$2,199,000

Estimated payment $14,581/month

Total Views 1,469
8 Beds
4 Baths
5,347 Sq Ft
$411 Price per Sq Ft

Highlights

  • Living Room with Fireplace
  • Spanish Architecture
  • Covered Patio or Porch
  • Wood Flooring
  • Granite Countertops
  • Balcony

About This Home

Don't miss the opportunity to own this vast 4 unit building with outstanding unit mix in one of the most central and sought after locations in L.A.! Situated in the highly desirable Beverly/Grove neighborhood, amidst iconic attractions such as The Grove, The Original Farmers Market, Canter's Deli and more! Here you'll find (1) One Bed/One Bath; (2) Two Bed/One Bath; (1) Three Bed/Two Bath. The units have been tastefully updated over time yet still full of original charm! Interior features include: granite countertops and stainless steel appliances in 3 of 4 kitchens. Hardwood flooring, updated bathrooms, Central A/C (in 1 unit) with wall units in the remaining units. All 4 have their own washer-dryers and so much more! The property features 4 private parking garages complete with automatic door openers, a total of 7 parking spaces and some additional outdoor community space that can be reimagined or used as is. Also conveniently located to CBS, fine dining, nightlife, entertainment & shopping on Melrose, Fairfax and Beverly Boulevard! This beautiful Spanish Four-plex is ideal for owner-users wanting to live in this bustling neighborhood or investors wanting to maximize the rents at this location. Come see the large 2/1 unit for yourself to see what an amazing opportunity and community awaits. This is your chance to make it your own!

Listing Agent

Debbie Pashkoff

Equity Union License #01939964 Listed on: 07/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,382

Year Built

  • Built in 1928

Lot Details

  • 6,151 Sq Ft Lot
  • Lot Dimensions are 50x123
  • West Facing Home
  • Fenced
  • Level Lot

Parking

  • 4 Car Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Quadruplex
  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,347 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5527-027-036

Community Details

Overview

  • 4 Units
  • Power Property Group Association

Building Details

  • Rent Control
  • Vacancy Allowance $9,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,382

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5347
  • Lot Acreage: 0.1412
  • Lot Dimensions: 50x123
  • Price Per Unit: 549750.00
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 4
  • Number Disposal: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Appliances: Cooktop - Gas, Microwave, Oven
  • Bedrooms: 8
  • Bathroom Features: Shower and Tub
  • Kitchen Features: Granite Counters
  • Laundry: In Unit, Inside
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Washer, Refrigerator, Ceiling Fan, Dishwasher, Range/Oven, Garbage Disposal, Microwave
  • Price Per S Q F T: 411.26

Exterior Features

  • Direction Faces: West
  • Construction: Stucco, Wood Siding
  • Other Features: Balcony
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Patio: Balcony, Porch - Front, Covered Porch
  • Pool: No
  • Roof: Flat, Tile
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 3
  • Covered Parking: 4
  • Garage Structures: 1
  • Number Rented Garages: 1
  • Parking Garage: Garage Is Detached, Private Garage, Driveway
  • Total Parking: 7

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Ceiling Fan, Wall Unit(s)
  • Heating: Wall Gas, Heat Pump
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Water: Public
  • Water Expense: 4436.00
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Power Property Group
  • Mgmt Co Phone: 3105933955|

Fee Information

  • Insurance Expense: 9000.00
  • Maintenance Expense: 26000.00
  • Management Expense: 11000.00
  • Trash Expense: 2160.00

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 18.52
  • Assessed Improvement Value: 520200
  • Assessed Land Percent: 81.48
  • Assessed Land Value: 2288880
  • Total Assessed Value: 2809080
  • Assessor Parcel Number: 5527-027-036
  • Lot Description: Fenced, Gutters, Street Asphalt, Sidewalks, Lot-Level/Flat, Curbs
  • Lot Size Area: 6151

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 10375.69
  • Garage Rental Rate: 50.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Trash Collection, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.00
  • Number Of Units: 4
  • Number Wall A C: 3
  • Rent Control: 100
  • Total Annual Expense: 83864
  • Type Of Units: Fourplex
  • Vacancy Allow: 9000
  • Vacancy Allow Percent: 4.56
  • Vacancy Rate: 25%

Tax Info

  • Tax Expense: 27487.00

MLS Schools

  • School District: Los Angeles Unified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $34,382 $2,865,261 $2,334,657 $530,604
2024 $34,382 $2,809,080 $2,288,880 $520,200
2023 $33,717 $2,754,000 $2,244,000 $510,000
2022 $33,184 $2,788,796 $2,187,292 $601,504
2021 $32,768 $2,734,114 $2,144,404 $589,710
2019 $31,785 $2,653,020 $2,080,800 $572,220
2018 $31,635 $2,601,000 $2,040,000 $561,000
2016 $10,486 $842,342 $499,120 $343,222
2015 $10,336 $829,690 $491,623 $338,067
2014 $10,392 $813,438 $481,993 $331,445
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $2,199,000 -13.8% $411 / Sq Ft
01/20/2017 01/20/17 Sold $2,550,000 +6.5% $477 / Sq Ft
11/01/2016 11/01/16 For Sale $2,395,000 -- $448 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Wfg National Title Co Of Ca
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $2,550,000 Old Republic Title Company
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- Lawyers Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- United General Title Company
Interfamily Deed Transfer -- Multiple
Interfamily Deed Transfer -- Multiple
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $555,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Previous Owner $1,179,000 New Conventional
Previous Owner $1,202,925 New Conventional
Previous Owner $1,260,000 Adjustable Rate Mortgage/ARM
Previous Owner $975,000 Purchase Money Mortgage
Previous Owner $959,000 Unknown
Previous Owner $955,000 Balloon
Previous Owner $250,000 Credit Line Revolving
Previous Owner $150,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $453,000 Purchase Money Mortgage
Previous Owner $444,000 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 25555727

The MLS

APN: 5527-027-036