4942 West Maplewood Avenue

Los Angeles, CA 90004

$3,950,000
Price
15
Beds
9
Baths
7,475 Sq. Ft.
$528 / Sq. Ft.
7,475
Sq. Ft.
$528
per Sq. Ft.

Description

Built in 1987, this 9-unit apartment building stands as an excellent investment opportunity in the heart of vibrant Los Angeles. Nestled within a bustling urban center, it offers a quiet and well-maintained space, appealing to seasoned investors and newcomers alike. Conveniently situated near major transportation hubs, shopping centers, dining hotspots, and cultural attractions, the property boasts an unbeatable location. Each unit is thoughtfully designed to maximize space and comfort, featuring...Built in 1987, this 9-unit apartment building stands as an excellent investment opportunity in the heart of vibrant Los Angeles. Nestled within a bustling urban center, it offers a quiet and well-maintained space, appealing to seasoned investors and newcomers alike. Conveniently situated near major transportation hubs, shopping centers, dining hotspots, and cultural attractions, the property boasts an unbeatable location. Each unit is thoughtfully designed to maximize space and comfort, featuring light-filled rooms and stylish finishes. With a diverse mix of unit sizes, there's something to suit every tenant's needs. On-site amenities enhance the overall living experience, ensuring long-term tenant satisfaction. With a strong rental history and potential for further income growth, this investment property presents an exceptional opportunity to capitalize on the thriving rental market in one of the world's most populous cities. Don't miss your chance to own a piece of prime real estate in this sought-after neighborhood. Schedule a viewing today to seize the opportunity to add this lucrative asset to your investment portfolio. Bonus: Not a Rent Stabilized Property! Contact Agent regarding loan assumability!
  1. Listed by Jessica Schrobilgen • DRE #01264586 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 4942 West Maplewood Avenue

Zoning
LAR3
Style
Contemporary
Parcel Number
5522018021
Total Units
9.0
Living Area
7475
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
10%

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Jessica Schrobilgen, DRE #01264586
Add your commute
LISTING UPDATED: 05/11/2024 12:01 AM

Property Details for 4942 West Maplewood Avenue

StatusActive
MLS #24-386727
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.17 AC / 7,260 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Jessica Schrobilgen, DRE #01264586
Add your commute

Building Information for 4942 West Maplewood Avenue

Stories2Residences-Year Built1987Building Size-Lot Size0.17 AC / 7,260 SF

Payment Calculator

$24,565 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,557

Property Taxes

$3,008

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4942 West Maplewood Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1 and 2 beds
Contract Info
Contract Info
  • Financing: Assumed, Cash To Existing Loan, Cash To New Loan, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $252,816
  • Net Operating Income: $121,653.00
  • Gross Income: $252,816
  • Gross Rent Multiplier: $15.66
  • Total Annual Expense: 131163
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1667
  • Lot Size Square Feet: 7260
  • Lot Size Dimensions: 50x145
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance, Covered Parking
  • Total Parking: 16
  • Parking Features: Controlled Entrance, Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-03-2024
  • Listing Terms: Assumable
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,382.00
  • Unit Actual Rent: $2,382.00
  • Unit Projected Rent: $2,382.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,445.00
  • Unit Actual Rent: $2,445.00
  • Unit Projected Rent: $2,445.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,846.00
  • Unit Actual Rent: $1,846.00
  • Unit Projected Rent: $1,846.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114

Property History for 4942 West Maplewood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4942 West Maplewood Avenue

Taxable ValueLand$1,763,634Additions$1,137,827Total$2,901,461
Tax Record2023$36,091 ($3,008 / month)
Home Facts
Total Finished SqFt7,475 SqFtAbove Grade Finished SqFt7,475 SqFtStories1Lot Size7,258 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningLAR3CountyLOS ANGELESAPN5522-018-021

Schools near 4942 West Maplewood Avenue

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 - 7 to 12
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 to 12

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.

Similar Homes

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Similar Sold Homes

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4942 West Maplewood Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on May 3, 2024 by Berkshire Hathaway HomeServices California Propert, it's currently listed at $3,950,000. It has been on the market for a total of 30 days and was last sold on May 25, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Ness Avenue Elementary School, Joseph Le Conte Middle School and Fairfax Senior High School. 4942 West Maplewood Avenue is a 15-bed, 9-bath, 7,475 sqft multi-family home built in 1987.

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 Berkshire Hathaway HomeServices California Propert, Jessica Schrobilgen, DRE #01264586

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.