$1,695,000
SOLD AUG 29, 2024
8 Beds
4 Baths
5,148 Sq Ft
6,419 Sq Ft Lot

Recently Sold

$329 Per Sq Ft

15% Below List Price

41 Days on Market

Highlights

  • Wood Flooring
  • Landscaped
  • East Facing Home
  • 4 Car Detached Garage
  • Central Heating
  • Back Yard

About This Home

As of August 2024

Welcome to this charming 4-plex property, a rare gem located in one of Los Angeles' most desirable neighborhoods. This Spanish Style multi-family residence offers a unique investment opportunity with a perfect blend of historic charm and modern amenities. Each unit features spacious living rooms with original hardwood floors, bedrooms with ample closet space and its own laundry room. Lush, landscaped communal backyard with a patio area is ideal for dinning and relaxation. Detached 4 car garages with additional driveway parking. Individual gas and electric meters for each unit. Situated in the Vibrant and culturally rich neighborhood of Beverly Center/Miracle Miles, this property is just minutes away Los Angeles' finest attractions and amenities. CBS Television City located just a short walk from the property and it is a significant landmark. Future development plans for the CBS site include a mixed-use project that will bring additional dining, shopping, and entertainment options, making this property location even more desirable. The property is a mere 5-minutes drive or a leisurely 15-minutes walk to the premier shopping, high-end retailers, dinning options and entertainment venues at Beverly Center. The Grove and iconic open-air Farmers Market are only a 7 minutes drive. This property offers an incredible investment opportunity in a prime Los Angeles location with strong rental potential and the added benefit from all the shopping, culinary, and entertainment attraction in the area.

Last Agent to Sell the Property

Nima Rasakhoo

Coldwell Banker Realty License #01935311 Listed on: 06/28/2024

Coldwell Banker Realty

Last Buyer's Agent

Vangelis Korasidis

Coldwell Banker Realty License #01222626

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,570

Year Built

  • Built in 1928

Lot Details

  • 6,419 Sq Ft Lot
  • East Facing Home
  • Landscaped
  • Back Yard

Parking

  • 4 Car Detached Garage
  • 2 Open Parking Spaces

Interior Spaces

  • 5,148 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Heating
  • Sewer in Street
  • Cable TV Available

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5527-040-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,570

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Alley: No
  • Entry Floor: 1
  • Living Area: 5148
  • Lot Acreage: 0.1474
  • Probate: No
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Appliances: Gas
  • Bedrooms: 8
  • Bathroom Features: Low Flow Shower(s), Low Flow Toilet(s)
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Washer, Garbage Disposal
  • Price Per S Q F T: 339.94
  • Windows: French Windows

Exterior Features

  • Direction Faces: East
  • Construction: Hard Coat
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 2
  • Garage Structures: 4
  • Parking Garage: Detached
  • Total Parking: 6

Utilities

  • TV Svcs: Cable TV
  • Volt 220: 220V Throughout
  • Water District: DWP
  • Heating: Central
  • Sewer: In Street
  • Water: Meter on Property
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 53.04
  • Assessed Improvement Value: 82685
  • Assessed Land Percent: 46.96
  • Assessed Land Value: 73210
  • Total Assessed Value: 155895
  • Assessor Parcel Number: 5527-040-015
  • Lot Description: Back Yard, Landscaped
  • Lot Size Area: 6419

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 99000.00
  • Number Of Units: 4
  • Total Annual Expense: 11000
  • Type Of Units: apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Aug 27, 2024
Sold by
Loewy Trust and Loewy Yanna
Bought by
Mdb International Branding Llc
Seller's Agent
Nima Rasakhoo
Coldwell Banker Realty
Buyer's Agent
Vangelis Korasidis
Coldwell Banker Realty
List Price
$1,995,000
Sold Price
$1,695,000
Premium/Discount to List
-$300,000
-15.04%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.27%

Purchase Details

Closed on
Dec 22, 2023
Sold by
Loewy Joseph
Bought by
Loewy Trust and Loewy
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,695,000 Equity Title - Los Angeles
Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 For Sale $2,250,000 +32.7% $437 / Sq Ft
08/29/2024 08/29/24 Sold $1,695,000 -3.1% $329 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/22/2024 07/22/24 Price Changed $1,750,000 -12.3% $340 / Sq Ft
06/28/2024 06/28/24 For Sale $1,995,000 -- $388 / 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
2024 $2,570 $159,012 $74,674 $84,338
2023 $2,536 $155,895 $73,210 $82,685
2022 $2,443 $152,839 $71,775 $81,064
2021 $2,380 $149,843 $70,368 $79,475
2019 $2,321 $145,401 $68,282 $77,119
2018 $2,225 $142,551 $66,944 $75,607
2016 $2,076 $137,018 $64,346 $72,672
2015 $2,051 $134,961 $63,380 $71,581
2014 $2,088 $132,318 $62,139 $70,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-409675

The MLS

APN: 5527-040-015