NOT LISTED FOR SALE

2033 Chariton St Los Angeles, CA 90034

Mid-City Neighborhood
29 Beds
22 Baths
13,552 Sq Ft
12,596 Sq Ft Lot

Last Sold December 14, 2023

Last sale price $4,400,000 $325 Per Sq Ft

49 Days on Market

About This Home

As of December 2023

Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $343/SF. Amazing Current Cap Rate of 5.5% and 12.5 GRM with an incredible 93% upside to 12.4% Cap Rate and 6.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.

Last Agent to Sell the Property

Benjamin Lewin

Marcus & Millichap License #02040686 Listed on: 10/16/2023

Last Buyer's Agent

Benjamin Lewin

Marcus & Millichap License #02040686 Listed on: 10/16/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.29 Acre Lot

Interior Spaces

  • 13,552 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 22 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 12 Parking Spaces
  • 5 Covered Spaces
  • Covered Parking
  • Driveway

Utilities

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

Community Details

  • 18 Units
  • Vacancy Allowance $10,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 13552
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 29
  • Total Bathrooms: 22.00
  • Price Per S Q F T: 343.12

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 7
  • Covered Parking: 5
  • Parking Garage: Driveway, Covered Parking
  • Total Parking: 12

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 12596

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.48
  • Number Of Units: 18
  • Type Of Units: 18
  • Vacancy Allow: 10485
  • Vacancy Allow Percent: 3.00
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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
12/14/2023 12/14/23 Sold $4,400,000 -5.4% $325 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
10/16/2023 10/16/23 For Sale $4,650,000 -- $343 / Sq Ft
Source: The MLS

Agents Affiliated with this Home

  • Benjamin Lewin

    Seller's Agent in 2023

    Benjamin Lewin

    Marcus & Millichap

    (818) 212-2700

    2 in this area

    11 Total Sales

    Benjamin Lewin
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Map

Source: The MLS

MLS Number: 23-321893

The MLS
California Los Angeles County Los Angeles 90034 Mid-City

2033 Chariton St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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