$1,650,000
UNDER CONTRACT $19K PRICE DROP

Estimated payment $10,684/month

Total Views 8,503
8 Beds
6 Baths
5,242 Sq Ft
$315 Price per Sq Ft

Highlights

  • Property is near public transit
  • Bay Window
  • Cooling System Mounted To A Wall/Window
  • Corner Lot
  • Crown Molding
  • Ceramic Countertops

About This Home

6 UNITS (2 delivered VACANT; 2 more possible delivered VACANT as 'cash-for keys' negotiable; 4 VACANT possible) MUCH HIGHER CASHFLOW! ...in a beautiful area of Hollywood. ADU Possible! (2) Two-bedroom, and (4) One bedroom units of good size, total living area 5,242sq/ft! This corner property won't last long! Current rents are decent with the HUGE rent increase potential OR potentially convert to a Condo Complex! Centrally located! 6-UNIT HOLLYWOOD APARTMENT - REDUCED OVER $150K!!! MOVE-IN READY 1-2 VACANT UNITS! LIVE IN RENT THE OTHERS!

Listing Agent

Christian Gastelum

Premier Properties of Pasadena Brokerage Email: chris.premierpasadena@gmail.com License #01371788 Listed on: 05/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,710 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Corner Lot
  • No Sprinklers
  • Front Yard

Parking

  • 6 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Plaster

Interior Spaces

  • 5,242 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Awning
  • Bay Window
  • Garden Windows
  • Living Room

Kitchen

  • Gas Range
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1210
  • Tax Tract Number 190
  • Assessor Parcel Number 5534003001
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $119
  • Fuel Expense $80
  • Insurance Expense $2,874
  • Professional Management Expense $600
  • Trash Expense $1,500
  • Water Sewer Expense $3,500
  • Operating Expense $15,264
  • Gross Income $117,078
  • Net Operating Income $101,814

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 5.43
  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Window Bars, Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 3500.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5534003001
  • Year Built: 1940
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding, Ceramic Counters, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 314.77
  • Room Type: Living Room, Kitchen
  • Window Features: Bay Window(s), Garden Window(s)

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Single Door, Asphalt
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Urban, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Corner Lot, Sprinklers None, Near Public Transit
  • Lot Size Sq Ft: 6710.00
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Cable TV, Telephone, Gas, Electricity

Multi Family

  • Electric Expense: 119.00
  • Fuel Expense: 80.00
  • Gross Income: 117078.00
  • Gross Multiplier: 16.01
  • Gross Scheduled Income: 117078.00
  • Insurance Expense: 2874.00
  • Lot Size Area: 6710.0000 Square Feet
  • Net Operating Income: 101814.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 15264.00
  • Rent Control: Yes
  • Total Expenses: 15264.00

Tax Info

  • Tax Lot: 1210
  • Tax Tract Number: 190...

Map

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
06/28/2025 06/28/25 Price Changed $1,650,000 -1.1% $315 / Sq Ft
06/26/2025 06/26/25 For Sale $1,669,000 0.0% $318 / Sq Ft
06/16/2025 06/16/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $1,669,000 -- $318 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22098

Pasadena-Foothills Association of REALTORS®