Seller's Agent in 2019
Rick Raymundo
Marcus & Millichap
(818) 219-6146
3 in this area
68 Total Sales
11565 Riverside Dr Los Angeles, CA 91602
14
Beds
16
Baths
7,500
Sq Ft
6,098
Sq Ft Lot
Highlights
- Tandem Parking
- North Hollywood Senior High School Rated A
- Central Heating and Cooling System
About This Home
As of May 2019We are pleased to announce the sale of 11565 Riverside Drive, a seven-unit multifamily property that was constructed in 2000 and is therefore not subject to Los Angeles rent control. Consisting entirely of two bedroom townhouse-style units, each well-appointed townhouse includes its own in-unit washer and dryer, as well as central air and heat, fireplace, and wood flooring. Rarely does a non-rent control property present such immediate rent upside, but this fully-occupied property contains a tenant base that has resided in the building for an average of nearly seven years, and current rents are approximately 39% below those of similar properties in the area.With 7,500 rentable square feet spread over the seven units, the building's large floorplans and ample parking - with two tandem parking spaces allocated to each unit - may help the new owner to command higher rents. Each unit includes its own individual water heater, several of which have been recently replaced.
Last Agent to Sell the Property
Marcus & Millichap License #01357019 Listed on: 05/01/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2000
Lot Details
- 6,499
Interior Spaces
- 7,500 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 16 Bathrooms
Parking
- 14 Parking Spaces
- Tandem Parking
Additional Features
- 6,499 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 2354-011-038
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2019 05/06/19 | Sold | $2,800,000 | -3.6% | $373 / Sq Ft |
| 05/01/2019 05/01/19 | For Sale | $2,905,000 | -- | $387 / Sq Ft |
Source: The MLS
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 | $36,671 | $3,015,243 | $1,308,501 | $1,706,742 |
| 2024 | $36,671 | $2,956,122 | $1,282,845 | $1,673,277 |
| 2023 | $35,967 | $2,898,160 | $1,257,692 | $1,640,468 |
| 2022 | $34,310 | $2,841,334 | $1,233,032 | $1,608,302 |
| 2021 | $35,046 | $2,885,587 | $1,154,235 | $1,731,352 |
| 2019 | $9,480 | $2,007,423 | $1,274,557 | $732,866 |
| 2018 | $24,557 | $1,968,063 | $1,249,566 | $718,497 |
| 2016 | $22,964 | $1,891,643 | $1,201,045 | $690,598 |
| 2015 | $22,628 | $1,863,230 | $1,183,005 | $680,225 |
| 2014 | $22,682 | $1,826,733 | $1,159,832 | $666,901 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Raymundo
Map
Source: The MLS
MLS Number: 19-461630
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© 2026 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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