NOT LISTED FOR SALE

1351 N Alta Vista Blvd Los Angeles, CA 90046

Hollywood Neighborhood
7 Beds
6 Baths
6,296 Sq Ft
9,682 Sq Ft Lot

Last Sold November 26, 2019

Last sale price $2,185,000 $347 Per Sq Ft

106 Days on Market

About This Home

As of November 2019

Kidder Mathews is pleased to present this exclusive investment offering of a 6-unit apartment building with redevelopment potential located in prime Hollywood. The subject property is located at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046 ("Property"). It offers investors and developers a rare opportunity to acquire an existing, character apartment building on a large lot.The Property consists of one structure with a total of 6,296 square feet of rentable space on a single lot with 9,681 square feet of land zoned LAR3. Originally constructed as six apartment buildings and featuring attractive period architecture, the current rents are well-below market due to Los Angeles rent control restrictions. This presents "value-add" potential for an investor or a developer to consider new apartments or condominiums.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 05/28/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 05/28/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 9,682

Interior Spaces

  • 6,296 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Additional Features

  • 9,682 Sq Ft Lot
  • Air Conditioning

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5548-020-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6296
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 397.08

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Value: 440434
  • Assessed Land Value: 742635
  • Assessor Parcel Number: 5548-020-040
  • Geocode Override: No
  • Lot Size Area: 9682

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 19.03
  • Number Of Units: 6
  • Total Annual Expense: 49988
  • Type Of Units: Mid Century
  • Vacancy Rate: 16.6%

Range of Values:

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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
11/26/2019 11/26/19 Sold $2,185,000 -12.6% $347 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
07/01/2019 07/01/19 Price Changed $2,500,000 -7.4% $397 / Sq Ft
05/28/2019 05/28/19 For Sale $2,700,000 -- $429 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Monempour

    Seller's Agent in 2019

    Michael Monempour

    Lyon Stahl Investment Real Estate, Inc.

    (310) 270-8423

    3 in this area

    48 Total Sales

    Michael Monempour
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Map

Source: The MLS

MLS Number: 19-471498

The MLS
California Los Angeles County Los Angeles 90046 Hollywood

1351 N Alta Vista Blvd, Los Angeles, CA

This home is located at 1351 N Alta Vista Blvd, Los Angeles, CA 90046 since 28 May 2019. This property was built in 1939. 1351 N Alta Vista Blvd is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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