$9500000 Price Analysis   ♡   Los Angeles, CA 90027 7 bed 31 bath 22582 SqFt ($420/SqFt) 8991SqFt lot. Built 1928 Listed 2022-08-22, Taxes $34760 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This exquisit 32-unit residential income property stands out with gorgeous French Normandy design and ornate
Architectural details. Located along Vermont, below the hills of Los Feliz, the Griffith Observatory and blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 8 charming (1 bedroom, view units with French windows) including a non-conforming, owner's unit with a fireplace and 24 charming studios (separate kitchens, dining areas and walk-in closets, which gives them more of a big feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22, 582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with astounding cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity!
Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a waiting-list to get into the building. Vacancies have historically been filled through word-of-mouth . The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents.
Presented by Lane Aronson at
Berkshire Hathaway HomeServices.
Property MLS #22-191539 from TheMLSCLAW
Full Bathrooms: 31
Laundry Features: Community
Lot Size Source: Assessor
Lot Size Square Feet: 8991
Gross Income: 704556
Calculated Total Monthly Association Fees: 0
Number of Units: 31
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 53500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 17100, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2750
County: Los Angeles
Cap Rate: 4.2
Directions: South of Los Feliz Bl
Source Property Type: Residential Income
Area: Los Feliz
Source Neighborhood: Los Feliz
Owner Pays: Gas, Electricity, Water
Parcel Number: 5589-022-006
Postal Code Plus 4: 1925
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1138814 + $1607742 $2746556 | $34760 |
| 2021 | $1116485 + $1576218 $2692703 | $34223 |
| 2020 | $1105037 + $1560056 $2665093 | $34541 |
| 2019 | $1083370 + $1529467 $2612837 | $33240 |
| 2018 | $1062128 + $1499478 $2561606 | $33138 |
| 2017 | $1041302 + $1470077 $2511379 | $32405 |
| 2016 | $1020885 + $1441252 $2462137 | $31450 |
| 2015 | $1005551 + $1419604 $2425155 | $31013 |
| 2014 | $985854 + $1391796 $2377650 | $31304 |
| 2013 | $981399 + $1385506 $2366905 | $31263 |
| 2012 | $962156 + $1358340 $2320496 | $31724 |
| 2010 | $943291 + $1331706 $2274997 | $31153 |
| 2009 | $938467 + $1324895 $2263362 | $30039 |
| 2009 | $936242 + $1321754 $2257996 | $30039 |
| 2008 | $920066 + $1298917 $2218983 | $28819 |
| 2007 | $902026 + $1273449 $2175475 | $27818 |
$9500000
TheMLSCLAW
Price Changed 2024-01-08
$9975000
TheMLSCLAW
Relisted 2023-11-27
$10250000
TheMLSCLAW
Listing removed 2023-11-15
$10500000
TheMLSCLAW
Relisted 2023-01-26
$10500000
TheMLSCLAW
Listing removed 2022-12-07
$0
TheMLSCLAW
Listed 2022-08-22
$10500000
TheMLSCLAW
Listing removed 2020-07-11
$0
TheMLSCLAW
Relisted 2020-06-18
$9800000
TheMLSCLAW
Listing removed 2020-06-16
$0
TheMLSCLAW
Price Changed 2019-09-17
$9950000
TheMLSCLAW
Listed 2019-08-23
$10500000
TheMLSCLAW
Listing removed 2014-05-09
$1250
WestsideRentals
Listed for rent 2014-05-02
$1250
WestsideRentals
Listing removed 2011-11-30
$3875000
ITECH
Listing removed 2011-11-16
$3875000
TheMLSCLAW
Price Changed 2011-05-13
$3875000
TheMLSCLAW
Listed 2011-05-10
$3875000
ITECH
Listed 2011-05-10
$3990000
TheMLSCLAW
Year Built: 1928
Levels: Three Or More Levels
Living Area Source: Vendor Enhanced
Property Age: 96
Roof: Composition
Levels or Stories: 4
Building Total Stories: 4
House Style: Normandy
Year Built Source: Vendor Enhanced
Architectural Style: Normandy
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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.