4014 Effie Street

Los Angeles, CA 90029

$1,675,000
Price
6
Beds
3
Baths
1,985 Sq. Ft.
$844 / Sq. Ft.
1,985
Sq. Ft.
$844
per Sq. Ft.

Description

We are pleased to present a three (3) unit property located at 4014 Effie Street in Los Angeles, California. The subject property is situated in a prime Silver Lake location, north of Sunset Boulevard and east of Griffith Park Blvd. Built in 1914, this property contains a great unit mix of two (2) two-bedroom / one-bathroom units and one (1) two-bedroom / two-bathroom unit. This asset is a rare, fully turn-key bungalow style triplex with three (3) detached buildings that look and feel like single-family...We are pleased to present a three (3) unit property located at 4014 Effie Street in Los Angeles, California. The subject property is situated in a prime Silver Lake location, north of Sunset Boulevard and east of Griffith Park Blvd. Built in 1914, this property contains a great unit mix of two (2) two-bedroom / one-bathroom units and one (1) two-bedroom / two-bathroom unit. This asset is a rare, fully turn-key bungalow style triplex with three (3) detached buildings that look and feel like single-family dwellings, giving tenants a quiet and private location. All units include a spacious back patio where tenants can enjoy recreation. Along with the patios, this triplex offers three (3) on-site parking spaces along with ample street parking available. Tenants will love living just down the street from the Sunset Junction. This pocket allows immediate access to incredible local amenities including Erewhon, El Cid, Silver Lake Meadows, 4100 Bar, the Black Cat, and Intelligentsia Coffee. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a fully turn-key character, bungalow style asset that looks and feels like single-family dwellings.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4014 Effie Street

Zoning
LARD2
Style
Bungalow
Parcel Number
5429010003
Total Units
3.0
Living Area
1985
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0%

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute
LISTING UPDATED: 05/21/2024 10:18 AM

Property Details for 4014 Effie Street

StatusActive Under Contract
MLS #24-391501
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.11 AC / 5,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute

Building Information for 4014 Effie Street

Stories1Residences-Year Built1914Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$10,632 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

$1,491

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4014 Effie Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $116,982
  • Net Operating Income: $87,758.00
  • Gross Income: $120,600
  • Cap Rate: 5.24%
  • Gross Rent Multiplier: $13.89
  • Financial Info as Of: 05/13/2024
  • Vacancy Allow Dollar: $3,618.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 29224
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5000
  • Lot Features: Landscaped, Front Yard, Back Yard
  • Lot Description: Single Lot, Landscaped, Front Yard, Back Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Tile, Wood
  • Equipment: Built-Ins, Dishwasher, Range/Oven, Refrigerator
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Porch
  • New Construction: No
  • Other Structural Features: Two On A Lot
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,395.00
  • Unit Actual Rent: $3,395.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $3,495.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,160.00
  • Unit Actual Rent: $3,160.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $324,278.00
  • Assessed Improvement Percent: 22.18
  • Assessed Land Value: $1,137,827.00
  • Assessed Land Percent: 77.82
  • Assessed Total Value: $1,462,105.00
  • Private Transfer Taxes: No

Property History for 4014 Effie Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4014 Effie Street

Taxable ValueLand$1,137,827Additions$324,278Total$1,462,105
Tax Record2023$17,897 ($1,491 / month)
Home Facts
Total Finished SqFt1,985 SqFtAbove Grade Finished SqFt1,985 SqFtLot Size5,000 SqFtStyleTriplexYear Built1914ZoningLARD2CountyLOS ANGELESAPN5429-010-003

Schools near 4014 Effie Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 2
Rating
School
Distance
Micheltorena Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Lexington Avenue Primary Center
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.