NOT LISTED FOR SALE

4230 Los Feliz Blvd Los Angeles, CA 90027

Los Feliz Neighborhood
24 Beds
16 Baths
10,380 Sq Ft
0.32 Acres

Last Sold May 15, 2020

Last sale price $4,500,000 $434 Per Sq Ft

60 Days on Market

About This Home

As of May 2020

Comprised of 16 post war units in one of the best locations Los Feliz has to offer, 4230 & 4250 Los Feliz Blvd is a true value-add gem with enormous upside potential. An even mix of 2-bed/1-bath and 1-Bed/1Bath units makes the property perfectly positioned for the affluent millennial renters that are drawn to this enclave by its hip restaurants and trendy boutique shops. The property is made up of two side-by-side lots, each containing an 8-unit, 2-story apartment building. Separate APNs mean there is no need for an on-site manager despite there being a total of 16 units. Most units remain in original condition, although ownership has undertaken 2 recent renovations. There is laundry on site and all units are separately metered for gas and electric. Surface parking is at the rear and accessible via a central driveway. Although the property is ideally suited as a reposition opportunity, the R3 zoning (Tier 2 TOC designation) offers potential future development opportunity as well.

Last Agent to Sell the Property

Rob Renshaw

REMAX COMMERCIAL & INVESTMENT REALTY License #01332831 Listed on: 01/06/2020

REMAX COMMERCIAL & INVESTMENT REALTY

Last Buyer's Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.32

Interior Spaces

  • 10,380 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Parking

  • 12 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.32 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5591-002-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: Comprised of 16 post war units in one of the best locations Los Feliz has to offer, 4230 & 4250 Los Feliz Blvd is a true value-add gem with enormous upside potential. An even mix of 2-bed/1-bath and 1-Bed/1Bath units makes the property perfectly positioned for the affluent millennial renters that are drawn to this enclave by its hip restaurants and trendy boutique shops. The property is made up of two side-by-side lots, each containing an 8-unit, 2-story apartment building. Separate APNs mean there is no need for an on-site manager despite there being a total of 16 units. Most units remain in original condition, although ownership has undertaken 2 recent renovations. There is laundry on site and all units are separately metered for gas and electric. Surface parking is at the rear and accessible via a central driveway. Although the property is ideally suited as a reposition opportunity, the R3 zoning (Tier 2 TOC designation) offers potential future development opportunity as well.
  • Living Area: 10380
  • Probate: No
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 16.00
  • Den: 0
  • Price Per S Q F T: 442.68

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 12

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 251081
  • Assessed Land Value: 196433
  • Assessor Parcel Number: 5591-002-006
  • Geocode Override: No
  • Lot Size Area: 14000

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.25
  • Number Of Units: 16
  • Rent Control: 100
  • Total Annual Expense: 110619
  • Type Of Units: residential
  • Vacancy Rate: 19%

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $4,500,000 -2.1% $434 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $4,595,000 -- $443 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rob Renshaw

    Seller's Agent in 2020

    Rob Renshaw

    RE/MAX

    (424) 293-4770

    1 in this area

    28 Total Sales

    Rob Renshaw
    Section Image
  • Jonathan Taksa

    Buyer's Agent in 2020

    Jonathan Taksa

    RE/MAX

    (424) 672-8220

    76 Total Sales

    Jonathan Taksa
    Section Image
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Map

Source: The MLS

MLS Number: 20-541038

The MLS
California Los Angeles County Los Angeles 90027 Los Feliz

4230 Los Feliz Blvd, Los Angeles, CA

This home is located at 4230 Los Feliz Blvd, Los Angeles, CA 90027 since 06 January 2020. This property was built in 1948. 4230 Los Feliz Blvd is a home located in Los Angeles County with nearby schools including Franklin Avenue Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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