$3,995,000 Price Analysis   ♡   Los Angeles, CA 90068 7 bed 8 bath 4,492 SqFt ($889/SqFt) 0.28 acre lot. Built 1921 Listed 2024-05-21, Taxes $4,251 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
WOW! 5.2% CAP rate
With market rate rents in a fully renovated, turnkey bungalow court on a rare, oversized double lot. We've reduced this trophy property over $800, 000 and the price is right, right now. Ownership and cash flow is a breeze with new market rate renters in 6 fully renovated units. 2016 Vista Del Mar is a boutique collection of 6 newly reimagined bungalows in the Hollywood Hills. AIH Development presents a modern take on LA's quintessential courtyard residences, providing a best-in-class turnkey investment property for a discerning portfolio. Behind a sleek exterior of custom milled cedarwood and iron fencing, with keyless entry, automatic driveway gate and Door Bird guest communications system, the residences are centered around a serene landscaped and lighted courtyard. With a muted palette and clean architecture, four traditional 1 bedroom bungalows are each equipped with their wn unique outdoor spaces ranging from side patios to private grassy yard spaces. A big 2 bedroom, 2.5 bathroom Owner's Unit is large standalone home and a private 1 bedroom + office unit offers a lovely flow and private back yard.
No expense was spared in the modernization of this complex. From stucco to windows, doors, roofs, water lines, sewer, electrical and HVAC, each structure has been meticulously rebuilt with energy efficiency, longevity and ease of maintenance in mind. The interiors provide a luxe and elevated style of living, with 7 wide white oak engineered hardwood flooring, shadow box moldings, custom window treatments and solid wood Dutch doors. Finishes surprise and delight, showcasing a rare attention to detail and quality. Kitchens feature Caesarstone countertops, custom white oak cabinetry with soft close drawers, Bosch and GE Cafe appliances. The bathrooms offer Grohe and Toto fixtures with playful designer tile. Each unit is complete with custom millwork closets, LG washers and dryers, along with individual Pos t Alarm systems and energy efficient central HVACs. Covered parking for 7 vehicles features EV charging capabilities individually metered for each unit. An incredibly rare trophy property for investors seeking for top-rate market rents, steady cash flow and easy maintenance. Nestled on a quiet street north of Franklin Ave. at the base of the Hollywood Hills, you are moments from Franklin Village, Gelson's Market, shopping, the 101 freeway, offices, restaurants and entertainment in Hollywood and miles of trails and recreation in Griffith Park.
Presented by Courtney Pickard at
COMPASS.
Property MLS #24-394545 from TheMLSCLAW
Full Bathrooms: 8
Heating Features: Central
Lot Size Source: Assessor
Lot Size Square Feet: 12267
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 13335, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 4270, 3 BedsTotal: 2, 3 BathsTotal: 2.5, 3 SquareFeet: 5065
County: Los Angeles
Cap Rate: 5.19
Directions: From Franklin Avenue, take Vista Del Mar Ave North.
Source Property Type: Residential Income
Area: Hollywood Hills East
Source Neighborhood: Hollywood Hills East
Parcel Number: 5586-003-010
Postal Code Plus 4: 4065
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $43,944 + $219,828 $263,772 | $4,251 |
| 2021 | $43,083 + $215,518 $258,601 | $4,180 |
| 2020 | $42,642 + $213,309 $255,951 | $4,137 |
| 2019 | $41,806 + $209,127 $250,933 | $4,014 |
| 2018 | $40,987 + $205,027 $246,014 | $3,843 |
| 2017 | $40,184 + $201,007 $241,191 | $3,728 |
| 2016 | $39,397 + $197,066 $236,463 | $3,565 |
| 2015 | $38,806 + $194,106 $232,912 | $3,523 |
| 2014 | $38,046 + $190,304 $228,350 | $3,575 |
| 2013 | $37,875 + $189,444 $227,319 | $3,565 |
| 2012 | $37,133 + $185,730 $222,863 | $3,581 |
| 2010 | $36,405 + $182,089 $218,494 | $3,442 |
| 2009 | $36,219 + $181,159 $217,378 | $3,332 |
| 2009 | $36,133 + $180,729 $216,862 | $3,332 |
| 2008 | $35,509 + $177,607 $213,116 | $3,218 |
| 2007 | $34,813 + $174,125 $208,938 | $3,105 |
$0
TheMLSCLAW
Listed 2024-05-21
$3,995,000
TheMLSCLAW
Listing removed 2024-05-03
$0
TheMLSCLAW
Listed 2024-05-02
$4,250,000
TheMLSCLAW
Listed 2024-03-15
$4,800,000
TheMLSCLAW
Sold 2022-06-09
$2,200,000
TheMLSCLAW
Year Built: 1921
Common Walls: Attached
Levels: One Level
Living Area Source: Assessor
Property Age: 103
Levels or Stories: 1
Building Total Stories: 1
House Style: Bungalow
Year Built Source: Assessor
Architectural Style: Bungalow
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.