NOT LISTED FOR SALE
54 Beds
-- Bath
53,487 Sq Ft
27,928 Sq Ft Lot

Last Sold December 11, 2018

Last sale price $17,575,000 $329 Per Sq Ft

16 Days on Market

Highlights

  • Gated Parking
  • 27,928 Sq Ft lot
  • Central Air
  • John Marshall Senior High Rated A
  • Intercom
  • Ceiling Fan

About This Home

As of December 2018

Los Feliz Palms is a four-story, 54 unit property that was constructed in 1972 on a 27,927 square foot R3 lot, with a total building size of 53,487 square feet. The turnkey property is separately metered for electric, serviced by a boiler and central water heater, an elevator, three stairwells, and cameras in select areas. The well-amenitized property offers secured entry, a gated pool (heated) and jacuzzi, a recreation room, a fitness center, a barbecue area, trash chutes on each floor, an on-site laundry facility, and a 60 space on-grade enclosed parking garage with dual driveways. Recent capital improvements include a partial copper repipe, new carpet flooring in all common area hallways, recently replaced boiler and central water heater, and repairs to the elevator hydraulic system. The property is subject to the City of Los Angeles Rent Control Ordinance, but is not subject to the current Soft-Story Seismic Retrofit Ordinance.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 10/09/2018

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 10/09/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.64 Acre Lot

Interior Spaces

  • 54 Bedrooms
  • 53,487 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Ceiling Fan
  • Intercom

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Parking

  • 60 Car Garage
  • Gated Parking

Utilities

  • Central Air
  • Radiant Heating System

Community Details

  • 54 Units

Listing and Financial Details

  • Assessor Parcel Number 5590-013-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0.64 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 53487
  • Manager Expense: 30600.00
  • Stories: 4
  • Year Built: 1971
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 54
  • Equipment: Ceiling Fan, Dishwasher, Elevator, Intercom, Microwave, Range/Oven, Refrigerator, Trash Compactor
  • Price Per S Q F T: 307.55

Exterior Features

  • Tennis Court Y/N: No
  • Pool Expense: 3600.00
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking, Garage, Gated
  • Total Parking: 60

Utilities

  • Cooling: Central
  • Electric Expense: 15297.00
  • Heating: Radiant
  • Water Expense: 27243.00

Fee Information

  • Elevator Expense: 2400.00
  • Gas Expense: 14794.00
  • Insurance Expense: 18720.00
  • Maintenance Expense: 35100.00
  • Management Expense: 43718.00
  • Trash Expense: 4153.00

Lot Info

  • Assessor Parcel Number: 5590-013-028
  • Geocode Override: No
  • Lot Size Area: 27928

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.71
  • Number Of Units: 54
  • Type Of Units: MF

Tax Info

  • Tax Expense: 201666.00
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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
12/11/2018 12/11/18 Sold $17,575,000 +6.8% $329 / Sq Ft
10/25/2018 10/25/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $16,450,000 -- $308 / Sq Ft
Source: The MLS

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 $239,607 $19,785,046 $13,547,683 $6,237,363
2024 $239,607 $19,397,105 $13,282,043 $6,115,062
2023 $234,988 $19,016,770 $13,021,611 $5,995,159
2022 $223,523 $18,643,893 $12,766,286 $5,877,607
2021 $220,628 $18,278,327 $12,515,967 $5,762,360
2020 $220,909 $17,926,500 $12,240,000 $5,686,500
2019 $212,151 $17,575,000 $12,000,000 $5,575,000
2018 $133,020 $10,674,504 $3,807,864 $6,866,640
2016 $125,122 $10,126,477 $3,532,492 $6,593,985
2015 $123,326 $9,974,369 $3,479,431 $6,494,938
2014 $123,997 $9,778,986 $3,411,274 $6,367,712
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 18-395180

The MLS
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