$2450000 Price Analysis   ♡   Los Angeles, CA 90027 9 bed 9 bath 5388 SqFt ($454/SqFt) 6711SqFt lot. Built 1923 Listed 2024-05-24, Taxes $26101 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
4214 Sunset Drive is an 8-unit courtyard apartment community located in the Los Feliz sub-market.
The offering offers investors a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation. 4214 Sunset Drive is a quintessential courtyard apartment community that consists of eight units in three separate buildings in the red-hot Los Feliz submarket. The unit layout consists of four (4) 1-Bedroom/1-Bathroom units, three (3) larger 1-Bedroom/1-Bathroom units (at the rear of the property) and one (1) 2-Bedroom/2-Bathroom unit. Residents are welcomed to a quiet and open courtyard replete with mature landscaping. The common areas can be taken to a new level and provide an urban oasis.
Current ownership has conducted a top-to-bottom remodel of one rear unit, creating a open two-bedroom apartmen t. Upgrades include new hardwood floors, updated kitchen and bathrooms, new stainless steel appliances, modern fixtures and lighting, designer tiles in the kitchen and bathroom and an in-unit washer/dryer. The remodeled unit is a proven path to achieve strong rents when units turnover. Additionally, one unit will be delivered vacant at the close of escrow, allowing the new owner to achieve market rent. Los Feliz is a premier rental destination in Los Angeles nd commands rents comparable to many Westside and beach communities. Los Feliz attracts young and diverse residents who appreciate all the unique experiences, hippest restaurants and destinations in the immediate area. 4214 Sunset Drive is a short walk from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles.
Presented by Nick Astrupgaard at
KW Commercial Studio City.
Property MLS #24-396177 from TheMLSCLAW
Full Bathrooms: 9
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6711
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 3600, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 20800
County: Los Angeles
Cap Rate: 4.6
Directions: Sought-after rental location off Sunset Blvd in between Los Feliz and Silver Lake
Source Property Type: Residential Income
Area: Los Feliz
Source Neighborhood: Los Feliz
Parcel Number: 5430-031-019
Postal Code Plus 4: 1529
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $538000 + $1612000 $2150000 | $26101 |
| 2021 | $71092 + $56598 $127690 | $2502 |
| 2020 | $70364 + $56018 $126382 | $2512 |
| 2019 | $68985 + $54920 $123905 | $2450 |
| 2018 | $67633 + $53844 $121477 | $2344 |
| 2017 | $66307 + $52789 $119096 | $2263 |
| 2016 | $65007 + $51754 $116761 | $2153 |
| 2015 | $64031 + $50977 $115008 | $2132 |
| 2014 | $62777 + $49979 $112756 | $2194 |
| 2013 | $62494 + $49754 $112248 | $2184 |
| 2012 | $61269 + $48779 $110048 | $1910 |
| 2010 | $60068 + $47823 $107891 | $2108 |
| 2009 | $59762 + $47579 $107341 | $2044 |
| 2009 | $59620 + $47466 $107086 | $2044 |
| 2008 | $58591 + $46647 $105238 | $1987 |
| 2007 | $57443 + $45733 $103176 | $1908 |
$2450000
TheMLSCLAW
Sold 2021-09-01
$2150000
TheMLSCLAW
Sold 1988-09-30
$215000
Public Record
Sold 1971-12-31
$38000
Public Record
Year Built: 1923
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 101
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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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.