1522 Hi Point Street

Los Angeles, CA 90035

$5,675,000
Last Sold Price
18
Beds
18
Baths
11,766 Sq. Ft.
$482 / Sq. Ft.
11,766
Sq. Ft.
$482
per Sq. Ft.

Description

Well-maintained building renovated down to the studs with copper plumbing throughout,15 of the 18 units include new electrical panels and windows | Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program | Opportunity exists to enhance the units with new appliances for additional rental upside | 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking,...Well-maintained building renovated down to the studs with copper plumbing throughout,15 of the 18 units include new electrical panels and windows | Large 17,003sf lot with ample opportunity for additional units through separating the lot and developing or via Accessory Dwelling Unit (ADU) program | Opportunity exists to enhance the units with new appliances for additional rental upside | 17.6% upside in rents with additional income opportunities in billing back utilities and charging for parking, with 27 spots for 18 units | 100% occupied with all tenants paying rent
  1. Listed by Jared Warren • DRE #02116449 • Brokerage DRE #01742573 • Colliers International- Los Angeles

Property Details for 1522 Hi Point Street

Zoning
LAR3
Parcel Number
5068018035
Total Units
18.0
Living Area
11766
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
0
Lot Size Area
17003

Location

Listing Courtesy of Colliers International- Los Angeles, Jared Warren, DRE #02116449

Sold By Colliers International- Los Angeles, Jared Warren, DRE #02116449

Add your commute
LISTING UPDATED: 07/21/2021 01:48 PM

Property Details for 1522 Hi Point Street

StatusSold
MLS #21-694366
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.39 AC / 17,003 SF
CountyLos Angeles County

Location

Listing Courtesy of Colliers International- Los Angeles, Jared Warren, DRE #02116449

Sold By Colliers International- Los Angeles, Jared Warren, DRE #02116449

Add your commute

Building Information for 1522 Hi Point Street

Stories2Residences-Year Built1972Building Size-Lot Size0.39 AC / 17,003 SF

Payment Calculator

$36,951 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,971

Property Taxes

$5,980

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1522 Hi Point Street

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: One Bedroom
  • Security Features: Card/Code Access
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $1,994
  • Net Operating Income: $240,507.00
  • Gross Income: $425,815
  • Gross Rent Multiplier: $14.74
  • Total Annual Expense: 172633
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3903
  • Lot Size Square Feet: 17003
Parking Details
Parking Details
  • Parking Garage: Parking for Guests, Parking Space
  • Total Parking: 27
  • Parking Features: Guest, Parking Space
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Range/Oven, Freezer, Refrigerator
  • Bathroom Features: Shower and Tub
  • Cooking Appliances: Oven, Microwave, Cooktop - Gas
  • Laundry: Community
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-17-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.90
  • Unit Actual Rent: $422,486.00
  • Unit Projected Rent: $422,486.00
  • Like Units: 18
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,584,368.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $2,112,490.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $3,696,858.00

Property History for 1522 Hi Point 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 1522 Hi Point Street

Taxable ValueLand$4,182,000Additions$1,615,070Total$5,797,070
Tax Record2023$71,756 ($5,980 / month)
Home Facts
Total Finished SqFt11,766 SqFtAbove Grade Finished SqFt11,766 SqFtLot Size17,003 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningLAR3CountyLOS ANGELESAPN5068-018-035

Schools near 1522 Hi Point Street

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 - 6 to 12
Rating
School
Distance
Daniel Webster Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 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 Colliers International- Los Angeles, Jared Warren, DRE #02116449

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.