3625 Regal Place
3625 Regal Place
$4,995,000
24
19
12,357
12,357
$404
Active Under Contract
Description
We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access...We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli's and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential.
- Listed by Robert Renshaw • DRE #01332831 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY
Property Details for 3625 Regal Place
Zoning
LARD1.5
Parcel Number2425004025
Total Units14.0
Living Area12357
Source Living AreaVendor Enhanced
AreaSunset Strip - Hollywood Hills West (C03)
Vacancy Rate7%
Lot Size Area11763
Location
LISTING UPDATED: 04/19/2024 09:37 AM
Property Details for 3625 Regal Place
Status | Active Under Contract |
---|---|
MLS # | 24-370458 |
Days on Market | 33 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.27 AC / 11,763 SF |
County | Los Angeles County |
Location
Building Information for 3625 Regal Place
Stories2Residences-Year Built1964Building Size-Lot Size0.27 AC / 11,763 SF
Payment Calculator
$31,749 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3625 Regal Place
Property History for 3625 Regal Place
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3625 Regal Place
Taxable ValueLand$3,218,446Additions$2,895,302Total$6,113,748
Tax Record2023$53,867 ($4,489 / month)
Home Facts
Total Finished SqFt12,357 SqFtAbove Grade Finished SqFt12,357 SqFtLot Size11,764 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN2425-004-025
Schools near 3625 Regal Place
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 - | K to 5 |
Rating | School | Distance |
---|---|---|
Rio Vista Elementary School PublicK to 5 | ||
Walter Reed Middle School Public6 to 8 | ||
North Hollywood Senior High School Public9 to 12 | ||
Richland Avenue Elementary School 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.
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.