$1,985,000 Price Analysis   ♡   Los Angeles, CA 90004 Unknown bed None bath 7,918 SqFt ($250/SqFt) 7,493SqFt lot. Built 1961 Listed 2024-05-03, Taxes $19,753 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Well-maintained building with significant value-add opportunity - basts an attractive unit mix with tremendous upside in rents to maximize ROI.
Property is fully occupied, with all tenants on a month-to-month lease. It can be reverted to 10 units, as the single 2bd/2ba unit has two electrical meters - was originally two separate 1bd/1ba units.
Has a common laundry area that provides extra income and one on-site parking space allocated to each unit. Located in the Melrose Hill area adjacent to Larchmont, the property is perfectly situated to provide easy access to Central and West Hollywood, Downtown Los Angeles and Koreatown.
Presented by Shant Dimijian at
Berkshire Hathaway Home Services.
Property MLS #PF24088694 from CRMLS
Lot Size Acres: 0.1720156
Lot Size Source: Assessor
Lot Size Square Feet: 7493
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 12
Gardener Expense: 850.00
Maintenance Expense: 5140.00
Vacancy Allowance: 4410
Rent Control: Yes
County: Los Angeles
Other Expense: 2165.00
Source Property Type: Residential Income
Insurance Expense: 9583.00
Area: C20 - Hollywood
Source Neighborhood: C20 - Hollywood
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 5521011001
Pest Control Expense: 960.00
Trash Expense: 7127.00
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $441,874 + $1,136,257 $1,578,131 | $19,753 |
| 2021 | $433,210 + $1,113,978 $1,547,188 | $19,479 |
| 2020 | $428,768 + $1,102,556 $1,531,324 | $19,666 |
| 2019 | $420,361 + $1,080,938 $1,501,299 | $18,919 |
| 2018 | $412,119 + $1,059,744 $1,471,863 | $18,764 |
| 2017 | $404,039 + $1,038,965 $1,443,004 | $18,330 |
| 2016 | $396,117 + $1,018,594 $1,414,711 | $17,857 |
| 2015 | $390,167 + $1,003,294 $1,393,461 | $17,606 |
| 2014 | $382,525 + $983,641 $1,366,166 | $17,720 |
| 2013 | $380,797 + $979,196 $1,359,993 | $17,705 |
| 2012 | $373,331 + $959,997 $1,333,328 | $17,939 |
| 2010 | $366,011 + $941,174 $1,307,185 | $17,493 |
| 2009 | $364,140 + $936,360 $1,300,500 | $16,862 |
| 2009 | $363,276 + $934,140 $1,297,416 | $16,862 |
| 2008 | $357,000 + $918,000 $1,275,000 | $16,160 |
| 2007 | $206,491 + $258,114 $464,605 | $6,395 |
$1,985,000
CRMLS
Sold 2007-02-21
$1,250,000
ITECH
Listed 2006-11-20
$1,330,000
ITECH
Sold 2000-01-19
$405,000
Public Record
Listing removed 1999-07-16
$365,000
ITECH
Listed 1998-08-04
$365,000
ITECH
Sold 1988-11-16
$550,000
Public Record
Year Built: 1961
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 63
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: 5000.00
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.