3278-84 Casitas Avenue

Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 3278-3284 Casitas Avenue in Los Angeles, California. The subject property is situated in a prime Atwater Village Location, west of N San Fernando Road and south of Glendale Boulevard.

Tucked between Glendale, Los Feliz, and Eagle Rock is the trendy, two-square-mile neighborhood of Atwater Village. In the past, Atwater Village was home to many employees of the nearby Department of Water and Power substation. However, the community eventually grew to include more residents, ranging from Hollywood talent and creatives to business entrepreneurs. This neighborhood is now known as a millennial magnet thanks to its proximity to hip restaurants and thrift shops, its active nightlife, and its high walkability. For residents who don’t like driving, there’s no need to even own a vehicle in Atwater Village. For those who prefer driving, this neighborhood is also located near the 5, 134, and 110 freeways. Atwater Village is an extremely walkable and bicycle-friendly neighborhood with several walking and bike paths heading towards Griffith Park as well as the LA River. According to Walk Score, Atwater Village is among LA’s most walkable neighborhoods with a score of 74, which means most of your errands can be accomplished on foot. For transit-goers, the neighborhood is also conveniently near public transportation, including various Metro bus and train stations.
Built in 1923, this property contains a streamlined unit mix of seven (7) one-bedroom / one-bathroom units. One (1) unit will be delivered vacant. This rare, Spanish bungalow style asset has wonderful landscaping with a center courtyard and spacious front and rear patios. This is the first apartment deal in Atwater Village to hit the market in nearly twelve months. There are seven (7) garage parking spaces available that can potentially be converted into multiple ADU unit(s). The units are also spread across four (4) detached buildings offering tenants a strong sense of privacy. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Atwater Village Theatre, Cerritos Park, Ganbatte Fitness, Viet on Fletcher, and Proof Bakery.

Positioned in a prime Atwater Village location, this offering presents an exceptional opportunity for an investor to capitalize on a one of a kind Spanish style asset with two seperate parcels and exceptional ADU potential on nearly 13,000 square feet of land.