1522 Hi Point Street

Los Angeles, CA 90035

$6,275,000
Price
1
Beds
1
Bath
11,766 Sq. Ft.
$533 / Sq. Ft.
11,766
Sq. Ft.
$533
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,...

Property Details for 1522 Hi Point Street

Zoning
LAR3
Year Built Numeric
1972

Location

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

Property Details for 1522 Hi Point Street

StatusActive
MLS #21-694366
Days on Market59
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

Listing Agent

Jared Warren

Jared Warren

Colliers International- Los Angeles

jared.warren@colliers.com

P: 310.622.1901

M: 310.622.1901

DRE #02116449

Contact Agent(s)

Location

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

Building Information for 1522 Hi Point Street

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

Payment Calculator

$21,029 per month

30 year fixed, 2.95% Interest

Principal and Interest

$21,029

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 1522 Hi Point Street

Summary
    Location and General Information
  • Directions: From I-10 take Fairfax Ave Exit, turn onto S Fairfax Ave, turn left onto Pickford St, Turn right onto Hi Point Street. Destination will be on the right
  • Year Built Source: Vendor Enhanced
  • Zip 4: 3963
  • City: Los Angeles
  • Zip Code: 90035
  • County Or Parish: Los Angeles
  • Street Number Numeric: 1522
  • Street Name: Hi Point
  • State: CA
    Parking
  • Parking Garage: Parking for Guests, Parking Space
  • Total Parking: 27
Property
    Property and Assessments
  • Assessed Improvement Percent: 42.86
  • Assessed Improvement Value: $1,584,368.00
  • Assessed Land Percent: 57.14
  • Assessed Land Value: $2,112,490.00
  • Assessed Total Value: $3,696,858.00
  • Assessor Parcel Number: 5068-018-035
  • Disclosures: None
  • Source Living Area: Vendor Enhanced
  • Source Lot Size Area: Vendor Enhanced
  • Number Of Photos: 6
    Lot Information
  • Area: Beverlywood Vicinity (C09)
  • Lot Acreage: 0.3903
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 11766
  • Lot Size Area: 17003
    Utilities
  • Laundry: Community
Interior and Exterior Features
    Exterior Features
  • Water Heaters: Yes
  • Security Features: Card/Code Access
    Interior Features
  • Bathroom Features: Shower and Tub
  • Baths Total: 18.0
  • Cooking Appliances: Oven, Microwave, Cooktop - Gas
  • Cooling: None
  • Equipment: Dishwasher, Range/Oven, Freezer, Refrigerator
  • Heating: Central
  • Number Of Stories: 2
  • Beds Total: 18
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Income: $425,815
  • Gross Operating Income: $1,994
  • Net Operating Income: $240,507.00
  • Total Annual Expense: 172633
    Unit Information
  • Type Of Units: One Bedroom
  • Unit Type Type: 2106
    Unit 1 Information
  • Unit Beds1: 1
  • Unit Baths1: 1
  • Unit Projected Rent1: $422,486.00
  • Unit Actual Rent1: $422,486.00
  • Unit Furnished1: No
  • Like Units1: 18
  • Unit Rent1: $1,995.90
Rental
    Rental Information
  • Vacancy Rate: 0
  • Gross Rent Multiplier: $14.74
  • Number Of Buildings: 1
  • Number Of Units: 18

Property History for 1522 Hi Point St

DateEvent & SourcePriceAppreciation
Feb 17, 2021

Listed (Active)

CLAW #21-694366

$6,275,000
Feb 17, 2021

Listed (Active)

CRMLS #21694366

$6,275,000
Nov 1, 2019

Expired

CRMLS #19487024

$6,500,000
DateEvent & SourcePrice
02/17/2021

Listed (Active)

CLAW #21-694366

$6,275,000
02/17/2021

Listed (Active)

CRMLS #21694366

$6,275,000
11/01/2019

Expired

CRMLS #19487024

$6,500,000

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$2,241,789Additions$1,681,343Total$3,923,132
Tax Record2020$49,296 ($4,108 / month)
Home Facts
Total Finished SqFt11,766 SqFtAbove Grade Finished SqFt11,766 SqFtLot Size17,003 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Year Renovated1980ZoningLAR3CountyLOS ANGELESAPN5068018035

Schools near 1522 Hi Point Street


SchoolTypeGradesDistanceRating
Crescent Heights Boulevard Elementary SchoolPublicK-50.3 mi
4
Los Angeles Center For Enriched StudiesPublic6-120.4 mi
8
Cheder Menachem SchoolPrivateK-80.4 mi
NR
Tashbar Sephardic Yeshiva KetanaPrivateK-80.6 mi
NR

Crescent Heights Boulevard Elementary School

K-5, 0.3 mi, Public

4

Los Angeles Center For Enriched Studies

6-12, 0.4 mi, Public

8

Cheder Menachem School

K-8, 0.4 mi, Private

NR

Tashbar Sephardic Yeshiva Ketana

K-8, 0.6 mi, Private

NR

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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1522 Hi Point Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on February 17, 2021 by Colliers International- Los Angeles at $6,275,000. It has been on the market for a total of 60 days and was last sold on March 27, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Crescent Heights Boulevard Elementary School, Los Angeles Center For Enriched Studies and Cheder Menachem School. 1522 Hi Point Street is a 1-bed, 1-bath, 11,766 sqft multi-family home built in 1972. This address can also be written as 1522 Hi Point St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

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 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 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.