1200 Gordon Street

Los Angeles, CA 90038

$1,020,000
Last Sold Price
4
Beds
4
Baths
2,796 Sq. Ft.
$365 / Sq. Ft.
2,796
Sq. Ft.
$365
per Sq. Ft.

Description

HUGE PRICE REDUCTION!!! AMAZING INVESTMENT/DEVELOPMENT OPPORTUNITY IN HEART OF HOLLYWOOD! This corner lot is R3 zoned and has TOC Tier 2 Development Opportunity with potential to build 8 units or possibly more! (Buyer to verify). The area is extremely active with new development, continues to see strong demand, and is fueled by ongoing high economic growth. Property is located in heart of Hollywood and is surrounded with neighbors like Netflix, Viacom, Sunset Gower Studios, NBC Studios, Paramount...HUGE PRICE REDUCTION!!! AMAZING INVESTMENT/DEVELOPMENT OPPORTUNITY IN HEART OF HOLLYWOOD! This corner lot is R3 zoned and has TOC Tier 2 Development Opportunity with potential to build 8 units or possibly more! (Buyer to verify). The area is extremely active with new development, continues to see strong demand, and is fueled by ongoing high economic growth. Property is located in heart of Hollywood and is surrounded with neighbors like Netflix, Viacom, Sunset Gower Studios, NBC Studios, Paramount Studios, etc. Property used to have two duplexes. One of them was damaged by fire. Currently there is one duplex remaining (approximately 1300 sq.ft.) and produces approximately $3,800/month. Unlock the full potential and build a multi unit complex with rooftop views of the Hollywood Sign!

Listing Agent

  1. Luda Rosenbaum

    Luda Rosenbaum

    Listing Agent

    Compass

    DRE #01724645

Property Details for 1200 Gordon Street

Zoning
LAR3
Style
Bungalow
Parcel Number
5534011013
Total Units
4.0
Living Area
2796
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Luda Rosenbaum, DRE #01724645

Sold By Compass, Luda Rosenbaum, DRE #01724645

Add your commute
LISTING UPDATED: 01/19/2024 08:03 AM

Property Details for 1200 Gordon Street

StatusSold
MLS #23-314007
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.15 AC / 6,505 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Luda Rosenbaum, DRE #01724645

Sold By Compass, Luda Rosenbaum, DRE #01724645

Add your commute

Building Information for 1200 Gordon Street

Stories-Residences-Year Built1920Building Size-Lot Size0.15 AC / 6,505 SF

Payment Calculator

$6,724 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,567

Property Taxes

$1,157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1200 Gordon Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 1 bed 1 bath
Contract Info
Contract Info
  • Financing: Cash, Private, Other
  • Disclosures: As Is, Other, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $45,600
  • Net Operating Income: $30,150.00
  • Gross Income: $45,600
  • Gross Rent Multiplier: $45,600.00
  • Total Annual Expense: 15450
  • Other Expense: $250.00
  • Tax Expense: $13,800
  • Insurance Expense: $1,400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1493
  • Lot Size Square Feet: 6505
  • Lot Description: Fenced Yard
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall Unit(s), Wall/Window, Other
  • Heating: Wall Furnace
  • Heating Type: Wall, Other
  • Equipment: Built-Ins, Other
  • Cooking Appliances: Built-Ins
Exterior Features
Exterior Features
  • Patio Features: Porch - Front
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-25-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $315,353.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $946,060.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $1,261,413.00

Property History for 1200 Gordon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1200 Gordon Street

Taxable ValueLand$964,981Additions$160,831Total$1,125,812
Tax Record2023$13,881 ($1,157 / month)
Home Facts
Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtLot Size6,505 SqFtStyleDuplexYear Built1920ZoningLAR3CountyLOS ANGELESAPN5534-011-013

Schools near 1200 Gordon Street

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

Vine Street Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High 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 Compass, Luda Rosenbaum, DRE #01724645

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.