5111 Harold Way

Los Angeles, CA 90027

$4,000,000
Last Sold Price
16
Beds
20
Baths
11,490 Sq. Ft.
$348 / Sq. Ft.
11,490
Sq. Ft.
$348
per Sq. Ft.

Description

5111 Harold Way is 11,490 square foot property situated on a 8,973 square foot LARD1.5 zoned lot. The property is made up of seventeen (17) units, with a great unit mix of four (4) studio units, ten (10) one bedroom & one bathroom units, and three (3) two bedroom & two bathroom units. Each unit is separately metered for gas & electricity. There are fifteen (15) parking spaces rented separately, copper plumbing throughout, one (1) hot water heater, and the seismic retrofit work has been completed....5111 Harold Way is 11,490 square foot property situated on a 8,973 square foot LARD1.5 zoned lot. The property is made up of seventeen (17) units, with a great unit mix of four (4) studio units, ten (10) one bedroom & one bathroom units, and three (3) two bedroom & two bathroom units. Each unit is separately metered for gas & electricity. There are fifteen (15) parking spaces rented separately, copper plumbing throughout, one (1) hot water heater, and the seismic retrofit work has been completed. Moreover, there is storage space and a common laundry room with card operated machines, allowing for additional streams of income. Four (4) units will be delivered vacant at the close of escrow. The property is located near the very desirable Los Feliz neighborhood, between Sunset Blvd. & HollywoodBlvd, with very easy access to the 101 Freeway. This location is deemed a "Walker's Paradise" with a score of 92 out of 100, as most daily errands can be accomplished by foot. Within close proximity, you have the Greek Theater & Griffith Park. Minutes away you have employers like Kaiser Permanente Hospital, Hollywood Presbyterian Hospital, the Childrens Hospital of Los Angeles, Netflix, KTLA, LACC, and the Hollywood Studios. Tenants and owners alike are attracted to the area because of all the local bars, restaurants, and shopping in the immediate vicinity, all while having easy access to major employment hubs such as DTLA, Koreatown, and Hollywood. Some of the most popular nearby spots include Lolo Wine Bar & Restaurant, Jitalda Restaurant, Tabula Rasa Bar, Cara Hotel, and Barnsdall Arts Park. 5111 Harold Way is an excellent opportunity for an investor to acquire a day-one cash-flowing property in prime location. All tenants are paying their rents and four units will be delivered vacant at close of escrow! The subject property is located in the City of Los Angeles and is subject to rent control.
  1. Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union

Property Details for 5111 Harold Way

Zoning
LARD1.5
Parcel Number
5544013007
Total Units
17.0
Living Area
11490
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
4
Lot Size Area
8973

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Sold By Equity Union, Nicole Apostolos, DRE #01464936

Add your commute
LISTING UPDATED: 09/30/2022 09:57 AM

Property Details for 5111 Harold Way

StatusSold
MLS #22-164071
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.21 AC / 8,973 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Sold By Equity Union, Nicole Apostolos, DRE #01464936

Add your commute

Building Information for 5111 Harold Way

Stories3Residences-Year Built1964Building Size-Lot Size0.21 AC / 8,973 SF

Payment Calculator

$25,973 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,830

Property Taxes

$4,143

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5111 Harold Way

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Sgl,1+1,2+2
  • View: Yes
  • View Description: Landmark
  • View: Landmark
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $319,632
  • Net Operating Income: $193,509.00
  • Gross Income: $319,632
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $13.77
  • Total Annual Expense: 116534
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.206
  • Lot Size Square Feet: 8973
  • Lot Size Dimensions: 50x180
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Subterranean, Tandem
  • Total Parking: 14
  • Covered Parking: 14
  • Parking Features: Subterranean, Tandem Garage
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Refrigerator
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Electric, Oven
  • Laundry: Garage
Exterior Features
Exterior Features
  • Entry Location: Main Level
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-06-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,162.00
  • Unit Actual Rent: $1,162.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,584.00
  • Unit Actual Rent: $1,584.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 10
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,949.00
  • Unit Actual Rent: $1,949.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $253,220.00
  • Assessed Improvement Percent: 45.2
  • Assessed Land Value: $306,940.00
  • Assessed Land Percent: 54.8
  • Assessed Total Value: $560,160.00

Property History for 5111 Harold Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5111 Harold Way

Taxable ValueLand$2,500,000Additions$1,501,920Total$4,001,920
Tax Record2023$49,716 ($4,143 / month)
Home Facts
Total Finished SqFt11,490 SqFtAbove Grade Finished SqFt11,490 SqFtLot Size8,973 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN5544-013-007

Schools near 5111 Harold Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Grant Elementary School
PublicK to 6

Apex Academy
Charter7 to 12

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
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 Equity Union, Nicole Apostolos, DRE #01464936

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.