NOT LISTED FOR SALE

1517 Hi Point St Los Angeles, CA 90035

Mid-City Neighborhood
20 Beds
-- Bath
11,760 Sq Ft
8,840 Sq Ft Lot

Last Sold January 28, 2014

Last sale price $3,600,000 $306 Per Sq Ft

29 Days on Market

Highlights

  • Gated Parking
  • Built-In Features
  • Central Heating

About This Home

As of January 2014

No rent control 10 unit apartment building providing an investment opportunity for an astute investor with the rare and unique opportunity to acquire a pride of ownership asset in a centrally located and popular neighborhood with an ability to improve cashflow by capturing the 15%+loss-to-lease. Each unit is a townhome with 2 bedrooms/2.5 baths, large living room with fireplace and a side-by-side washer-dryer hookup in each unit.Eight units are on month to month and two units-leases with be up in less than six months.Underground gated parking, also condo conversion opportunity available. Located centrally in mid-wilshire, and close proximity to a wide array of entertainment,dining and shopping. Located near the Grove, Beverly Center, and Cedar Sinai Hospital.

Last Agent to Sell the Property

Philip Saunders

Midori Realty License #01223814 Listed on: 10/11/2013

Last Buyer's Agent

Carolyn Schneider

Miller & Desatnik Realty Co. License #00881530

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 8,840 Sq Ft Lot

Interior Spaces

  • 20 Bedrooms
  • 11,760 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 20 Parking Spaces
  • Gated Parking

Utilities

  • Central Heating
  • Cable TV Available

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5068-016-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11760
  • Manager Expense: 18285.00
  • Stories: 3
  • Year Built: 1990
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 340.05

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated Underground
  • Total Parking: 20

Utilities

  • Cooling: Air Conditioning
  • Electric Expense: 600.00
  • Heating: Central
  • Water Expense: 4513.00

Fee Information

  • Gas Expense: 413.00
  • Insurance Expense: 12552.00
  • Maintenance Expense: 11142.00
  • Trash Expense: 2792.00

Lot Info

  • Assessed Improvement Value: 543997
  • Assessed Land Value: 979196
  • Assessor Parcel Number: 5068-016-009
  • Geocode Override: No
  • Lot Size Area: 8840

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 22.00
  • Number Of Units: 10
  • Rent Control: 0
  • Total Annual Expense: 52477
  • Type Of Units: townhouse
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 20512.00

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
01/28/2014 01/28/14 Sold $3,600,000 -10.0% $306 / Sq Ft
11/09/2013 11/09/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $3,999,000 -- $340 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Philip Saunders

    Midori Realty

    (310) 920-5320

    2 Total Sales

    Philip Saunders
    Section Image
  • Carolyn Schneider

    Buyer's Agent in 2014

    Carolyn Schneider

    Miller & Desatnik Realty Co.

    (310) 430-9843

    14 Total Sales

    Carolyn Schneider
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 13-711965

The MLS

California Los Angeles County Los Angeles 90035 Mid-City

1517 Hi Point St, Los Angeles, CA

This home is located at 1517 Hi Point St, Los Angeles, CA 90035 since 11 October 2013. This property was built in 1990. 1517 Hi Point St is a home located in Los Angeles County with nearby schools including Crescent Heights Boulevard Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

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