NOT LISTED FOR SALE

10405 Louisiana Ave Los Angeles, CA 90025

West Los Angeles Neighborhood
18 Beds
18 Baths
11,998 Sq Ft
0.3 Acres

Last Sold January 25, 2019

Last sale price $4,900,000 $408 Per Sq Ft

62 Days on Market

About This Home

As of January 2019

10405 Louisiana Avenue presents a rare opportunity to acquire a prime 16 unit development opportunity (Buyer to verify) located in one of the best rental locations in prime West Los Angeles. A short stroll to Century City, the property currently consists of a 10 unit apartment building built in 1952 consisting of 80% two bedroom units and 11,998 total square feet. There is significant rental upside upwards of 100%, as current rents average only $1.37 per square foot. The property is situated on a very large 13,231 square foot lot zoned R3-1. There is no Q condition in place, and the site is not located in the preliminary fault rupture study (per Zimas). By right, current zoning allows for a 16 unit development. Condominiums in the immediate vicinity have sold for well over $800 per square foot, and rental rates have exceed over $4 per square foot. This affluent location commands a high end development project that sets market comparables.

Last Agent to Sell the Property

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 11/08/2018

Remax Commercial and Investment Realty

Last Buyer's Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 11/08/2018

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.3 Acre Lot

Interior Spaces

  • 11,998 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4317-012-061

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11998
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 18.00
  • Den: 0
  • Price Per S Q F T: 457.99

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 209123
  • Assessed Land Value: 217572
  • Assessor Parcel Number: 4317-012-061
  • Geocode Override: No
  • Lot Size Area: 13231

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 27.56
  • Number Of Units: 10
  • Rent Control: 100%
  • Total Annual Expense: 106149
  • Type Of Units: 1s,2s
  • Vacancy Rate: 5981

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/25/2019 01/25/19 Sold $4,900,000 -10.8% $408 / Sq Ft
01/09/2019 01/09/19 Pending -- -- --
11/08/2018 11/08/18 For Sale $5,495,000 -- $458 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Taksa

    Seller's Agent in 2019

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    6 in this area

    77 Total Sales

    Jonathan Taksa
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-405676

The MLS
California Los Angeles County Los Angeles 90025 West Los Angeles

10405 Louisiana Ave, Los Angeles, CA

This home is located at 10405 Louisiana Ave, Los Angeles, CA 90025 since 08 November 2018. This property was built in 1952. 10405 Louisiana Ave is a home located in Los Angeles County with nearby schools including Daniel Webster Middle School, Westwood Charter School, and Ralph Waldo Emerson Community Charter Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes