NOT LISTED FOR SALE

5642 Klump Ave Los Angeles, CA 91601

North Hollywood Neighborhood
9 Beds
8 Baths
3,976 Sq Ft
4,790 Sq Ft Lot

Last Sold March 19, 2021

Last sale price $1,761,000 $443 Per Sq Ft

17 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of March 2021

5642 Klump Ave is a desirable small size apartment building that offers strong market rate current income. This asset is located in North Hollywood's Opportunity Zone. The building interiors and exterior was completely remodeled in 2020 including a new roof, ac, professionally designed kitchens, recessed lighting, quartz countertops, luxury bathrooms, private patios & a newly surfaced parking lot. North Hollywood has seen tremendous growth with a surge of development over the last decade due to its proximity to major employment areas, transportation facilities, and shopping, and entertainment establishments in the NoHo Arts District.

Last Agent to Sell the Property

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 01/15/2021

Last Buyer's Agent

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 01/15/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 4,790 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 3,976 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • The owner pays for water, gardener
  • Assessor Parcel Number 2337-032-015

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • Vacancy Allowance $4,063

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: We are pleased to present for sale a 5 unit multifamily building located at 5642 Klump Ave, North Hollywood, CA 91601. Originally constructed in 1964 the property was taken down to the studs and beautify renovated in 2020. The 3,976 square foot property is situated on a 4,789 square foot lot. It's located just North of Burbank Blvd between Tujunga and Vineland. The building consists of one Studio, one 2BD/1BA, two 2BD/2BA, and one 3BD/2BA units. This deal provides an investor the chance to benefit from an already stabilized asset with the highest in place CAP rate in an Opportunity Zone the desirable NOHO Arts District.
  • Living Area: 3976
  • Lot Acreage: 0.1100
  • Price Per Unit: 350000.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Tile
  • Bedrooms: 9
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Microwave
  • Price Per S Q F T: 440.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 5

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Heating: Central
  • Water Heaters: No

Lot Info

  • Assessed Improvement Percent: 35.48
  • Assessed Improvement Value: 291784
  • Assessed Land Percent: 64.52
  • Assessed Land Value: 530519
  • Total Assessed Value: 822303
  • Assessor Parcel Number: 2337-032-015
  • Lot Size Area: 4790

Rental Info

  • Total Actual Rent: 135420.00
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.92
  • Number Of Units: 5
  • Rent Control: 5
  • Total Annual Expense: 40405
  • Type Of Units: Multi-Family
  • Vacancy Allow: 4063
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Range of Values:

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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
03/19/2021 03/19/21 Sold $1,761,000 +0.6% $443 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $1,750,000 -- $440 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joshua Luchs

    Seller's Agent in 2021

    Joshua Luchs

    Kidder Mathews of California, Inc.

    (818) 231-2477

    2 in this area

    8 Total Sales

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Map

Source: The MLS

MLS Number: 21-681758

The MLS

California Los Angeles County Los Angeles 91601 North Hollywood

5642 Klump Ave, Los Angeles, CA

This home is located at 5642 Klump Ave, Los Angeles, CA 91601 since 15 January 2021. This property was built in 1964. 5642 Klump Ave is a home located in Los Angeles County with nearby schools including Lankershim Elementary School, Walter Reed Middle, and East Valley Senior High School.

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