NOT LISTED FOR SALE
12 Beds
10 Baths
6,280 Sq Ft
6,885 Sq Ft Lot

Last Sold January 08, 2024

Last sale price $1,858,152 $296 Per Sq Ft

33 Days on Market

Highlights

  • Laundry Room
  • Ceiling Fan
  • 10 Car Garage

About This Home

As of January 2024

Your chance to add a classic Mid-Century 5-Plex Apartment Building to your L.A. real estate portfolio. A classic bread-and-butter rental building, with great bones and authentic mid-century character throughout. 3 of 5 units will be DELIVERED VACANT! 12 Bedrooms and 10 Bathrooms total (with a mix of 3BR units and 2BR units). This building is solid, with the following highlights: Soft-Story Retrofit Complete + 10 Car Parking + Coin-Operated Laundry Room Onsite. Lovingly Cared for by long-term on-site owner. One kitchen has been updated, the others are original. There is new flooring in several units. Interior pictures and general inspection condition report are available upon request! Originally constructed in 1959, and quintessentially authentic for its era. Many similar buildings have been revamped with a "Palm Springs" vibe, where those remodeled units rent for $4500+/month (for 3 BR). See private remarks for pro-forma analysis. See Docs manager for OM (with rent rolls and expenses). Shared or private garden with 2 bountiful lemon tree in the rear. Highly-sought PRIME A+ Faircrest Heights neighborhood (right next to Beverlywood, Beverly Hills, & Cedar Sinai Hospital). Lots of great shopping and dining nearby, and centrally located in the HEART of the City!

Last Agent to Sell the Property

Rachel Hsieh

Keller Williams Realty Los Feliz License #01701809 Listed on: 11/16/2023

Keller Williams Realty Los Feliz

Last Buyer's Agent

Roya Souferzadeh

Landmark Realtors, Inc. License #01366262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,885 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 6,280 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Parking

  • 10 Car Garage
  • Garage Door Opener
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5068-021-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split, Two
  • Street Number Display: Yes
  • Living Area: 6280
  • Lot Acreage: 0.1581
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Bedrooms: 12
  • Laundry: Laundry Area, Community
  • Laundry Equipment: Own
  • Total Bathrooms: 10.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 306.53

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Door Opener, Garage - 4+ Car, Garage Is Attached, Private Garage
  • Total Parking: 10

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 76.95
  • Assessed Improvement Value: 133591
  • Assessed Land Percent: 23.05
  • Assessed Land Value: 40026
  • Total Assessed Value: 173617
  • Assessor Parcel Number: 5068-021-016
  • Lot Size Area: 6885

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.79
  • Number Of Units: 5
  • Total Annual Expense: 33862
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3

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
01/08/2024 01/08/24 Sold $1,858,152 -3.5% $296 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $1,925,000 -- $307 / 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: 23-332675

The MLS