1119 Rexford Drive

Los Angeles, CA 90035

$2,850,000
Price
10
Beds
9
Baths
6,148 Sq. Ft.
$464 / Sq. Ft.
6,148
Sq. Ft.
$464
per Sq. Ft.

Description

Improved Rents! Charming seven-unit community in coveted Pico/Fairfax Tremendous Value-Add Opportunity: Over $1,000/unit/month in rental upside; in-place rents average $1,816/unit/month and $2.07 per square foot Renovated exterior; seismic reinforcement work complete Front house-like unit with kosher kitchen, "smart" mirrors, frosted glass interior doors, and in-unit washer and dryer Three out of seven units renovated with quartz countertops, double sink with goose-neck faucets, stainless steel appliances,...Improved Rents! Charming seven-unit community in coveted Pico/Fairfax Tremendous Value-Add Opportunity: Over $1,000/unit/month in rental upside; in-place rents average $1,816/unit/month and $2.07 per square foot Renovated exterior; seismic reinforcement work complete Front house-like unit with kosher kitchen, "smart" mirrors, frosted glass interior doors, and in-unit washer and dryer Three out of seven units renovated with quartz countertops, double sink with goose-neck faucets, stainless steel appliances, shaker cabinets, and vinyl plank flooring Rents shown are averages See Property website for OM, rent roll and other information
  1. Listed by Adrienne Barr • DRE #01308753 • Brokerage DRE #01308753 • Berkadia

Property Details for 1119 Rexford Drive

Zoning
LAR3
Parcel Number
4330032004
Total Units
7.0
Living Area
6148
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
3%
Lot Size Area
6070

Location

Listing Courtesy of Berkadia, Adrienne Barr, DRE #01308753
Add your commute
LISTING UPDATED: 03/21/2024 02:19 PM

Property Details for 1119 Rexford Drive

StatusActive
MLS #23-302435
Days on Market246
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.14 AC / 6,070 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkadia, Adrienne Barr, DRE #01308753
Add your commute

Building Information for 1119 Rexford Drive

Stories-Residences-Year Built1958Building Size-Lot Size0.14 AC / 6,070 SF

Payment Calculator

$18,067 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,554

Property Taxes

$2,513

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1119 Rexford Drive

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: income
Contract Info
Contract Info
  • Disclosures: Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $156,161
  • Net Operating Income: $90,290.00
  • Gross Income: $152,567
  • Gross Rent Multiplier: $18.60
  • Total Annual Expense: 65871
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1393
  • Lot Size Square Feet: 6070
Parking Details
Parking Details
  • Parking Garage: Carport, Driveway
  • Total Parking: 7
  • Parking Features: Carport, Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Microwave, Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-18-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,717.00
  • Unit Actual Rent: $1,717.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,422.00
  • Unit Actual Rent: $1,422.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,160.00
  • Unit Actual Rent: $2,160.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,030,567.00
  • Assessed Improvement Percent: 43.48
  • Assessed Land Value: $1,339,737.00
  • Assessed Land Percent: 56.52
  • Assessed Total Value: $2,370,304.00

Property History for 1119 Rexford Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1119 Rexford Drive

Taxable ValueLand$1,366,531Additions$1,051,178Total$2,417,709
Tax Record2023$30,151 ($2,513 / month)
Home Facts
Total Finished SqFt6,148 SqFtAbove Grade Finished SqFt6,148 SqFtLot Size6,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR3CountyLOS ANGELESAPN4330-032-004

Schools near 1119 Rexford Drive

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 - 9 to 12
Rating
School
Distance
Canfield Avenue Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills 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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1119 Rexford Drive is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on August 17, 2023 by Berkadia, it's currently listed at $2,850,000. It has been on the market for a total of 246 days and was last sold on January 18, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Canfield Avenue Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 1119 Rexford Drive is a 10-bed, 9-bath, 6,148 sqft multi-family home built in 1958.

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 Berkadia, Adrienne Barr, DRE #01308753

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.