NOT LISTED FOR SALE
12 Beds
8 Baths
4,938 Sq Ft
7,278 Sq Ft Lot

Last Sold June 27, 2024

Last sale price $1,625,000 $329 Per Sq Ft

26 Days on Market

About This Home

As of June 2024

We are proud to represent this well maintained apartment building on the corner lot. Nestled within the desirable North Hollywood area. This income property comprises eight units that offer lucrative investment potential. Assumable financing at 3.91% fixed for 5 years. Some latest upgrades and improvements with three units been fully renovated. Updated copper plumbing. Four units in the building offers a 1 bedroom and 1 bathroom and four units offers a 2 bedroom and 1 bathroom layout. It s ideal for investors seeking a balanced combination of immediate income and potential for value appreciation.

Last Agent to Sell the Property

Leonid Gershkovich

Prime Banker Realty, Inc. License #01205638 Listed on: 03/21/2024

Last Buyer's Agent

Harmik Hovsepian

License #01956833

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,278 Sq Ft Lot

Interior Spaces

  • 4,938 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 2321-022-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4938
  • Lot Acreage: 0.1671
  • Year Built: 1953
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 344.07

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Parking Space

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 34.27
  • Assessed Improvement Value: 421637
  • Assessed Land Percent: 65.73
  • Assessed Land Value: 808623
  • Total Assessed Value: 1230260
  • Assessor Parcel Number: 2321-022-011
  • Lot Size Area: 7278

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 11.84
  • Number Of Units: 8
  • Total Annual Expense: 32975
  • Type Of Units: 1+1 and 2+1
  • Vacancy Rate: 0

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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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
06/27/2024 06/27/24 Sold $1,625,000 -4.4% $329 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $1,699,000 +59.5% $344 / Sq Ft
12/10/2014 12/10/14 Sold $1,065,000 -11.3% $216 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $1,200,000 -- $243 / 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: 24-371675

The MLS