NOT LISTED FOR SALE

4248 Arch Dr Studio City, CA 91604

5 Beds
4 Baths
9,626 Sq Ft
9,474 Sq Ft Lot

Last Sold August 09, 2013

Last sale price $2,850,000 $296 Per Sq Ft

30 Days on Market

About This Home

As of August 2013

KW Commercial is pleased to represent the Pride-of-Ownership non rent control building located in the affluent neighborhood of Studio City. The building is on a quiet cul-de-sac within walking distance of Ventura Boulevard.

The building has a total of 9,626 square feet and is situated on a 9,540 square foot lot. The improvements consist of (6) 2 bedroom/2 bath units, (2) 2 bedroom/1 bath units, and (4) 1 bedroom/1 bath units. It is a security building with subterranean parking and a lot of the units have upgraded kitchens and bathrooms and pergo flooring.

The building is centrally located and has close access to 101, 134, 170, 405, and 5 freeways, you can get anywhere throughout greater Los Angeles. The METRO Train Station at Universal City, along with outstanding restaurants, shopping, and entertainment are all just minutes away.

The property is well maintained and separately metered for gas and electric.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 04/15/2013

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 9,474 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 9,626 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 22 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 4852
  • Tax Tract Number 1436
  • Assessor Parcel Number 2366025010

Community Details

Overview

  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,983
  • Maintenance Expense $10,428
  • Trash Expense $1,708
  • Water Sewer Expense $5,645
  • New Taxes Expense $36,000
  • Gross Income $18,105
  • Net Operating Income $140,032

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5645.00
  • Property Type: Residential Income
  • Parcel Number: 2366025010
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 296.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 1708.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9474.00
  • Lot Size Acres: 0.2170

Multi Family

  • Gross Income: 18105.00
  • Gross Scheduled Income: 217260.00
  • Insurance Expense: 2983.00
  • Lot Size Area: 9474.0000 Square Feet
  • Maintenance Expense: 10428.00
  • Net Operating Income: 140032.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 66782.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 36000.00
  • Taxes Percent: 1.20
  • Tax Lot: 4852
  • Tax Tract Number: 1436
  • Tax Year: 2012

Range of Values:

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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
08/09/2013 08/09/13 Sold $2,850,000 -4.8% $296 / Sq Ft
05/15/2013 05/15/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $2,995,000 -- $311 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2013

    Cindy Hill

    Equity Union

    (818) 640-8360

    1 in this area

    76 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13066907

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Studio City 91604

4248 Arch Dr, Studio City, CA

This home is located at 4248 Arch Dr, Studio City, CA 91604 since 15 April 2013. This property was built in 1987. 4248 Arch Dr is a home located in Los Angeles County with nearby schools including Rio Vista Elementary, Walter Reed Middle, and North Hollywood Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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