Property Detail

3849 Stevely

Los Angeles CA 90008

$1,600,000

Status: Active

Property Details

Description

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 6.02% cap rate (8.95 GRM), there's an estimated 55% upside through rent increases. Property has two vacancies.An ADU may potentially be added, which could further improve returns to a projected 7.72% cap and 7.46 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 (184 designated affordable), 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 redevelopmentbringing 961 new residences, a hotel, offices, retail, and restaurantsplacing this asset squarely in the path of major economic and residential growth.

Map Location

Listing provided courtesy of Kelly Morgan of Houze Real Estate Management. Last updated 2026-04-02 08:11:28.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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