NOT LISTED FOR SALE
9 Beds
9 Baths
4,445 Sq Ft
7,001 Sq Ft Lot

Sale Details

Date Sold: September 12, 2023

Last sale price $1,185,000 $267 Per Sq Ft

31 Days on Market

About This Home

As of September 2023

We are pleased to present for sale a 1978 Built (Non-LA City Rent Controlled) 5 Unit multifamily investment opportunity in a supply-constrained market of Atwater Village! Located in one of LA's hottest rental, locations, 4122 Sequoia Street offers investors an opportunity to add substantial value with106% upside potential. The property boasts a strong unit mix of (4) 2 Bedroom & 2 Bath Units and (1) 1 2 Bedroom and 1 Bath Unit. The property has a total square footage of 4,445 SF, is situated on an expansive lot size of 7,000 SF, and zoned R1-1-RIO, with (9) parking spaces available for tenants. The property provides the opportunity to construct an ADU at the rear of the lot Buyer to Verify. Soft-Story Retrofit construction IS REQUIRED to be completed. Located within blocks to famous Los Feliz Blvd and Glendale Blvd, the property is situated in close proximity to Atwater's retail corridors, which provides countless eateries, trendy bars, retail, and coffee shops. Additionally, the property is adjacent to Glendale, the Jewel City, and is within minutes to The Americana at Brand, which offers world-class retail, dining, and entrainment. This rare opportunity is poised for an astute investor looking to capture strong market returns on a supply-constrained product in a booming area where prices and rents continue to appreciate Year-over-Year. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, unit mix, year built, zoning, market rents, soft-story retrofit requirements, and the ability to construct an ADU. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.

Last Agent to Sell the Property

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 06/13/2023

Last Buyer's Agent

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 06/13/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,001 Sq Ft Lot

Interior Spaces

  • 4,445 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5593-023-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

7,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4445
  • Lot Acreage: 0.1607
  • Stories: 2
  • Year Built: 1978
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 308.21

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 9

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 67.21
  • Assessed Improvement Value: 285370
  • Assessed Land Percent: 32.79
  • Assessed Land Value: 139201
  • Total Assessed Value: 424571
  • Assessor Parcel Number: 5593-023-006
  • Lot Size Area: 7001

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.69
  • Number Of Units: 5
  • Type Of Units: Apartments

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
Jun 13, 2023
Closed on
Aug 1, 2023
Sold by
Bought by
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Eric Dilanian
Remax Commercial and Investment Realty
List Price
$1,370,000
Sold Price
$1,185,000
Premium/Discount to List
-$185,000
-13.5%
Views
124

Purchase Details

Closed on
Feb 5, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1999
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
$1,185,000 Commonwealth Land Title Compan
$305,000 Southland Title
-- --
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 $1,559,000
Previous Owner $200,000
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
09/12/2023 09/12/23 Sold $1,185,000 -13.5% $267 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $1,370,000 -- $308 / Sq Ft
Source: The MLS

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 $15,453 $1,208,700 $966,960 $241,740
2024 $15,251 $1,185,000 $948,000 $237,000
2023 $6,229 $433,062 $141,985 $291,077
2022 $5,975 $424,571 $139,201 $285,370
2021 $5,884 $416,247 $136,472 $279,775
2019 $5,730 $403,903 $132,425 $271,478
2018 $5,600 $395,984 $129,829 $266,155
2016 $5,284 $380,610 $124,789 $255,821
2015 $5,217 $374,894 $122,915 $251,979
2014 $5,265 $367,552 $120,508 $247,044
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-279983

The MLS
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