NOT LISTED FOR SALE

1818 Whitley Ave Los Angeles, CA 90028

Hollywood Neighborhood
5 Beds
20 Baths
12,232 Sq Ft
9,301 Sq Ft Lot

Last Sold February 09, 2018

Last sale price $4,050,000 $331 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Resident Manager or Management On Site
  • Carpet
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • 2-minute walk to Yucca Community Center Park

About This Home

As of February 2018

This 20-Unit apartment building consists of 15-studio apartment units and 5 one bedroom units. 17 out of the 20 total unit have been remodeled, 3 units are original. This apartment building is 12,232 sq. ft. on a 9,301 sg. ft. lot. Located in the heart of classic Hollywood, near historic landmarks such as Hollywood/Highland, Kodak Theater, Hollywood Bowl, El Capitan Theater, Chinese Theater, Franklin Village, The Metro Line and shops & restaurants.

Last Agent to Sell the Property

Jon Dolan

First Class Real Estate License #01872197 Listed on: 01/10/2018

Last Buyer's Agent

Bill Toth

First Class Real Estate License #01023622

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 9,301 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Flat Roof Shape
  • Composition Roof

Interior Spaces

  • 12,232 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 20 Bathrooms

Parking

  • Parking Available
  • Driveway

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 5547005006

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Building Details

  • Rent Control
  • 20 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,936
  • Insurance Expense $7,013
  • Professional Management Expense $8,100
  • Trash Expense $3,144
  • Water Sewer Expense $6,800
  • New Taxes Expense $51,875
  • Operating Expense $64,373
  • Gross Income $223,463
  • Net Operating Income $156,590

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 18.00
  • Professional Management Expense: 8100.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Resident Manager
  • Water Sewer Expenses: 6800.00
  • Zoning: LAR4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5547005006
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 331.10

Exterior Features

  • Pool Private: No
  • Roof: Composition, Flat

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3144.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9301.00

Multi Family

  • Electric Expense: 2936.00
  • Gross Income: 223463.00
  • Gross Multiplier: 3.20
  • Gross Scheduled Income: 223463.00
  • Insurance Expense: 7013.00
  • Net Operating Income: 156590.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 66873.00
  • Rent Control: Yes
  • Total Expenses: 64373.00

Tax Info

  • New Taxes Expense: 51875.00
  • Tax Census Tract: 1902.02
  • Tax Lot: 8

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
02/09/2018 02/09/18 Sold $4,050,000 -2.4% $331 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $4,150,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jon Dolan

    First Class Real Estate

    (818) 569-0210

    5 Total Sales

    Jon Dolan
    Section Image
  • Bill Toth

    Buyer's Agent in 2018

    Bill Toth

    First Class Real Estate

    (818) 434-2110

    67 Total Sales

    Bill Toth
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18008022

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90028 Hollywood

1818 Whitley Ave, Los Angeles, CA

This home is located at 1818 Whitley Ave, Los Angeles, CA 90028 since 10 January 2018. This property was built in 1923. 1818 Whitley Ave 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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