NOT LISTED FOR SALE
10 Beds
12 Baths
8,956 Sq Ft
7,379 Sq Ft Lot Lot

Sale Details

Date Sold: September 11, 2019

Last sale price $4,625,000 $516 Per Sq Ft

13 Days on Market

Highlights

  • Attached Carport
  • Ceiling Fan
  • 1-minute walk to Los Angeles National Veterans Park
  • Brentwood Science Magnet Rated 9+

About This Home

As of September 2019

An extremely unique offering, 11622 Gorham Avenue is an incredible turnkey asset on the best street in the coveted community of Brentwood. This 10 unit building has been well maintained, and consists of an excellent unit mix of 2 bedroom, 1 bedroom and studio units. Each unit offers dynamite floorplans flooded with natural light, large kitchens, and private balconies/patios, and some offer vaulted ceilings. With rents averaging only $2.57/SF, there is tremendous rental upside. Nestled just north of San Vicente Blvd. in an irreplaceable part of Brentwood, 11622 Gorham Avenue is just steps away from the heart of Brentwood's culinary scene and entertainment venues. Available for the first time to purchase in over 4 decades, this highly sought after asset presents the astute investor with the unique opportunity to capitalize on some of the highest rental rates in Los Angeles.

Last Agent to Sell the Property

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 06/27/2019

Last Buyer's Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 06/27/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,379 Sq Ft Lot

Interior Spaces

  • 8,956 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 12 Bathrooms

Parking

  • 14 Parking Spaces
  • Attached Carport
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4401-021-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,379 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 8956
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 12.00
  • Equipment: Ceiling Fan, Dishwasher, Range/Oven, Refrigerator, Trash Compactor
  • Price Per S Q F T: 530.37

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned, Carport Attached, Covered Parking
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 227807
  • Assessed Land Value: 172715
  • Assessor Parcel Number: 4401-021-012
  • Geocode Override: No
  • Lot Size Area: 7379

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.64
  • Number Of Units: 10
  • Type Of Units: 2s,1s,S
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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 List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $4,625,000 -2.6% $516 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $4,750,000 -- $530 / 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 $61,577 $5,058,110 $3,280,937 $1,777,173
2024 $60,874 $4,958,932 $3,216,605 $1,742,327
2023 $59,696 $4,861,699 $3,153,535 $1,708,164
2022 $56,929 $4,766,372 $3,091,701 $1,674,671
2021 $56,222 $4,672,915 $3,031,080 $1,641,835
2019 $32,316 $2,643,354 $2,182,155 $461,199
2018 $6,042 $410,332 $176,169 $234,163
2016 $5,657 $392,670 $169,329 $223,341
2015 $5,587 $386,773 $166,786 $219,987
2014 $5,674 $379,197 $163,519 $215,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-482760

The MLS
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