NOT LISTED FOR SALE

4617 Willis Ave Los Angeles, CA 91403

62 Beds
57 Baths
41,756 Sq Ft
0.95 Acres Lot

Sale Details

Date Sold: September 9, 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
  • 41,552 Sq Ft 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $190,300 $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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