$2,575,000
PENDING

860 N Occidental Blvd Los Angeles, CA 90026

Estimated payment $16,673/month

Total Views 3,173
10 Beds
-- Bath
8,134 Sq Ft
$317 Price per Sq Ft

About This Home

Excellent opportunity to purchase an apartment building in the heart of Silverlake just off of Sunset Boulevard; theproperty is twelve (12) units, all of which are 1+1; significant upside in rents; the units are separately metered for electricityand gas; individual hot water heaters; laundry machines are owned; six (6) closed garages (five (5) are used by the tenantsas storage and one (1) is used for the trash bins)

Listing Agent

David 'Randy' Stevenson

Stevenson Real Estate Services Brokerage Phone: 818-956-7001 License #01228475 Listed on: 12/05/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,678 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 10 Bedrooms
  • 8,134 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Listing and Financial Details

  • Tax Lot 5402
  • Tax Tract Number 2
  • Assessor Parcel Number 5402002016

Community Details

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 12 Separate Water Meters
  • Electric Expense $637
  • Fuel Expense $1,178
  • Insurance Expense $4,084
  • Professional Management Expense $8,262
  • Trash Expense $722
  • Water Sewer Expense $4,118
  • Operating Expense $72,784
  • Gross Income $182,070
  • Net Operating Income $109,286

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 214583
  • Professional Management Expense: 8262.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4118.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5402002016
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 316.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 722.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8678.00
  • Lot Size Acres: 0.1992

Multi Family

  • Electric Expense: 637.00
  • Fuel Expense: 1178.00
  • Gross Income: 182070.00
  • Gross Scheduled Income: 182070.00
  • Insurance Expense: 4084.00
  • Lot Size Area: 8678.0000 Square Feet
  • Net Operating Income: 109286.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12
  • Number Of Units Total: 12
  • Operating Expense: 72784.00
  • Rent Control: Yes
  • Total Expenses: 72784.00

Tax Info

  • Tax Lot: 5402
  • Tax Tract Number: 002

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/27/2024 02/27/24 Pending -- -- --
12/05/2023 12/05/23 For Sale $2,575,000 -- $317 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in Los Angeles, CA

  • 608 N Rampart Blvd, Los Angeles, CA 90026

    $2,295,000

    • 1 Bed
    • 1 Bath
    • 4,040 Sq Ft
    • 608 N Rampart Blvd
    • Los Angeles, CA

    Seller wants to see offers | Reduced $100,000 | 5.4% CAP* | In-Unit Laundry | In Unit Mini-Split AC | Parking.....We are pleased to present Olive on Rampart, a beautifully curated 7-unit multifamily property ideally located on the border of Echo Park and Silver Lake—two of Los Angeles’ most dynamic and desirable neighborhoods. Originally built in 1924/25 and 1960, the property sits on a

    Jared Levine Keller Williams Realty Calabasas

    Section Image
  • 1746 Lucretia Ave, Los Angeles, CA 90026

    $2,999,999

    • 1 Bed
    • 1 Bath
    • 6,700 Sq Ft
    • 1746 Lucretia Ave
    • Los Angeles, CA

    CHARMING 10-UNITS INVESTMENT IN PRIME LOS ANGELES!Two parcels, five units each, located in a quiet neighborhood with beautiful views—just minutes from Dodger Stadium, Echo Park, and local shops. Each unit has separate gas and electric meters; each parcel has its own water meter. —making management simple and cost-efficient. This is perfect for investors seeking immediate rental income or

    May Phan King Realty Group Inc

    Section Image
  • 1325 Douglas St, Los Angeles, CA 90026

    $2,600,000

    • 1 Bed
    • 1 Bath
    • 3,456 Sq Ft
    • 1325 Douglas St
    • Los Angeles, CA

    Discover this prime investment opportunity in Echo Park with this historic 8-unit apartment building. Built in 1923, each charming 1-bed, 1-bath unit offers cozy living spaces. Totaling 3,456 sq ft on a 7,315 sq ft lot, this property is ideal for those seeking urban convenience. Zoned LARD1.5, it's located near Dodger's Stadium, Tsubaki, The Douglas, El Compadre, Stereoscope Coffee, Lowboy,

    Matias Stofenmacher Edgestone Real Estate, Inc.

    Section Image
  • 4316 Clinton St, Los Angeles, CA 90004

    $1,980,000

    • 2 Beds
    • 2 Baths
    • 4,924 Sq Ft
    • 4316 Clinton St
    • Los Angeles, CA

    Leonardo Laterza of Marcus & Millichap, as an exclusive listing agent is proud to present a prime multifamily investment opportunity at 4316-4320 Clinton St, located just south of Melrose Ave and north of Rosewood Ave, right between Alexandria & Kenmore Ave in one of the most desirable pockets of Los Angeles. This well maintained 6 units apartment building consists of two separate

    Leonardo Laterza Marcus & Millichap RE Invest

    Section Image
  • 144 S Catalina St, Los Angeles, CA 90004

    $2,200,000

    • 1 Bed
    • 20,510 Sq Ft
    • 144 S Catalina St
    • Los Angeles, CA

    Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for for 2 two-bedroom, 36 one-bedroom units and 8 studios,, totaling approx. 15,703 SF of rentable space

    Rana Khanjani Sync Brokerage

    Section Image
  • 5510 Lexington Ave, Los Angeles, CA 90038

    $2,350,000

    • 1 Bed
    • 2 Baths
    • 11,956 Sq Ft
    • 5510 Lexington Ave
    • Los Angeles, CA

    Lamlex Lexington is a 20-unit apartment community constructed in 1925. Situated in the Hollywood submarket, the property consists of (16) Studio/One-Bathroom units and (4) One-Bedroom/One-Bathroom units, totaling 480 square feet per unit. The units are separately metered for gas and electric. The property is located minutes away from two major thoroughfares, Santa Monica Blvd, Sunset Blvd, and

    Brent Sprenkle NorthMarq Realty Services, Inc

    Section Image
  • 1802 N Western Ave, Los Angeles, CA 90027

    $2,200,000

    • 2 Beds
    • 2 Baths
    • 6,660 Sq Ft
    • 1802 N Western Ave
    • Los Angeles, CA

    Back on Market and priced reduced : Property located near Los Feliz area. Gated community of 10 individual bungalows built in 1920. Very large lot with tall shady trees down the middle walkway. Each unit has the following: front and back yard, utility room off kitchen, separate dining room, living room, bathroom with 2 entry points, bedroom with 2 walk-in closets. Some units have been upgraded.

    Debrah Johnson WE SELL HOMES REALTY

    Section Image
  • 1139 S Kingsley Dr, Los Angeles, CA 90006

    $2,300,000

    • 2 Beds
    • 3 Baths
    • 2,092 Sq Ft
    • 1139 S Kingsley Dr
    • Los Angeles, CA

    25 Unit Redevelopment. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail stores in very close distance. Dense demographic neighborhood. Close proximity to Olympic Blvd & Western.Side by side properties sold together only as one sale. APN's: 5080-026-008 & -009 Price is for both parcels. Sale Price $2,300,000. Legally 14 Units Bonus Density 25

    Kyi Lee KORUS Real Estate

    Section Image
  • 1140 N Beachwood Dr, Los Angeles, CA 90038

    $2,039,000

    • 2 Beds
    • 10 Baths
    • 5,343 Sq Ft
    • 1140 N Beachwood Dr
    • Los Angeles, CA

    4 UNITS TO BE DELIVERED VACANT! 6.6% CAP AND 10 GRM AT FULL OCCUPANCY! AMAZING VALUE ADD OPPORTUNITY IN THE HEART OF HOLLYWOOD'S STUDIO DISTRICT! 10 LEGAL UNITS WITH SIGNIFICANT INCOME UPSIDE POTENTIAL! 6.6% CAP AT FULL OCCUPANCY! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district.

    Dana Brody Dana Brody

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23221559

California Regional Multiple Listing Service (CRMLS)