3625 Regal Place

Los Angeles, CA 90068

$4,995,000
Price
24
Beds
19
Baths
12,357 Sq. Ft.
$404 / Sq. Ft.
12,357
Sq. Ft.
$404
per Sq. Ft.

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.
  1. Listed by Robert Renshaw • DRE #01332831 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 3625 Regal Place

Zoning
LARD1.5
Parcel Number
2425004025
Total Units
14.0
Living Area
12357
Source Living Area
Vendor Enhanced
Area
Sunset Strip - Hollywood Hills West (C03)
Vacancy Rate
7%
Lot Size Area
11763

Location

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831
Add your commute
LISTING UPDATED: 04/19/2024 09:37 AM

Property Details for 3625 Regal Place

StatusActive Under Contract
MLS #24-370458
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.27 AC / 11,763 SF
CountyLos Angeles County

Location

Listing Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831
Add your commute

Building Information for 3625 Regal Place

Stories2Residences-Year Built1964Building Size-Lot Size0.27 AC / 11,763 SF

Payment Calculator

$31,749 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,260

Property Taxes

$4,489

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3625 Regal Place

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: residential
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: $362,520
  • Net Operating Income: $225,475.00
  • Gross Income: $372,139
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: $13.42
  • Total Annual Expense: 137045
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2701
  • Lot Size Square Feet: 11763
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 14
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,076.00
  • Unit Actual Rent: $3,076.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,059.00
  • Unit Actual Rent: $4,117.00
  • Unit Projected Rent: $7,400.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,808.00
  • Unit Actual Rent: $1,808.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,366.00
  • Unit Actual Rent: $11,829.00
  • Unit Projected Rent: $17,500.00
  • Like Units: 5
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,036.00
  • Unit Actual Rent: $10,181.00
  • Unit Projected Rent: $12,500.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,893,302.00
  • Assessed Improvement Percent: 47.34
  • Assessed Land Value: $3,218,446.00
  • Assessed Land Percent: 52.66
  • Assessed Total Value: $6,111,748.00

Property History for 3625 Regal Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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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 REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831

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.