NOT LISTED FOR SALE
5 Beds
5 Baths
18,689 Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: November 30, 2018

Last sale price $6,100,000 $326 Per Sq Ft

46 Days on Market

Highlights

  • In Ground Pool
  • Corner Lot
  • Laundry Facilities
  • 0.76 Acre Lot
  • Landscaped

About This Home

As of November 2018

This is a well-appointed 18-unit apartment complex at 3153 Barbara Court in Los Angeles/Hollywood Hills, California. The property is comprised of One 2-bed and 2 ¹/² bath unit, Five 2-bed/2-bath units, and Twelve 1-bed/1-bath units. Many of the units, including the larger 2-bedroom unit offer with great hillside views, private washer and dryer, two private entrances, a private garage and hardwood floors. All 2-bedroom units are two stories. Together these apartments come to about 18,689 square feet of rentable space on 33,203 square feet of land. The property also includes ample amenities for residents, including a beautifully landscaped courtyard, a sparkling pool with a great view, a gated and secured parking area with 18 private garages, a large maintenance storage facility and onsite laundry facilities for those without private machines. The rent-controlled complex, which was built in 1950, has been well maintained throughout the years. Located on a nice, quiet street in the Hollywood Hills, the property sits mere minutes away from the world famous Universal Studios Hollywood film studio and theme park and within easy access of the 101 Hollywood Freeway. The property’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.

Last Agent to Sell the Property

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 08/06/2018

Last Buyer's Agent

Reza Ghobadi

Reza Ghobadi License #01780045 Listed on: 08/06/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 33,203 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot

Parking

  • 18 Car Garage

Home Design

  • 18,689 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Washer and Gas Dryer Hookup
  • In Ground Pool

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 143700
  • Assessor Parcel Number 2429012003

Community Details

Overview

  • 7 Buildings
  • 18 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • Electric Expense $5,000
  • Fuel Expense $1,200
  • Gardener Expense $9,000
  • Insurance Expense $7,467
  • Maintenance Expense $13,500
  • Other Expense $12,000
  • Pest Control $720
  • Pool Expense $1,800
  • Professional Management Expense $11,918
  • Trash Expense $3,120
  • Water Sewer Expense $13,000
  • New Taxes Expense $83,688
  • Operating Expense $172,321
  • Gross Income $405,300
  • Net Operating Income $224,933

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.76 Acres

Parking

18

Listing Details

  • CapRate: 3.36
  • Professional Management Expense: 11918.00
  • Property Attached: Yes
  • Water Sewer Expenses: 13000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 9000.00
  • Parcel Number: 2429012003
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 326.40

Exterior Features

  • Pool Expense: 1800.00
  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 3120.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Sq Ft: 33203.00
  • Lot Size Acres: 0.7622

Multi Family

  • Electric Expense: 5000.00
  • Fuel Expense: 1200.00
  • Gross Income: 405300.00
  • Gross Multiplier: 16.64
  • Gross Scheduled Income: 402300.00
  • Insurance Expense: 7467.00
  • Laundry Income: 3000.00
  • Lot Size Area: 33203.0000 Square Feet
  • Maintenance Expense: 13500.00
  • Net Operating Income: 224933.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Units Total: 18
  • Operating Expense: 172321.00
  • Other Expense: 12000.00
  • Other Expense Description: Manager
  • Rent Control: Yes
  • Total Expenses: 172321.00

Tax Info

  • New Taxes Expense: 83688.00
  • Tax Census Tract: 1437.00
  • Tax Lot: 15
  • Tax Tract Number: 143700

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Oct 2, 2018
Sold by
Bought by
Seller's Agent
Reza Ghobadi
Reza Ghobadi
Buyer's Agent
Reza Ghobadi
Reza Ghobadi
List Price
$6,695,000
Sold Price
$6,100,000
Premium/Discount to List
-$595,000
-8.89%

Purchase Details

Closed on
May 5, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2006
Sold by
Bought by

Purchase Details

Closed on
May 1, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$6,100,000 North American Title Company
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $4,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $6,100,000 -8.9% $326 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $6,695,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $84,739 $6,804,661 $5,577,593 $1,227,068
2024 $83,621 $6,671,237 $5,468,229 $1,203,008
2023 $82,033 $6,540,429 $5,361,009 $1,179,420
2022 $78,321 $6,412,187 $5,255,892 $1,156,295
2021 $77,324 $6,286,459 $5,152,836 $1,133,623
2019 $74,990 $6,101,500 $5,000,000 $1,101,500
2018 $9,416 $556,555 $184,515 $372,040
2016 $8,736 $533,503 $177,351 $356,152
2015 $8,642 $525,491 $174,688 $350,803
2014 $8,797 $515,199 $171,267 $343,932
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18191836

California Regional Multiple Listing Service (CRMLS)
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