NOT LISTED FOR SALE
-- Bed
12 Baths
9,800 Sq Ft
0.31 Acres

Last Sold September 14, 2023

Last sale price $2,400,000 $245 Per Sq Ft

46 Days on Market

About This Home

As of September 2023

Vintage, 'old-school LA' charm inside-and-out - attractive appointments that are rarely found anymore. Well-located near Mid-City, Mid-Wilshire and K-Town. Large front lawn on this massive 13,489 sq. ft. lot. 30+ years of single ownership - his "Baby". But, he has self-managed and not consistently raised rents. Massive meat-on-the-bone for a new Buyer - 50% rent upside! And then there's the development upside, as well. An opportunistic opportunity. 8% cap UPSIDE! Part of a 2-building portfolio sale with 12 units at 3335 W. Stocker St.

Last Agent to Sell the Property

Brice W. Head, MBA

CBRE, Inc. License #01330706 Listed on: 07/28/2023

Last Buyer's Agent

Brice W. Head, MBA

CBRE, Inc. License #01330706 Listed on: 07/28/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.31

Interior Spaces

  • 12 Bathrooms
  • 9,800 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Parking

  • 12 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.31 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5058-004-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 9800
  • Lot Acreage: 0.3097
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 255.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 12

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5058-004-015
  • Lot Size Area: 13489

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 12.71
  • Number Of Units: 12
  • Total Annual Expense: 65337
  • Type Of Units: apartments
  • Vacancy Rate: none

Range of Values:

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Average Value
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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
09/14/2023 09/14/23 Sold $2,400,000 -4.0% $245 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $2,499,000 -- $255 / 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: 23-295275

The MLS