NOT LISTED FOR SALE

5425 Santa Monica Blvd Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $8,080,321

-- Bed
-- Bath
27,192 Sq Ft
$297/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $7,700,000 $283 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $51,937/month

154 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • 5-minute walk to Lexington Park
  • STEM Academy at Bernstein High Rated A-

About This Home

As of May 2022

5425 Santa Monica Boulevard in Los Angeles, CA 90029. Built in 1925, this prime mixed-use opportunity consists of 30 apartment units and 6,500 SF of commercial space located in the Hollywood Studio District of Los Angeles. This four-story building features 24 singles, 6 one-bedrooms, and 4 retail or office spaces.This offering presents the investor the opportunity to purchase a well-maintained property with stable cash flow of 5.49% on current income. The apartment units offer over 14% rental upside as units turn along with rental increases throughout the leases of the commercial tenants. Additionally, an investor will have the opportunity to increase cash flow with the addition of signage on the east side of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 92 and offers direct access to the 101 Freeway and a quick walk to to both the Western/Hollywood Blvd Station and the Vermont/Santa Monica Blvd Station.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 09/15/2021

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 09/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $98,997

Year Built

  • Built in 1925

Lot Details

  • 6,931 Sq Ft Lot
  • Lot Dimensions are 66x105

Interior Spaces

  • 27,192 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Oven or Range

Flooring

  • Wood
  • Laminate

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 34 Units

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 5536-010-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$98,997

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 27192
  • Lot Acreage: 0.1591
  • Lot Dimensions: 66x105
  • Stories: 4
  • Year Built: 1925
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Hardwood
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 305.24

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 57.14
  • Assessed Improvement Value: 1801573
  • Assessed Land Percent: 42.86
  • Assessed Land Value: 1351178
  • Total Assessed Value: 3152751
  • Assessor Parcel Number: 5536-010-020
  • Lot Size Area: 6931

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.92
  • Number Of Units: 34
  • Total Annual Expense: 212977
  • Type Of Units: Apts and Com
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
May 11, 2022
Sold by
Mmz Apartment Investments Llc
Bought by
5425 Santa Monica Blvd Property Llc
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$8,300,000
Sold Price
$7,700,000
Premium/Discount to List
-$600,000
-7.23%
Current Estimated Value
$8,080,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,321
Avg. Annual Appreciation
1.47%
Original Mortgage
$5,640,000
Outstanding Balance
$5,374,094
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$2,706,227

Purchase Details

Closed on
Aug 20, 2012
Sold by
D & A Semi Annual Mortgage Fund Iii Lp
Bought by
Mmz Apartment Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
3.49%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 9, 2011
Sold by
Moghadam Bahman Hariri and 808 Ashland Living Trust
Bought by
D & A Semi Annual Mortgage Fund Iii L P

Purchase Details

Closed on
Jan 21, 2000
Sold by
Jacoby Lyn
Bought by
Jacoby Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$669,960
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2000
Sold by
Noble Ira 3 514 Pacific National Bk Cstdn Fbo
Bought by
5425 S M B Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$669,960
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2000
Sold by
Wochner Family B Trust
Bought by
Wochner Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$669,960
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 1996
Sold by
Commerce Bank
Bought by
Pacific National Bank and Jay Noble Ira

Purchase Details

Closed on
Jul 25, 1994
Sold by
Fidelity Reconveyance Inc
Bought by
Bernstein Oscar
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
5425 Santa Monica Blvd Property Llc $7,700,000 North American Title
Mmz Apartment Investments Llc $2,800,028 Chicago Title Company
D & A Semi Annual Mortgage Fund Iii L P $300,000 None Available
Jacoby Scott -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
Jayne Dolores -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
Wochner Steven -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
5425 S M B Ltd -- Fidelity Title
Wochner Linda K -- Fidelity Title
Pacific National Bank -- --
Bernstein Oscar $486,814 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5425 Santa Monica Blvd Property Llc $5,640,000
Previous Owner Mmz Apartment Investments Llc $1,500,000
Previous Owner Mmz Apartment Investments Llc $1,425,000
Previous Owner 5425 Smb Ltd $126,000
Previous Owner Moghadam Bahman Hariri $1,250,000
Previous Owner 5425 S M B Ltd Partnership $1,690,000
Previous Owner 5425 S M B Ltd $669,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $7,700,000 -7.2% $283 / Sq Ft
02/17/2022 02/17/22 For Sale $8,300,000 +7.8% $305 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/15/2022 02/15/22 Off Market $7,700,000 -- --
09/15/2021 09/15/21 For Sale $8,300,000 -- $305 / Sq Ft
Source: The MLS

Tax History Compared to Growth

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 $98,997 $8,171,301 $6,897,852 $1,273,449
2024 $98,997 $8,011,080 $6,762,600 $1,248,480
2023 $97,093 $7,854,000 $6,630,000 $1,224,000
2022 $40,727 $3,249,120 $1,392,479 $1,856,641
2021 $40,085 $3,185,413 $1,365,176 $1,820,237
2019 $38,970 $3,106,088 $1,324,685 $1,781,403
2018 $38,725 $3,045,482 $1,298,711 $1,746,771
2016 $36,678 $2,912,659 $1,248,282 $1,664,377
2015 $36,161 $2,868,909 $1,229,532 $1,639,377
2014 $36,286 $2,812,712 $1,205,448 $1,607,264
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    4 in this area

    92 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 21-791998

The MLS

APN: 5536-010-020

California Los Angeles County Los Angeles 90029 East Hollywood

5425 Santa Monica Blvd, Los Angeles, CA

This home is located at 5425 Santa Monica Blvd, Los Angeles, CA 90029 since 15 September 2021 and is currently estimated at $8,080,321, approximately $297 per square foot. This property was built in 1925. 5425 Santa Monica Blvd is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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