NOT LISTED FOR SALE
12 Beds
2 Baths
6,072 Sq Ft
10,320 Sq Ft Lot

Last Sold January 15, 2016

Last sale price $3,050,000 $502 Per Sq Ft

1 Day on Market

Highlights

  • 1-Story Property
  • John Marshall Senior High Rated A
  • 5-minute walk to Madison Avenue Park

About This Home

As of January 2016

12 beautifully renovated 1 bed/1 bath courtyard-style apartments subject to rent control. Situated on 10,319 ft of R3 land in rapidly gentrifying East Hollywood, walking distance to Sunset Junction in Silver Lake and the Vermont Red Line Station. The property was taken down to the studs and totally rebuilt with permits in 2010-11. All units have washer / dryer, dishwasher, garbage disposal, AC, and private outdoor space. Low maintenance due to all new roofs, plumbing, electric, etc. Secured by keypad lock and security cameras. Street parking only. Even though property is rent-controlled all units are at or just below market.This is a great property for someone looking for a turn-key asset that is completely remodeled with no work required. Just sit back and collect your checks.EMAIL FOR A COMPLETE SETUP WITH RENT ROLL, EXPENSES, ETC.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 01/07/2016

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 01/07/2016

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 10,320 Sq Ft Lot

Interior Spaces

  • 6,072 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 2 Bathrooms

Utilities

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

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-002-014

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: 6072
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 526.19

Exterior Features

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

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 717227
  • Assessed Land Value: 1429331
  • Assessor Parcel Number: 5539-002-014
  • Geocode Override: No
  • Lot Size Area: 10320

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.30
  • Number Of Units: 12
  • Rent Control: 100%
  • Total Annual Expense: 71000
  • Type Of Units: Income
  • Vacancy Rate: 0%

Range of Values:

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ICE

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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
01/15/2016 01/15/16 Sold $3,050,000 -4.5% $502 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $3,195,000 -- $526 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-969551

The MLS