5449 Virginia Avenue

Los Angeles, CA 90029

$1,850,000
Price
10
Beds
10
Baths
4,877 Sq. Ft.
$379 / Sq. Ft.
4,877
Sq. Ft.
$379
per Sq. Ft.

Description

Amazing R4 TOC Development opportunity! Not Subject to RSO or LA Rent Control - Special Certificate! This property can either be remodeled or redeveloped with up to 40 units. All units will receive an 8.8% increase on June 1st, 2024. 5449 Virginia is a 10 unit multifamily apartment building built in 1923 with 3,726 square feet of living space in two buildings on a 7,500 square foot lot with 8 parking spaces. Sold AS ISAmazing R4 TOC Development opportunity! Not Subject to RSO or LA Rent Control - Special Certificate! This property can either be remodeled or redeveloped with up to 40 units. All units will receive an 8.8% increase on June 1st, 2024. 5449 Virginia is a 10 unit multifamily apartment building built in 1923 with 3,726 square feet of living space in two buildings on a 7,500 square foot lot with 8 parking spaces. Sold AS IS
  1. Listed by Matthew Conrad • DRE #01871871 • Brokerage DRE #01871871 • Matthew Conrad

Property Details for 5449 Virginia Avenue

Water Front
None
Zoning
LAR4
Cross Streets
N. Western Avenue
Parcel Number
5536009008
Total Units
10.0
Living Area
4877
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)

Location

Listing Courtesy of Matthew Conrad, Matthew Conrad, DRE #01871871
Add your commute
LISTING UPDATED: 04/25/2024 05:13 PM

Property Details for 5449 Virginia Avenue

StatusActive
MLS #23-326201
Days on Market188
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthew Conrad, Matthew Conrad, DRE #01871871
Add your commute

Building Information for 5449 Virginia Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$10,849 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$753

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5449 Virginia Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 10
  • Pets Allowed: No
  • Amenities: None
  • Senior Community: No
  • Builders Tract Name: North Park TRACT LOT 26
  • Management Company Name: Conrad Property Management Inc.
  • Management Company Phone: 3102950161|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 0x1, 1x1
  • Entry Floor Number: 1
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Repair Cosmetic
  • Water: District, Meter on Property
  • Sewer: In Street
  • Water Heaters: No
  • Water Heater Features: Central Water Heater, Hot Water Circulator
  • Water District: LADWP
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $13,978,212
  • Net Operating Income: $64,405.00
  • Gross Income: $0
  • Cap Rate: 3.48%
  • Gross Rent Multiplier: $13.42
  • Actual Annual Gross Rent: $139,782.12
  • Actual Gross Annual Income: $139,782
  • Gross Equity: $500,000
  • Actual Rent Total: $11,648.51
  • Financial Info as Of: 10/28/2023
  • Vacancy Allow Dollar: $.00
  • Owner Pays: Water, Gardener, Gas
  • Total Annual Expense: 68775
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
  • Lot Description: Alley Paved, Fenced
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Covered Parking: 0
  • Open Other Spaces Total: 8
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Assigned
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Two, One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Air Conditioning, Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Linoleum, Mixed, Carpet
  • Equipment: Range/Oven
  • Interior Features: Common Walls
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Range Hood
  • Laundry: None
  • TV Services: Cable TV, TV Satellite Dish
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Flat, Shingle
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • Windows: Mini Blinds
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2023
  • Listing Terms: All Inclusive Trust Deed
  • Rent Control: No
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $7,007.80
  • Unit Projected Rent: $1,995.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,086.00
  • Unit Actual Rent: $4,484.50
  • Unit Projected Rent: $1,595.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 6
  • Number of Dishwasher: 0
  • Number of Disposal: 10
  • Number of Electric Meters: 10
  • Number of Gas Meters: 10
  • Number Leased: 10
  • Number Range: 10
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $243,605.00
  • Assessed Improvement Percent: 36.84
  • Assessed Land Value: $417,619.00
  • Assessed Land Percent: 63.16
  • Assessed Total Value: $661,224.00

Property History for 5449 Virginia 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 5449 Virginia Avenue

Taxable ValueLand$417,619Additions$243,925Total$661,544
Tax Record2023$9,032 ($753 / month)
Home Facts
Total Finished SqFt4,877 SqFtAbove Grade Finished SqFt4,877 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR4CountyLOS ANGELESAPN5536-009-008

Schools near 5449 Virginia Avenue

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 - 9 to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein 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.

Similar Homes

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5449 Virginia Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on October 28, 2023 by Matthew Conrad, it's currently listed at $1,850,000. It has been on the market for a total of 188 days and was last sold on October 28, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Kingsley Elementary School, Joseph Le Conte Middle School and STEM Academy at Bernstein High. 5449 Virginia Avenue is a 10-bed, 10-bath, 4,877 sqft multi-family home built in 1923.

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 Matthew Conrad, Matthew Conrad, DRE #01871871

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.