$3,250,000
SOLD JAN 15, 2025
18 Beds
16 Baths
11,208 Sq Ft
0.3 Acres

Recently Sold

$290 Per Sq Ft

4% Above List Price

15 Days on Market

About This Home

As of January 2025

9.99 GRM . 6.53 CAP (Estimated) on existing income . Nestled in the desirable Wilshire Park neighborhood , this well-located multi-unit property offers an exceptional opportunity for investors. Positioned within walking distance of Hancock Park and Koreatown , with the upscale Miracle Mile neighborhood just a short drive to the west, the location provides excellent access to some of Los Angeles' most vibrant areas.The property has undergone substantial upgrades, including full copper plumbing and new vinyl windows. Walking distance to Metro. Huge double lot. OFFERS ARE DUE BY MONDAY NOVEMBER 25 AT 12PM. ALL OFFERS SHOULD INCLUDE PROOF OF FUNDS AND PREAPPROVAL LETTER .

Last Agent to Sell the Property

Maria Samouha

Coldwell Banker Realty License #01770340 Listed on: 11/14/2024

Coldwell Banker Realty

Last Buyer's Agent

Maria Samouha

Coldwell Banker Realty License #01770340 Listed on: 11/14/2024

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Interior Spaces

  • 11,208 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 16 Bathrooms

Parking

  • 13 Car Detached Garage
  • Detached Carport Space

Additional Features

  • 0.3 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5092-001-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 11208
  • Lot Acreage: 0.2981
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 16.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 279.26

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached, Detached
  • Total Parking: 13

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 29.41
  • Assessed Improvement Value: 866380
  • Assessed Land Percent: 70.59
  • Assessed Land Value: 2079324
  • Total Assessed Value: 2945704
  • Assessor Parcel Number: 5092-001-031
  • Lot Size Area: 12984

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.99
  • Number Of Units: 16
  • Total Annual Expense: 99672
  • Type Of Units: Apartment
  • Vacancy Rate: %3

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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
01/15/2025 01/15/25 Sold $3,250,000 +3.8% $290 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $3,130,000 -- $279 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-463889

The MLS