639 North Juanita Avenue
639 North Juanita Avenue
$3,800,000
18
18
8,340
8,340
$456
Pending
Description
Excellent Assumable Debt - $1,925,000 loan, fixed 3.2% interest-only until April 2027 We pleased to present 639 N. Juanita Avenue, a 9-unit value-add apartment building located in East Hollywood (Silver Lake adjacent). The building was constructed in 1990 so it is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of all two bedroom/two bath units. Select units have been remodeled and feature vinyl wood flooring, recessed lighting, new windows,...Excellent Assumable Debt - $1,925,000 loan, fixed 3.2% interest-only until April 2027 We pleased to present 639 N. Juanita Avenue, a 9-unit value-add apartment building located in East Hollywood (Silver Lake adjacent). The building was constructed in 1990 so it is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of all two bedroom/two bath units. Select units have been remodeled and feature vinyl wood flooring, recessed lighting, new windows, new sliding glass patio doors, mini split heat/air-condition units, remodeled bathrooms and kitchens with new shaker cabinets, stone countertops and stainless-steel appliances (gas range oven, refrigerator, dishwasher, microwave). The property features gated entry, secured covered parking and a laundry facility and sits on a 7,543 square foot lot that is LAR3 zoned. This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an excellent rental submarket that is not subject to City of Los Angeles Rent Control. Existing ownership has been successful in achieving top of the market rents for renovated units. New ownership has an opportunity to realize remaining potential rental upside by continuing the current renovation program to unit interiors as existing tenants move out. 639 N. Juanita Avenue is located in trendy East Hollywood, which has become one of the most sought-after rental submarkets in Los Angeles. The property boasts a Walk Score of 91 as it is just two blocks from chic retail, restaurants, bars, cafes and coffee shops along Virgil Avenue in popular Silver Lake. The property is also just a short drive to Koreatown, Hollywood, West Hollywood, Echo Park and Downtown Los Angeles. The property is conveniently located close to the 101 freeway and just 0.5 miles from the Vermont/Beverly Metro D Line Station offering a viable public transportation option for commuters headed to Downtown Los Angeles or North Hollywood.
- Listed by Matthew Ziegler • DRE #01280909 • Brokerage DRE #01240999 • Marcus & Millichap
- Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 639 North Juanita Avenue
Zoning
LAR3
Parcel Number5539022030
Total Units9.0
Living Area8340
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy Rate3%
Lot Size Area7545
Location
LISTING UPDATED: 04/23/2024 11:13 AM
Property Details for 639 North Juanita Avenue
Status | Pending |
---|---|
MLS # | 24-355985 |
Days on Market | 75 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1990 |
Lot Size | 0.17 AC / 7,545 SF |
County | Los Angeles County |
Location
Building Information for 639 North Juanita Avenue
Stories2Residences-Year Built1990Building Size-Lot Size0.17 AC / 7,545 SF
Payment Calculator
$23,782 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 639 North Juanita Avenue
Property History for 639 North Juanita Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 639 North Juanita Avenue
Taxable ValueLand$2,040,000Additions$892,500Total$2,932,500
Tax Record2023$36,524 ($3,044 / month)
Home Facts
Total Finished SqFt8,340 SqFtAbove Grade Finished SqFt8,340 SqFtLot Size7,543 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningLAR3CountyLOS ANGELESAPN5539-022-030
Schools near 639 North Juanita 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 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dayton Heights Elementary School PublicK to 5 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Camino Nuevo High No. 2 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.
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