NOT LISTED FOR SALE
1 Bed
2 Baths
19,200 Sq Ft
0.47 Acres Lot

Sale Details

Date Sold: October 1, 2021

Last sale price $8,350,000 $435 Per Sq Ft

Highlights

  • In Ground Pool
  • 0.47 Acre Lot
  • Laundry Room
  • Auto Driveway Gate
  • No HOA
  • Accessible Parking

About This Home

As of October 2021

On site Manager
Controlled Access/Gated
24/7 Maintenance Emergency
Coin Operated 24/7 Laundry Facility

Easy Access to Public Transportation, the Hollywood Walk of Fame, Walking distance to Hollywood' finest shopping & dining.

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood. The area around this property has good transit with many nearby transportation options.

Beachwood Plaza has 3 shopping centers within 0.7 mile, which is about a 13-minute walk. The miles and minutes will be for the farthest away property.

Beachwood Plaza has 5 parks within 7.3 miles, including Runyon Canyon, Griffith Observatory, and Bird Sanctuary.

Beachwood Plaza has 3 hospitals within 2.1 miles, the nearest is Southern California Hospital at Hollywood which is 0.4 mile away and a 7 minute walk.

Last Agent to Sell the Property

Wendy Morley

Pinnacle Estate Properties, Inc. License #01788681 Listed on: 10/04/2021

Pinnacle Estate Properties, Inc.

Co-Listed By

Larry Smart

Pinnacle Estate Properties, Inc. License #01024190

Last Buyer's Agent

Wendy Morley

Pinnacle Estate Properties, Inc. License #01788681 Listed on: 10/04/2021

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 20,490 Sq Ft Lot
  • Two or More Common Walls
  • Security Fence

Home Design

  • 19,200 Sq Ft Home
  • Property Attached
  • Cosmetic Repairs Needed
  • Flat Roof Shape

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 38 Parking Spaces
  • 38 Carport Spaces
  • Parking Available
  • Auto Driveway Gate
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Rain Gutters

Additional Features

  • Laundry Room
  • Accessible Parking
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 264
  • Tax Tract Number 1909
  • Assessor Parcel Number 5534013026
  • $3,382 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 41 Units

Building Details

  • Rent Control
  • 43 Separate Electric Meters
  • 42 Separate Gas Meters
  • Electric Expense $6,488
  • Fuel Expense $9,000
  • Insurance Expense $18,237
  • Professional Management Expense $21,945
  • Trash Expense $7,133
  • Water Sewer Expense $22,639
  • Operating Expense $51,717
  • Gross Income $559,551
  • Net Operating Income $289,483

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.47 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Professional Management Expense: 21945.00
  • Property Attached: Yes
  • Security: Automatic Gate, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 22639.00
  • Zoning: LAR3
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5534013026
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking, See Remarks
  • Price Per Square Foot: 434.90

Exterior Features

  • Fence: Yes
  • Fencing: Security
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Carport Spaces: 38.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Gated
  • Total Parking Spaces: 38.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 7133.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20490.00
  • Lot Size Acres: 0.4704

Multi Family

  • Electric Expense: 6488.00
  • Fuel Expense: 9000.00
  • Gross Income: 559551.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 531573.00
  • Gross Scheduled Income: 551751.00
  • Insurance Expense: 18237.00
  • Laundry Income: 7800.00
  • Lot Size Area: 20490.0000 Square Feet
  • Net Operating Income: 289483.00
  • Number Of Separate Electric Meters: 43
  • Number Of Separate Gas Meters: 42
  • Number Of Units Total: 41
  • Operating Expense: 242089.00
  • Rent Control: Yes
  • Total Expenses: 51717.00

Tax Info

  • Tax Census Tract: 1909.02
  • Tax Lot: 264
  • Tax Tract Number: 1909
  • TaxOtherAnnualAssessmentAmount: 3382.00
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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
07/05/2025 07/05/25 Off Market $2,100 -- --
04/23/2025 04/23/25 Price Changed $2,100 +10.8% $5 / Sq Ft
03/27/2025 03/27/25 Price Changed $1,895 -9.8% $4 / Sq Ft
03/24/2025 03/24/25 For Rent $2,100 0.0% --
10/04/2021 10/04/21 For Sale $9,000,000 +7.8% $469 / Sq Ft
10/01/2021 10/01/21 Sold $8,350,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $109,064 $8,861,085 $7,274,049 $1,587,036
2024 $107,781 $8,687,339 $7,131,421 $1,555,918
2023 $105,716 $8,517,000 $6,991,590 $1,525,410
2022 $100,865 $8,350,000 $6,854,500 $1,495,500
2021 $71,136 $5,764,071 $3,337,096 $2,426,975
2020 $71,846 $5,704,969 $3,302,879 $2,402,090
2019 $69,060 $5,593,108 $3,238,117 $2,354,991
2018 $68,700 $5,483,440 $3,174,625 $2,308,815
2016 $65,556 $5,270,513 $3,051,351 $2,219,162
2015 $64,621 $5,191,346 $3,005,517 $2,185,829
2014 $65,066 $5,089,656 $2,946,644 $2,143,012
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21110387

California Regional Multiple Listing Service (CRMLS)
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