1645 Courtney Avenue Los Angeles, CA ^$ 3,650,000

1645 Courtney Avenue

^$ 3,650,000

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1645 Courtney Avenue

Los Angeles, CA, 90046

^$ 3,650,000

Bedrooms16 Baths12.0 Sq 9,240

Monthly Estimate*

^$ 25,496

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $3,650,000 with 16 bedrooms and 12 full baths. This 9,240 square foot home was built in 1949 on a lot size of 0.2281.

1645 Courtney Avenue and 7706 Hollywood Blvd are being offered for sale for the first time in over 50 Years!The offering consists of 22 Units and 17,580 of rentable living space located in the heart of Hollywood just off of Nichols Canyon. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent West Hollywood. There is an excellent unit mix consisting of Six 2 Bedroom / 1 Bathroom, fourteen 1 Bedroom / 1 Bathroom & Two Studio Units which is very desirable for today's rental market. Furthermore, 12 Units are being delivered Vacant at the close of escrow! This is a unique opportunity for a savvy investor to acquire a value-add property and immediately recognize it's potential. Additionally, the properties sit on a large 20,307 sf lot split between two parcels to prevent against ULA Tax for a potential exit strategy.

Multi-Family Active

Price

^$ 3,650,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2281

Year Built

1949

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24373435

Days on Market

Features

General

Heating None

Cooling WallWindowUnits

Zoning LAR3

Year Built 1949

Stories 2

Levels Two

Gross Income 314952.0

County Los Angeles

Net Operating Income 199430.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions East of Fairfax West of La Brea & North of Sunset

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 12

MLS Area C20 - Hollywood

Lot Size Square Feet 9936.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Courtney

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 8

Standard Status Active

Cap Rate 5.46

Exterior

Parking Features DrivewayDownSlopeFromStreet

Total Parking 8.0

Lot Size Area 9936.0

Number of Buildings 1

Spa N

Building Area Total 9240.0

Lot Size Acres 0.2281

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 12

Internal Only

Street Number 1 1645

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 883-7070

Phone

Affordability Calculator

$25,496

Per Month

Monthly Principal & Interest: $25,496
Monthly Property Taxes: --
Monthly Home Insurance: --

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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.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,006,100

Percent of Sale Price 45%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/27/2024	$3,650,000		Listed Price

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1645 Courtney Avenue, Los Angeles, CA, 90046 is a Multi-Family Home for sale at $3,650,000 with 9,240 sqft and a lot size of 0.2281. 1645 Courtney Avenue has 16 bedrooms, 12.0 baths, and was built in 1949. The property's zip code is 90046 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1645 Courtney Avenue

Multi-Family Home for sale in Los Angeles, CA

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