1960 South Holt Avenue

Los Angeles, CA 90034

$4,329,500
Last Sold Price
6
Beds
20
Baths
12,209 Sq. Ft.
$355 / Sq. Ft.
12,209
Sq. Ft.
$355
per Sq. Ft.

Description

The Lido Apartments is located in the La Cienga Heights neighborhood of Los Angeles. This location enjoys easy access to transportation, employment, shopping, dining and entertainment. With a high walk score of 81, most of these amenities are within walking distance. The property is very well maintained with several major items being completed in recent years including seismic retrofit and a new central water heater. Nine (60%) of the units have already been renovated, which will enable a new owner...The Lido Apartments is located in the La Cienga Heights neighborhood of Los Angeles. This location enjoys easy access to transportation, employment, shopping, dining and entertainment. With a high walk score of 81, most of these amenities are within walking distance. The property is very well maintained with several major items being completed in recent years including seismic retrofit and a new central water heater. Nine (60%) of the units have already been renovated, which will enable a new owner to create value by renovating interiors on turn overs and significantly raise rents.
  1. Listed by Grant Hahn • DRE #01197893 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 1960 South Holt Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
15.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12209
Assessor Parcel Number
4302-028-034
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Grant Hahn, DRE #01197893

Sold By Morgan Skenderian, Grant Hahn, DRE #01197893

Add your commute
LISTING UPDATED: 01/03/2022 03:26 AM

Property Details for 1960 South Holt Avenue

StatusClosed
MLS #PW21214624
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.29 AC / 12,611 SF
CountyLos Angeles County

Location

Listing Courtesy of Morgan Skenderian, Grant Hahn, DRE #01197893

Sold By Morgan Skenderian, Grant Hahn, DRE #01197893

Add your commute

Building Information for 1960 South Holt Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.29 AC / 12,611 SF

Payment Calculator

$28,205 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,628

Property Taxes

$4,577

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1960 South Holt Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $300,432
  • Gross Scheduled Income: $300,432
  • Vacancy Allowance: 9013
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $291,419
  • Net Operating Income: $180,720
  • Gross Multiplier: 14.9
  • Cap Rate: 4.0
  • Financing: Cash
Expense Details
  • Operating Expense: $110,699
  • Operating Expense Percent: 37.50%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,413
  • Professional Management Expense: $5,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $110,699
Tax / Assessment Info
  • Tax Tract Number: 1250
  • Tax Census Tract: 2696.01
  • CFD/Mello-Roos Fee: $1,842
  • Tax Lot: 235
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $14,193
  • Unit Type Total Rent: $14,193
  • Unit Type Pro Forma: 18950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,225
  • Unit Type Total Rent: $7,225
  • Unit Type Pro Forma: 10000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,895
  • Unit Type Total Rent: $2,985
  • Unit Type Pro Forma: 2895
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1960 South Holt Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1960 South Holt Avenue

Taxable ValueLand$2,652,000Additions$1,764,090Total$4,416,090
Tax Record2023$54,927 ($4,577 / month)
Home Facts
Total Finished SqFt12,209 SqFtAbove Grade Finished SqFt12,209 SqFtLot Size12,611 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLARD2CountyLOS ANGELESAPN4302-028-034

Schools near 1960 South Holt Avenue

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
Shenandoah Street Elementary School
PublicK to 5

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.

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 Morgan Skenderian, Grant Hahn, DRE #01197893

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.