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11677 Goshen Ave Los Angeles, CA 90049

$37,500,000 Sold Price as of 06/30/2022

74 Beds
74 Baths
59,071 Sq.Ft.

Sold

$37,500,000 Sold Price as of 06/30/2022 Refinance Your Mortgage

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Map preview of 11677 Goshen Ave, Los Angeles, CA 90049

Property Overview: 11677 Goshen Ave Los Angeles, CA has 74 bedrooms, 74 bathrooms, 59,071 living square feet and 26,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 11677 & 11683 Goshen Avenue is a generational multifamily investment opportunity located in the heart of LA's famed community of Brentwood. Consisting of 2 properties each with their own APN, the buildings boast an ideal unit mix consisting of all large 1 bedroom & 2 bedroom units. Each of these units are extremely spacious, have a terrific floorplan, and offer an abundance of natural light.Current ownership has invested significant capital into the properties and over 70% of the units have been remodeled. The unit mix includes (62)1-bed, 1-bath units, (4) 1-bed, 1.5-bath with a den units, and (2) 2-bed, 2 bath units. These are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 80 cars as well as an on-site laundry facility in each building, a sparkling pool, a sauna, and a vacant large pool room that would be suitable for a perfect gym or entertainment area. A quick walk to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty

Last checked: 7 minutes ago | Last updated: July 1st, 2022 | Source CRMLS | DOM: 134

Home details

Lot Sq. Ft: 26,250
HOA Dues: $0/mo
Year built: 1971
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21101343
City: Los Angeles
County: Los Angeles
Time on Site: 1061 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 68
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 62
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,122
Total Rent: $131,593
Pro Forma/Market Rent: $167,090

Unit Breakdown 2

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,595
Total Rent: $10,380
Pro Forma/Market Rent: $12,380

Unit Breakdown 3

# of Units: 4
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,589
Total Rent: $5,178
Pro Forma/Market Rent: $6,790

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 21.8
Gross Scheduled Income: --
Net Operating Income: $1,005,919
Gross Operating Income: $1,720,928

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 11677 Goshen Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Community

Room Information

Flooring: Laminate

Kitchen Information

Has Appliances
Dishwasher

Exterior Features

Pool Features: In Ground

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 80
Has Parking
Parking Features: Assigned, Covered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 68
Parcel Number: 4265003036
Has Additional Parcels

Location / Neighborhood

Location Information

Directions: On Goshen Avenue, 1 block north of Wilshire Blvd. Cross streets are Barry Avenue and South Barrington Avenue.

View more facts & features

Local Los Angeles Agent

Sale History for 11677 Goshen Ave

Last sold for $37,500,000 on June 30th, 2022

June, 2022
Jun 30, 2022

Date

Sold

CRMLS: 21101343

$37,500,000

Price
Nov 2, 2021

Date

Active

CRMLS: 21101343

$38,495,000

Price
September, 2014
Sep 26, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 11677 Goshen Ave

Assessed Value (2020): $14,840,687

Year	Land Value	Improved Value	Assessed Value
2020	$8,791,512	$6,049,175	$14,840,687

Home Value Compared to the Market

This property vs the competition

11677 Goshen Ave sold on June 30, 2022 for 3337.05% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $651.67 per/sqft which puts the price per square foot 9.99% lower than the current median sale per square foot for the city of Los Angeles.

About 11677 Goshen Ave

Detailed summary of property

11677 Goshen Ave is a multi family that recently sold in Los Angeles, CA 90049. This multi family property offered 74 bedrooms, 74 bathrooms, roughly 59,071 living square feet, and sits on an approximately 26,250 square foot lot. 11677 Goshen Ave was first listed on ArdentRealEstateGroup.com on November 2, 2021. The homeowner sold the property for $37,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 3337.05% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 106 days, 11677 Goshen Ave has a days on market of 134 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 11677 Goshen Ave Los Angeles, CA 90049 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11677 Goshen Ave

Public county record property details

Beds: --
Baths: --
Year built: 1971
Sq. Ft.: 31,558
Lot Size: 15,000
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 9,10
APN: 4265-003-036

The source for these homes facts are from public records.

90049 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$3,750,000

Median List Price/Sq.Ft.

$1,113

Median Sold Price

$2,425,000

Median Sold Price/Sq.Ft.

$950

Total Inventory

193

Median Sale to List Price %

97.19%

Avg Days on Market

Loan Type

Conventional (14.81%), FHA (0%), VA (0%), Cash (7.41%), 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.