220 South Poinsettia Place

Los Angeles, CA 90036

$2,845,000
Price
6
Beds
8
Baths
5,854 Sq. Ft.
$486 / Sq. Ft.
5,854
Sq. Ft.
$486
per Sq. Ft.

Description

Pleased to present the opportunity to acquire 220 S. Poinsettia Place, an eight-unit investment opportunity located in the highly desirable 90036 zip code of Los Angeles. located in the highly desirable 90036 zip code of Los Angeles. Excellent Unit Mix Offering (2) Studios and (6) One-Bedroom Units with 32% upside in rents. 220 Poinsettia Place is a walker's paradise; daily errands do not require a car and you're in close proximity to shopping, dining and entertainment on Melrose Avenue & Santa Monica...Pleased to present the opportunity to acquire 220 S. Poinsettia Place, an eight-unit investment opportunity located in the highly desirable 90036 zip code of Los Angeles. located in the highly desirable 90036 zip code of Los Angeles. Excellent Unit Mix Offering (2) Studios and (6) One-Bedroom Units with 32% upside in rents. 220 Poinsettia Place is a walker's paradise; daily errands do not require a car and you're in close proximity to shopping, dining and entertainment on Melrose Avenue & Santa Monica Boulevard!
  1. Listed by Tony Azzi • DRE #00910513 • Brokerage DRE #00910513 • Tony Azzi

Property Details for 220 South Poinsettia Place

Zoning
LAR3
Parcel Number
5512022019
Total Units
8.0
Living Area
5854
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
3943
Lot Size Area
7932

Location

Listing Courtesy of Tony Azzi, Tony Azzi, DRE #00910513
Add your commute
LISTING UPDATED: 04/24/2024 12:31 PM

Property Details for 220 South Poinsettia Place

StatusActive
MLS #24-368281
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.18 AC / 7,932 SF
CountyLos Angeles County

Location

Listing Courtesy of Tony Azzi, Tony Azzi, DRE #00910513
Add your commute

Building Information for 220 South Poinsettia Place

Stories-Residences-Year Built1941Building Size-Lot Size0.18 AC / 7,932 SF

Payment Calculator

$15,839 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,526

Property Taxes

$313

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 220 South Poinsettia Place

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Standard
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: $202,230
  • Net Operating Income: $131,435.00
  • Gross Income: $197,160
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: $14.43
  • Vacancy Allow Percent: 2.00%
  • Total Annual Expense: 66851
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1821
  • Lot Size Square Feet: 7932
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 6
  • Covered Parking: 6
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,596.50
  • Unit Actual Rent: $3,193.00
  • Unit Projected Rent: $4,390.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,206.10
  • Unit Actual Rent: $13,237.00
  • Unit Projected Rent: $17,370.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $142,749.00
  • Assessed Improvement Percent: 66.46
  • Assessed Land Value: $72,055.00
  • Assessed Land Percent: 33.54
  • Assessed Total Value: $214,804.00

Property History for 220 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 220 South Poinsettia Place

Taxable ValueLand$72,055Additions$143,149Total$215,204
Tax Record2023$3,757 ($313 / month)
Home Facts
Total Finished SqFt5,854 SqFtAbove Grade Finished SqFt5,854 SqFtLot Size7,932 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLAR3CountyLOS ANGELESAPN5512-022-019

Schools near 220 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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220 South Poinsettia Place is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on February 29, 2024 by Tony Azzi, it's currently listed at $2,845,000. It has been on the market for a total of 60 days and was last sold on February 21, 2023. 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. 220 South Poinsettia Place is a 6-bed, 8-bath, 5,854 sqft multi-family home built in 1941.

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 Tony Azzi, Tony Azzi, DRE #00910513

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.