$3,495,000
$455K PRICE DROP

Estimated payment $22,630/month

Total Views 7,177
15 Beds
9 Baths
7,475 Sq Ft
$468 Price per Sq Ft

About This Home

Built in 1987, this 9-unit apartment building stands as an excellent investment opportunity in the heart of vibrant Los Angeles. Nestled within a bustling urban center, it offers a quiet and well-maintained space, appealing to seasoned investors and newcomers alike. Conveniently situated near major transportation hubs, shopping centers, dining hotspots, and cultural attractions, the property boasts an unbeatable location. Each unit is thoughtfully designed to maximize space and comfort, featuring light-filled rooms and stylish finishes. With a diverse mix of unit sizes, there's something to suit every tenant's needs. On-site amenities enhance the overall living experience, ensuring long-term tenant satisfaction. With a strong rental history and potential for further income growth, this investment property presents an exceptional opportunity to capitalize on the thriving rental market in one of the world's most populous cities. Don't miss your chance to own a piece of prime real estate in this sought-after neighborhood. Schedule a viewing today to seize the opportunity to add this lucrative asset to your investment portfolio. Bonus: Not a Rent Stabilized Property!! Contact Agent regarding loan assumability!!

Listing Agent

Jessica Schrobilgen

Berkshire Hathaway HomeServices California Properties License #01264586 Listed on: 05/03/2024

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,260 Sq Ft Lot
  • Lot Dimensions are 50x145

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,475 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Parking

  • 16 Parking Spaces
  • Covered Parking
  • Controlled Entrance

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 5522-018-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7475
  • Lot Acreage: 0.1667
  • Lot Dimensions: 50x145
  • Stories: 2
  • Year Built: 1987
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 9.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 467.56

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Controlled Entrance, Covered Parking
  • Total Parking: 16

Utilities

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

Lot Info

  • Assessor Parcel Number: 5522-018-021
  • Lot Size Area: 7260

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 13.65
  • Number Of Units: 9
  • Total Annual Expense: 73000
  • Type Of Units: 1 and 2 beds
  • Vacancy Rate: 0%

Map

Range of Values:

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Average Value
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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
08/06/2025 08/06/25 Price Changed $3,495,000 -6.8% $468 / Sq Ft
04/30/2025 04/30/25 Price Changed $3,750,000 -5.1% $502 / Sq Ft
05/03/2024 05/03/24 For Sale $3,950,000 0.0% $528 / Sq Ft
11/10/2020 11/10/20 Rented $2,103 0.0% --
09/19/2020 09/19/20 For Rent $2,103 -- --
Source: The MLS

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Source: The MLS

MLS Number: 24-386727

The MLS