4230 Los Feliz Boulevard

Los Angeles, CA 90027

$4,500,000
Last Sold Price
24
Beds
16
Baths
10,380 Sq. Ft.
$434 / Sq. Ft.
10,380
Sq. Ft.
$434
per Sq. Ft.

Description

Comprised of 16 post war units in one of the best locations Los Feliz has to offer, 4230 & 4250 Los Feliz Blvd is a true value-add gem with enormous upside potential. An even mix of 2-bed/1-bath and 1-Bed/1Bath units makes the property perfectly positioned for the affluent millennial renters that are drawn to this enclave by its hip restaurants and trendy boutique shops. The property is made up of two side-by-side lots, each containing an 8-unit, 2-story apartment building. Separate APNs mean there...Comprised of 16 post war units in one of the best locations Los Feliz has to offer, 4230 & 4250 Los Feliz Blvd is a true value-add gem with enormous upside potential. An even mix of 2-bed/1-bath and 1-Bed/1Bath units makes the property perfectly positioned for the affluent millennial renters that are drawn to this enclave by its hip restaurants and trendy boutique shops. The property is made up of two side-by-side lots, each containing an 8-unit, 2-story apartment building. Separate APNs mean there is no need for an on-site manager despite there being a total of 16 units. Most units remain in original condition, although ownership has undertaken 2 recent renovations. There is laundry on site and all units are separately metered for gas and electric. Surface parking is at the rear and accessible via a central driveway. Although the property is ideally suited as a reposition opportunity, the R3 zoning (Tier 2 TOC designation) offers potential future development opportunity as well.
  1. Listed by Robert Renshaw • DRE #01332831 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 4230 Los Feliz Boulevard

Zoning
LAR3
Parcel Number
5591002006
Total Units
16.0
Living Area
10380
Source Living Area
Assessor
Area
Los Feliz (637)
Vacancy Rate
19%
Lot Size Area
14000

Location

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

Sold By Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Add your commute
LISTING UPDATED: 05/18/2020 05:36 PM

Property Details for 4230 Los Feliz Boulevard

StatusSold
MLS #20-541038
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.32 AC / 14,000 SF
CountyLos Angeles County

Location

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

Sold By Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Add your commute

Building Information for 4230 Los Feliz Boulevard

Stories2Residences-Year Built1948Building Size-Lot Size0.32 AC / 14,000 SF

Payment Calculator

$27,024 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,558

Property Taxes

$2,466

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4230 Los Feliz Boulevard

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: residential
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $274,250
  • Net Operating Income: $163,631.00
  • Gross Income: $282,732
  • Gross Rent Multiplier: $16.25
  • Total Annual Expense: 110619
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Size Square Feet: 14000
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 12
  • Parking Features: Assigned
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-06-2020
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $12,760.00
  • Unit Projected Rent: $24,000.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,351.00
  • Unit Actual Rent: $10,808.00
  • Unit Projected Rent: $17,200.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $251,081.00
  • Assessed Land Value: $196,433.00

Public Records for 4230 Los Feliz Boulevard

Taxable ValueLand$1,655,605Additions$711,844Total$2,367,449
Tax Record2023$29,591 ($2,466 / month)
Home Facts
Total Finished SqFt5,190 SqFtAbove Grade Finished SqFt5,190 SqFtLot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLAR3CountyLOS ANGELESAPN5591-002-006

Schools near 4230 Los Feliz Boulevard

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
Franklin Avenue Elementary School
PublicK to 6

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 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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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.