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Three-Story Apartment Building with Retail
For Sale
Contact for pricing
Pending

2938 Allesandro St, Los Angeles, CA 90039

Contemporary multifamily property combines residential units with ground-floor retail and a mix of one- and two-bedroom layouts.

Property SizeContact for details
Days on Market142

Property Features for 2938 Allesandro St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 32

Building Details

Year Built 2022
Buildings 1
Stories 3
Construction contemporary
Listing Agency: CBRE - Glendale
Listed By: Ed Matevosian · License #CA Lic. 01358783
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Glendale

Investment Insights

Based on property information with market context.

This three-story contemporary apartment property contains 32 residential units above approximately 1,239 square feet of ground-floor retail. The unit mix includes one- and two-bedroom apartments along with one three-bedroom residence, while select units offer two-level layouts, dens, private patios, and balconies. Four units will be designated as low income. The building received its Final Certificate of Occupancy before the close of 2022.

Located at 2938 Allesandro St in Los Angeles, the property sits near the 5 freeway in the Elysian Valley area, also known as Frogtown. Downtown Los Angeles and Glendale are each approximately 5 miles away, with Dodger Stadium, Griffith Observatory, and The Greek Theatre also identified at approximately that distance.

The combination of apartment density, varied floor plans, and retail space creates a mixed residential and commercial configuration within a recently completed building.

Key Highlights

  • 32‑unit apartment building with approximately 1,239 SF of ground‑floor retail
  • Three‑story contemporary building with a Final Certificate of Occupancy received before the close of 2022
  • Unit mix includes one- and two‑bedroom apartments plus 1 three‑bedroom unit

Property Analytics

Current Use

The River Apartments Apartment Building

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Spa & Massage Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

938
Businesses Nearby

Demographics for 90039, CA

28,059
Population
13,332
Households
2.1
Avg Household Size
40
Median Age
57%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
7,794
Density / Sq Mi
$105,578
Median Household Income
$56,121
Median Earnings
$2,149
Median Rent
$1,202,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Contemporary multifamily property combines residential units with ground-floor retail and a mix of one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 2938 Allesandro St Los Angeles, CA.
What are key features of this property?
This property features: 32‑unit apartment building with approximately 1,239 SF of ground‑floor retail; Three‑story contemporary building with a Final Certificate of Occupancy received before the close of 2022; Unit mix includes one- and two‑bedroom apartments plus 1 three‑bedroom unit
More about this property
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