1038 North Crescent Heights Boulevard

West Hollywood, CA 90046

$2,150,000
Last Sold Price
11
Beds
7
Baths
4,304 Sq. Ft.
$500 / Sq. Ft.
4,304
Sq. Ft.
$500
per Sq. Ft.

Description

We are pleased to present 1038 N Crescent Heights Blvd., a 5-unit apartment building in an excellent West Hollywood neighborhood. The building features (1) five-bedroom/two-bathroom, (1) two-bedroom/ one-bathroom, and (2) one-bedroom/one-bathroom units plus (1) two-bedroom/two-bathroom newly created ADU. The five-bedroom, two-bedroom, and ADU units have been newly renovated with AC and heating, electrical, plumbing, flooring, and appliances. The building is 4,304 square feet and sits on a 6,551 square...We are pleased to present 1038 N Crescent Heights Blvd., a 5-unit apartment building in an excellent West Hollywood neighborhood. The building features (1) five-bedroom/two-bathroom, (1) two-bedroom/ one-bathroom, and (2) one-bedroom/one-bathroom units plus (1) two-bedroom/two-bathroom newly created ADU. The five-bedroom, two-bedroom, and ADU units have been newly renovated with AC and heating, electrical, plumbing, flooring, and appliances. The building is 4,304 square feet and sits on a 6,551 square foot lot that is WDR3C .1038 N Crescent Heights is situated in one of the most desirable rental sub-markets in the Los Angeles area. The property offers a great opportunity for an owner/user or investor to enjoy a high-demand rental in the sought-after, active, and trendy West Hollywood District. This West Hollywood neighborhood boasts great walkability; with a Walk Score of 94, the property is just a 3-minute walk from Santa Monica Blvd., placing it in close proximity to trendy restaurants, nightlife hotspots, and chic retail shopping stores. Within a 5-minute walk, you can access an average of 8 restaurants, bars, and coffee shops.
  1. Listed by Jessica Arroyo • DRE #02088762 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills
  2. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1038 North Crescent Heights Boulevard

Zoning
WDR3C*
Parcel Number
5529024005
Total Units
5.0
Living Area
4304
Source Living Area
Builder
Area
West Hollywood Vicinity (C10)
Lot Size Area
6551
Source Lot Size Area
Vendor Enhanced

Location

Listing Courtesy of Keller Williams Hollywood Hills, Jessica Arroyo, DRE #02088762; Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Sold By Compass, Jacqueline Fiske, DRE #01943216

Add your commute
LISTING UPDATED: 06/30/2023 12:21 PM

Property Details for 1038 North Crescent Heights Boulevard

StatusSold
MLS #23-260307
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.15 AC / 6,551 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Hollywood Hills, Jessica Arroyo, DRE #02088762; Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Sold By Compass, Jacqueline Fiske, DRE #01943216

Add your commute

Building Information for 1038 North Crescent Heights Boulevard

Stories2Residences-Year Built1938Building Size-Lot Size0.15 AC / 6,551 SF

Payment Calculator

$13,866 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$2,133

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1038 North Crescent Heights Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Security Features: Automatic Gate, Exterior Security Lights, Gated
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $179,412
  • Net Operating Income: $124,783.00
  • Gross Income: $179,412
  • Cap Rate: 5.55%
  • Gross Rent Multiplier: $12.54
  • Total Annual Expense: 49246
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1504
  • Lot Size Square Feet: 6551
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete
  • Total Parking: 4
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
  • Cooking Appliances: Microwave, Range Hood, Range
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Dwelling Unit
Lease Terms
Lease Terms
  • Entry Date: 04-14-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $844.00
  • Unit Actual Rent: $844.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,607.00
  • Unit Actual Rent: $1,607.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 5
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,650.00
  • Unit Actual Rent: $5,650.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $386,462.00
  • Assessed Improvement Percent: 20.16
  • Assessed Land Value: $1,530,391.00
  • Assessed Land Percent: 79.84
  • Assessed Total Value: $1,916,853.00

Property History for 1038 North Crescent Heights Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1038 North Crescent Heights Boulevard

Taxable ValueLand$1,560,998Additions$394,191Total$1,955,189
Tax Record2023$25,601 ($2,133 / month)
Home Facts
Total Finished SqFt3,504 SqFtAbove Grade Finished SqFt3,504 SqFtLot Size6,551 SqFtStyleQuadraplexYear Built1938ZoningWDR3C*CountyLOS ANGELESAPN5529-024-005

Schools near 1038 North Crescent Heights Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 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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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 Keller Williams Hollywood Hills, Jessica Arroyo, DRE #02088762; Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

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.