3143 Hollycrest Drive

Los Angeles, CA 90068

$1,500,000
Price
4
Beds
4
Baths
2,998 Sq. Ft.
$500 / Sq. Ft.
2,998
Sq. Ft.
$500
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one vacant unrenovated unit that can be remodeled and rented...We are pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one vacant unrenovated unit that can be remodeled and rented out at market rate or occupied by an owner/user. Only one unit has been lightly renovated at this property, which boasts a tremendous opportunity for a new investor to add significant value to this property over the course of ownership. Units 1 and 2 are larger floorplans that are identical with larger living rooms and a dining area. Unit 2 and 3 are slightly smaller floorplans and have a dining area as well. Units 3 and 4 both come with high ceilings that allow for lots of light and a very spacious feel for tenants. Only one long-term tenant occupies this property, and their rent is over $2200 per month.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 3143 Hollycrest Drive

Zoning
LARD1.5
Parcel Number
5579039015
Total Units
4.0
Living Area
2998
Source Living Area
Vendor Enhanced
Area
Hollywood Hills East (C30)
Vacancy Rate
1
Lot Size Area
6439

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505
Add your commute
LISTING UPDATED: 04/19/2024 02:07 PM

Property Details for 3143 Hollycrest Drive

StatusActive
MLS #24-346183
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.15 AC / 6,439 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505
Add your commute

Building Information for 3143 Hollycrest Drive

Stories2Residences-Year Built1954Building Size-Lot Size0.15 AC / 6,439 SF

Payment Calculator

$9,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$1,540

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3143 Hollycrest Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: SKPM Group
  • Management Company Phone: 8183940772|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
  • Water: District
  • Water Heaters: Yes
  • Water Heater Features: Gas
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: $104,300
  • Net Operating Income: $74,765.00
  • Gross Income: $107,100
  • Cap Rate: 4.98%
  • Gross Rent Multiplier: $14.01
  • Actual Annual Gross Rent: $75,300.00
  • Actual Gross Annual Income: $75,300
  • Actual Rent Total: $6,275.00
  • Owner Pays: Water, Other, Gardener
  • Total Annual Expense: 29535
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1478
  • Lot Size Square Feet: 6439
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 3
  • Covered Parking: 3
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood, Wood Laminate
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Oven-Gas
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Patio Features: Living Room Balcony
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-14-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,225.00
  • Unit Actual Rent: $2,225.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $502,243.00
  • Assessed Improvement Percent: 49.24
  • Assessed Land Value: $517,777.00
  • Assessed Land Percent: 50.76
  • Assessed Total Value: $1,020,020.00

Property History for 3143 Hollycrest Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3143 Hollycrest Drive

Taxable ValueLand$728,280Additions$754,290Total$1,482,570
Tax Record2023$18,477 ($1,540 / month)
Home Facts
Total Finished SqFt2,998 SqFtAbove Grade Finished SqFt2,998 SqFtLot Size6,439 SqFtStyleQuadraplexYear Built1954ZoningLARD1.5CountyLOS ANGELESAPN5579-039-015

Schools near 3143 Hollycrest Drive

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

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

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.

3143 Hollycrest Drive is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on January 10, 2024 by Marcus & Millichap, it's currently listed at $1,500,000. It has been on the market for a total of 111 days and was last sold on March 17, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Valley View Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 3143 Hollycrest Drive is a 4-bed, 4-bath, 2,998 sqft multi-family home built in 1954.

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 Marcus & Millichap, Sevak Keshishian, DRE #01887505

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.