321 North Bixel Street

Los Angeles, CA 90026

$4,850,000
Last Sold Price
7
Beds
9
Baths
6,939 Sq. Ft.
$699 / Sq. Ft.
6,939
Sq. Ft.
$699
per Sq. Ft.

Description

321 N. Bixel Street, a collection of newly constructed modern units offering unparalleled views of the DTLA skyline and condo-quality finishes. This stabilized trophy asset is NOT SUBJECT TO RENT CONTROL, generates $300K+ in annual gross income and features stellar tenant profiles with high-income producing jobs. Situated just South of Temple St, the subject property is comprised of (7) townhome-style lofts with private rooftop patios offering stellar views of DTLA and (2) ground-floor studios with...321 N. Bixel Street, a collection of newly constructed modern units offering unparalleled views of the DTLA skyline and condo-quality finishes. This stabilized trophy asset is NOT SUBJECT TO RENT CONTROL, generates $300K+ in annual gross income and features stellar tenant profiles with high-income producing jobs. Situated just South of Temple St, the subject property is comprised of (7) townhome-style lofts with private rooftop patios offering stellar views of DTLA and (2) ground-floor studios with private courtyards. Please note, 1 unit will be delivered VACANT upon COE. Developed to exceed the needs of high-income professionals, these condo-quality units feature cutting-edge smart home technology, stainless-steel appliances, quartz countertops, recessed lighting and in-unit washer and dryer. Additionally, the property features gated entry and nine covered parking spaces.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

  3. Max Berger

    Max Berger

    Alternative Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

Property Details for 321 North Bixel Street

Zoning
LACW
Style
Modern
Parcel Number
5160020028
Total Units
9.0
Living Area
6939
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
1

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251; Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

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LISTING UPDATED: 06/20/2022 02:49 PM

Property Details for 321 North Bixel Street

StatusSold
MLS #21-110805
Days on Market162
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.16 AC / 7,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251; Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute

Virtual Tour

Building Information for 321 North Bixel Street

Stories3Residences-Year Built2020Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$31,411 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,468

Property Taxes

$4,943

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 321 North Bixel Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Lofts
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $302,570
  • Net Operating Income: $204,758.00
  • Gross Income: $311,928
  • Cap Rate: 4.14%
  • Gross Rent Multiplier: $15.87
  • Financial Info as Of: 05/19/2022
  • Total Annual Expense: 97812
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 7000
Parking Details
Parking Details
  • Parking Garage: Side By Side, Covered Parking
  • Total Parking: 9
  • Covered Parking: 9
  • Parking Features: Side by Side, Covered
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Common Walls: Attached
  • Laundry: In Unit
  • Virtual Tour Url: https://vimeo.com/650620489
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-08-2021
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,095.00
  • Unit Actual Rent: $3,095.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,871.00
  • Unit Actual Rent: $2,871.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $11,000.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,295.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 321 North Bixel Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 321 North Bixel Street

Taxable ValueLand$3,060,000Additions$1,887,000Total$4,947,000
Tax Record2023$59,320 ($4,943 / month)
Home Facts
Total Finished SqFt6,939 SqFtAbove Grade Finished SqFt6,939 SqFtStories1Lot Size7,009 SqFtStyleMulti-Family Res (5+ Units)Year Built2019ZoningLACWCountyLOS ANGELESAPN5160-020-028

Schools near 321 North Bixel Street

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
Public - 9 to 12
Rating
School
Distance
Betty Plasencia Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Belmont Senior High School
Public9 to 12

Miguel Contreras Learning Complex 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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Similar Sold 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 Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251; Compass, Max Berger, DRE #02054048

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.