3623 Monon Street

3623 Monon Street

Los Angeles, CA 90027

$3,215,000
Price
14
Beds
10
Baths
7,016 Sq. Ft.
$458 / Sq. Ft.
7,016
Sq. Ft.
$458
per Sq. Ft.
an aerial view of a street sign
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a view of empty room with wooden floor
a view of a kitchen with a sink dishwasher and wooden floor
a kitchen with a refrigerator a stove and a cabinets
wooden floor in an empty room with a window
a spacious bathroom with a tub and shower
a kitchen with a refrigerator a sink and dishwasher with wooden floor
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a view of a room with wooden floor and windows
a view of empty room
a view of empty room with wooden floor and fan
a view of an empty room with wooden floor and a window
a bathroom with a bathtub and a shower
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a utility room with dryer and washer
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Description

We are pleased to present 3623-3625 Monon Street, an exceptionally well-located, well-maintained 2-story, 9-unit value-add multi-family investment opportunity (70%+ rental upside potential), located in ULTRA PRIME Hyperion Village, steps from Trader Joe's and Gelsons in the highly desirable Silver Lake/Los Feliz submarkets of Los Angeles, steps south of Rowena Ave and west of Hyperion Ave. Built in 1966, the building is comprised of a great unit mix of 1 (2+2), 4 (2+1), and 4 (1+1) units that average...We are pleased to present 3623-3625 Monon Street, an exceptionally well-located, well-maintained 2-story, 9-unit value-add multi-family investment opportunity (70%+ rental upside potential), located in ULTRA PRIME Hyperion Village, steps from Trader Joe's and Gelsons in the highly desirable Silver Lake/Los Feliz submarkets of Los Angeles, steps south of Rowena Ave and west of Hyperion Ave. Built in 1966, the building is comprised of a great unit mix of 1 (2+2), 4 (2+1), and 4 (1+1) units that average approximately 780 gross square feet. The 7,016 square foot structure is situated on an 8,448 square foot, LARD1.5-zoned lot. There are 9 covered parking spaces (1/unit). Most of the units have original kitchens and bathrooms featuring mid-century ceramic tile countertops, shower/bathtub backsplashes, and original cabinets. Most units have updated laminate or prefinished hardwood floors. Units also feature small balconies, ample cupboard, drawer, and closet space, and a private lockable large bulk storage unit in the carport area. This ULTRA-PRIME Hip Hyperion Village location has an excellent 91 Walk Score, as the neighborhood is home to a variety of shops, restaurants, and nightlife destinations/entertainment options, with Gelson's Markets, Trader Joe's, Pinkberry, and Tenants of the Trees all within short walking distance and Griffith Park Less than a mile away. The Monon building is in the coveted Ivanhoe Elementary School district, the school being 0.4 miles from the building. The Americana at Brand, Glendale Galleria, Best Buy, and Costco are all less than a 10-minute drive away. The property's location is ideal for those looking to live on a quiet street while still having easy access to freeways and enjoying the convenience of being minutes away from, Silver Lake, Echo Park, Los Feliz, Hollywood, West Hollywood, Glendale, Burbank, and Downtown Los Angeles just 4.1 miles to the southeast. The building is 0.5 miles west of the 5 freeway, 1.4 miles west of the CA-2 freeway, 2.4 miles north of 101 freeway, 3.8 miles west of the 110 freeway, and 5.6 miles north of the 10. 3623-3625 Monon St is well-positioned for a value-added investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.
  1. Listed by Matthew R. Kanner • DRE #01349203 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 3623 Monon Street

Zoning
LARD1.5
Parcel Number
5433027013
Total Units
9.0
Living Area
7016
Source Living Area
Vendor Enhanced
Area
Los Feliz (637)
Vacancy Rate
1 unit
Lot Size Area
8448

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203
Add your commute
LISTING UPDATED: 04/01/2024 02:52 PM

Property Details for 3623 Monon Street

StatusActive
MLS #24-343589
Days on Market117
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.19 AC / 8,448 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203
Add your commute

Building Information for 3623 Monon Street

Stories2Residences-Year Built1966Building Size-Lot Size0.19 AC / 8,448 SF

Payment Calculator

$18,649 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,546

Property Taxes

$1,103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3623 Monon Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $190,930
  • Net Operating Income: $123,033.00
  • Gross Income: $196,802
  • Gross Rent Multiplier: $16.34
  • Total Annual Expense: 67898
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.194
  • Lot Size Square Feet: 8448
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Carport Attached, Carport Detached
  • Total Parking: 9
  • Covered Parking: 9
  • Carport Spaces Total: 9
  • Parking Features: Covered, Attached Carport, Detached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s), Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-03-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,874.00
  • Unit Actual Rent: $7,498.00
  • Unit Projected Rent: $11,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,690.00
  • Unit Actual Rent: $6,762.00
  • Unit Projected Rent: $13,200.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,051.00
  • Unit Actual Rent: $2,051.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $541,108.00
  • Assessed Improvement Percent: 54.55
  • Assessed Land Value: $450,924.00
  • Assessed Land Percent: 45.45
  • Assessed Total Value: $992,032.00

Property History for 3623 Monon 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 3623 Monon Street

Taxable ValueLand$450,924Additions$541,438Total$992,362
Tax Record2023$13,241 ($1,103 / month)
Home Facts
Total Finished SqFt7,016 SqFtAbove Grade Finished SqFt7,016 SqFtLot Size8,448 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningLARD1.5CountyLOS ANGELESAPN5433-027-013

Schools near 3623 Monon Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Ivanhoe Elementary School
Public - K to 5
Thomas Starr King Middle School
Public - 6 to 8
John Marshall Senior High School
Public - 9 to 12
South Shores/Csudh Visual And Performing Arts
Public - K to 5
Rating
School
Distance
Ivanhoe Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

South Shores/Csudh Visual And Performing Arts
PublicK to 5

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.

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More information about 3623 Monon Street, Los Angeles, CA 90027

3623 Monon Street is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on January 3, 2024 by Keller Williams Realty Los Feliz, it's currently listed at $3,215,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Ivanhoe Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 3623 Monon Street is a 14-bed, 10-bath, 7,016 sqft multi-family home built in 1966.

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 Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203

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.