$2200000 Price Analysis   ♡   Los Angeles, CA 90038 10 bed 10 bath 6046 SqFt ($363/SqFt) 7002SqFt lot. Built 1963 Listed 2024-05-30, Taxes $5754 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Hollywood
Paramount Picturs, Between Melrose, Vine and Santa Monica Blvd., desirable and high density 90038 Zip code. Well-maintained 7-unit apartment building, close to 101 Freeway, Kaiser Hospital, Home Depot and all kind of major stores, 3 Units 2Br/2Baths plus 4 Units 1Br/1Bath, 7 parking and extra room for one more, Storage Boxes. Tenants pay for Power and Gas, low maintenance, no Gardner. Completely fenced and Remotely operated gate.
Mandatory Soft Retrofitting Done in 2018, earthquake shut off valves for gas installed, no code enforcements, Only $363 Per SQFT lower than replacement cost. Excellent Cap Rate. Priced under market for fast sale. It is fully occupied with month-to-month leases. Seller's Unit 2Br/2Baths front unit with large balcony will be delivered vacant at close of Escrow, will rent for $3k easily, Owner owned Coin Laundry, The property has a new roof installed in February 2024 and a new gas boiler with circulation, Copper plumbing re piped 10 years ago, street was asphalted in May 2024.
Presented by Manvel Solakian at
Keller Williams R. E. Services.
Property MLS #GD24098317 from CRMLS
Lot Size Acres: 0.1607438
Lot Size Source: Assessor
Lot Size Square Feet: 7002
Parking Total: 7
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
County: Los Angeles
Cap Rate: 4.26
Source Property Type: Residential Income
Insurance Expense: 4852.00
Area: C20 - Hollywood
Source Neighborhood: C20 - Hollywood
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Number of Separate Water Meters: 1
Parcel Number: 5535005011
Postal Code Plus 4: 3225
Trash Expense: 4908.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $147721 + $251130 $398851 | $5754 |
| 2021 | $144825 + $246206 $391031 | $5652 |
| 2020 | $143340 + $243682 $387022 | $5693 |
| 2019 | $140530 + $238904 $379434 | $5506 |
| 2018 | $137775 + $234220 $371995 | $5346 |
| 2017 | $135074 + $229628 $364702 | $5203 |
| 2016 | $132426 + $225126 $357552 | $5023 |
| 2015 | $130437 + $221745 $352182 | $4959 |
| 2014 | $127882 + $217402 $345284 | $5021 |
| 2013 | $127305 + $216420 $343725 | $5005 |
| 2012 | $124809 + $212177 $336986 | $5066 |
| 2010 | $122362 + $208017 $330379 | $4907 |
| 2009 | $121737 + $206954 $328691 | $4736 |
| 2009 | $121448 + $206463 $327911 | $4736 |
| 2008 | $119350 + $202897 $322247 | $4561 |
| 2007 | $117010 + $198919 $315929 | $4399 |
$2200000
CRMLS
Listing removed 1999-12-25
$320000
ITECH
Listed 1998-02-24
$320000
ITECH
Sold 1977-03-01
$102000
Public Record
Sold 1975-09-19
$80000
Public Record
Year Built: 1963
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 61
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public
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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.