11370 Ovada Place

Los Angeles, CA 90049

$2,800,000
Last Sold Price
7
Beds
6
Baths
5,341 Sq. Ft.
$524 / Sq. Ft.
5,341
Sq. Ft.
$524
per Sq. Ft.

Description

Buyer did not perform! Originally built in 1947, this rare Bel Air 4-plex (5,341 sq ft on a 13,080 sq ft lot) has a 3 bedroom/3 bath owner's unit which has a private brick backyard, basement and tithe barn. The tithe barn is a separate structure comprised of a private oversized two-car garage, office and storage above. The 3rd structure is a laundry room and bathroom with another two-car garage attached. On the 1st level, there is also a cottage style 1 bedroom unit (1 car garage) loaded with charm...Buyer did not perform! Originally built in 1947, this rare Bel Air 4-plex (5,341 sq ft on a 13,080 sq ft lot) has a 3 bedroom/3 bath owner's unit which has a private brick backyard, basement and tithe barn. The tithe barn is a separate structure comprised of a private oversized two-car garage, office and storage above. The 3rd structure is a laundry room and bathroom with another two-car garage attached. On the 1st level, there is also a cottage style 1 bedroom unit (1 car garage) loaded with charm with a large garden in the back and along the West side of the property. Upstairs, there is a 2 bedoom/2 bathroom unit with a covered patio with a private two-car garage. Also, there is a 2 bedroom/1 bathroom plus den with a partial covered patio with a laundry that comes with a 1 car garage. Perfect for owner user or developer. First time on the market in 40 years. All tenants are on a month to month leases. Low expenses.

Property Details for 11370 Ovada Place

Zoning
LARD1.5
Parcel Number
4368016012
Total Units
4.0
Living Area
5341
Source Living Area
Vendor Enhanced
Area
Bel Air - Holmby Hills (C04)
Vacancy Rate
0
Lot Size Area
13080

Location

Listing Courtesy of Compass, Gwen Fritzinger, DRE #01293667

Sold By Kidder Mathews of California, Inc., Michael Monempour, DRE #01996829

Add your commute
LISTING UPDATED: 08/30/2020 02:52 PM

Property Details for 11370 Ovada Place

StatusSold
MLS #19-476346
Days on Market127
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.30 AC / 13,080 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Gwen Fritzinger, DRE #01293667

Sold By Kidder Mathews of California, Inc., Michael Monempour, DRE #01996829

Add your commute

Building Information for 11370 Ovada Place

Stories2Residences-Year Built1947Building Size-Lot Size0.30 AC / 13,080 SF

Payment Calculator

$18,315 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$3,034

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11370 Ovada Place

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: apartments
Contract Info
Contract Info
  • Disclosures: City Inspection Required, LA/Owner Related
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $165,062
  • Net Operating Income: $118,800.00
  • Gross Income: $165,062
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $18.15
  • Actual Annual Gross Rent: $144,000.00
  • Total Annual Expense: 46200
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 13080
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car, Garage - 2 Car, Parking for Guests - Onsite
  • Total Parking: 8
  • Covered Parking: 6
  • Garage Spaces Total: 4
  • Parking Features: Assigned, Garage - Single Door, Garage - Two Door, Guest
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central, Wall Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Equipment: Alarm System, Built-Ins, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 08-29-2019
  • Rent Control: 100%
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $2,343.25
  • Unit Actual Rent: $2,343.25
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $2,731.56
  • Unit Actual Rent: $2,731.56
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,180.38
  • Unit Actual Rent: $1,180.38
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $171,820.00
  • Assessed Land Value: $471,849.00

Public Records for 11370 Ovada Place

Taxable ValueLand$2,060,309Additions$884,329Total$2,944,638
Tax Record2023$36,409 ($3,034 / month)
Home Facts
Total Finished SqFt5,341 SqFtAbove Grade Finished SqFt5,341 SqFtLot Size13,080 SqFtStyleQuadraplexYear Built1947ZoningLARD1.5CountyLOS ANGELESAPN4368-016-012

Schools near 11370 Ovada Place

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

Warner Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 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.

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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 Compass, Gwen Fritzinger, DRE #01293667

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.