NOT LISTED FOR SALE
11 Beds
9 Baths
7,825 Sq Ft
6,667 Sq Ft Lot

Last Sold May 28, 2024

Last sale price $2,385,000 $305 Per Sq Ft

51 Days on Market

About This Home

As of May 2024

Prime West Los Angeles location, 3 blocks from Santa Monica. Great unit mix - 7 - 1 bedroom + 1 bath and 2 - 2 bedroom +2 bath units. Large units - 7,825 sq.ft. of building. The property was built in 1970 and it sits on a 6,655 sq. ft. lot. Long term owner. Below market rents with over 50% upside in the rent. The building is Individually metered for electricity and master metered for gas. It is located in the high demand area of West Los Angeles adjacent to Santa Monica. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City and Santa Monica's popular restaurants, bars, fitness centers and theaters. Close to the 405 and 10freeways. The earthquake soft story retrofit work has been completed. There is an assumable loan with an approximate balance of $1,068,000, 4% fixed until 7/28/2026, due in 2046. Note: The property is co-listed with Mike Poyer - Capital Real Estate Advisors

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 02/20/2024

Michael Anthony Salerno

Last Buyer's Agent

Chase Simonton

RE/MAX One License #01766871

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,667

Interior Spaces

  • 7,825 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 12 Parking Spaces
  • 9 Covered Spaces
  • Covered Parking
  • Tandem Parking

Additional Features

  • 6,667 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 9 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4257-005-042

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 7825
  • Lot Acreage: 0.1531
  • Year Built: 1970
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 331.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 9
  • Parking Garage: Tandem, Covered Parking
  • Total Parking: 12

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 81.01
  • Assessed Improvement Value: 273340
  • Assessed Land Percent: 18.99
  • Assessed Land Value: 64065
  • Total Assessed Value: 337405
  • Assessor Parcel Number: 4257-005-042
  • Lot Size Area: 6667

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 14.96
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 68923
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/28/2024 05/28/24 Sold $2,385,000 -8.1% $305 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $2,595,000 -- $332 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-360576

The MLS