1129 Lodi Place
Los Angeles, CA, 90038 $ 3,100,000
Bedrooms10 Baths12.0 Sq 5,212 Monthly Estimate*
$ 21,654
Listed by Global Platinum Properties, Inc.
for $3,100,000 with 10 bedrooms and 12 full baths. This 5,212 square foot home was built in 1953 on a lot size of 0.1553.
Huge 700k Price Reduction! 8-unit building with 7 fully renovated units in Prime Hollywood cash flowing at an incredible Current Cap Rate of 6.1% and 11.9 GRM from day 1! The 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements (4 vacant). The unit mix provides unparalleled versatility, including 2 spacious (2bed/3bath) units ideal for families, as well as 6 modern (1bed/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. Furthermore, there's an additional upside to 6.9% Cap Rate and 10.7 GRM on proforma. The property is located in the heart of the Hollywood entertainment industry just minutes away from Netflix studios, Paramount Studios, and Netflix Corporate office. Located just steps away from the world-famous Sunset Blvd, the property offers close proximity to neighborhood attractions, restaurants, bars, and shops such as the Hollywood Walk of Fame, Highlight Room, TAO, Bar-Lis, Dream Hotel, Thompson Hotel, and many more popping up all around the area.
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FeaturesGeneralHeating Electric Zoned
Appliances Refrigerator
Zoning LARD1.5
Year Built 1953
Stories 2
Levels Two
Gross Income 259979.0
County Los Angeles
Net Operating Income 189029.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions From Santa Monice Turn North ontop Lodi Place the property is mid Block on the left (West) side.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 8
MLS Area C20 - Hollywood
Lot Size Square Feet 6766.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Lodi
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 35
Standard Status Active
Cap Rate 6.1
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ExteriorParking Features Assigned Carport Garage Tandem
Total Parking 8.0
Lot Size Area 6766.0
Number of Buildings 2
Spa N
Building Area Total 5212.0
Lot Size Acres 0.1553
Lot Size Units SquareFeet
Lot Size Source Owner
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 Place
Laundry Features Inside
Total Bedrooms 10
Electric On Property Y/N N
Total Baths 12
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* Excluded FeaturesList ByGlobal Platinum Properties, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $21,654
- 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 $2,006,100
Percent of Sale Price 35%
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 |
---|
4/10/2024 | $3,100,000 | -1.59% | Price Down |
3/7/2024 | $3,150,000 | | Listed Price |