211 South Poinsettia Place

Los Angeles, CA 90036

$5,950,000
Price
16
Beds
17
Baths
12,976 Sq. Ft.
$459 / Sq. Ft.
12,976
Sq. Ft.
$459
per Sq. Ft.

Description

Manhattan Living in Los Angeles! A once in a life time opportunity to acquire a four story building with a top 2 story Penthouse over 4000 sq ft with 360 Ariel views of all of Los Angeles. The Penthouse will be delivered vacant. Built in 1989, this apartment complex features six 2 bedroom 2 bathroom units, all with washer and dryer units. Units are not subject to Los Angeles rent control and 5 out 6 units are due for immediate increases. Located in the desirable Miracle Mile /Hancock Park rental...Manhattan Living in Los Angeles! A once in a life time opportunity to acquire a four story building with a top 2 story Penthouse over 4000 sq ft with 360 Ariel views of all of Los Angeles. The Penthouse will be delivered vacant. Built in 1989, this apartment complex features six 2 bedroom 2 bathroom units, all with washer and dryer units. Units are not subject to Los Angeles rent control and 5 out 6 units are due for immediate increases. Located in the desirable Miracle Mile /Hancock Park rental market area Near the Grove, Pan Pacific Park, Beverly Center, Cedar Sinai and Melrose shopping. Underground parking ample for 2 cars per unit. Being sold by original developer. There is no Property like this one. Shown with accepted offer only. Please do not disturb tenants.
  1. Listed by Joshua Tomaszewski • DRE #01836611 • Brokerage DRE #01836611 • JRM Properties

Property Details for 211 South Poinsettia Place

Zoning
LAR3
Parcel Number
5512019020
Total Units
7.0
Living Area
12976
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
3%
Lot Size Area
7419

Location

Listing Courtesy of JRM Properties, Joshua Tomaszewski, DRE #01836611
Add your commute
LISTING UPDATED: 03/14/2024 12:01 AM

Property Details for 211 South Poinsettia Place

StatusActive
MLS #24-365621
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.17 AC / 7,419 SF
CountyLos Angeles County

Building

211 S Poinsettia Pl

7 Units3 StoriesBuilt in 1989

Location

Listing Courtesy of JRM Properties, Joshua Tomaszewski, DRE #01836611
Add your commute

Building Information for 211 South Poinsettia Place

Stories3Residences7Year Built1989Building Size-Lot Size0.17 AC / 7,419 SF

Payment Calculator

$34,577 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,472

Property Taxes

$2,105

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 211 South Poinsettia Place

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Contemporary
  • Security Features: Fire and Smoke Detection System
  • Direction Faces: East
  • Water Heaters: Yes
  • ADA Compliance: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $362,877
  • Net Operating Income: $245,412.00
  • Gross Income: $374,100
  • Cap Rate: 4.12%
  • Gross Rent Multiplier: $15.90
  • Owner Pays: Water
  • Total Annual Expense: 117464
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1703
  • Lot Size Square Feet: 7419
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 14
  • Garage Spaces Total: 14
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Carpet
  • Equipment: Built-Ins, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Intercom, Dryer, Ceiling Fan, Garbage Disposal, Elevator
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Oven, Gas/Electric Range
  • Laundry: In Unit, Inside
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Common Roof
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-07-2024
  • Rent Control: No
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $19,175.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $12,000.00
  • Unit Actual Rent: $12,000.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,893,929.00
  • Assessed Improvement Percent: 95.92
  • Assessed Land Value: $80,564.00
  • Assessed Land Percent: 4.08
  • Assessed Total Value: $1,974,493.00

Property History for 211 South Poinsettia Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 211 South Poinsettia Place

Taxable ValueLand$80,564Additions$1,894,789Total$1,975,353
Tax Record2023$25,256 ($2,105 / month)
Home Facts
Total Finished SqFt12,976 SqFtAbove Grade Finished SqFt12,976 SqFtLot Size7,505 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningLAR3CountyLOS ANGELESAPN5512-019-020

Schools near 211 South Poinsettia Place

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

Fairfax Senior High School
Public9 to 12

Whitman Continuation 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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211 South Poinsettia Place is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on March 6, 2024 by JRM Properties, it's currently listed at $5,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Hancock Park Elementary School, Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math and Fairfax Senior High School. 211 South Poinsettia Place is a 16-bed, 17-bath, 12,976 sqft multi-family home built in 1989.

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 JRM Properties, Joshua Tomaszewski, DRE #01836611

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.