NOT LISTED FOR SALE
1 Bed
2 Baths
10,112 Sq Ft
6,490 Sq Ft Lot

Last Sold June 16, 2015

Last sale price $1,925,000 $190 Per Sq Ft

9 Days on Market

About This Home

As of June 2015

Vintage late 20's building in the heart of Hollywood. The building is fully-secured front and back, and features an "interior hallway walk up" layout as well as character typical of this vintage - arched doorways, Spanish tile accents, stained glass etc. COPPER PLUMBED TOO! With much of Hollywood being revitalized, this asset could prove to be a ground-floor opportunity for a savvy investor.

Centrally-located . . . close to retail, dining, and the 1010 Freeway, right off the intersection of Santa Monica and Vine. As well as many hospitality, entertainment, and small-business job opportunities, nearby, for the tenancy.

Last Agent to Sell the Property

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706 Listed on: 04/21/2015

Last Buyer's Agent

Brice W. Head, MBA

Re/Max Commercial & Investment License #01330706 Listed on: 04/21/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,499 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 10,112 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 6
  • Assessor Parcel Number 5534022014

Community Details

Overview

  • 16 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $5,000
  • Insurance Expense $3,300
  • Maintenance Expense $6,302
  • Professional Management Expense $12,300
  • Trash Expense $5,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $27,358
  • Gross Income $13,129
  • Net Operating Income $78,513

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

6,499 Sq Ft Lot

Listing Details

  • CapRate: 3.42
  • Professional Management Expense: 12300.00
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 5534022014
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Three Or More

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6499.00
  • Price Per Lot Square Foot: 296.20
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 5000.00
  • Gross Income: 13129.00
  • Gross Multiplier: 14.59
  • Gross Scheduled Income: 157548.00
  • Insurance Expense: 3300.00
  • Lot Size Area: 6499.0000 Square Feet
  • Maintenance Expense: 6302.00
  • Net Operating Income: 78513.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 74309.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 27358.00
  • Tax Lot: 6
  • Tax Tract Number: 6
  • Tax Year: 2014
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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 List to Sale Price per Sq Ft
06/16/2015 06/16/15 Sold $1,925,000 -16.3% $190 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $2,299,000 -- $227 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,761 $2,313,552 $1,322,031 $991,521
2024 $28,761 $2,268,189 $1,296,109 $972,080
2023 $28,225 $2,223,716 $1,270,696 $953,020
2022 $26,952 $2,180,115 $1,245,781 $934,334
2021 $26,582 $2,137,368 $1,221,354 $916,014
2019 $25,809 $2,076,365 $1,185,129 $891,236
2018 $25,678 $2,035,700 $1,161,892 $873,808
2016 $24,455 $1,954,356 $1,116,775 $837,581
2015 $30,605 $2,470,000 $1,000,000 $1,470,000
2014 -- $190,356 $48,774 $141,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15085405

California Regional Multiple Listing Service (CRMLS)
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