NOT LISTED FOR SALE

1047 N Stanley Ave West Hollywood, CA 90046

12 Beds
13.5 Baths
7,854 Sq Ft
6,477 Sq Ft Lot

Last Sold November 17, 2016

Last sale price $2,795,000 $356 Per Sq Ft

56 Days on Market

About This Home

As of November 2016

We are pleased to present for sale 1047 North Stanley Avenue located in the heart of West Hollywood, California. Located just south of Santa Monica Boulevard and a few blocks east of Fairfax, this two-story building provides excellent access to The Grove, the famed Sunset Strip and multiple cultural attractions. Additionally, 1047 North Stanley is just minutes from Hollywood, Beverly Hills and the 10 and 405 Freeways. 1047 North Stanley Avenue is a ten-unit building offering a desirable unit mix of one and two-bedroom units. This property includes ample subterranean parking, and on-site laundry facilities. A new boiler was installed in the last few years and four units have been remodeled. The property is subject to rent control but a long-term holder will recognize that there is significant rental upside.

Last Agent to Sell the Property

Sam Liberow

Marcus & Millichap License #01933858 Listed on: 08/25/2016

Last Buyer's Agent

Sam Liberow

Marcus & Millichap License #01933858 Listed on: 08/25/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,477

Interior Spaces

  • 7,854 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 13.5 Bathrooms

Parking

  • 10 Parking Spaces
  • Covered Parking

Additional Features

  • 6,477 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 10 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5530-016-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7854
  • Price Per Unit: 309500.00
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 13.50
  • Den: 0
  • Price Per S Q F T: 394.07

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 10

Utilities

  • Cooling: Wall/Window
  • Electric Expense: 3500.00
  • Water Expense: 3500.00

Fee Information

  • Gas Expense: 500.00
  • Insurance Expense: 2749.00
  • Maintenance Expense: 7105.00
  • Management Expense: 7105.00
  • Trash Expense: 1200.00

Lot Info

  • Assessed Improvement Value: 688486
  • Assessed Land Value: 1325974
  • Assessor Parcel Number: 5530-016-025
  • Geocode Override: No
  • Lot Size Area: 6477

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 17.42
  • Number Of Units: 10
  • Rent Control: 10
  • Total Annual Expense: 65139
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 36179.00

Range of Values:

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Average Value
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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
11/17/2016 11/17/16 Sold $2,795,000 -9.7% $356 / Sq Ft
10/20/2016 10/20/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $3,095,000 -- $394 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sam Liberow

    Seller's Agent in 2016

    Sam Liberow

    Marcus & Millichap

    (718) 406-3128

    13 in this area

    57 Total Sales

    Sam Liberow
    Section Image
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Map

Source: The MLS

MLS Number: 16-156594

The MLS
California Los Angeles County West Hollywood 90046

1047 N Stanley Ave, West Hollywood, CA

This home is located at 1047 N Stanley Ave, West Hollywood, CA 90046 since 25 August 2016. This property was built in 1959. 1047 N Stanley Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Larchmont Charter School.

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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.
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