$1,800,000
PENDING

Estimated payment $11,579/month

Total Views 1,818
12 Beds
10 Baths
4,116 Sq Ft
$437 Price per Sq Ft

About This Home

GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a 4-unit multi-family structure. The renovated units are a mixture of (4) 2 bedroom units. There are 4 additional non-conforming remodels. All but two of the units are furnished and vacant, ready for a new owner to come and work their magic.

Listing Agent

Alvin Scioneaux

Lee & Associates Investments Services Group Inc License #02204613 Listed on: 10/10/2024

Co-Listing Agent

Phil Boroda

Coldwell Banker Realty License #00822192

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,309

Year Built

  • Built in 1921

Lot Details

  • 6,251 Sq Ft Lot

Parking

  • Driveway

Home Design

  • 4,116 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5538-017-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,309

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 4116
  • Lot Acreage: 0.1435
  • Year Built: 1921
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Common Walls: Attached
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 437.32

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 510000
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 1020000
  • Total Assessed Value: 1530000
  • Assessor Parcel Number: 5538-017-024
  • Lot Size Area: 6251

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.70
  • Number Of Units: 4
  • Total Annual Expense: 40000
  • Type Of Units: Mixed
  • Vacancy Rate: 5

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $19,309 $1,560,600 $1,040,400 $520,200
2023 $18,937 $1,530,000 $1,020,000 $510,000
2022 $18,060 $1,500,000 $1,000,000 $500,000
2021 $6,329 $492,058 $388,937 $103,121
2020 $6,386 $487,013 $384,949 $102,064
2019 $6,148 $477,464 $377,401 $100,063
2018 $6,005 $468,102 $370,001 $98,101
2016 $5,703 $449,928 $355,635 $94,293
2015 $5,623 $443,171 $350,294 $92,877
2014 $5,666 $434,491 $343,433 $91,058
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $1,800,000 +20.0% $437 / Sq Ft
08/31/2021 08/31/21 Sold $1,500,000 +22.4% $364 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $1,225,000 -- $298 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Trustee Deed $2,969,649 Lawyers Title
Interfamily Deed Transfer -- Clearmark Title Company
Grant Deed $1,500,000 Clearmark Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,725,000 Construction
Source: Public Records

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Source: The MLS

MLS Number: 24-451451

The MLS

APN: 5538-017-024