639 N Juanita Avenue
Los Angeles, CA, 90004 $ 3,800,000
Bedrooms18 Baths18.0 Sq 8,340 Monthly Estimate*
$ 26,544
Listed by Marcus & Millichap
for $3,800,000 with 18 bedrooms and 18 full baths. This 8,340 square foot home was built in 1990 on a lot size of 0.1732.
***Excellent Assumable Debt - $1,925,000 loan, fixed 3.2% interest-only until April 2027***We pleased to present 639 N. Juanita Avenue, a 9-unit value-add apartment building located in East Hollywood (Silver Lake adjacent). The building was constructed in 1990 so it is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of all two bedroom/two bath units. Select units have been remodeled and feature vinyl wood flooring, recessed lighting, new windows, new sliding glass patio doors, mini split heat/air-condition units, remodeled bathrooms and kitchens with new shaker cabinets, stone countertops and stainless-steel appliances (gas range oven, refrigerator, dishwasher, microwave). The property features gated entry, secured covered parking and a laundry facility and sits on a 7,543 square foot lot that is LAR3 zoned.This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an excellent rental submarket that is not subject to City of Los Angeles Rent Control. Existing ownership has been successful in achieving top of the market rents for renovated units. New ownership has an opportunity to realize remaining potential rental upside by continuing the current renovation program to unit interiors as existing tenants move out. 639 N. Juanita Avenue is located in trendy East Hollywood, which has become one of the most sought-after rental submarkets in Los Angeles. The property boasts a Walk Score of 91 as it is just two blocks from chic retail, restaurants, bars, cafes and coffee shops along Virgil Avenue in popular Silver Lake. The property is also just a short drive to Koreatown, Hollywood, West Hollywood, Echo Park and Downtown Los Angeles. The property is conveniently located close to the 101 freeway and just 0.5 miles from the Vermont/Beverly Metro D Line Station offering a viable public transportation option for commuters headed to Downtown Los Angeles or North Hollywood.
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FeaturesGeneralHeating WallFurnace
Appliances Disposal Refrigerator
Zoning LAR3
Year Built 1990
Levels MultiSplit
Gross Income 269956.0
County Los Angeles
Net Operating Income 163418.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions Located on N Juanita Ave (1 block east of Vermont Ave and Melrose Ave) in between Melrose Ave and Clinton Ave.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 9
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 7545.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Juanita
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 75
Standard Status Pending
Cap Rate 4.3
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ExteriorParking Features Covered
Total Parking 12.0
Lot Size Area 7545.0
Number of Buildings 1
Spa N
Building Area Total 8340.0
Lot Dimensions 50x150
Lot Size Acres 0.1732
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 18
Electric On Property Y/N N
Total Baths 18
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $26,544
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,000,821
Percent of Sale Price 47%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/7/2024 | $3,800,000 | | Listed Price |