NOT LISTED FOR SALE

1016 Wilcox Ave Los Angeles, CA 90038

Hollywood Neighborhood
9 Beds
10 Baths
6,918 Sq Ft
6,812 Sq Ft Lot

Last Sold May 30, 2023

Last sale price $2,390,000 $345 Per Sq Ft

39 Days on Market

Highlights

  • Central Heating
  • Gated Home
  • 4-minute walk to Hollywood Recreational Center

About This Home

As of May 2023

We are pleased to present 1016 N Wilcox Avenue, located in the prime Hollywood 90038 zip code. This property presents an exciting value add investment opportunity with low in place current rents & strong upside potential.Existing upgrades include new windows throughout, completed seismic retrofit work, providing added safety and peace of mind for tenants. In addition, on-site laundry facilities make this property an attractive option for renters. Several of the units have already been upgraded with new floors, quartz counter tops, new cabinetry & stainless steel appliances, providing nice appeal for tenants & a head start on improvements for the next owner. The central location of 1016 N Wilcox Avenue is also a major selling point, situated within close proximity to all the popular Hollywood shops, restaurants, businesses, and night life. This convenience factor is sure to be a draw for potential tenants. Furthermore, the area is experiencing an influx of new construction at higher rental costs, which surely will drive value seeking, would be renters to nearby, more affordable residences such as what 1016 N Wilcox offers.

Last Agent to Sell the Property

Glenn Brander

Miller & Desatnik Realty Co. License #01020228 Listed on: 03/09/2023

Last Buyer's Agent

Glenn Brander

Miller & Desatnik Realty Co. License #01020228 Listed on: 03/09/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,812 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 6,918 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5533-014-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6918
  • Lot Acreage: 0.1564
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 353.43

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Central
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 25.93
  • Assessed Improvement Value: 441874
  • Assessed Land Percent: 74.07
  • Assessed Land Value: 1262509
  • Total Assessed Value: 1704383
  • Assessor Parcel Number: 5533-014-014
  • Lot Size Area: 6812

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 13.90
  • Number Of Units: 10
  • Total Annual Expense: 66734
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $2,390,000 -2.2% $345 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $2,445,000 -- $353 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Glenn Brander

    Seller's Agent in 2023

    Glenn Brander

    Miller & Desatnik Realty Co.

    (310) 202-9166

    1 in this area

    31 Total Sales

    Glenn Brander
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Map

Source: The MLS

MLS Number: 23-250105

The MLS
California Los Angeles County Los Angeles 90038 Hollywood

1016 Wilcox Ave, Los Angeles, CA

This home is located at 1016 Wilcox Ave, Los Angeles, CA 90038 since 09 March 2023. This property was built in 1958. 1016 Wilcox Ave is a home located in Los Angeles County with nearby schools including Vine Street Elementary School, Hubert Howe Bancroft Middle School, and Fairfax High School.

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