Los Angeles, Residential Income – 5100 W Maplewood Ave, Los Angeles, CA 90004, USA -001-11-30T00:00:00-08:00
-Price Reduced -Located on the Boundary of Hancock Park and Larchmont Village Submarket -Over 50% of Units Upgraded -Over 50% of Units Upgraded -Balconies on Front Units -Recent Exterior and Common Area Improvements -Secured Remote Intercom Front Access and
5100 W Maplewood Ave, Los Angeles, CA 90004, USA
$8,300,000 USD
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Address5100 Maplewood Avenue, Los Angeles
Price$8,300,000
Price Changed2.35% (-$200,000, 34 days ago)
Close Price$8,000,000
Close DateAugust 22, 2017
Year Built1969
Bedrooms Total0
Living Area21,456
Lot Size (Sq.Ft.)26,450
Listing ID17204076
StatusClosed
Parcel Number5522016026
ZoningLAR3
Special ConditionsStandard
Days on Market216

Detailed Description: -Price Reduced -Located on the Boundary of Hancock Park and Larchmont Village Submarket -Over 50% of Units Upgraded -Over 50% of Units Upgraded -Balconies on Front Units -Recent Exterior and Common Area Improvements -Secured Remote Intercom Front Access and Secure On-Site Parking

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Parking

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Address Information
Address5100 Maplewood Avenue, Los Angeles
Street SuffixAvenue
CityLos Angeles
Location (MLS Area)HPK – Hancock Park
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90004
Financial Information
Close Price$8,000,000
Close DateAugust 22, 2017
Purchase Contract DateMay 8, 2017
Price Changed-2.3529%
Previous Price$8,500,000
Price per Square Foot$386.84
Price per Lot Square Foot$313.80
Price per Unit$230,556
Special ConditionsStandard
Total Expenses$264,529
Professional Management Expense$23,065
Insurance Expense$8,508
Water Sewer Expense$59,262
Trash Expense$3,750
Maintenance Expense$36,228
Other Expense$17,967
Gross Operating Income$576,621
Net Operating Income$312,092
Total Actual Rent$582,349
Vacancy Allowance$29,117
Laundry Income$22,290
Gross Multiplier14.25%
Improvements Amount$2,101,275
Land Value$2,735,819
Tax Year2000
Full Descriptions
Parcel Number5522016026
Detailed Description-Price Reduced -Located on the Boundary of Hancock Park and Larchmont Village Submarket -Over 50% of Units Upgraded -Over 50% of Units Upgraded -Balconies on Front Units -Recent Exterior and Common Area Improvements -Secured Remote Intercom Front Access and Secure On-Site Parking
Laundry FeaturesSee Remarks
Cooling DescriptionSee Remarks
Parking FeaturesAssigned
Property parameters
Year Built1969
Living Area (Sq.Ft.)21,456
Lot Size (Sq.Ft.)26,450
Lot Size (Acres)0.6
Lot Size SourceEstimated
Number of Buildings1
Number of Units Total36
ZoningLAR3
Stories Total3
Parking Spaces36
Garage Spaces22
Carport Spaces14
Units Total36
Vacancy Allowance Rate5%
Number of Separate Electric Meters36
Number of Separate Gas Meters36
Cap Rate (For Cash Payment Only)3.76
Listed withThomas Jonsson (CBC Advisors)