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Lane Aronson
Berkshire Hathaway HomeServices California Properties
626-440-5100
This exquisite 32-unit residential income property stands out with gorgeous French Normandy design and ornate, architectural details. Located along Vermont, just below the hills of Los Feliz, the Griffith Observatory and just blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 8 beautiful (1 bedroom, view units with French windows) including a non-conforming, "owner's" unit with a fireplace and 24 charming studios (separate kitchens, dining areas and walk-in closets, which gives them more of a spacious feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22,582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with amazing cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity! Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a "waiting-list" to get into the building. Vacancies have historically been filled through "word-of-mouth". The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1021810512 | 1 | 1 | 0 | 0 |
2 | 1021810512 | 1 | 1 | 0 | 0 |
3 | 1021810512 | 1 | 0 | 0 | 0 |
Total Bedrooms : 7
Total Baths: 31
Full Baths: 0
Half Baths: 0
Sewer : Sewer Tap Paid
Roof : Composition
Flooring: Carpet,Wood
Year Built: 1928
Building Area Total: 22,582
Roof: Composition
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2064
Lot Size Source: Assessor
Lot Size Square Feet: 8991
Original List Price: 9,500,000
Listing Contract Date: 2022-08-19
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5589022006
Lease Term: Negotiable
Tenant Pays: Other
Source Listing Status: Active
Source Neighborhood: 637 - Los Feliz
Postal Code Plus 4: 1925
Directions: South of Los Feliz Bl
Source Property Type: Residential Income
Area: 637 - Los Feliz
Property Age: 96
Year Built Source: Vendor Enhanced
Total Square Feet Living: 22582
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1417 N Kenmore Avenue, Los Angeles, CA,90027 | $1,700,000 | 7 | 4 | 3,505 | 6897 Sqft |
1412 N Serrano Avenue, Los Angeles, CA,90027 | $1,029,000 | -- | -- | -- | 8716 Sqft |
1802 N Western Avenue, Los Angeles, CA,90027 | $2,695,000 | -- | -- | 6,660 | 18549 Sqft |
1537 N Kingsley Drive, Los Angeles, CA,90027 | $1,499,000 | -- | -- | -- | 6862 Sqft |
1537 N Kingsley Drive, Los Angeles, CA,90027 | $1,499,000 | 4 | -- | 2,086 | 6862 Sqft |
5231 Franklin Avenue, Los Angeles, CA,90027 | $4,750,000 | 5 | 3 | 4,743 | 23530 Sqft |
3769 Prestwick Drive, Los Angeles, CA,90027 | $2,390,000 | 4 | 3 | 3,160 | 7859 Sqft |
4818 Bonvue Avenue, Los Angeles, CA,90027 | $4,495,000 | 4 | 4 | 4,200 | 17597 Sqft |
1624 N Normandie Avenue.., Los Angeles, CA,90027 | $950,000 | 3 | 2 | 1,719 | 7123 Sqft |
1624 N Normandie Avenue.., Los Angeles, CA,90027 | $988,000 | 3 | 2 | 1,747 | 7123 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 13:57
MLS: 22191539
LISTED BY: Lane Aronson, Berkshire Hathaway HomeServices California Properties
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.