4122 Sequoia Street

Los Angeles, CA 90039

$1,185,000
Last Sold Price
9
Beds
9
Baths
4,445 Sq. Ft.
$267 / Sq. Ft.
4,445
Sq. Ft.
$267
per Sq. Ft.

Description

We are pleased to present for sale a 1978 Built (Non-LA City Rent Controlled) 5 Unit multifamily investment opportunity in a supply-constrained market of Atwater Village! Located in one of LA's hottest rental, locations, 4122 Sequoia Street offers investors an opportunity to add substantial value with106% upside potential. The property boasts a strong unit mix of (4) 2 Bedroom & 2 Bath Units and (1) 1 2 Bedroom and 1 Bath Unit. The property has a total square footage of 4,445 SF, is situated on an...We are pleased to present for sale a 1978 Built (Non-LA City Rent Controlled) 5 Unit multifamily investment opportunity in a supply-constrained market of Atwater Village! Located in one of LA's hottest rental, locations, 4122 Sequoia Street offers investors an opportunity to add substantial value with106% upside potential. The property boasts a strong unit mix of (4) 2 Bedroom & 2 Bath Units and (1) 1 2 Bedroom and 1 Bath Unit. The property has a total square footage of 4,445 SF, is situated on an expansive lot size of 7,000 SF, and zoned R1-1-RIO, with (9) parking spaces available for tenants. The property provides the opportunity to construct an ADU at the rear of the lot Buyer to Verify. Soft-Story Retrofit construction IS REQUIRED to be completed. Located within blocks to famous Los Feliz Blvd and Glendale Blvd, the property is situated in close proximity to Atwater's retail corridors, which provides countless eateries, trendy bars, retail, and coffee shops. Additionally, the property is adjacent to Glendale, the Jewel City, and is within minutes to The Americana at Brand, which offers world-class retail, dining, and entrainment. This rare opportunity is poised for an astute investor looking to capture strong market returns on a supply-constrained product in a booming area where prices and rents continue to appreciate Year-over-Year. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, unit mix, year built, zoning, market rents, soft-story retrofit requirements, and the ability to construct an ADU. Do not disturb tenants or walk on property - drive by only.
  1. Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 4122 Sequoia Street

Zoning
LAR1
Parcel Number
5593023006
Total Units
5.0
Living Area
4445
Source Living Area
Vendor Enhanced
Area
Atwater (606)
Vacancy Rate
0
Lot Size Area
7001

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Sold By Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Add your commute
LISTING UPDATED: 09/12/2023 10:43 AM

Property Details for 4122 Sequoia Street

StatusSold
MLS #23-279983
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.16 AC / 7,001 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Sold By Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Add your commute

Building Information for 4122 Sequoia Street

Stories2Residences-Year Built1978Building Size-Lot Size0.16 AC / 7,001 SF

Payment Calculator

$6,986 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,467

Property Taxes

$519

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4122 Sequoia Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: None
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $93,269
  • Net Operating Income: $60,917.00
  • Gross Income: $93,269
  • Gross Rent Multiplier: $14.69
  • Total Annual Expense: 32352
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 7001
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Other
  • Total Parking: 9
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-13-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $6,398.00
  • Unit Projected Rent: $11,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,374.00
  • Unit Actual Rent: $1,374.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $285,370.00
  • Assessed Improvement Percent: 67.21
  • Assessed Land Value: $139,201.00
  • Assessed Land Percent: 32.79
  • Assessed Total Value: $424,571.00

Property History for 4122 Sequoia 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 4122 Sequoia Street

Taxable ValueLand$141,985Additions$291,077Total$433,062
Tax Record2023$6,229 ($519 / month)
Home Facts
Total Finished SqFt4,445 SqFtAbove Grade Finished SqFt4,445 SqFtLot Size7,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1978ZoningLAR1CountyLOS ANGELESAPN5593-023-006

Schools near 4122 Sequoia Street

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 - 9 to 12
Rating
School
Distance
Glenfeliz Boulevard Elementary School
PublicK to 6

John Marshall Senior High 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.

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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 and Investment Realty, Eric Dilanian, DRE #01951699

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.