
1129 Lodi Place Los Angeles, CA 90038
Hollywood NeighborhoodHighlights
- Tandem Parking
- Laundry Room
- Zoned Heating and Cooling
About This Home
As of June 2024Huge 700k Price Reduction! 8-unit building with 7 fully renovated units in Prime Hollywood cash flowing at an incredible Current Cap Rate of 6.1% and 11.9 GRM from day 1! The 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements (4 vacant). The unit mix provides unparalleled versatility, including 2 spacious (2bed/3bath) units ideal for families, as well as 6 modern (1bed/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. Furthermore, there's an additional upside to 6.9% Cap Rate and 10.7 GRM on proforma. The property is located in the heart of the Hollywood entertainment industry just minutes away from Netflix studios, Paramount Studios, and Netflix Corporate office. Located just steps away from the world-famous Sunset Blvd, the property offers close proximity to neighborhood attractions, restaurants, bars, and shops such as the Hollywood Walk of Fame, Highlight Room, TAO, Bar-Lis, Dream Hotel, Thompson Hotel, and many more popping up all around the area.
Last Agent to Sell the Property
Global Platinum Properties, Inc. License #01911261 Listed on: 05/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,321
Year Built
- Built in 1953
Interior Spaces
- 5,212 Sq Ft Home
- 2-Story Property
- Oven or Range
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 12 Bathrooms
Parking
- 8 Parking Spaces
- Carport
- Tandem Parking
- Assigned Parking
Additional Features
- 6,766 Sq Ft Lot
- Zoned Heating and Cooling
Community Details
- 2 Buildings
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5534-007-017
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $2,800,000 | Commonwealth Land Title Compan | |
Grant Deed | -- | Chicago Title | |
Grant Deed | $1,374,500 | Equity Title Company | |
Quit Claim Deed | -- | None Available |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $1,800,000 | New Conventional | |
Previous Owner | $1,768,770 | New Conventional | |
Previous Owner | $1,168,164 | Commercial |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/02/2025 04/02/25 | Rented | $2,395 | 0.0% | -- |
03/09/2025 03/09/25 | Price Changed | $2,395 | -4.0% | $4 / Sq Ft |
02/04/2025 02/04/25 | For Rent | $2,495 | 0.0% | -- |
06/21/2024 06/21/24 | Sold | $2,810,000 | -9.4% | $539 / Sq Ft |
05/21/2024 05/21/24 | Pending | -- | -- | -- |
05/13/2024 05/13/24 | For Sale | $3,100,000 | -- | $595 / Sq Ft |
Tax History Compared to Growth
Tax History
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 | $20,321 | $1,634,540 | $743,792 | $890,748 |
2024 | $20,321 | $1,602,491 | $729,208 | $873,283 |
2023 | $19,943 | $1,571,070 | $714,910 | $856,160 |
2022 | $17,401 | $1,401,786 | $700,893 | $700,893 |
2021 | $17,174 | $1,374,300 | $687,150 | $687,150 |
2020 | $6,367 | $446,320 | $222,860 | $223,460 |
2019 | $6,149 | $437,582 | $218,491 | $219,091 |
2018 | $6,041 | $429,014 | $214,207 | $214,807 |
2016 | $5,706 | $411,780 | $205,890 | $205,890 |
2015 | $5,633 | $405,596 | $202,798 | $202,798 |
2014 | $5,698 | $397,652 | $198,826 | $198,826 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Geoff Jaime
GT Investments
(310) 704-6677
1 in this area
16 Total Sales
-
Seller's Agent in 2024
Julio Ruiz
Global Platinum Properties, Inc.
(818) 524-0706
2 in this area
45 Total Sales
-
Seller Co-Listing Agent in 2024
Armin Soleimani
Global Platinum Properties, Inc.
(310) 666-2246
2 in this area
57 Total Sales
Map
Source: The MLS
MLS Number: 24-391925

APN: 5534-007-017
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