4343 Clarissa Avenue

Los Angeles, CA 90027

$3,350,000
Last Sold Price
4
Beds
6
Baths
4,660 Sq. Ft.
$719 / Sq. Ft.
4,660
Sq. Ft.
$719
per Sq. Ft.

Description

Rare modern industrial duplex in the heart of Los Feliz, just a short distance from all the shops, dining and entertainment on Hillhurst Ave. This is not your typical newer construction project and will satisfy the needs of the most discerning clientele. Exceptional thought and creativity went into every square inch of these incredible spaces. Soaring ceilings, exposed ducting, piping and steel beams, antique brick veneer accents, concrete and distressed wood flooring, matte black and aged brass...Rare modern industrial duplex in the heart of Los Feliz, just a short distance from all the shops, dining and entertainment on Hillhurst Ave. This is not your typical newer construction project and will satisfy the needs of the most discerning clientele. Exceptional thought and creativity went into every square inch of these incredible spaces. Soaring ceilings, exposed ducting, piping and steel beams, antique brick veneer accents, concrete and distressed wood flooring, matte black and aged brass fixtures and Carrara marble counters blend seamlessly together to create designer showplaces unlike anything else available on the market today. Front unit has accordion doors, multiple terraces and views of the city skyline. Rear unit has a large, private and hedged patio. Two original pieces of work by renowned graffiti artist Defer have been implemented into the design, one as part of the front exterior facade and the second as an accent wall in the front unit's dining area. Condo plan has also been recorded for the property, allowing an owner to separate the units. Front unit (4343) will be vacant on June 1st, providing an additional opportunity to live in one unit while collecting $7,000/month in rental income from the rear unit (4345). All utilities are individually metered. Four-car garage is shared, providing two covered tandem spaces for each unit, plus one driveway space. Front unit has direct access from the garage. This is an incredibly rare investment opportunity that's not to be missed.
  1. Listed by Corey Nelson • DRE #01462372 • Brokerage DRE #00824452 • Sotheby's International Realty

Property Details for 4343 Clarissa Avenue

Water Front
None
Zoning
LAR2
Style
Architectural
Parcel Number
5591014024
Total Units
2.0
Living Area
4660
Source Living Area
Assessor
Area
Los Feliz (637)

Location

Listing Courtesy of Sotheby's International Realty, Corey Nelson, DRE #01462372

Sold By Sotheby's International Realty, Corey Nelson, DRE #01462372

Add your commute
LISTING UPDATED: 10/05/2022 12:48 PM

Property Details for 4343 Clarissa Avenue

StatusSold
MLS #22-151125
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.13 AC / 5,547 SF
CountyLos Angeles County

Building

Clarissa Lofts

2 Units3 StoriesBuilt in 2019

Location

Listing Courtesy of Sotheby's International Realty, Corey Nelson, DRE #01462372

Sold By Sotheby's International Realty, Corey Nelson, DRE #01462372

Add your commute

Building Information for 4343 Clarissa Avenue

Stories3Residences2Year Built2019Building Size-Lot Size0.13 AC / 5,547 SF

Payment Calculator

$20,101 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,282

Property Taxes

$1,819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4343 Clarissa Avenue

Community / Development
Community / Development
  • Complex Name: Clarissa Lofts
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Condo
  • View: Yes
  • View Description: City
  • View: City Lights
  • Direction Faces: South
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: Actual
  • Gross Operating Income: $177,000
  • Net Operating Income: $133,164.00
  • Gross Income: $177,000
  • Gross Rent Multiplier: $18.36
  • Actual Annual Gross Rent: $177,000.00
  • Total Annual Expense: 46722
  • Tax Expense: $41,875
  • Gardener Expense: $1,920
  • Insurance Expense: $2,927
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5547
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 6
  • Covered Parking: 4
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-28-2022
  • Rent Control: 0
  • Tenant Pays: Gas, Electricity, Cable TV, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $7,750.00
  • Unit Actual Rent: $7,750.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $7,000.00
  • Unit Actual Rent: $7,000.00
  • Unit Projected Rent: $7,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $171,504.00
  • Assessed Land Value: $490,023.00

Property History for 4343 Clarissa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4343 Clarissa Avenue

Taxable ValueLand$1,324,062Additions$460,938Total$1,785,000
Tax Record2023$21,829 ($1,819 / month)
Home Facts
Beds2Total Finished SqFt2,370 SqFtAbove Grade Finished SqFt2,370 SqFtLot Size5,298 SqFtStyleCondominiumYear Built2018ZoningLAR2CountyLOS ANGELESAPN5591-014-024

Schools near 4343 Clarissa Avenue

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
Public - K to 2
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

Lexington Avenue Primary Center
PublicK to 2

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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Similar Sold 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 Sotheby's International Realty, Corey Nelson, DRE #01462372

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.