10832 Charnock Road

Sold 1/18/18
Sold 1/18/18
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Sold
Last Sold Price
$3,500,000
20 beds12 baths10,228 sqft

10832 Charnock Rd, Los Angeles, CA 90034

Multi FamilyProperty Type
0.28 acresLot Size
1958Year Built
$342/sq ftPrice per sq ft
12 carsParking Spaces

Description

Well maintained 12 Unit Apartment Building is desirable area of Palms, close to Expo line, freeway, transportation, and schools. 4 1 BR units, 8 2Br Units. Currently low rents with huge upside potential. Most apartments have been updated. Approx 10,228 Sq Ft building. Approx 11,987 Sq Ft Lot. 12 Covered Parking spaces. Laundry Room provides regular income. Buyer to assume cost of Soft Story Retrofit. Seller reserves the right to effect a 1031 exchange at no cost to Buyer.Well maintained 12 Unit Apartment Building is desirable area of Palms, close to Expo line, freeway, transportation, and schools. 4 1 BR units, 8 2Br Units. Currently low rents with huge upside potential. Most apartments have been updated. Approx 10,228 Sq Ft building. Approx 11,987 Sq Ft Lot. 12 Covered Parking spaces. Laundry Room provides regular income. Buyer to assume cost of Soft Story Retrofit. Seller reserves the right to effect a 1031 exchange at no cost to Buyer.
  • Listed by: Terry Ballentine DRE #00588883 Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES
Listing closed: 01/18/2018 12:00 AM • Source: CLAW, MLS#: 17-282184
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Avg days on market

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Sale-to-list ratio

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Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Terry Ballentine, DRE #00588883

Sold By Miller & Desatnik Realty Co., Dominick Faraone, DRE #01925895

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30 year fixed, 7.03% Interest

Principal and Interest

$18,685

Property Taxes

$4,097

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Property Information for 10832 Charnock Road

Property Details

  • MLS Type: Residential Income
  • County: Los Angeles County
  • Zoning: LAR3-1
  • Style: Mid-Century
  • Cross Streets: Westwood Blvd
  • Parcel Number: 4252027030
  • Total Units: 12.0
  • Living Area: 10228
  • Source Living Area: Assessor
  • Area: Palms - Mar Vista (C13)
  • Vacancy Rate: 3
  • Lot Size Area: 11988
  • Source Lot Size Area: Assessor
  • Assessor Parcel Number: 4252-027-030
  • Directions: North of Venice Blvd, South of Palms Blvd, East of Sepulveda, West of Overland
  • School District: Los Angeles Unified

Building Information

  • Stories: 2
  • Year Built: 1958
  • Lot Size: 0.28 AC / 11,988 SF

Community / Development

Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 12

Structure Info

Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Direction Faces: North
  • Water: District
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas
  • Water District: LADWP

Contract Info

Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service

Income & Expenses Information

Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $194,340
  • Net Operating Income: $158,870.00
  • Gross Income: $188,510
  • Gross Scheduled Income: $194,340
  • Cap Rate: .04%
  • Gross Rent Multiplier: $19.00
  • Actual Annual Gross Rent: $194,340.00
  • Monthly GrossI Income: $16,195.00
  • Laundry Income: $2,650
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 35470
  • Water Expense: $6,476.00
  • Gas Expense: $2,295
  • Trash Expense: $2,318.00
  • Tax Expense: $46,000
  • Gardener Expense: $0
  • Expense Licenses: $1,550.00
  • Insurance Expense: $2,848

Land / Lot Info

Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: No
  • Paved: Yes
  • Lot Size Square Feet: 11988
  • Lot Size Dimensions: 85x141
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Rectangular Lot
  • Lot Description: Lot Shape-Rectangular
  • Geocode Override: 0.0

Parking Details

Parking Details
  • Parking Garage: Carport, Garage
  • Total Parking: 12
  • Covered Parking: 12
  • Garage Spaces Total: 12
  • Parking Features: Carport, Garage

Interior Features

Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Gas
  • Heating Type: Wall Gas
  • Equipment: Range/Oven, Refrigerator
  • Interior Features: Balcony
  • Laundry: Community

Exterior Features

Exterior Features
  • Pool: No
  • Tennis: No
  • Roof: Composition
  • Construction MVO: Frame and Stucco
  • Other Structural Features: Balcony

Lease Terms

Lease Terms
  • Entry Date: 10-20-2017
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas

Unit Details

Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,036.00
  • Unit Actual Rent: $1,036.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,575.00
  • Unit Actual Rent: $1,575.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,124.00
  • Unit Actual Rent: $1,124.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,591.00
  • Unit Actual Rent: $1,591.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,592.00
  • Unit Actual Rent: $1,592.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,129.00
  • Unit Actual Rent: $1,129.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $898.00
  • Unit Actual Rent: $898.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,350.00
  • Unit Actual Rent: $1,350.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 12 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Number Range: 12
  • Number Refrigerator: 12

Tax and Assessed Info

Tax and Assessed Info
  • Assessed Improvement Value: $419,247.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $628,877.00
  • Assessed Land Percent: 60
  • Private Transfer Taxes: No

Property History for 10832 Charnock Road

DateEvent & SourcePriceAppreciation
Jan 18, 2018

Sold

SDMLS #17282184

$3,500,000—
Jan 18, 2018

Sold

CRMLS #17282184

$3,500,000—
Jan 18, 2018

Sold

CLAW #17-282184

$3,500,000—
DateEvent & SourcePrice
01/18/2018

Sold

SDMLS #17282184

$3,500,000
01/18/2018

Sold

CRMLS #17282184

$3,500,000
01/18/2018

Sold

CLAW #17-282184

$3,500,000

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

Public records

10832 Charnock Road

Baths

12

Total Finished SqFt

10,228 SqFt

Above Grade Finished SqFt

10,228 SqFt

Stories

2

Lot Size

11,988 SqFt

Style

Multi-Family Dwelling (2-4)

Schools near 10832 Charnock Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charnock Road Elementary School
Public - K to 5
Palms Middle School
Public - 6 to 8
Venice Senior High School
Public - 9 to 12
Magnolia Science Academy 4 School
Charter - 6 to 12
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 10832 Charnock Road, Los Angeles, CA 90034
$3,500,000
20
12
10,228
11,988
3611 Westwood Boulevard, Unit 1, Los Angeles, CA 90034
$410,000
8
5
4,209
5,793
3610 Midvale Avenue, Los Angeles, CA 90034
–
–
29
16,988
23,971
10840 Charnock Road, Los Angeles, CA 90034
–
–
6
4,098
7,991
3601 Westwood Boulevard, Los Angeles, CA 90034
$1,300,000
–
6
4,957
6,205
3625 Westwood Boulevard, Los Angeles, CA 90034
$1,979,510
–
55
33,078
15,894

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Terry Ballentine, DRE #00588883

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.