue 32
- New$1,290,000Active4 beds 3 baths1,873 sq. ft.
7530 Gaviota Avenue, Lake Balboa, CA 91406
MLS# 225004968Listed by: SYNC BROKERAGE INC - New$3,195,000Active4 beds 5 baths3,157 sq. ft.
5444 Murietta Avenue, Sherman Oaks, CA 91401
MLS# 225004970Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New$18,995,000Active6 beds 8 baths9,953 sq. ft.
1609 Magnetic Terrace, Los Angeles, CA 90069
MLS# 25593269Listed by: DOUGLAS ELLIMAN OF CALIFORNIA, INC. - New$5,575,000Active5 beds 6 baths4,479 sq. ft.
11500 Kingsland Street, Los Angeles, CA 90066
MLS# 25596937Listed by: COMPASS - New$2,295,000Active4 beds 4 baths3,115 sq. ft.
11723 Goshen Avenue #302, Los Angeles, CA 90049
MLS# 25599509Listed by: COMPASS - New$1,999,000Active9 beds 4 baths3,358 sq. ft.
3324 Hamilton Way, Los Angeles, CA 90026
MLS# 25599603Listed by: KELLER WILLIAMS LOS ANGELES - New$159,000Active0.15 Acres
8441 Grand View Drive, Los Angeles, CA 90046
MLS# 25599659PSListed by: KELLER WILLIAMS REALTY - New$139,000Active0.13 Acres
8435 Grand View Dr Drive, Los Angeles, CA 90046
MLS# 25599849PSListed by: KELLER WILLIAMS REALTY - New$108,888,888Active12 beds 17 baths
1200 Bel Air Road, Los Angeles, CA 90077
MLS# 25599879Listed by: COMPASS - New$1,299,000Active7 beds 6 baths4,009 sq. ft.
2466 Lancaster Avenue, Los Angeles, CA 90033
MLS# 25599921Listed by: REALTY SOURCE INCORPORATED