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1236 Hi Point St, Los Angeles, CA 90035
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1236 Hi Point St Los Angeles, CA 90035

$1,885,000
  • 4 Beds
  • 2 Baths
  • 2,880 Sq.Ft.
For Sale
$1,885,000 Get Pre-Qualified
Map preview of 1236 Hi Point St, Los Angeles, CA 90035

Property Overview: 1236 Hi Point St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,880 living square feet and 6,522 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: Welcome to 1236 Hi Point, a great investment/development opportunity, located in the Carthay Square Historic District. This 2 unit property with 2 bed, 1 bath each, comes with stamped plans for an ADU (Accessory Dwelling Unit) behind the main building. This offers an excellent opportunity for additional income or flexible living arrangements and presents many possibilities for the savvy investor. Whether you're looking to live in one unit and rent out the other, or plan a renovation project there is great potential. The property is situated in the vibrant Beverly Center-Miracle Mile area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Current rents are below market rate and both units are on month to month lease. The 2 garages that can be reached by the alleyway are the location for the approved ADU. Photos are of the upper unit.

Listed by Samantha Binah | BRE #02062681 | Coldwell Banker Realty
Last checked: 9 seconds ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 19
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Home details

Lot Sq. Ft
6,522
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24385595
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,838
  • Total Rent: $1,838
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $991
  • Total Rent: $991
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 54
  • Gross Scheduled Income: --
  • Net Operating Income: $10,037
  • Gross Operating Income: $33,948
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $18,448
  • Gardener: $780
  • Insurance: $2,369
  • Maintenance: $125
  • Water/Sewer: $2,189

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Property Details for 1236 Hi Point St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Covered
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5087027018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just north of Pico, between Crescent Heights and Fairfax Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1236 Hi Point St

Last sold on February 13th, 2019

  • April, 2024

  • Apr 29, 2024

    Date

    Active

    CRMLS: 24385595

    $1,885,000

    Price

  • February, 2019

  • Feb 13, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1236 Hi Point St

Assessed Value (2020): $1,509,600
Year Land Value Improved Value Assessed Value
2020 $969,000 $540,600 $1,509,600

Home Value Compared to the Market

This property vs the competition

1236 Hi Point St is listed 50.8% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $654.51 per/sqft which puts the price per square foot 15.76% lower than the median price per square foot for the city of Los Angeles.

About 1236 Hi Point St

Detailed summary of property

1236 Hi Point St is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 4 bedrooms, 2 bathrooms, roughly 2,880 living square feet, and sits on an approximately 6,522 square foot lot. 1236 Hi Point St was first listed on ArdentRealEstateGroup.com on April 29, 2024. The homeowner is currently asking $1,885,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 50.8% higher than the median priced home. Local competing homes currently for sale include 1206 S Sherbourne Dr, 1612 S Sierra Bonita Ave and 6347 Orange St. While the average home in Los Angeles, CA is selling in 92 days, 1236 Hi Point St has a days on market of 19 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1236 Hi Point St Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1236 Hi Point St

Public county record property details
Beds
4
Baths
2
Year built
1936
Sq. Ft.
2,880
Lot Size
6,520
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
184
APN
5087-027-018

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$784
Median Sold Price
$1,465,000
Median Sold Price/Sq.Ft.
$843
Total Inventory
59
Median Sale to List Price %
104.64%
Avg Days on Market
35
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (23.08%), Other (7.69%)

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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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