NOT LISTED FOR SALE
54 Beds
7 Baths
32,397 Sq Ft
0.77 Acres

Last Sold December 11, 2013

Last sale price $4,815,000 $149 Per Sq Ft

52 Days on Market

Highlights

  • 33,730 Sq Ft lot
  • Valley Academy of Arts & Sciences Rated A-
  • Attached Carport

About This Home

As of December 2013

Increased income from the move-out of a low paying tenant and recent rental increases. Over $250,000 of capital improvements made in the last few years. The building currently benefits from new roofs, new plumbing, an all new pool and new pool area, new asphalt in the parking lot, a new 12-camera security system, new mailboxes, a new intercom system, a new laundry facility and many other upgrades.In addition to the numerous building improvements, the owner has also made premium upgrades to many of the unit interiors. These include, but are not limited to new tile flooring, granite countertops, updated kitchens, new stoves, dishwashers, air conditioning units and crown molding.Building owned laundry facility that generates significant cash flow. 16 of the units are 2 Bedroom, 1.5 Bath Two-level townhomes. Passed LA Code Enforcement (SCEP) in January 2013.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 08/26/2013

Last Buyer's Agent

Dario Svidler

Keller Williams Beverly Hills License #01884474

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.77 Acre Lot

Interior Spaces

  • 54 Bedrooms
  • 32,397 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 39 Parking Spaces
  • Attached Carport
  • Uncovered Parking

Utilities

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

Community Details

  • 39 Units

Listing and Financial Details

  • Assessor Parcel Number 2656-027-035

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 32397
  • Stories: 3
  • Year Built: 1964
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 54
  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 157.27

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport Attached, Uncovered
  • Total Parking: 39

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 2747194
  • Assessed Land Value: 1822396
  • Assessor Parcel Number: 2656-027-035
  • Geocode Override: No
  • Lot Size Area: 33730

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.10
  • Number Of Units: 39
  • Rent Control: 100
  • Total Annual Expense: 202493
  • Type Of Units: APT
  • Vacancy Rate: 5%

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
12/11/2013 12/11/13 Sold $4,815,000 -5.5% $149 / Sq Ft
10/17/2013 10/17/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $5,095,000 -- $157 / 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: 13-699729

The MLS