$1,950,000
SOLD FEB 10, 2025
4 Beds
8 Baths
4,464 Sq Ft
7,501 Sq Ft Lot

Recently Sold

$437 Per Sq Ft

19% Below List Price

107 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Front Yard

About This Home

As of February 2025

Beautiful 8-plex comprising of four studios and four one-bedroom apartments with 7 assigned parking spaces. This property is located in the heart of Franklin Village in prime Hollywood, is half a block from shops cafes and restaurants and UCB theater and one block from the Gelson's supermarket. First time on the market in 40 years.

Last Agent to Sell the Property

Iacopo Wachter

First American Team Realty Inc Brokerage Phone: 310-922-5195 License #01487692 Listed on: 09/13/2024

Last Buyer's Agent

Jared Levine

Keller Williams Realty Calabasas License #01804008

Keller Williams Realty Calabasas

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1930

Lot Details

  • 7,501 Sq Ft Lot
  • No Common Walls
  • Front Yard

Interior Spaces

  • 4,464 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 34
  • Tax Tract Number 189
  • Assessor Parcel Number 5586014006
  • $1,146 per year additional tax assessments

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $4,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,440
  • Operating Expense $6,640
  • Gross Income $99,216
  • Net Operating Income $92,576

Property Details

Home Type

Apartment

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Price Per Unit: 262500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1440.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5586014006
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 436.83

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 99216.00
  • Gross Scheduled Income: 160836.00
  • Gross Spendable Income: 99216.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 92576.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number Wall A C: 8
  • Operating Expense: 6640.00
  • Rent Control: Yes
  • Total Actual Rent: 8268.00
  • Total Expenses: 6640.00

Tax Info

  • Tax Census Tract: 1895.01
  • Tax Lot: 34
  • Tax Tract Number: 189...
  • TaxOtherAnnualAssessmentAmount: 1146.00

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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
02/10/2025 02/10/25 Sold $1,950,000 -7.1% $437 / Sq Ft
11/14/2024 11/14/24 Price Changed $2,100,000 -4.5% $470 / Sq Ft
09/26/2024 09/26/24 Price Changed $2,200,000 -8.3% $493 / Sq Ft
09/13/2024 09/13/24 For Sale $2,400,000 -- $538 / 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: PW24191294

California Regional Multiple Listing Service (CRMLS)