$1,550,000 Price Analysis   ♡   Los Angeles, CA 90038 4 bed 4 bath 3,932 SqFt ($394/SqFt) 6,731SqFt lot. Built 1928 Listed 2024-04-27, Taxes $2,553 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great Location!
Four Plex in Prime location North of Melrose. Zoned LAR3 . There are four 1 bdrm + I bthrm units in the Bldg., plus Two garages with one car parking for each unit. All units are occupied. The Bldg. is approx 6792 sq ft. Walk to stores, restaurants and shops. Tree lined St. with parking. With strong current income and future rental upside potential, this proprty offers significant value. All units are separately metered for gas and electrici ty. See DOCS for Rent Roll and Financials. Tenant occupied property shown by the agent .
Inside with accepted offer. Pls do not disturb the Tenants. Seller is selling this property in its present as-is condition and will not be making repairs or improvements. Financial information is provided by Property Owner and not guaranteed by Agent or Seller. Buyer to confirm financial information and property condition through inspections during escrow. This property is covered by City of Los Angeles Rent Control, Buyer to fully investigate. Agent Most of the 4 units have been updated. Recent upgrades include some plumbing, newer electrical in some units. it's worth noting it's location is close to west Hollywood shopping, the Grove and Holywood. Plenty of upside in current rents. The Bldg. has been managed by its owners. , Priced to sell!.
Presented by Richard Chernock at
KW Advisors.
Property MLS #24-385079 from TheMLSCLAW
Bedroom 1 Features: Main Floor Bedroom, WalkInCloset
Full Bathrooms: 4
Bathroom 1 Features: Shower and Tub, Low Flow Shower(s), Low Flow Toilet(s)
Oven
Laundry Facilities: In Unit
Laundry Features: In Unit
Pantry
Kitchen Features: Kitchenette, Pantry
Heating Features: Central, Forced Air
Lot Size Acres: 0.1545225
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6731
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2300, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2300, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2300, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2300
Tenant Pays: Cable TV, Electric, Gas
County: Los Angeles
Cross Street: Van Ness and Melrose
Cap Rate: 3.5
Directions: North of Melrose Ave. on N. Van Ness
Source Property Type: Residential Income
Area: Hollywood
Source Neighborhood: Hollywood
Parcel Number: 5535-002-003
Postal Code Plus 4: 4303
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $87,274 + $71,691 $158,965 | $2,553 |
| 2021 | $85,563 + $70,286 $155,849 | $2,499 |
| 2020 | $84,686 + $69,566 $154,252 | $2,515 |
| 2019 | $83,026 + $68,202 $151,228 | $2,440 |
| 2018 | $81,399 + $66,865 $148,264 | $2,297 |
| 2017 | $79,803 + $65,554 $145,357 | $2,258 |
| 2016 | $78,239 + $64,269 $142,508 | $2,163 |
| 2015 | $77,064 + $63,304 $140,368 | $2,138 |
| 2014 | $75,555 + $62,064 $137,619 | $2,175 |
| 2013 | $75,214 + $61,784 $136,998 | $2,169 |
| 2012 | $73,740 + $60,573 $134,313 | $2,196 |
| 2010 | $72,295 + $59,386 $131,681 | $2,183 |
| 2009 | $71,926 + $59,084 $131,010 | $2,105 |
| 2009 | $71,755 + $58,943 $130,698 | $2,105 |
| 2008 | $70,516 + $57,926 $128,442 | $2,035 |
| 2007 | $69,134 + $56,791 $125,925 | $1,960 |
$1,550,000
TheMLSCLAW
Listed 2024-04-27
$1,350,000
TheMLSCLAW
Sold 1978-05-10
$60,000
Public Record
Year Built: 1928
Building Exterior Type: Hard Coat Stucco
Common Walls: Attached
Direction Faces: West
Entry Location: Ground Level w/steps
Foundation Details: Combination
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 96
Property Condition: No Additions/Alter
Roof: Composition
House Style: Architectural
Year Built Source: Vendor Enhanced
Architectural Style: Architectural
Television: Cable TV
Security Features: Gated, Window Bars
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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.