NOT LISTED FOR SALE

4575 Maplewood Ave Unit 9 Los Angeles, CA 90004

East Hollywood Neighborhood
-- Bed
-- Bath
8,616 Sq Ft
7,550 Sq Ft Lot

Last Sold August 06, 2018

Last sale price $2,100,000 $244 Per Sq Ft

25 Days on Market

About This Home

As of August 2018

The Maplewood Apartments at 4575 Maplewood Ave. This prominent mid-century design was built in 1961 and has been in the hands of the sameowners for 40 years. The unit mix at the 8,616-square-foot property (on a 7,550 square-foot lot) is two studio units, two one-bedroom/one-bath units, and six two-bedroom/one-bath units. With virtually no updates or renovations done on the building, The Maplewood Apartments represents a blank slate for a renovation-minded investor. The purchaser has the ability to remodel and update the units to attract higher-paying tenants who are moving to Koreatown for its hip vibe, cultural diversity, and walkability. The Maplewood Apartments is situated in LA's Koreatownneighborhood. This area north of Beverly Blvd and south of Melrose Ave. was previously overlooked by developers and apartment hunters. Now there are new numerous construction projects being built and proposed.

Last Agent to Sell the Property

Peter Strauss

Iconic Investments License #01335696 Listed on: 04/01/2018

Last Buyer's Agent

Peter Strauss

Iconic Investments License #01335696 Listed on: 04/01/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,550

Interior Spaces

  • 8,616 Sq Ft Home
  • Ceiling Fan
  • Disposal

Parking

  • 9 Parking Spaces
  • Tandem Parking

Additional Features

  • 7,550 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5521-010-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8616
  • Year Built: 1961
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 261.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Tandem
  • Total Parking: 9

Utilities

  • Cooling: Ceiling Fan
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 398131
  • Assessed Land Value: 112005
  • Assessor Parcel Number: 5521-010-013
  • Geocode Override: No
  • Lot Size Area: 7550

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.33
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 61034
  • Type Of Units: No
  • Vacancy Rate: 95

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
08/06/2018 08/06/18 Sold $2,100,000 -6.7% $244 / Sq Ft
04/01/2018 04/01/18 For Sale $2,250,000 -- $261 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Peter Strauss

    Iconic Investments

    Section Image
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Map

Source: The MLS

MLS Number: 18-332154

The MLS
California Los Angeles County Los Angeles 90004 East Hollywood

4575 Maplewood Ave Unit 9, Los Angeles, CA

This home is located at 4575 Maplewood Ave Unit 9, Los Angeles, CA 90004 since 01 April 2018. This property was built in 1961. 4575 Maplewood Ave Unit 9 is a home located in Los Angeles County with nearby schools including Harvard Elementary School, Virgil Middle School, and Fairfax High School.

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