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1218 Mcclellan Dr, Los Angeles, CA 90025
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1218 Mcclellan Dr Los Angeles, CA 90025

$4,965,000 Sold Price as of 04/04/2024
  • 16 Beds
  • 16 Baths
  • 11,758 Sq.Ft.
Sold
$4,965,000 Sold Price as of 04/04/2024 Refinance Your Mortgage
Map preview of 1218 Mcclellan Dr, Los Angeles, CA 90025

Property Overview: 1218 Mcclellan Dr Los Angeles, CA has 16 bedrooms, 16 bathrooms, 11,758 living square feet and 8,717 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1218 McClellan Dr is a 16-unit apartment building in a prime West Los Angeles location. The property was built in 1972 with a unit mix comprised of one studio, fourteen large one-bedroom one-bathroom, and one two-bedroom one-bathroom unit. The building is 11,758 sqft on an 8,714 sqft lot zoned LAC2. Amenities include controlled access and gated parking. The building's extremely desirable location demands premium rents upon turnover of units, as this is one block south of Brentwood and one block east of Santa Monica. Within proximity are grocery stores, such as Ralphs, Smart & Final, Bristol Farms, Erewhon Market, and many restaurants, coffee shops, and bars. EXCELLENT LOCATION - WALK SCORE = 93 - 'WALKER'S PARADISE - DAILY ERRANDS DO NOT REQUIRE A CAR'. UNIT MIX CONSISTING OF MOSTLY LARGE 1-BEDROOM UNITS - AVG 735 SQFT. AMENITIES INCLUDE CONTROLLED ACCESS ENTRY AND GATED PARKING. RARE MID-SIZED ASSET - FIRST TIME ON THE MARKET IN 50 YEARS. APPROXIMATELY 23.5% POTENTIAL RENTAL UPSIDE UPON TURNOVER.

Listed by Benjamin Lewin | BRE #02040686 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
8,717
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24344813
City
Los Angeles
County
Los Angeles
Time on Site
116 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,837
  • Total Rent: $25,720
  • Pro Forma/Market Rent: $31,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,590
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.18%
  • Gross Rent Multiplier: 16.57
  • Gross Scheduled Income: --
  • Net Operating Income: $187,592
  • Gross Operating Income: $347,395
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1218 Mcclellan Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 16
  • Parcel Number: 4267036004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Wilshire Blvd, between Centinela Ave and Bundy Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 1218 Mcclellan Dr

Last sold for $4,965,000 on April 4th, 2024

  • April, 2024

  • Apr 4, 2024

    Date

    Sold

    CRMLS: 24344813

    $4,965,000

    Price

  • Jan 8, 2024

    Date

    Active

    CRMLS: 24344813

    $5,900,000

    Price

  • December, 2013

  • Dec 10, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1218 Mcclellan Dr

Assessed Value (2020): $953,297
Year Land Value Improved Value Assessed Value
2020 $707,415 $245,882 $953,297

Home Value Compared to the Market

This property vs the competition

1218 Mcclellan Dr sold on April 4, 2024 for 395.8% higher 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 $501.79 per/sqft which puts the price per square foot 33.54% lower than the current median sale per square foot for the city of Los Angeles.

About 1218 Mcclellan Dr

Detailed summary of property

1218 Mcclellan Dr is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 11,758 living square feet, and sits on an approximately 8,717 square foot lot. 1218 Mcclellan Dr was first listed on ArdentRealEstateGroup.com on January 8, 2024. The homeowner sold the property for $4,965,000. 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 395.8% higher than the current median priced home. Local homes that are currently for sale include 650 S La Jolla Ave, 955 N Croft Ave and 1005 N Croft Ave. While the average home in Los Angeles, CA is selling in 96 days, 1218 Mcclellan Dr has a days on market of 32 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 1218 Mcclellan Dr Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1218 Mcclellan Dr

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
11,758
Lot Size
8,714
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1-2,7-8
APN
4267-036-004

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,149,000
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
103
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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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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