$3895000 Price Analysis   ♡   Los Angeles, CA 90038 11 bed 9 bath 8784 SqFt ($443/SqFt) 7252SqFt lot. Built 1924 Listed 2024-06-21, Taxes $22049 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to exclusively offer for sale The Siegel
A beautifully expanded and remodeled 9 unit corner lot multi-family property located steps from several illustrious Hollywood Studios as well as nearby historic and famous Hancock Park. The Siegel offers an investor a stabilized, strong income stream of over $313, 000 in annual gross income and a $221, 235 net operating income, delivering a new owner a Day 1 cap rate of 5.7% and a 12.4 GRM.
Comprised of an excellent mix of large 1 and 2 bedroom units, plus one studio unit, The Siegel is perfectly stuated on a charming tree-lined street, featuring a mix of multi-million dollar single family homes and well manicured duplex properties along Las Palmas Avenue. Many of these units at The Siegel have been renovated to include high end appliances, washer/dryer hookups, hardwood floors, recessed lighting, high end kitchen and bathrooms. This is truly one of the best 9 unit multi-family investment offerings in one of the strongest multi-family markets in Southern California.
Presented by Dana Brody at
Dana Brody.
Property MLS #24-406797 from TheMLSCLAW
Full Bathrooms: 9
Laundry Features: In Unit
Heating Features: Combination
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7252
Parking Total: 5
Other Equipment: Dishwasher, Garbage Disposal, Microwave, Gas Dryer Hookup, Stackable W/D Hookup, Range/Oven
Security Features: Gated
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 2200, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 8400, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 7400, 4 BedsTotal: 2, 4 BathsTotal: 1.5, 4 SquareFeet: 7400, 5 BedsTotal: 2, 5 BathsTotal: 2, 5 SquareFeet: 3800
Tenant Pays: Gas, Electric
Vacancy Allowance: 9396
County: Los Angeles
Cap Rate: 5.7
Directions: Melrose to Las Palmas turn right, SW corner of Willoughby and Las Palmas
Source Property Type: Residential Income
Area: Hollywood
Source Neighborhood: Hollywood
Owner Pays: Water, Gardener
Parcel Number: 5524-005-001
Postal Code Plus 4: 2403
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $420470 + $1366531 $1787001 | $22049 |
| 2021 | $412226 + $1339737 $1751963 | $21760 |
| 2020 | $408000 + $1326000 $1734000 | $21974 |
| 2019 | $158090 + $272525 $430615 | $5871 |
| 2018 | $154991 + $267182 $422173 | $5747 |
| 2017 | $151952 + $261944 $413896 | $5636 |
| 2016 | $148973 + $256808 $405781 | $5440 |
| 2015 | $146736 + $252951 $399687 | $5368 |
| 2014 | $143862 + $247997 $391859 | $5427 |
| 2013 | $143212 + $246877 $390089 | $5421 |
| 2012 | $140404 + $242037 $382441 | $5493 |
| 2010 | $137651 + $237292 $374943 | $5624 |
| 2009 | $136948 + $236079 $373027 | $5427 |
| 2009 | $136623 + $235519 $372142 | $5427 |
| 2008 | $134263 + $231450 $365713 | $5227 |
| 2007 | $131631 + $226912 $358543 | $5045 |
$3895000
TheMLSCLAW
Listing removed 2024-06-01
$0
TheMLSCLAW
Price Changed 2024-04-12
$3999999
TheMLSCLAW
Price Changed 2024-02-26
$4300000
TheMLSCLAW
Price Changed 2024-01-10
$4499999
TheMLSCLAW
Listed 2023-12-13
$4500000
TheMLSCLAW
Sold 2022-06-24
$2165000
TheMLSCLAW
Listing removed 2021-11-11
$0
TheMLSCLAW
Listed 2021-09-03
$2490000
TheMLSCLAW
Sold 2019-02-19
$1700000
Public Record
Listing removed 2007-04-18
$1450000
ITECH
Listed 2007-01-17
$1450000
ITECH
Sold 1987-11-20
$430000
Public Record
Sold 1981-01-30
$250000
Public Record
Year Built: 1924
Direction Faces: East, North
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 100
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.