NOT LISTED FOR SALE
5 Beds
5 Baths
8,107 Sq Ft
7,259 Sq Ft Lot

Last Sold October 21, 2021

Last sale price $3,605,000 $445 Per Sq Ft

131 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of October 2021

Pleased to present a 9 Unit Apartment built in 1990, located in Noho Art Districts and just a short walk to Metro Station, NoHo West Development on Oxnard, and countless shops, bars and restaurants on Lankershim Blvd. Great unit mix consisting of One (1): 2 Bed + 2 Bath townhouse, Four (4): 2 Bed + 2 Bath and Four (4): 1 Bed + 1 Bath unit. The roof has a 6 year warranty remaining, boiler was replaced within the year, and Six (6) units have been recently remodeled.

Last Agent to Sell the Property

David Nalbandyan

LA Premier Realty License #01869296 Listed on: 02/25/2021

Last Buyer's Agent

Alen Zaman

Rodeo Realty License #01988669

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 7,259 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 15 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 8,107 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1316
  • Assessor Parcel Number 2350005037

Community Details

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $2,895
  • Maintenance Expense $3,000
  • Professional Management Expense $9,629
  • Trash Expense $3,543
  • Water Sewer Expense $12,222
  • Security Expense $955
  • New Taxes Expense $45,540
  • Operating Expense $78,744
  • Gross Income $247,020
  • Net Operating Income $165,628

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

15

Listing Details

  • CapRate: 4.61
  • Professional Management Expense: 9629.00
  • Property Attached: Yes
  • Security Expense: 955.00
  • Water Sewer Expenses: 12222.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 2350005037
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 444.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Total Parking Spaces: 15.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3543.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7259.00
  • Lot Size Acres: 0.1666

Multi Family

  • Gross Income: 247020.00
  • Gross Multiplier: 14.55
  • Gross Scheduled Income: 247020.00
  • Insurance Expense: 2895.00
  • Lot Size Area: 7259.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 165628.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 76500.00
  • Rent Control: No
  • Total Expenses: 78744.00

Tax Info

  • New Taxes Expense: 45540.00
  • Tax Census Tract: 1253.10
  • Tax Lot: 11
  • Tax Tract Number: 1316

Range of Values:

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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
10/21/2021 10/21/21 Sold $3,605,000 +0.3% $445 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
05/18/2021 05/18/21 Price Changed $3,595,000 -5.3% $443 / Sq Ft
02/25/2021 02/25/21 For Sale $3,795,000 0.0% $468 / Sq Ft
11/06/2017 11/06/17 Rented $1,845 0.0% --
11/03/2017 11/03/17 Sold $3,125,000 0.0% $385 / Sq Ft
11/01/2017 11/01/17 Price Changed $1,795 -2.7% $2 / Sq Ft
10/27/2017 10/27/17 For Rent $1,845 0.0% --
10/16/2017 10/16/17 Pending -- -- --
07/24/2017 07/24/17 For Sale $3,195,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB21033609

California Regional Multiple Listing Service (CRMLS)