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1125 Lodi Pl, Los Angeles, CA 90038
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1125 Lodi Pl Los Angeles, CA 90038

$3,100,000
  • 10 Beds
  • 12 Baths
  • 5,212 Sq.Ft.
For Sale
$3,100,000 Get Pre-Qualified
Map preview of 1125 Lodi Pl, Los Angeles, CA 90038

Property Overview: 1125 Lodi Pl Los Angeles, CA has 10 bedrooms, 12 bathrooms, 5,212 living square feet and 6,766 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Co-listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Last checked: 8 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 53
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Home details

Lot Sq. Ft
6,766
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24365933
City
Los Angeles
County
Los Angeles
Time on Site
59 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $1,480
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,750
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,750
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: 11.9
  • Gross Scheduled Income: --
  • Net Operating Income: $189,029
  • Gross Operating Income: $252,180
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1125 Lodi Pl

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Property Details for 1125 Lodi Pl

Interior Features
Heating Information
  • Has Heating
  • Zoned, Electric
Laundry Information
  • Has Laundry
  • Inside
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Carport, Tandem Garage
Lot Information
  • Lot Size Source: Owner
Property Information
  • Total # of Units: 8
  • Parcel Number: 5534007017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Santa Monice Turn North ontop Lodi Place, the property is mid Block on the left (West) side.
View more facts & features

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Sale History for 1125 Lodi Pl

Last sold for $1,374,500 on December 9th, 2020

  • March, 2024

  • Mar 6, 2024

    Date

    Active

    CRMLS: 24365933

    $3,150,000

    Price

  • March, 2024

  • Mar 1, 2024

    Date

    Canceled

    CRMLS: 24346583

    $3,150,000

    Price

  • Jan 11, 2024

    Date

    Active

    CRMLS: 24346583

    $3,300,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 650k Price Reduction! 8-unit building with 7 fully renovated units in Prime Hollywood cash flowing at an incredible Current Cap Rate of 6% and 12.2 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 (5 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 almost 7% Cap Rate and 10.8 GRM on proforma. The property is located in the heart of the Hollywood Opportunity Zone, 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.

  • January, 2024

  • Jan 4, 2024

    Date

    Canceled

    CRMLS: 23327205

    $3,300,000

    Price

  • Oct 31, 2023

    Date

    Active

    CRMLS: 23327205

    $3,495,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 500k Price Reduction! 8-unit building with 7 fully renovated vacancies in Prime Hollywood cash flowing at an incredible Current Cap Rate of 5.76% and 12.6 GRM from day 1! The vacancies 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. 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. Additionally, the major systems have been updated including electrical, plumbing, HVAC, etc. 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.

  • October, 2023

  • Oct 30, 2023

    Date

    Canceled

    CRMLS: 23313171

    $3,495,000

    Price

  • Sep 19, 2023

    Date

    Active

    CRMLS: 23313171

    $3,795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 300k Price Reduction! 8-unit building with 7 fully renovated vacancies in Prime Hollywood cash flowing at an incredible Current Cap Rate of 5.5% and 13 GRM from day 1! The vacancies 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. 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. Additionally, the major systems have been updated including electrical, plumbing, HVAC, etc. 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.

  • December, 2020

  • Dec 10, 2020

    Date

    Sold

    CRMLS: 20585546

    $1,374,310

    Price

  • Oct 28, 2020

    Date

    Active Under Contract

    CRMLS: 20585546

    $1,525,000

    Price

  • Sep 14, 2020

    Date

    Price Change

    CRMLS: 20585546

    $1,525,000

    Price

  • Aug 7, 2020

    Date

    Price Change

    CRMLS: 20585546

    $1,599,000

    Price

  • Jun 2, 2020

    Date

    Active

    CRMLS: 20585546

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible opportunity for an investor to purchase this 6 unit secure complex consisting of 2 structures. 2 Unit to be be delivered vacant. The front structure has 4 oversized 1 bedroom units with living rooms, formal dining rooms, good size kitchens, large bedrooms, & a full bathroom with attached dressing room. They are approx. 1,000 sq ft each. The rear structure has 2 units that are 1 bedroom each above a 4 car parking garage. Lots of original features including the beautiful French windows and high coved ceilings. This is a prime rental area just south of the hustle and bustle of the Hollywood Media Arts sector. Some of the upgrades to the complex include copper re-piping of the front units and both structures were recently painted. This asset offers an investor a unique & rare opportunity to add value through unit interior upgrades as the units turn over. Units are separately metered for electricity & gas. Please do not disturb the tenants. https://youtu.be/yRRQHDOcD_M. 3 vacant.

  • December, 2020

  • Dec 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,374,500

    Price

  • October, 2019

  • Oct 10, 2019

    Date

    Expired

    CRMLS: 19454340

    $1,599,000

    Price

  • Sep 19, 2019

    Date

    Withdrawn

    CRMLS: 19454340

    $1,599,000

    Price

  • Aug 30, 2019

    Date

    Active

    CRMLS: 19454340

    $1,599,000

    Price

  • Aug 12, 2019

    Date

    Active Under Contract

    CRMLS: 19454340

    $1,599,000

    Price

  • Jun 5, 2019

    Date

    Price Change

    CRMLS: 19454340

    $1,599,000

    Price

  • Apr 11, 2019

    Date

    Active

    CRMLS: 19454340

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible opportunity for an investor to purchase this 6 unit secure complex consisting of 2 structures. The front structure has 4 oversized 1 bedroom units with large living rooms, formal dining rooms, good size kitchens, large bedrooms, & a full bathroom with attached dressing room. They are approx. 1,000 sq ft each. The rear structure has 2 units that are 1 bedroom each above a 4 car parking garage. Lots of original features including the beautiful French windows and high coved ceilings. This is a prime rental area just south of the hustle and bustle of the Hollywood Media Arts sector. Some of the upgrades to the complex include copper re-piping of the front units and both structures were recently painted. This asset offers an investor a unique & rare opportunity to add value through unit interior upgrades as the units turn over. Units are separately metered for electricity & gas. Please do not disturb the tenants, drive by only.

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Tax History for 1125 Lodi Pl

Assessed Value (2020): $446,320
Year Land Value Improved Value Assessed Value
2020 $222,860 $223,460 $446,320

Home Value Compared to the Market

This property vs the competition

1125 Lodi Pl is listed 153.06% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $594.78 per/sqft which puts the price per square foot 23.15% lower than the median price per square foot for the city of Los Angeles.

About 1125 Lodi Pl

Detailed summary of property

1125 Lodi Pl is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 10 bedrooms, 12 bathrooms, roughly 5,212 living square feet, and sits on an approximately 6,766 square foot lot. 1125 Lodi Pl was first listed on ArdentRealEstateGroup.com on March 7, 2024. The homeowner is currently asking $3,100,000 and was originally asking $3,150,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 153.06% higher than the median priced home. Local competing homes currently for sale include 1400 N. Hobart Blvd, 1802 N Western Ave and 1610 Hobart. While the average home in Los Angeles, CA is selling in 96 days, 1125 Lodi Pl has a days on market of 53 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1125 Lodi Pl Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1125 Lodi Pl

Public county record property details
Beds
6
Baths
7
Year built
1953
Sq. Ft.
4,872
Lot Size
6,765
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5534-007-017

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
41
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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