846 Alandele Avenue

Los Angeles, CA 90036

$1,800,000
Last Sold Price
8
Beds
4
Baths
4,384 Sq. Ft.
$411 / Sq. Ft.
4,384
Sq. Ft.
$411
per Sq. Ft.

Description

846 Alandele Avenue is a one-of-a-kind fourplex located in the Miracle Mile (90036). The offering provides investors and/or owner-occupiers a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable rental markets. The asset has been thoughtfully updated and maintained by the same owners since 1962. 846 Alandele Avenue was built in 1950 and consists of 4,384 SF of improvements. The unit composition features Four (4) 2 Bedroom...846 Alandele Avenue is a one-of-a-kind fourplex located in the Miracle Mile (90036). The offering provides investors and/or owner-occupiers a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable rental markets. The asset has been thoughtfully updated and maintained by the same owners since 1962. 846 Alandele Avenue was built in 1950 and consists of 4,384 SF of improvements. The unit composition features Four (4) 2 Bedroom / 1 Bathroom apartment homes. The apartment units are large in size and average of 1,096 (+/-) square feet. The property is sited on a +/- 6,129 square foot parcel, zoned R3. Parking is provided for 4 vehicles and each of the garage spaces will be delivered vacant. Gas and electrical utilities are separately metered and paid by residents. Common area laundry facilities are provided for resident benefit. One unit will be delivered vacant at OR shortly following the close of escrow.
  1. Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01208019 • KW Commercial Studio City
  2. Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01208019 • KW Commercial Studio City

Property Details for 846 Alandele Avenue

Zoning
LAR3
Parcel Number
5089013009
Total Units
4.0
Living Area
4384
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
25%
Lot Size Area
6129

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By KW Commercial Studio City, Rich Johns, DRE #01432215; KW Commercial Studio City, Nick Astrupgaard, DRE #01893466

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LISTING UPDATED: 07/06/2020 10:11 AM

Property Details for 846 Alandele Avenue

StatusSold
MLS #20-558760
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.14 AC / 6,129 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

Sold By KW Commercial Studio City, Rich Johns, DRE #01432215; KW Commercial Studio City, Nick Astrupgaard, DRE #01893466

Add your commute

Building Information for 846 Alandele Avenue

Stories-Residences-Year Built1950Building Size-Lot Size0.14 AC / 6,129 SF

Payment Calculator

$11,750 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,927

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 846 Alandele Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Appraiser
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
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: $105,477
  • Net Operating Income: $72,303.00
  • Gross Income: $107,629
  • Cap Rate: 3.70%
  • Gross Rent Multiplier: $18.12
  • Total Annual Expense: 33174
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6129
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-27-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,852.00
  • Unit Actual Rent: $1,852.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,950.00
  • Unit Actual Rent: $2,950.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,567.00
  • Unit Actual Rent: $1,567.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $76,029.00
  • Assessed Land Value: $60,605.00

Property History for 846 Alandele 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 846 Alandele Avenue

Taxable ValueLand$1,248,480Additions$624,240Total$1,872,720
Tax Record2023$23,119 ($1,927 / month)
Home Facts
Total Finished SqFt4,384 SqFtAbove Grade Finished SqFt4,384 SqFtLot Size6,129 SqFtStyleQuadraplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN5089-013-009

Schools near 846 Alandele Avenue

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

Emerson Community Charter School
Charter6 to 8

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 KW Commercial Studio City, Nick Astrupgaard, DRE #01893466; KW Commercial Studio City, Rich Johns, DRE #01432215

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.