Iconic Investments is proud to present 3245 W. Avenue 32, a 12-unit multifamily property located in the vibrant neighborhood of Glassell Park. Governed by AB 1482, the allowable rent increase for 2024 is 8.8% offering investors strong rental growth potential.
Built in 1990, the improvements are ±11,966 square feet and feature twelve 2-bedroom/2-bathroom units.
Seven of the units have been extensively renovated, offering:
Central air conditioning and heating
Open, light-filled floor plans
New wood flooring
Modern European-style kitchens with premium stainless-steel appliances and custom cabinetry
Upgraded bathrooms with new vanities, designer tile, and stylish finishes
New lighting, locks, and hardware throughout
Recent capital improvements to the common areas and building exterior include:
Upgraded laundry facilities
Renovated entries, staircases, and corridors
New exterior lighting
Fresh exterior color scheme
Drought-tolerant landscaping
A comprehensive multi-camera security system
