NOT LISTED FOR SALE

1953 Cheremoya Ave Los Angeles, CA 90068

Hollywood Hills Neighborhood
32 Beds
16 Baths
16,482 Sq Ft
0.35 Acres

Last Sold July 23, 2021

Last sale price $5,625,000 $341 Per Sq Ft

35 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Balcony
  • Laundry Facilities
  • Wood Flooring
  • Awning
  • East Facing Home

About This Home

As of July 2021

The subject property is a very attractive pride of ownership complex located in the prime Hollywood Hills/Franklin Village area of Los Angeles. The property consists of twin 8 unit buildings with two address's: 1953 &1959 Cheremoya Ave. It has an excellent unit mix of mostly 2 bedroom units. Each unit is very large and spacious, and have hardwood floors. The property has all new double pane Milgard windows, the exterior was recently painted, and copper plumbing throughout. Some units have been upgraded with granite counter tops in the kitchens and baths. Two units were completely remodeled. SESMIC RETROFIT RECENTLY COMPLETED. Excellent upside in rents. Ideal exchange property. Bring Offers

Last Agent to Sell the Property

Karl Duistermars

Karl Duistermars License #00584074 Listed on: 04/30/2021

Last Buyer's Agent

Michael Tootikian

License #00802699

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 15,070 Sq Ft Lot
  • Lot Dimensions are 100x150
  • East Facing Home

Home Design

  • Midcentury Modern Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 16,482 Sq Ft Home
  • 2-Story Property
  • Awning
  • Wood Flooring

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 16 Bathrooms

Parking

  • 19 Parking Spaces
  • Carport

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Central Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5586-013-013

Community Details

Overview

  • 2 Buildings
  • 16 Units

Additional Features

  • Laundry Facilities
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 16482
  • Lot Acreage: 0.0340
  • Lot Dimensions: 100x150
  • Probate: No
  • Stories: 2
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 32
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 16.00
  • Equipment: Garbage Disposal, Cable, Range/Oven
  • Price Per S Q F T: 362.82
  • Windows: Awning

Exterior Features

  • Direction Faces: East
  • Construction: Hard Coat
  • Other Features: Balcony, Full Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 19

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Wall/Window
  • Heating: Wall
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 43.90
  • Assessed Improvement Value: 595937
  • Assessed Land Percent: 56.1
  • Assessed Land Value: 761478
  • Total Assessed Value: 1357415
  • Assessor Parcel Number: 5586-013-013
  • Lot Size Area: 15070

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.10
  • Number Of Units: 16
  • Rent Control: 100
  • Type Of Units: Apartments

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 List to Sale Price per Sq Ft
07/23/2021 07/23/21 Sold $5,625,000 -5.9% $341 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $5,980,000 0.0% $363 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/19/2021 05/19/21 Price Changed $5,980,000 -5.0% $363 / Sq Ft
04/30/2021 04/30/21 For Sale $6,295,000 -- $382 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Karl Duistermars

    Karl Duistermars

    (818) 957-6511

    1 in this area

    4 Total Sales

    Karl Duistermars
    Section Image

  • M

    Buyer's Agent in 2021

    Michael Tootikian

See All Agents

Map

Source: The MLS

MLS Number: 21-726080

The MLS
California Los Angeles County Los Angeles 90068 Hollywood Hills

1953 Cheremoya Ave, Los Angeles, CA

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