6842 Sunset Boulevard

Los Angeles, CA 90028

$1,540,000
Last Sold Price
8
Beds
3
Baths
2,508 Sq. Ft.
$614 / Sq. Ft.
2,508
Sq. Ft.
$614
per Sq. Ft.

Description

Welcome to 6842 W Sunset Blvd, a prime repositioning opportunity situated on one of the most iconic and high-traffic streets in Los Angeles. Located in the heart of Hollywood, a vibrant and sought-after neighborhood, this property offers a rare opportunity for business owners or developers to be a part of the continued transformation of this area and establish themselves in a highly desirable location with excellent visibility and access. Originally built as a duplex with two large 3+ bedroom units,...Welcome to 6842 W Sunset Blvd, a prime repositioning opportunity situated on one of the most iconic and high-traffic streets in Los Angeles. Located in the heart of Hollywood, a vibrant and sought-after neighborhood, this property offers a rare opportunity for business owners or developers to be a part of the continued transformation of this area and establish themselves in a highly desirable location with excellent visibility and access. Originally built as a duplex with two large 3+ bedroom units, the building was most recently used as medical office space for the seller's podiatry practice. While currently in need of some significant rehab, this property could be perfect for a variety of commercial uses such as retail, restaurant, or office space. This property benefits from a very dense immediate population and strong underlying demographics. A population of over170,000 people within a 2-mile radius and an average household income near $100,000. Located within the Tier 3 Transit Oriented Community (TOC),Opportunity Zone and State Enterprise Zone, this property offers a wide array of both building and business incentives including density bonuses, tax breaks and relaxed parking requirements. The surrounding area is undergoing a continued redevelopment boom (see the development pipeline map) that will only serve to benefit this property and area. This opportunity is perfect for any creative investor, operator, or developer. It is offered to the market as a Probate Sale with no court confirmation required.
  1. Listed by Tim Steuernol • DRE #01742766 • Brokerage DRE #00389515 • NAI Capital Commercial Inc.

Property Details for 6842 Sunset Boulevard

Zoning
LAC4
Parcel Number
5548015002
Total Units
2.0
Living Area
2508
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
100
Lot Size Area
5000

Location

Listing Courtesy of NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

Sold By NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

Add your commute
LISTING UPDATED: 10/31/2023 05:02 PM

Property Details for 6842 Sunset Boulevard

StatusSold
MLS #23-259223
Days on Market139
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.11 AC / 5,000 SF
CountyLos Angeles County

Location

Listing Courtesy of NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

Sold By NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

Add your commute

Building Information for 6842 Sunset Boulevard

Stories2Residences-Year Built1921Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$9,064 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,404

Property Taxes

$660

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6842 Sunset Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Vacant
  • Security Features: Gated
  • Direction Faces: North
  • Property Condition: Fixer, Tear Down, Value Mainly In Land
  • Water: District
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: Yes
  • Disclosures: Probate
  • Listing Type: Probate
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $93,120
  • Net Operating Income: $59,631.00
  • Gross Income: $96,000
  • Gross Rent Multiplier: $22.87
  • Total Annual Expense: 35817
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5000
  • Lot Description: Curbs
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 04-11-2023
  • Listing Terms: Probate
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $91,974.00
  • Assessed Improvement Percent: 15.15
  • Assessed Land Value: $515,126.00
  • Assessed Land Percent: 84.85
  • Assessed Total Value: $607,100.00

Property History for 6842 Sunset Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6842 Sunset Boulevard

Taxable ValueLand$525,428Additions$93,813Total$619,241
Tax Record2023$7,921 ($660 / month)
Home Facts
Total Finished SqFt2,508 SqFtAbove Grade Finished SqFt2,508 SqFtLot Size5,000 SqFtStyleDuplexYear Built1921ZoningLAC4CountyLOS ANGELESAPN5548-015-002

Schools near 6842 Sunset Boulevard

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 - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK 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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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 NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

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.