313 South Church Lane

Los Angeles, CA 90049

$2,695,000
Price
8
Beds
8
Baths
5,819 Sq. Ft.
$463 / Sq. Ft.
5,819
Sq. Ft.
$463
per Sq. Ft.

Description

8 units in the quiet Brentwood Glen neighborhood. Long term owner - first time on the market in more than 30 years. Below market rents - over 30% upside in the rents. The building consists or 8 - 1 bedroom + 1 bath units. There is currently 1 unit that will be delivered vacant at the close of escrow. The building has 5,819 square feet and it sits on 10,361 square foot lot. There is a carport in the back with 8 parking spots. It is individually metered for gas and electricity. Minutes to Westwood...8 units in the quiet Brentwood Glen neighborhood. Long term owner - first time on the market in more than 30 years. Below market rents - over 30% upside in the rents. The building consists or 8 - 1 bedroom + 1 bath units. There is currently 1 unit that will be delivered vacant at the close of escrow. The building has 5,819 square feet and it sits on 10,361 square foot lot. There is a carport in the back with 8 parking spots. It is individually metered for gas and electricity. Minutes to Westwood Village, UCLA, Getty Center, beach, restaurants and shops.
  1. Listed by Michael A Salerno • DRE #01212427 • Brokerage DRE #01212427 • Michael Anthony Salerno

Property Details for 313 South Church Lane

Zoning
LAR3
Parcel Number
4365026013
Total Units
8.0
Living Area
5819
Source Living Area
Vendor Enhanced
Area
Brentwood (C06)
Vacancy Rate
yes
Lot Size Area
10364

Location

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427
Add your commute
LISTING UPDATED: 04/01/2024 01:10 PM

Property Details for 313 South Church Lane

StatusPending
MLS #24-372449
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.24 AC / 10,364 SF
CountyLos Angeles County

Location

Listing Courtesy of Michael Anthony Salerno, Michael A Salerno, DRE #01212427
Add your commute

Building Information for 313 South Church Lane

Stories2Residences-Year Built1949Building Size-Lot Size0.24 AC / 10,364 SF

Payment Calculator

$15,099 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,708

Property Taxes

$391

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 313 South Church Lane

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $156,582
  • Net Operating Income: $101,927.00
  • Gross Income: $164,792
  • Gross Rent Multiplier: $16.41
  • Vacancy Allow Dollar: $8,210.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 54655
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2379
  • Lot Size Square Feet: 10364
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 8
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,561.00
  • Unit Actual Rent: $1,561.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,021.00
  • Unit Actual Rent: $1,021.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,669.00
  • Unit Actual Rent: $1,669.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,870.00
  • Unit Actual Rent: $1,870.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,493.00
  • Unit Actual Rent: $1,493.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,565.00
  • Unit Actual Rent: $1,565.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $832,320.00
  • Assessed Improvement Percent: 22.86
  • Assessed Land Value: $2,809,080.00
  • Assessed Land Percent: 77.14
  • Assessed Total Value: $3,641,400.00

Property History for 313 South Church Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 313 South Church Lane

Taxable ValueLand$2,809,080Additions$833,520Total$3,642,600
Tax Record2023$4,689 ($391 / month)
Home Facts
Total Finished SqFt5,819 SqFtAbove Grade Finished SqFt5,819 SqFtLot Size10,361 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLAR3CountyLOS ANGELESAPN4365-026-013

Schools near 313 South Church Lane

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 5
Charter - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Brentwood Science School
PublicK to 5

Kenter Canyon Elementary School
CharterK to 5

Paul Revere Middle School
Charter6 to 8

University Senior High School Charter
Charter9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Michael Anthony Salerno, Michael A Salerno, DRE #01212427

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.