NOT LISTED FOR SALE

4440 Burns Ave Los Angeles, CA 90029

East Hollywood Neighborhood
20 Beds
21 Baths
8,936 Sq Ft
9,300 Sq Ft Lot

Last Sold September 15, 2014

Last sale price $1,935,000 $217 Per Sq Ft

59 Days on Market

About This Home

As of September 2014

We are pleased to offer for sale a twenty unit apartment community located at 4440 Burns Avenue, just south of Santa Monica Boulevard and east of Vermont Avenue. The property's proximity to Los Angeles City College and the Metro Station provide convenient housing in a rapidly gentrifying sub-market.The subject property is a two-story building consisting entirely of single units. Well located in a redeveloping area with a dense rental base, the property offers the opportunity to raise rents and substantially increase revenue. Due to its 1924 construction, the property is subject to Los Angeles rent control statutes. The subject property allows an investor to acquire a 1920's vintage apartment asset in a desirable location with substantially below market rents.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 05/04/2014

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 05/04/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 9,300 Sq Ft Lot

Parking

  • 7 Parking Spaces

Interior Spaces

  • 8,936 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 21 Bathrooms

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-010-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8936
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 21.00
  • Den: 0
  • Price Per S Q F T: 229.41

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 7

Lot Info

  • Assessed Improvement Value: 310949
  • Assessed Land Value: 207280
  • Assessor Parcel Number: 5539-010-006
  • Geocode Override: No
  • Lot Size Area: 9300

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 10.91
  • Number Of Units: 20
  • Total Annual Expense: 93876
  • Type Of Units: S
  • Vacancy Rate: 3.0

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
09/15/2014 09/15/14 Sold $1,935,000 -7.9% $217 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
05/04/2014 05/04/14 For Sale $2,100,000 -- $235 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2014

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    3 in this area

    67 Total Sales

    Sean Rosenzweig
    Section Image
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Map

Source: The MLS

MLS Number: 14-761951

The MLS
California Los Angeles County Los Angeles 90029 East Hollywood

4440 Burns Ave, Los Angeles, CA

This home is located at 4440 Burns Ave, Los Angeles, CA 90029 since 04 May 2014. This property was built in 1924. 4440 Burns Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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