Property Details


Year Built: 1988
Units: 4
Price / Unit: $473,750
Price / SqFt: $588
CAP: 4.12%
GRM: 15.70

Executive Summary


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The Neema Group of Marcus & Millichap is pleased to present 2215 Cazador Dr, a 4-unit stabilized investment opportunity in the Glassell Park neighborhood. The subject property, situated in the hills provides sweeping views plus the tranquility of a quiet tree lined neighborhood. 2215 Cazador is located just west of the I-5 freeway and Glendale Fwy, providing easy access to major arterial freeways in the Los Angeles area. 

The building features a strong unit mix of two 2+1’s and two 2+2’s townhouse style units. On site laundry is available to tenants and provides additional monthly income. Strong in-place rental income provides stable current cash flow to an investor. There are eight gated parking spaces on the property, plenty of space to accommodate the four-units. The building totals 3,224 SF and sits on a 7,249 SF lot. Built in 1988, the subject property does not fall under the LA county rent control regulations. 

Glassell Park is a neighborhood in Los Angeles, California with a population of 26,582. Living in Glassell Park offers residents an urban suburban mix feel and most residents rent their homes. In Glassell Park there are a lot of bars, restaurants, coffee shops, and parks. Many families and young professionals live in Glassell Park because it offers a great mix of entertainment from bars, restaurants and coffee shops to parks and local hiking trails. 

Area Overview

Glassell Park 

Glassell Park is a neighborhood in Los Angeles, California with a population of 26,582. Living in Glassell Park offers residents an urban suburban mix feel and most residents rent their homes. In Glassell Park there are a lot of bars, restaurants, coffee shops, and parks. Many families and young professionals live in Glassell Park because it offers a great mix of entertainment from bars, restaurants and coffee shops to parks and local hiking trails. 

Elysian Park & Echo Park 

Elysian Park is a neighborhood in Central Los Angeles, California, and has a population of more than 2,600 people. A city park, Elysian Park, and Dodger Stadium are within the neighborhood, as are an all-boys Catholic high school and an elementary school. 

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