6908 Knowlton Place

Los Angeles, CA 90045

$10,350,000
Last Sold Price
48
Beds
54
Baths
22,785 Sq. Ft.
$454 / Sq. Ft.
22,785
Sq. Ft.
$454
per Sq. Ft.

Description

With construction just completed, this brand new and delicately designed 18-Unit Apartment Building is beginning to fill up with tenants. Very well located and appointed, this building comes with NO RENT CONTROL, an average apartment square footage of 1,267 SF, two parking spaces per home, long and short term bicycle parking, community rooms, roof-top common areas with seating and grills, and much more. Just over a mile from the under-construction Crenshaw Metro Light Rail stop and near LAX, this...With construction just completed, this brand new and delicately designed 18-Unit Apartment Building is beginning to fill up with tenants. Very well located and appointed, this building comes with NO RENT CONTROL, an average apartment square footage of 1,267 SF, two parking spaces per home, long and short term bicycle parking, community rooms, roof-top common areas with seating and grills, and much more. Just over a mile from the under-construction Crenshaw Metro Light Rail stop and near LAX, this location is perfect for local and world commuters.Surrounded by shopping, dining and entertainment, and a short ride to the under-construction City of Champions (the new home of the LA Rams), this location is highly sough-after and commands commensurate rents. At time of Listing 7 of 18 units have been rented. On-site Manager's Unit is rented at $2,000. Gross Income is Pro-Forma.

Listing Agent

  1. Lee Mintz

    Lee Mintz

    Alternative Listing Agent

    Compass

    DRE #01355531

    lee.mintz@compass.com

    P: 310.902.8301

Property Details for 6908 Knowlton Place

Zoning
R3
Parcel Number
4103013104
Total Units
18.0
Living Area
22785
Source Living Area
Developer
Area
Westchester (C29)
Vacancy Rate
66.6
Lot Size Area
13802

Location

Listing Courtesy of Compass, Lee Mintz, DRE #01355531; Compass, Dario Svidler, DRE #01884474

Sold By Keller Williams Hollywood Hills, Edmond Bina, DRE #01925370

Add your commute
LISTING UPDATED: 04/16/2024 11:51 AM

Property Details for 6908 Knowlton Place

StatusSold
MLS #19-456318
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.32 AC / 13,802 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Lee Mintz, DRE #01355531; Compass, Dario Svidler, DRE #01884474

Sold By Keller Williams Hollywood Hills, Edmond Bina, DRE #01925370

Add your commute

Building Information for 6908 Knowlton Place

Stories4Residences-Year Built2018Building Size-Lot Size0.32 AC / 13,802 SF

Payment Calculator

$56,484 per month

30 year fixed, 7.25% Interest

Principal and Interest

$56,484

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6908 Knowlton Place

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Flat
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $715,200
  • Net Operating Income: $478,543.00
  • Gross Income: $715,200
  • Cap Rate: 4.35%
  • Gross Rent Multiplier: $15.38
  • Total Annual Expense: 215201
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 13802
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated Underground
  • Total Parking: 39
  • Parking Features: Covered
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Elevator, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-17-2019
  • Rent Control: 0
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,535.00
  • Unit Actual Rent: $42,420.00
  • Unit Projected Rent: $42,420.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,863.00
  • Unit Actual Rent: $17,178.00
  • Unit Projected Rent: $17,178.00
  • Like Units: 6
Unit 3 Information
  • Unit Furnished: No
Unit 4 Information
  • Unit Furnished: No
Unit 5 Information
  • Unit Furnished: No
Unit 6 Information
  • Unit Furnished: No
Unit 7 Information
  • Unit Furnished: No
Unit 8 Information
  • Unit Furnished: No
Unit 9 Information
  • Unit Furnished: No
Unit 10 Information
  • Unit Furnished: No
Unit 11 Information
  • Unit Furnished: No
Unit 12 Information
  • Unit Furnished: No
Unit 13 Information
  • Unit Furnished: No
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Land Value: $1,863,999.00

Schools near 6908 Knowlton Place

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 5
Rating
School
Distance
Westport Heights Elementary School
PublicK to 5

Westchester Enriched Sciences Magnets
Public9 to 12

Open Charter Magnet School
CharterK 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 Compass, Lee Mintz, DRE #01355531; Compass, Dario Svidler, DRE #01884474

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.