$2,295,000 Price Analysis   ♡   Los Angeles, CA 90069 7 bed 5 bath 4,167 SqFt ($550/SqFt) 7,262SqFt lot. Built 1939 Listed 2024-05-01, Taxes $4,798 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
First time on the market in 50 years
* Has Contingent Offer *This charming traditional 4-unit apartment building is for sale. Built in 1938, this property contains a tremendous unit mix of two (2) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit and one (1) three-bedroom / two-bathroom unit. The two-bedroom unit features a roomy balcony off one bedroom and another balcony off the living room. This coveted neighborhood is adjacent to West Hollywood, close to La Cienega Boulevard, Melrose Place and Melrose Avenue. This vibrant neighborhood has easy access to restaurants, coffee, shopping and entertainment; and has a Walk Score of 92. The building nd units have been owned by one person for the past fifty years and have been lovingly maintained. Residents enjoy this quiet, tranquil oasis with multiple outdoor areas brimming with pleasing flowers and trees, making this building well-known in the area. The landscaping and sprinkler system have been upgraded and the building trim and garage doors have been recently painted. The owner has spent over $90, 000 in the past 12 months, renovating a vacant unit and replacing older plumbing under the property. Each unit has a one-car garage, wall/window AC, tankless water heaters and washer/dryer units. The vacant unit was remodeled with a new kitchen, all new appliances, carpet and blinds. Other units have all been upgraded at various times, as two were owner residences. The tenants pay for gas, electricity and cable. The property across the street recently replaced their garages with another unit - Let's see if there is potential here!
Buyer to verify. This pretty and well-maintained income property will provide new owners with an easy transition for a stable asset. PLEASE DO NOT DISTURB TENANTS!!
Presented by Andrea Gressinger at
KW Advisors.
Property MLS #24-385329 from TheMLSCLAW
Full Bathrooms: 5
Laundry Features: In Unit
Heating Features: Floor Furnace
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7262
Garage Description: Garage Is Detached
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2500, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3700, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2500
County: Los Angeles
Cross Street: Near La Cienega Blvd. and Melrose Place
Directions: 8417 Waring is about 2.5 blocks east of La Cienega Blvd. and about 1.5 blocks north of Melrose Place and Melrose Ave.
Source Property Type: Residential Income
Area: West Hollywood Vicinity
Source Neighborhood: West Hollywood Vicinity
Parcel Number: 5529-003-021
Postal Code Plus 4: 5309
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $161,735 + $197,444 $359,179 | $4,798 |
| 2021 | $158,564 + $193,573 $352,137 | $4,715 |
| 2020 | $156,939 + $191,589 $348,528 | $4,755 |
| 2019 | $153,862 + $187,833 $341,695 | $4,585 |
| 2018 | $150,846 + $184,150 $334,996 | $4,502 |
| 2017 | $147,889 + $180,540 $328,429 | $4,414 |
| 2016 | $144,990 + $177,000 $321,990 | $4,271 |
| 2015 | $142,813 + $174,342 $317,155 | $4,214 |
| 2014 | $140,016 + $170,927 $310,943 | $4,255 |
| 2013 | $139,384 + $170,155 $309,539 | $4,250 |
| 2012 | $136,651 + $166,819 $303,470 | $4,306 |
| 2010 | $133,972 + $163,549 $297,521 | $4,243 |
| 2009 | $133,287 + $162,713 $296,000 | $4,088 |
| 2009 | $132,971 + $162,327 $295,298 | $4,088 |
| 2008 | $130,674 + $159,523 $290,197 | $3,929 |
| 2007 | $128,112 + $156,396 $284,508 | $3,790 |
$2,295,000
TheMLSCLAW
Sold 1977-12-23
$165,000
Public Record
Year Built: 1939
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 85
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.