NOT LISTED FOR SALE
9 Beds
12 Baths
7,884 Sq Ft
7,117 Sq Ft Lot

Sale Details

Date Sold: November 9, 2022

Last sale price $5,650,000 $717 Per Sq Ft

21 Days on Market

About This Home

As of November 2022

We are pleased to present 11027-11037 Strathmore Drive, a 12-unit Spanish Colonial Revival courtyard style apartment located in the heart of Westwood (90024) and just 2 blocks from the UCLA campus. 11027 Strathmore Drive, built in 1939, has been owned and operated by the same family for more than 50 years and offers the next steward of this asset a rare opportunity to acquire an architectural income property which can be operated as student housing, corporate short-term rentals (30 day +) or as a traditional rental property. Two units will be delivered vacant at the close of escrow allowing for an owner-user to occupy a unit in one of the strongest and most stable rental markets with historically low vacancy and long-term appreciation. The Westwood Village submarket continues to be one of the most desirable neighborhoods in Los Angeles. An exceptional unit composition consists of SEVEN (7) One Bedroom | One Bathrooms, FOUR (4) Single Units, and ONE (1) Two Bedroom | One Bathroom for a total of 12 units. The asset, built in 1939, was designed by Joseph J. Rees and consists of 7,884 SF on a prominent 7,127 SF parcel with R4 Zoning. Rees designed or engineered over 100 buildings in the Los Angeles area including historical monuments such as The Sycamore Chateau, The Fine Arts Cinema in Beverly Hills, The Selma Las Palmas Courtyard Apartments, and much more.Common areas consist of a beautiful courtyard with trees that provide shade on a sunny day or refuge from the rain. Adding delight to this building are the separate private patios associated with a few of the units. Parking is provided for 8 vehicles.

Last Agent to Sell the Property

Archie Robb

Keller Williams Realty La Canada Flintridge License #02002291 Listed on: 10/17/2022

Keller Williams Realty La Canada Flintridge

Co-Listed By

Rich Johns

KW Commercial Studio City License #01432215

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,117 Sq Ft Lot

Interior Spaces

  • 7,884 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 12 Bathrooms

Parking

  • 8 Parking Spaces
  • Attached Carport

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 4363-015-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

7,117 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7884
  • Lot Acreage: 0.1634
  • Stories: 2
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 919.58

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 46.12
  • Assessed Improvement Value: 140215
  • Assessed Land Percent: 53.88
  • Assessed Land Value: 163775
  • Total Assessed Value: 303990
  • Assessor Parcel Number: 4363-015-014
  • Lot Size Area: 7117

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 26.21
  • Number Of Units: 12
  • Type Of Units: Residential

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Oct 31, 2022
Sold by
Bought by
Seller's Agent
Archie Robb
Keller Williams Realty La Canada Flintridge
Buyer's Agent
Outside Agent
List Price
$7,250,000
Sold Price
$5,650,000
Premium/Discount to List
-$1,600,000
-22.07%
Views
12

Purchase Details

Closed on
Jun 29, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,650,000 Lawyers Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/09/2022 11/09/22 Sold $5,650,000 -22.1% $717 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $7,250,000 -- $920 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $71,320 $5,878,260 $4,109,580 $1,768,680
2024 $70,552 $5,763,000 $4,029,000 $1,734,000
2023 $69,184 $5,650,000 $3,950,000 $1,700,000
2022 $4,871 $303,990 $163,775 $140,215
2021 $4,767 $298,030 $160,564 $137,466
2019 $4,654 $290,872 $155,802 $135,070
2018 $4,552 $285,203 $152,748 $132,455
2016 $4,246 $272,515 $146,817 $125,698
2015 $4,198 $268,422 $144,612 $123,810
2014 $4,293 $263,165 $141,780 $121,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-209665

The MLS
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