$3,400,000 Price Analysis   ♡   Los Angeles, CA 90029 14 bed 13 bath 6,466 SqFt ($525/SqFt) 9,302SqFt lot. Built 1924 Listed 2024-03-26, Taxes $26,199 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present a twelve (12)
Unit apartment building located at 4212 Lockwood Avenue in Los Angeles, California. The subject property is located in a prime Virgil Village location one (1) block from Silver Lake, south of Santa Monica Boulevard and east of Virgil Avenue. Built in 1924, this property contains a tremendus unit mix of ten (10) one-bedroom / one-bathroom units and two (2) two-bedroom / one and a half-bathroom brand new construction townhouse style units. These character, Spanish style bungalow units are well-maintained with a lovely center courtyard. Select units are fully renovated. The two (2) ADUs in the back are three-story townhouse style units detached from the main structure with a large balcony on each, in-unit laundry and premium finishes.
Tenants will love living one (1) block away from Silver Lake, down the street from incredible retail, restaurant and entertainment amenities along Sunset Junction. Some of these amenities include Erewhon, Intelligentsia, The Black Car, 4100 Bar, Naturewell Vegan, Warby Parker, Madewell Men's, Yolk, La Colombe Roasters and many more. The area invites young professionals with central access to Downtown and Hollywood employment hubs. Situated in a prime Virgil Village location one (1) block from Silver Lake, this offering presents an excellent opportunity for any investor to acquire a character, Spanish bungalow style building with good initial cash flow and strong rental upside potential.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-373025 from TheMLSCLAW
Full Bathrooms: 13
Laundry Features: In Unit
Heating Features: Wall
Patio And Porch Features: Patio Open, Balcony
Patio Features: Patio Open, Balcony
Lot Size Acres: 0.2135445
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9302
Other Equipment: Built-Ins, Refrigerator, Range/Oven, Washer, Dryer
Vacancy Allowance: 8586
Calculated Total Monthly Association Fees: 0
Number of Units: 12
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2500, 2 BedsTotal: 2, 2 BathsTotal: 1.5, 2 SquareFeet: 3400
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.92
Directions: The subject property is located in a prime Virgil Village location one (1) block from Silver Lake, south of Santa Monica Boulevard and east of Virgil Avenue.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5539-007-005
Postal Code Plus 4: 2904
Property Location: City
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $642,600 + $1,499,400 $2,142,000 | $26,199 |
| 2021 | $64,071 + $57,953 $122,024 | $2,630 |
| 2020 | $63,415 + $57,359 $120,774 | $2,640 |
| 2019 | $62,172 + $56,235 $118,407 | $2,581 |
| 2018 | $60,953 + $55,133 $116,086 | $2,401 |
| 2017 | $59,758 + $54,052 $113,810 | $2,322 |
| 2016 | $58,587 + $52,993 $111,580 | $2,219 |
| 2015 | $57,707 + $52,197 $109,904 | $2,200 |
| 2014 | $56,577 + $51,175 $107,752 | $2,277 |
| 2013 | $56,322 + $50,944 $107,266 | $2,278 |
| 2012 | $55,218 + $49,946 $105,164 | $2,302 |
| 2010 | $54,136 + $48,967 $103,103 | $2,201 |
| 2009 | $53,860 + $48,718 $102,578 | $2,139 |
| 2009 | $53,732 + $48,602 $102,334 | $2,139 |
| 2008 | $52,804 + $47,763 $100,567 | $2,085 |
| 2007 | $51,769 + $46,827 $98,596 | $2,011 |
$3,400,000
TheMLSCLAW
Listed 2024-03-26
$3,700,000
TheMLSCLAW
Sold 2021-05-20
$2,100,000
Public Record
Year Built: 1924
Levels: One Level, Three Or More Levels
Living Area Source: Assessor
Property Age: 100
Property Condition: Updated/Remodeled, New Construction, Additions/Alter
Levels or Stories: 3
Building Total Stories: 3
House Style: Bungalow
Year Built Source: Vendor Enhanced
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.