NOT LISTED FOR SALE

1248 1242 Mcclellan Dr Los Angeles, CA 90025

Sawtelle Neighborhood
25 Beds
25 Baths
13,861 Sq Ft
9,136 Sq Ft Lot

Last Sold July 30, 2024

Last sale price $8,524,375 $615 Per Sq Ft

28 Days on Market

Highlights

  • Living Room with Fireplace
  • Built-In Features
  • Central Heating and Cooling System
  • Wood Flooring
  • Intercom
  • Laundry Facilities

About This Home

As of July 2024

We are pleased to present an incredibly unique investment opportunity in LA's vibrant Westside. 1242 McClellan Drive (legal address 1248 McClellan Drive) consists of 17 striking units ideally located just a block away from the famed enclave of Brentwood. Having been built in 1987, it is NOT subject to the City of Los Angeles' Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over one level of gated subterranean parking (exempt from seismic soft story retrofit). The ideal unit mix consists of eight 2-bedroom, 2-bathroom units and nine 1-bedroom,1-bathroom units. Interiors have been finished with beautiful pergo or carpet flooring, modern cabinetry, and upgraded kitchens and bathrooms with quartz or granite countertops. The building offers its residents a lushly landscaped facade, an intercom entry system, balconies, an on-site laundry room (machines owned by the Seller), and ample gated parking (32 total spaces). Unit features include a fireplace (most units), central HV/AC, large bedrooms, walk-in closets, and dynamite floor plans flooded with natural light. Select upper units have high vaulted ceilings. This property is only a block from the prestigious community of Brentwood, just one block south of Wilshire Boulevard. In close proximity to some of the best high-end dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Last Listed By

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 06/26/2024

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 9,136

Parking

  • 32 Parking Spaces

Home Design

  • Split Level Home

Interior Spaces

  • 13,861 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Wood Flooring
  • Intercom

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 25 Bathrooms

Additional Features

  • 9,136 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 17 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 4267-036-039

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 13861
  • Lot Acreage: 0.2097
  • Stories: 3
  • Year Built: 1987
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 25
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 25.00
  • Equipment: Built-Ins, Intercom, Microwave, Dishwasher
  • Price Per S Q F T: 634.51

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 32
  • Parking Garage: Assigned, Subterranean
  • Total Parking: 32

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 27.27
  • Assessed Improvement Value: 1767390
  • Assessed Land Percent: 72.73
  • Assessed Land Value: 4713042
  • Total Assessed Value: 6480432
  • Assessor Parcel Number: 4267-036-039
  • Lot Size Area: 9136

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 17
  • Total Annual Expense: 216834
  • Type Of Units: 2s,1s
  • Vacancy Rate: 19042

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $8,524,375 -3.1% $615 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $8,795,000 -- $635 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Taksa

    Seller's Agent in 2024

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    15 in this area

    68 Total Sales

    Jonathan Taksa
    Section Image
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Map

Source: The MLS

MLS Number: 24-408753

The MLS

California Los Angeles County Los Angeles 90025 Sawtelle

1248 1242 Mcclellan Dr, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 1248 1242 Mcclellan Dr, Los Angeles, CA 90025 since 26 June 2024. This property was built in 1987. 1248 1242 Mcclellan Dr is a home located in Los Angeles County with nearby schools including Brockton Avenue Elementary School, Ralph Waldo Emerson Community Charter Middle School, and University High School Charter.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.