6319 Primrose Avenue

Los Angeles, CA 90068

$1,900,000
Last Sold Price
8
Beds
6
Baths
6,156 Sq. Ft.
$309 / Sq. Ft.
6,156
Sq. Ft.
$309
per Sq. Ft.

Description

We are pleased to present the opportunity to purchase a charming 6-unit asset in the Hollywood Hills. 6319-6323 Primrose is perched above Franklin Avenue in the historic Hollywood Dell neighborhood. The property was built in 1941 in the French Normandy architectural style, featuring traditional dormer vents, bay windows, and extruded mortar brick accents. Surrounded by manicured landscaping and a quiet courtyard area, 6319-6323 Primrose offers tenants a true sanctuary in the city. The property comprises...We are pleased to present the opportunity to purchase a charming 6-unit asset in the Hollywood Hills. 6319-6323 Primrose is perched above Franklin Avenue in the historic Hollywood Dell neighborhood. The property was built in 1941 in the French Normandy architectural style, featuring traditional dormer vents, bay windows, and extruded mortar brick accents. Surrounded by manicured landscaping and a quiet courtyard area, 6319-6323 Primrose offers tenants a true sanctuary in the city. The property comprises 6 units including (2) 2-bedroom, 1-bathroom units and (4) 1-bedroom, 1-bathroom units. Average unit size is just over 1,000 square feet, and all units have formal dining rooms as well as separate front and rear entrances. Select units feature fireplaces. There are onsite laundry facilities and garage parking for all six units. The property is not subject to the city's soft story retrofit program. 6319-6323 Primrose offers the savvy investor a quality asset in a fantastic location with huge renter appeal and significant income upside potential.
  1. Listed by Robert Renshaw • DRE #01332831 • Brokerage DRE #01164364 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 6319 Primrose Avenue

Zoning
LARD2
Parcel Number
5576016023
Total Units
6.0
Living Area
6156
Source Living Area
Vendor Enhanced
Area
Hollywood Hills East (C30)
Vacancy Rate
17%
Lot Size Area
10456

Location

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

Sold By REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831

Add your commute
LISTING UPDATED: 09/15/2023 11:13 AM

Property Details for 6319 Primrose Avenue

StatusSold
MLS #23-270329
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.24 AC / 10,456 SF
CountyLos Angeles County

Location

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

Sold By REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831

Add your commute

Building Information for 6319 Primrose Avenue

Stories-Residences-Year Built1941Building Size-Lot Size0.24 AC / 10,456 SF

Payment Calculator

$12,270 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$1,901

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6319 Primrose Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Residential
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: $139,852
  • Net Operating Income: $87,967.00
  • Gross Income: $144,177
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: $13.84
  • Actual Annual Gross Rent: $144,177.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 52685
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.24
  • Lot Size Square Feet: 10456
Parking Details
Parking Details
  • Parking Garage: Detached, Assigned, Garage
  • Total Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Assigned, Garage
  • Attached Garage: No
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-16-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,865.00
  • Unit Actual Rent: $3,729.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,904.00
  • Unit Actual Rent: $7,614.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $696,160.00
  • Assessed Improvement Percent: 39.85
  • Assessed Land Value: $1,050,811.00
  • Assessed Land Percent: 60.15
  • Assessed Total Value: $1,746,971.00

Property History for 6319 Primrose 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 6319 Primrose Avenue

Taxable ValueLand$1,071,827Additions$710,763Total$1,782,590
Tax Record2023$22,817 ($1,901 / month)
Home Facts
Total Finished SqFt6,156 SqFtAbove Grade Finished SqFt6,156 SqFtLot Size10,456 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLARD2CountyLOS ANGELESAPN5576-016-023

Schools near 6319 Primrose 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 5
Rating
School
Distance
Cheremoya Avenue Elementary School
PublicK to 6

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Selma Avenue Elementary School
PublicK to 5

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 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.