3849 Stevely Avenue
Los Angeles, CA 90008
Map
- – beds
- – baths
- – sqft
- 8,238 sqft lot
- 1957 build
- – on site
We are pleased to present this 8-unit multifamily asset located in 3849 Stevely Ave, featuring strong in-place income, major upside potential, and immediate proximity to one of the city's most transformative new developments. Just steps from 5035 W. Coliseum Streetsite of the nation's first Costco-anchored mixed-use developmentthis 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 AB2011 fast-track zoning, the project is expected to generate up to 400 local jobs and revitalize the surrounding area. The property features recent capital upgrades, including new Siemens electrical panels, a newer roof, updated flooring, and a modern water heater. With an in-place 4.82% cap rate (10.78 GRM), there's an estimated 44% upside through rent increases, pushing performance to an 8.79% cap rate. An opportunity exists to add an ADU, which could further improve returns to a projected 5.38% cap and 9.94 GRM after construction. In addition to the Costco project, the property sits near the $700M Baldwin Hills Crenshaw Plaza redevelopment bringing 961 new residences, a hotel, offices, retail, and restaurants placing this asset squarely in the path of major economic and residential growth. Contact us today to request the OM or schedule a private tour.
Last checked:
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Last updated Jun 17, 2025
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MLS# 25550181 —
The Building
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Year Built:1957
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:7872.00
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:South of August St, east of Gibraltar, north of Pinafore St, west of Nicolet Ave.
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Latitude:34.01676600
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Longitude:-118.35392300
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:8238.0000
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Lot Size Dimensions:61x135
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Lot Size Acres:0.1891
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Lot Size SqFt:8238.00
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Lot Size Source:Assessor
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Lot Dimensions Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5030003026
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Attached Carport
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Parking Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/10/25
Jun 10, 2025
|
Listed / Active | CRMLS_CA | $1,950,000 | 10.8% (1.7% / YR) |
|
12/6/18
Dec 6, 2018
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CRMLS_CA | $1,760,000 | 47.7% (22.0% / YR) | |
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10/6/16
Oct 6, 2016
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CRMLS_CA | $1,192,000 | 23.5% (13.0% / YR) |
