9337 National Boulevard

Los Angeles, CA 90034

$3,952,000
Last Sold Price
8
Beds
12
Baths
6,344 Sq. Ft.
$623 / Sq. Ft.
6,344
Sq. Ft.
$623
per Sq. Ft.

Description

Partially Renovated Multifamily Investment Opportunity 9 Unit multifamily community centrally located in West LA Eight out of nine units have been fully renovated, including in unit washers and dryers and new plumbing and electrical Modern units feature spacious living rooms, hardwood floors, recessed lighting, large closets with built-in shelving, stainless steel appliances, and in-unit washer and dryers Opportunity to achieve over 9.5% rental upside by completing upgrades Residents benefit from...Partially Renovated Multifamily Investment Opportunity 9 Unit multifamily community centrally located in West LA Eight out of nine units have been fully renovated, including in unit washers and dryers and new plumbing and electrical Modern units feature spacious living rooms, hardwood floors, recessed lighting, large closets with built-in shelving, stainless steel appliances, and in-unit washer and dryers Opportunity to achieve over 9.5% rental upside by completing upgrades Residents benefit from onsite, gated parking and secure entrances Strong Multifamily Fundamentals Submarket asking rents expected to rise 27% over the next two years Employment population of 662,066 within a five-mile radius Submarket occupancy averaged 96.92% over the past five years The average household income within a three-mile radius is $124,510 Los Angeles's job market will increase by 34.6% over next ten years Within a three-mile radius of the property, the population is projected to grow 2.2% from 311,671 to 318,648 over the next five years. Location Overview 9337 National is situated on the border of Palms and Cheviot Hills at the heart of West Los Angeles. The picturesque neighborhood offers residents easy access to surrounding urban areas, including Culver City, Beverly Hills, and Century City. Just over half a mile from Downtown Culver City, home to numerous shopping, dining, and nightlife amenities Recent Culver City developments including Culver Steps, Platform, and One Culver are a 15 minute walk away Convenient access to major employers including Sony Pictures, Apple, Google, and Fox Studios Conveniently proximate to public transit via the Palms metro Stop located 0.6 miles from the property Palms, a tiny but proud neighborhood in West Los Angeles, is a haven of residential tranquility located just beyond the lively streets of downtown Culver City. Geographically recognized as a halfway point between downtown Los Angeles and the ocean, the almost suburban feel of the densely populated bedroom community has long lured families and artistic Angelinos alike to its charming vicinity. Abutting Palms, Culver City is a community steeped in moviemaking history with an animated restaurant and nightlife scene, as well as a vibrant arts community. The central and highly walkable area boasts unparalleled access to amenities, including Overland Avenue's "restaurant row" and PLATFORM, a hip new shopping center in Culver City. Iconic Culver City locales such as the Culver Hotel and the Helms Bakery District, known for its unique collection of design and home furnishing stores, also add to the area's allure. Nicknamed the "Heart of Screenland," the city is a significant center for film and television production, as well as a growing number of technology companies. Best known as the former home of MGM Studios, Culver City is now home to headquarters for media powerhouses including Sony Pictures Entertainment, NFL Network, Beats by Dre and National Public Radio West. As the area continues to grow in popularity, housing in the greater Culver City area has become a hot commodity.
  1. Listed by Anna Kampling • DRE #01980581 • Brokerage DRE #01895979 • Colliers International Greater Los Angel

Property Details for 9337 National Boulevard

Zoning
LAR3
Parcel Number
4311023011
Total Units
9.0
Living Area
6344
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
3.0%
Lot Size Area
6850

Location

Listing Courtesy of Colliers International Greater Los Angel, Anna Kampling, DRE #01980581

Sold By KW Advisors, Chien Chou Chen, DRE #02153634

Add your commute
LISTING UPDATED: 05/31/2023 09:34 AM

Property Details for 9337 National Boulevard

StatusSold
MLS #22-206401
Days on Market139
Taxes$49,534 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.16 AC / 6,850 SF
CountyLos Angeles County

Location

Listing Courtesy of Colliers International Greater Los Angel, Anna Kampling, DRE #01980581

Sold By KW Advisors, Chien Chou Chen, DRE #02153634

Add your commute

Building Information for 9337 National Boulevard

Stories2Residences-Year Built1964Building Size-Lot Size0.16 AC / 6,850 SF

Payment Calculator

$25,696 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,568

Property Taxes

$4,128

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9337 National Boulevard

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1, 2+2,3+3
  • Entry Floor Number: 1
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $269,128
  • Net Operating Income: $180,088.00
  • Gross Income: $323,736
  • Gross Scheduled Income: $314,394
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: $14.96
  • Actual Annual Gross Rent: $277,452.00
  • Actual Gross Annual Income: $277,452
  • Actual Rent Total: $277,452.00
  • Financial Info as Of: 10/01/2022
  • Total Annual Expense: 89041
  • Expense Maintenance Percent: $2.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1573
  • Lot Size Square Feet: 6850
  • Lot Size Dimensions: 50x137
  • Source Lot Size Dimensions: Other
  • Lot Description: Lot-Level/Flat
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Mid Level
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall, Wall Electric
  • Flooring: Wood, Hardwood, Tile
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Washer, Range/Oven, Refrigerator
  • Kitchen Features: Ceramic Counters
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Microwave, Oven, Gas, Cooktop - Gas
  • Laundry: In Unit
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-06-2022
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,447.00
  • Unit Actual Rent: $2,447.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,318.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $2,318.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,950.00
  • Unit Actual Rent: $3,950.00
  • Unit Projected Rent: $4,050.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Tax Rate: 17.90%
  • Assessed Improvement Value: $833,547.00
  • Assessed Improvement Percent: 32.67
  • Assessed Land Value: $1,717,612.00
  • Assessed Land Percent: 67.33
  • Assessed Total Value: $2,551,159.00

Property History for 9337 National 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 9337 National Boulevard

Taxable ValueLand$1,787,003Additions$872,021Total$2,659,024
Tax Record2023$33,151 ($2,763 / month)
Home Facts
Total Finished SqFt6,344 SqFtAbove Grade Finished SqFt6,344 SqFtLot Size6,850 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN4311-023-011

Schools near 9337 National 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
Public - 9 to 12
Rating
School
Distance
Castle Heights Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Colliers International Greater Los Angel, Anna Kampling, DRE #01980581

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.