$2,299,000
PENDING $196K PRICE DROP

Estimated payment $14,826/month

Total Views 1,977
8 Beds
8 Baths
5,294 Sq Ft
$434 Price per Sq Ft

About This Home

Pride of ownership, this 6 unit building consists of two 2/2, and four 1/1 units. It is located near the Olympic-Robertson area, just west of La Cienega Blvd. This area is highly desirable as tenants are easy to find. The building has been professionally maintained with a majority of the units collecting top of market rental income. Most of the units have real hardwood floors, shaker cabinets, granite countertops, updated kitchens, bathrooms, and closets. Additionally, the plumbing, sewer lines and electrical lines have been updated. Also, it has 6 covered parking spaces with storage in the back, and a community laundry room, with space for possible ADU/addition. The building currently has a 13.47 GRM and 4.7% Cap Rate.

Listing Agent

Joe Delagarza

The Collective Realty License #00832730 Listed on: 05/20/2025

The Collective Realty

Co-Listing Agent

Ken Dennis

The Collective Realty License #02097826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Parking

  • Carport

Interior Spaces

  • 5,294 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • 7,055 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4332-020-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5294
  • Lot Acreage: 0.1620
  • Probate: No
  • Year Built: 1954
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven, Microwave, Refrigerator
  • Price Per S Q F T: 434.27

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 43.29
  • Assessed Improvement Value: 160613
  • Assessed Land Percent: 56.71
  • Assessed Land Value: 210444
  • Total Assessed Value: 371057
  • Assessor Parcel Number: 4332-020-008
  • Lot Size Area: 7055

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.47
  • Number Of Units: 6
  • Total Annual Expense: 62594
  • Type Of Units: apartments
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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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
07/28/2025 07/28/25 Pending -- -- --
07/09/2025 07/09/25 Price Changed $2,299,000 -7.9% $434 / Sq Ft
05/20/2025 05/20/25 For Sale $2,495,000 -- $471 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25541629

The MLS