NOT LISTED FOR SALE

2476 Overland Ave Los Angeles, CA 90064

Cheviot Hills Neighborhood

Estimated Value: $7,049,483

-- Bed
-- Bath
7,598 Sq Ft
$928/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $6,200,000 $816 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $45,144/month

23 Days on Market

Highlights

  • Gated Parking
  • Contemporary Architecture
  • Balcony
  • Overland Avenue Elementary School Rated A
  • High Ceiling
  • 9 Car Garage

About This Home

As of July 2019

Contemporary office building, recently renovated, ideal for an owner user or investor. The 1st floor accommodate's the gated garage w/14 parking spots. The 2nd floor has 3 separate office units, all tenant occupied & the 3rd floor is completely renovated office space, currently vacant. This space includes a kitchen area, a conference room, 3 executive offices, an open space for work stations & a large interior office, suitable for a photo studio, a 2nd conference room, storage or more work station's, is wired for internet & sound plus three zone air & heat. Both floors have patio doors that let in natural light, pretty views & open up to a balcony. The building has controlled access & camera security. The cell tower brings in additional income & potential buyer's can look into signage & more cell towers to further increase income. Located opposite the Westside Pavilions, close to the metro station, the 10 & 405 freeways, Century City, Eataly, local cafe's and restaurants.

Last Agent to Sell the Property

Michelle Nissani

Douglas Elliman License #01330453 Listed on: 02/16/2019

Douglas Elliman

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $80,802

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 5,361

Parking

  • 9 Car Garage
  • 5 Carport Spaces
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,598 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • High Ceiling
  • Alarm System
  • Dishwasher
  • Property Views

Utilities

  • Central Heating
  • Sewer in Street
  • Phone System
  • Cable TV Available

Additional Features

  • Balcony
  • 5,361 Sq Ft Lot

Community Details

  • 6 Units
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 4255-002-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$80,802

Year Built

Built in 1974 | Remodeled

Lot Details

0

Parking

9

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Contemporary office building, recently renovated, ideal for either an owner user or investor. The building is comprised of three floors; a gated garage on the ground floor with 14 parking spots, three separate office spaces on the second floor, all tenant occupied; and on the third floor a completely renovated office space that is currently vacant. The third floor space includes a kitchen area, a conference room, three executive offices, an open space divided by low walls for cubicle work area's, and a large interior office, suitable for a photography studio, a second conference room, or another area for cubicles or storage. Additionally this office is wired for internet and has a speaker system for sound within the office and three zone air & heating. Both floors have patio doors that let in natural light and pretty views that open up to a balcony. The building has controlled access and a camera security system. There is a cell tower on the roof that brings in additional income and potential buyer's can look into both signage and additional cell towers to further increase the income. The building is opposite the Westside Pavilions, close to the metro station, the 10 & 405 freeways, Century City and easy access to Eataly, local cafe's and restaurants.
  • Entry Location: Ground Level - no steps
  • Living Area: 7598
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1974
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Phone System, Refrigerator
  • Price Per S Q F T: 816.00

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Tennis Court Y/N: No
  • Pool: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Carport Spaces: 5
  • Garage Spaces: 9
  • Covered Parking: 14
  • Parking Garage: Assigned, Attached, Carport, Door Opener, Garage, Garage Is Detached, Gated, Private Garage
  • Total Parking: 14

Utilities

  • Water District: LADWP
  • Cooling: Air Conditioning
  • Electric Expense: 12052.00
  • Heating: Central
  • Security: Card/Code Access
  • Sewer: In Street
  • Water Expense: 12052.00

Fee Information

  • Elevator Expense: 3718.00
  • Insurance Expense: 12902.00
  • Maintenance Expense: 11593.00
  • Other Expense: 2940.00
  • Trash Expense: 2883.00

Lot Info

  • Assessed Improvement Value: 1035555
  • Assessed Land Value: 2795998
  • Assessor Parcel Number: 4255-002-027
  • Geocode Override: No
  • Lot Size Area: 5361

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.26
  • Number Of Units: 6
  • Total Annual Expense: 138216
  • Type Of Units: Office
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 74400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2014
Sold by
Campbell Jeffrey
Bought by
2476 Overland Avenue Llc
Current Estimated Value
$7,049,483

Purchase Details

Closed on
Jul 11, 2014
Sold by
2476 So Overland Associates
Bought by
Campbell Jeffrey and Campbell Christine

Purchase Details

Closed on
Jun 4, 1996
Sold by
Sinclair Leslie H
Bought by
Sinclair Richard D and Sinclair Julia
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
2476 Overland Avenue Llc -- None Available
Campbell Jeffrey $3,700,000 Old Republic Title Company
Sinclair Richard D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Db Overland Llc $2,492,000
Closed Db Overlnd Llc $2,561,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $6,200,000 0.0% $816 / Sq Ft
02/16/2019 02/16/19 For Sale $6,200,000 -- $816 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $80,802 $6,780,603 $3,280,937 $3,499,666
2024 $80,802 $6,647,651 $3,216,605 $3,431,046
2023 $79,222 $6,517,306 $3,153,535 $3,363,771
2022 $75,518 $6,389,516 $3,091,701 $3,297,815
2021 $74,604 $6,264,232 $3,031,080 $3,233,152
2020 $75,386 $6,200,000 $3,000,000 $3,200,000
2019 $47,789 $3,986,346 $2,908,955 $1,077,391
2018 $47,608 $3,908,183 $2,851,917 $1,056,266
2017 $46,576 $3,831,553 $2,795,998 $1,035,555
2016 $45,521 $3,756,425 $2,741,175 $1,015,250
2015 $44,854 $3,700,000 $2,700,000 $1,000,000
2014 -- $896,329 $116,573 $779,756
Source: Public Records

Agents Affiliated with this Home

  • Michelle Nissani

    Seller's Agent in 2019

    Michelle Nissani

    Douglas Elliman

    (310) 413-8780

    17 Total Sales

    Michelle Nissani
    Section Image

  • S

    Buyer's Agent in 2019

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 19-434224

The MLS

APN: 4255-002-027

California Los Angeles County Los Angeles 90064 Cheviot Hills

2476 Overland Ave, Los Angeles, CA

This home is located at 2476 Overland Ave, Los Angeles, CA 90064 since 16 February 2019 and is currently estimated at $7,049,483, approximately $927 per square foot. This property was built in 1974. 2476 Overland Ave is a home located in Los Angeles County with nearby schools including Overland Avenue Elementary School, Palms Middle School, and Alexander Hamilton Senior High School.

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