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1139 Cole Ave Los Angeles, CA 90038

$1,050,000 Sold Price as of 12/14/2020

4 Beds
2 Baths
1,826 Sq.Ft.

Sold

$1,050,000 Sold Price as of 12/14/2020 Refinance Your Mortgage

Map preview of 1139 Cole Ave, Los Angeles, CA 90038

Property Overview: 1139 Cole Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,826 living square feet and 3,449 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Embrace the Hollywood lifestyle at 1139 N Cole Ave, a charming bungalow duplex offering two separate buildings for a total size of 1,608 SF sitting on a 3,448 SF LAR3 lot. Ideal for owner user, live in one unit rent the other. The property provides in each unit 2 bedrooms and 1 bathroom, a living room, dining area, in-unit laundry, many closets and a private car garage. Both buildings have brand new windows. Sold with 1 vacant unit, the occupied unit has been remodeled with new kitchen, bathroom and central AC. Enjoy individual backyards for outdoor dinner with family/friends while taking care of your plants in the gardening area. The common area offers large space for storage and trash. Tenants are paying for all utilities (Electric/Trash/Gas/Water). 1139 Cole is located in the center of major developments with a walk score of 95 (Paradise). Being within minutes to Netflix, The Walk of Fame and West Hollywood with a wide variety of trendy restaurants and food selection.

Listed by Yohann Bensimon | BRE #01966630 | Keller Williams Hollywood Hills

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft: 3,449
HOA Dues: $0/mo
Year built: 1937
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20638584
City: Los Angeles
County: Los Angeles
Time on Site: 1207 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,600
Total Rent: $2,600
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 17.71
Gross Scheduled Income: --
Net Operating Income: $45,334
Gross Operating Income: $62,856
# of Rented Garages: 2

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 1139 Cole Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Room Information

Flooring: Wood

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Two Door, Garage

Lot Information

Lot Size Source: Assessor

Property Information

Has View
View: City Lights
Total # of Units: 2
Parcel Number: 5533009011
Architectural Style: Bungalow

Location / Neighborhood

Location Information

Directions: North of Santa Monica Blvd, South of Fountain Ave, West of Cahuenga Blvd, East of Wilcox Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 1139 Cole Ave

Last sold for $1,050,000 on December 14th, 2020

December, 2020
Dec 14, 2020

Date

Sold

CRMLS: 20638584

$1,050,000

Price
Nov 9, 2020

Date

Pending

CRMLS: 20638584

$998,108

Price
Oct 17, 2020

Date

Active Under Contract

CRMLS: 20638584

$998,108

Price
Sep 29, 2020

Date

Active

CRMLS: 20638584

$998,108

Price
December, 2020
Dec 14, 2020

Date

Sold (Public Records)

Public Records

$1,050,000

Price
November, 2020
Nov 11, 2020

Date

Canceled

CRMLS: 20629374

$1,190,000

Price
Sep 27, 2020

Date

Withdrawn

CRMLS: 20629374

$1,190,000

Price
Sep 8, 2020

Date

Active

CRMLS: 20629374

$1,190,000

Price
Listing provided courtesy of CRMLS

We are proud to present this rare opportunity to acquire a charming bungalow duplex, located in the heart of Hollywood. 1139 - 1145 N Cole Ave is a 1,608 SF property offering two separate buildings of 2Br / 1Ba sitting on a 3,448 square foot LAR3 lot. The property is delivered with 1 vacant unit and provides 1 car garage per unit, a common area for trash, in-unit laundry, new windows in all buildings and individual backyards giving the opportunity to enjoy outdoor dinner with family and friends and also a gardening area. The occupied unit has been recently remodeled with new kitchen, bathroom and central AC. Tenants are paying for all utilities (Electric/Trash/Gas/Water). 1139 Cole is located in the center of many major developments in Hollywood and has a walk score of 95 (Paradise). Being within minutes to Netflix, The Walk of Fame and West Hollywood with a wide variety of trendy restaurants and food selection. We advise potential buyers and agents to do their own due diligence.

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July, 2020
Jul 2, 2020

Date

Leased

CRMLS: 20579282

$2,900

Price
May 22, 2020

Date

Price Change

CRMLS: 20579282

$2,600

Price
May 15, 2020

Date

Active

CRMLS: 20579282

$2,700

Price
Listing provided courtesy of CRMLS

This is a courtesy MLS listing. Please contact seller directly. Do not contact LA1. See showing remarks for seller contact info. LOCATION LOCATION LOCATION! This classic Hollywood bungalow is just a stone's throw away to Sunset Blvd + Cahuenga Blvd, Hollywood Farmer's Market, Amoeba Music, Arclight Cinema, Metro Red Line Station, Trader Joe's, Hollywood City Hall, gyms, shops, bars, restaurants, etc. Step in to this inviting home, with hardwood flooring throughout. The living room flows directly into a dedicated dining room complete with charming built-ins. Complete with 2 bedrooms, 1 gorgeously renovated bath, this home features central ac/heat, stackable washer/dryer, a single car garage and a backyard perfect for small pet. Available beginning May 23rd. Security Deposit $2500. Pet Deposit $200. Tenant pays Water, Gas + Power.

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January, 2014
Jan 31, 2014

Date

Sold (Public Records)

Public Records

$690,000

Price

Tax History for 1139 Cole Ave

Assessed Value (2020): $773,414

Year	Land Value	Improved Value	Assessed Value
2020	$437,147	$336,267	$773,414

Home Value Compared to the Market

This property vs the competition

1139 Cole Ave sold on December 14, 2020 for 16.13% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $546.61 per/sqft which puts the price per square foot 27.6% lower than the current median sale per square foot for the city of Los Angeles.

About 1139 Cole Ave

Detailed summary of property

1139 Cole Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,826 living square feet, and sits on an approximately 3,449 square foot lot. 1139 Cole Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,050,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.13% lower than the current median priced home. Local homes that are currently for sale include 4500 Gilbert Pl, 725 N Normandie Ave and 664 N Normandie Ave. While the average home in Los Angeles, CA is selling in 96 days, 1139 Cole Ave has a days on market of 16 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 1139 Cole Ave 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 1139 Cole Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1937
Sq. Ft.: 1,608
Lot Size: 3,448
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 5533-009-011

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.

$709

Median Sold Price

$715,000

Median Sold Price/Sq.Ft.

$659

Total Inventory

Median Sale to List Price %

79.44%

Avg Days on Market

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.