NOT LISTED FOR SALE
3 Beds
29 Baths
15,481 Sq Ft
6,487 Sq Ft Lot

Last Sold June 10, 2022

Last sale price $3,950,000 $255 Per Sq Ft

35 Days on Market

Highlights

  • City View
  • Laundry Facilities
  • South Facing Home

About This Home

As of June 2022

VALUE-add opportunity; TREMENDOUS upside potential - renovate units and capture an additional 40% in rents; POTENTIAL future development; WALKING distance to Downtown Los Angeles, 10 minutes to Hollywood, Koreatown, Exposition Park; TOTAL lot size of 6,487 SF with R4, Tier 2 TOC zoning; SPACIOUS units averaging over 500 SF; WELL maintained, privately managed building; SEPARATELY metered for electricity / master metered for gas with potential to separate; ON-SITE laundry facilities;OPPORTUNITY zone. 25 studios, 3 1+1s and one 2+1 unit. No parking.

Last Listed By

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 03/29/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,487 Sq Ft Lot
  • South Facing Home

Interior Spaces

  • 15,481 Sq Ft Home
  • 3-Story Property
  • City Views
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 29 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 29 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5153-019-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 15481
  • Lot Acreage: 0.1489
  • Probate: No
  • Stories: 3
  • Year Built: 1923
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven-Gas
  • Bedrooms: 3
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 29.00
  • Price Per S Q F T: 264.84

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • View: City
  • View: Yes

Utilities

  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 236647
  • Assessed Land Percent: 60
  • Assessed Land Value: 354975
  • Total Assessed Value: 591622
  • Assessor Parcel Number: 5153-019-015
  • Lot Size Area: 6487

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.90
  • Number Of Units: 29
  • Total Annual Expense: 116809
  • Type Of Units: Apartment
  • Vacancy Rate: 0%

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
06/10/2022 06/10/22 Sold $3,950,000 -3.7% $255 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
03/29/2022 03/29/22 For Sale $4,100,000 -- $265 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-141195

The MLS