823 South Detroit Street

Los Angeles, CA 90036

$2,030,000
Last Sold Price
8
Beds
8
Baths
4,706 Sq. Ft.
$431 / Sq. Ft.
4,706
Sq. Ft.
$431
per Sq. Ft.

Description

GREAT CRUB APPEAL 4 unit income property, 4,706 sq ft building is located in the most desired and high demanded location in Miracle Mile. Remarkably and conveniently close to accessible transportation, fantastic dining, retail, and shopping areas. Central to all major freeways, Beverly Hills, Hollywood, and Downtown. The new purple-line subway station currently under construction is a mere 2 blocks away. Seeing is believing! Drive By first and dont miss out on this incredible income unit. This is...GREAT CRUB APPEAL 4 unit income property, 4,706 sq ft building is located in the most desired and high demanded location in Miracle Mile. Remarkably and conveniently close to accessible transportation, fantastic dining, retail, and shopping areas. Central to all major freeways, Beverly Hills, Hollywood, and Downtown. The new purple-line subway station currently under construction is a mere 2 blocks away. Seeing is believing! Drive By first and dont miss out on this incredible income unit. This is a great opportunity you do not want to miss!. One unit is almost 1,800 sq/ft. 3 beds & 2.5 baths
  1. Listed by Litta Lee • DRE #01094655 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 823 South Detroit Street

Zoning
LAR2
Parcel Number
5089021034
Total Units
4.0
Living Area
4706
Source Living Area
Assessor
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
6697

Location

Listing Courtesy of Coldwell Banker Realty, Litta Lee, DRE #01094655

Sold By The Agency, Shoshana Shamoeil, DRE #02045971

Add your commute
LISTING UPDATED: 08/26/2021 03:20 PM

Property Details for 823 South Detroit Street

StatusSold
MLS #21-758570
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.15 AC / 6,697 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Litta Lee, DRE #01094655

Sold By The Agency, Shoshana Shamoeil, DRE #02045971

Add your commute

Building Information for 823 South Detroit Street

Stories-Residences-Year Built1964Building Size-Lot Size0.15 AC / 6,697 SF

Payment Calculator

$13,203 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,079

Property Taxes

$2,124

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 823 South Detroit Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 2 Story
  • Security Features: Carbon Monoxide Detector(s)
  • Direction Faces: East
  • Water: Meter on Property
  • Sewer: In Street
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $120,000
  • Net Operating Income: $100,000.00
  • Gross Income: $120,000
  • Gross Rent Multiplier: $16.50
  • Total Annual Expense: 20000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1537
  • Lot Size Square Feet: 6697
Parking Details
Parking Details
  • Parking Garage: Garage, Attached
  • Total Parking: 8
  • Covered Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Mixed, Tile
  • Equipment: Other
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas
Exterior Features
Exterior Features
  • Patio Features: Patio Open
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-08-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $389,500.00
  • Assessed Improvement Percent: 48.39
  • Assessed Land Value: $415,464.00
  • Assessed Land Percent: 51.61
  • Assessed Total Value: $804,964.00

Property History for 823 South Detroit Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 823 South Detroit Street

Taxable ValueLand$1,463,190Additions$607,410Total$2,070,600
Tax Record2023$25,491 ($2,124 / month)
Home Facts
Total Finished SqFt4,706 SqFtAbove Grade Finished SqFt4,706 SqFtLot Size6,697 SqFtStyleQuadraplexYear Built1964ZoningLAR2CountyLOS ANGELESAPN5089-021-034

Schools near 823 South Detroit Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

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 Coldwell Banker Realty, Litta Lee, DRE #01094655

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.