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$1,995,000

Beds
4
sq ft
2,199

4530 Kingswell Ave, Los Angeles, CA 90027

4530 Kingswell Ave

Los Angeles, CA 90027

  • 10 days on market
Get ready to feast your eyes on what is, arguably, one of the most attractive multi-family properties in all of Los Feliz. All units will be delivered vacant by end of February! Seller will lease back the units until then. And, lest you think the pro forma rents are too high for units of this size, consider the following: a) these 'units' are each detached bungalows, i.e., no common walls. Each of them acts and feels like small single family residences b) the two smaller units each have their own private dedicated yard, an almost unheard of amenity for a multi-family. c) each unit is air conditioned, has in-unit laundry and full-on kitchen appliances, including dishwasher. d) each unit has its own parking; the 4 bed has 4 car tandem parking! e) this property has awesome walkability - walking distance to both Hillhurst and Vermont, yet far enough away from either of them to be in a tranquil space. For the uninitiated, Hillhurst and Vermont between Hollywood and Los Feliz Blvd are two of the most popular walking streets on the East Side, chock full of great restaurants of all types and kinds, including Jeni's Splendid Ice Cream shop, and even the venerable Los Feliz movie theater. f) The units can come fully furnished if the buyer so desires and g) the units have been renovated to a very high quality inside and out, and are just plain beautiful. Incidentally, the current owner has had great success renting these units on a monthly basis. He is quite happy to walk you through what he has been doing. If you are interested in following in his footsteps you can increase those pro forma rents by about $1200. Great for an owner-user or for an investor. Come and make it yours.

Details

Property type

Lot size

6,730 sq ft

Price per sq ft

$908

Year built

1911

HOA

No

Price History

11/13/2024
CLAW

CLAW #24463049

Listed
$1,995,000
+53.46%
11/17/2021
CLAW

CLAW #21771148

Sold
$1,300,000

Schools & Community

Neighborhood: 

Los Feliz

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Corevest American Finance Lender Llc

Loan start date

September 2023

Original loan amount

$1,650,000

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Commercial

Seller

Adaptive Capital Corporation

Lender

Corevest American Finance Lender Llc

Loan start date

August 2023

Original loan amount

$1,650,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Commercial

Seller

Adaptive Capital Corporation

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 6:45 PM

Listing updated: 11/13/2024 at 5:20 PM

Listed by: Ken Shapiro, Silverwood Properties Phone #: (213) 250-4404

MLS: CLAW #24463049

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