NOT LISTED FOR SALE

4617 Willis Ave Los Angeles, CA 91403

62 Beds
57 Baths
41,756 Sq Ft
41,552 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $14,600,000 $350 Per Sq Ft

26 Days on Market

Highlights

  • In Ground Pool
  • Gated Parking
  • Central Heating and Cooling System
  • Van Nuys High School Rated A
  • 0.95 Acre Lot

About This Home

As of September 2021

The Esplanade Apartments is a very rare opportunity to own a larger, extremely well-located asset that has very spacious Condo-Like Units. The property has been in the same family over 30 years and current ownership has nicely renovated approximately half of the units. The property has a variety of very spacious floorplans with the unit types as follows: Sixteen One Bedroom/One Baths, Sixteen Two Bedroom/Two Bath, Two Three Bedroom/Two Baths and Two Three Bedroom/Three Bath Units. All units feature Central A/C & Heat. The property also has a very nice pool & courtyard area, nicely landscaped grounds, intercom entrance, on-site laundry and gated parking (53 Spaces). Please contact Listing Agents for Marketing Package.

Last Agent to Sell the Property

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 07/28/2021

Co-Listed By

Jeff Louks

Marcus & Millichap License #00908473

Last Buyer's Agent

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 07/28/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.95

Interior Spaces

  • 41,756 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 62 Bedrooms
  • 57 Bathrooms

Parking

  • 53 Parking Spaces
  • Covered Parking
  • Gated Parking

Additional Features

  • In Ground Pool
  • 0.95 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2264-006-024

Community Details

Overview

  • 2 Buildings
  • 38 Units

Recreation

  • Community Pool

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.95 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 41756
  • Lot Acreage: 0.9539
  • Probate: No
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 62
  • Total Bathrooms: 57.00
  • Equipment: Range/Oven, Dishwasher
  • Price Per S Q F T: 341.27

Exterior Features

  • Other Structures: None
  • Pool Description: Community
  • Pool: Yes

Garage/Parking

  • Parking Garage: Gated, Covered Parking
  • Total Parking: 53

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 48.28
  • Assessed Improvement Value: 4284000
  • Assessed Land Percent: 51.72
  • Assessed Land Value: 4590000
  • Total Assessed Value: 8874000
  • Assessor Parcel Number: 2264-006-024
  • Lot Size Area: 41552

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.40
  • Number Of Units: 38
  • Rent Control: 100
  • Type Of Units: Flat
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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 List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $14,600,000 +2.5% $350 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $14,250,000 -- $341 / Sq Ft
Source: The MLS

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 $187,838 $15,493,636 $9,550,872 $5,942,764
2024 $187,838 $15,189,840 $9,363,600 $5,826,240
2023 $184,221 $14,892,000 $9,180,000 $5,712,000
2022 $175,722 $14,600,000 $9,000,000 $5,600,000
2021 $55,989 $4,318,241 $1,295,466 $3,022,775
2020 $56,493 $8,879,300 $4,590,000 $4,289,300
2019 $54,406 $4,195,462 $1,257,043 $2,938,419
2018 $53,646 $4,113,303 $1,232,396 $2,880,907
2016 $50,854 $3,948,487 $1,184,542 $2,763,945
2015 $50,154 $3,889,178 $1,166,750 $2,722,428
2014 $50,552 $3,812,995 $1,143,895 $2,669,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-766472

The MLS
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