2042 North Las Palmas Avenue

Los Angeles, CA 90068

$1,400,000
Last Sold Price
4
Beds
3
Baths
1,804 Sq. Ft.
$776 / Sq. Ft.
1,804
Sq. Ft.
$776
per Sq. Ft.

Description

OPPORTUNITY AWAITS - Priced out of the Single Family market ? This secluded Hollywood Hills duplex offers pride of ownership AND solid income in one package. Two units means extra income to make those mortgage payments. Each unit has its own separate entrances, no common walls, and each with a private patio for outdoor dining or just relaxing after a long day. Each is 1,100 sq. ft. with the owner's unit offering 2 beds +2 baths ensuite with walk-in closets and tree top views. The 2nd unit features...OPPORTUNITY AWAITS - Priced out of the Single Family market ? This secluded Hollywood Hills duplex offers pride of ownership AND solid income in one package. Two units means extra income to make those mortgage payments. Each unit has its own separate entrances, no common walls, and each with a private patio for outdoor dining or just relaxing after a long day. Each is 1,100 sq. ft. with the owner's unit offering 2 beds +2 baths ensuite with walk-in closets and tree top views. The 2nd unit features remodeled kitchen, hardwood floors, and long term tenant paying market rate rents. Close to Lake Hollywood, Runyon Canyon and the Hollywood Bowl its the perfect location for taking advantage of all Southern California has to offer. Check out the Virtual Tours, with the 2042 1/2 tour on the property website link. When visiting for an Open House or a scheduled appointment please do not park in or block the driveway / garage. Ample parking in the Hollywood Bowl lot at the corner of Milner and Highland
  1. Listed by Timothy Meinelschmidt • DRE #01893861 • Brokerage DRE #01458187 • Keller Williams Larchmont

Property Details for 2042 North Las Palmas Avenue

Zoning
LAR1
Parcel Number
5575013031
Total Units
2.0
Living Area
1804
Source Living Area
Vendor Enhanced
Area
Hollywood Hills East (C30)
Vacancy Rate
50%
Lot Size Area
3586

Location

Listing Courtesy of Keller Williams Larchmont, Timothy Meinelschmidt, DRE #01893861

Sold By GKY Realty (Gary K. Yano), Gary Yano, DRE #00657852

Add your commute
LISTING UPDATED: 04/28/2022 11:26 AM

Property Details for 2042 North Las Palmas Avenue

StatusSold
MLS #21-797930
Days on Market108
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.08 AC / 3,586 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Larchmont, Timothy Meinelschmidt, DRE #01893861

Sold By GKY Realty (Gary K. Yano), Gary Yano, DRE #00657852

Add your commute

Virtual Tour

Building Information for 2042 North Las Palmas Avenue

Stories-Residences-Year Built1921Building Size-Lot Size0.08 AC / 3,586 SF

Payment Calculator

$9,016 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$1,376

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2042 North Las Palmas Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: Yes
  • View Description: Canyon, City Lights, Trees/Woods
  • View: Canyon, City Lights, Trees/Woods
  • Security Features: Smoke Detector
  • Direction Faces: West
  • Sewer: In Street
  • ADA Compliance: No
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $104,400
  • Net Operating Income: $88,300.00
  • Gross Income: $104,400
  • Gross Rent Multiplier: $14.07
  • Total Annual Expense: 16100
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0823
  • Lot Size Square Feet: 3586
  • Lot Description: Fenced Yard
  • Lot Location: Hillside
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Family Room, Decorative
  • Fireplace Rooms: Family Room, Decorative
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed
  • Equipment: Dishwasher, Gas Dryer Hookup
  • Bathroom Features: Double Shower
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • Laundry: In Kitchen, Laundry Closet Stacked
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony, French Doors
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-22-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $263,408.00
  • Assessed Improvement Percent: 34.81
  • Assessed Land Value: $493,191.00
  • Assessed Land Percent: 65.19
  • Assessed Total Value: $756,599.00

Property History for 2042 North Las Palmas 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 2042 North Las Palmas Avenue

Taxable ValueLand$1,173,000Additions$173,400Total$1,346,400
Tax Record2023$16,516 ($1,376 / month)
Home Facts
Total Finished SqFt1,804 SqFtAbove Grade Finished SqFt1,804 SqFtLot Size3,586 SqFtStyleDuplexYear Built1921ZoningLAR1CountyLOS ANGELESAPN5575-013-031

Schools near 2042 North Las Palmas 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
Charter - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK 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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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 Keller Williams Larchmont, Timothy Meinelschmidt, DRE #01893861

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.