$1,795,000
SOLD OCT 5, 2022
10 Beds
10 Baths
6,467 Sq Ft
8,178 Sq Ft Lot

Recently Sold

$278 Per Sq Ft

8% Below List Price

175 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Resident Manager or Management On Site
  • South Facing Home
  • North Hollywood Senior High School Rated A

About This Home

As of October 2022

What a great investment opportunity! This 8-unit apartment building is a good prospect and investment to add to your portfolio. Located in prime North Hollywood, Mid Century in style, this 60s-built complex could use some TLC and modern renovations to bring it back to life. Opportunities like this don't come along that often. It is well priced and is a sound investment for the future. Come, see it for yourself. The building comprises six (6) one-bedroom units & Two (2) two bedrooms units. Hurry this won't last.

Last Agent to Sell the Property

Michael mersola

Keller Williams Realty Los Feliz License #01503186 Listed on: 01/05/2022

Keller Williams Realty Los Feliz

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,178 Sq Ft Lot
  • South Facing Home

Home Design

  • Midcentury Modern Architecture
  • Fixer Upper

Interior Spaces

  • 6,467 Sq Ft Home
  • 2-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Driveway
  • Assigned Parking

Location

  • City Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Overhead Utilities
  • Property is located within a water district
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gas, water, gardener, electricity
  • Assessor Parcel Number 2322-020-035

Community Details

Overview

  • 8 Buildings
  • 8 Units

Additional Features

  • Rent Control
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: What a great investment opportunity? Well, this 8 unit apartment building is a good prospect and investment to add to your portfolio. Located in prime North Hollywood, Mid Century in style, this 60s built complex could use some TLC and modern renovations to bring it back to life. Opportunities like this don't come along that often. It is well priced, is a sound investment for the future. Come, see it for yourself.
  • Alley: No
  • Living Area: 6467
  • Lot Acreage: 0.1877
  • Probate: No
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 0
  • Number Disposal: 8
  • Number Range: 8
  • Number Refrigerator: 8
  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Equipment: Garbage Disposal, Cable
  • Price Per S Q F T: 286.07

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Number Patio: 0
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Carport Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Covered Parking, Assigned, Driveway
  • Total Parking: 8

Utilities

  • Water District: LA DWP
  • Water Heater: Central Water Heater, Gas
  • Cooling: Wall Unit(s)
  • Electric Expense: 5000.00
  • Heating: Wall Gas
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Water Meters: 0
  • Security: Resident Manager
  • Sewer: In Street
  • Water: District
  • Water Expense: 5000.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 300.00
  • Insurance Expense: 3115.00
  • Trash Expense: 4701.00

Lot Info

  • Assessed Improvement Percent: 55.15
  • Assessed Improvement Value: 225689
  • Assessed Land Percent: 44.85
  • Assessed Land Value: 183558
  • Total Assessed Value: 409247
  • Assessor Parcel Number: 2322-020-035
  • Lot Description: Resident Manager, No Landscaping, Single Lot, Utilities - Overhead
  • Lot Location: City
  • Lot Size Area: 8178

Rental Info

  • Number Leased: 8
  • Garage Rental Rate: 0
  • Land Lease Type: Fee
  • Owner Pays: Gas, Water, Gardener, Electricity
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Number Of Units: 8
  • Number Wall A C: 8
  • Rent Control: 8
  • Total Annual Expense: 0
  • Type Of Units: Apartments
  • Vacancy Allow: 0
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No
  • Tax Percent: 1.25
  • Tax Rate Year: 2021

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Range of Values:

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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
06/09/2025 06/09/25 For Sale $1,995,000 +11.1% $308 / Sq Ft
10/05/2022 10/05/22 Sold $1,795,000 -3.0% $278 / Sq Ft
07/28/2022 07/28/22 Price Changed $1,850,000 -2.6% $286 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/16/2022 06/16/22 Price Changed $1,900,000 -2.6% $294 / Sq Ft
06/10/2022 06/10/22 Price Changed $1,950,000 +5.4% $302 / Sq Ft
06/10/2022 06/10/22 Price Changed $1,850,000 -5.1% $286 / Sq Ft
06/09/2022 06/09/22 For Sale $1,950,000 0.0% $302 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $1,950,000 -- $302 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-116337

The MLS