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1239 Gordon St, Los Angeles, CA 90038
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1239 Gordon St Los Angeles, CA 90038

$1,991,000
  • 33 Beds
  • 15 Baths
  • 4,119 Sq.Ft.
For Sale
$1,991,000 Get Pre-Qualified
Map preview of 1239 Gordon St, Los Angeles, CA 90038

Property Overview: 1239 Gordon St Los Angeles, CA has 33 bedrooms, 15 bathrooms, 4,119 living square feet and 8,297 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: Exceptional owner-user potential awaits with this lucrative opportunity. The current owner enjoys a monthly income of $12,000-$15,000! Immerse yourself in the grandeur of this vast property, spanning 8,294 square feet in the lively heart of Hollywood, California. This unique offering includes a captivating front house and two generously sized rear units, each brimming with untapped possibilities. The main residence unfolds with a spacious layout, featuring a total of 10 bedrooms, a meticulously designed kitchen, and 4 modern bathrooms. Simultaneously, the two rear units offer inviting 1-bedroom layouts, equipped with stylish bathrooms, fully appointed kitchens, and the added convenience of separate washer and dryer hook-ups. Parking is abundant, providing 4 covered carport spaces and additional room in the driveway for your utmost convenience. Beyond the property's allure, its strategic location is key. Positioned with precision in proximity to major movie studios, premier shopping destinations, and a plethora of exceptional dining establishments in the heart of Hollywood. Seize this unparalleled opportunity and ensure it doesn't slip away. Whether you're looking for a lucrative investment or a prime owner-user scenario, this property holds the promise of both. Take a look at this incredible price! The reason it's so attractive is because the owner has decided to sell by this Saturday! Act now to make it yours!

Listed by Melissa Zee | BRE #01451028 | Keller Williams Beverly Hills
Co-listed by Hasitha Mahaseelarathnage | BRE #02131447 | Christie's AKG
Last checked: 9 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 79
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Home details

Lot Sq. Ft
8,297
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24357501
City
Los Angeles
County
Los Angeles
Time on Site
78 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 10
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $11,000
  • Total Rent: $11,000
  • Pro Forma/Market Rent: $14,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.8
  • Gross Scheduled Income: --
  • Net Operating Income: $146,000
  • Gross Operating Income: $168,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1239 Gordon St

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Property Details for 1239 Gordon St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Fire and Smoke Detection System
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Has View
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5534013006
  • Architectural Style: Contemporary
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Gordon St between Fountain Ave and Lexington Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1239 Gordon St

View property's historical transactions

  • February, 2024

  • Feb 14, 2024

    Date

    Active

    CRMLS: 24357501

    $2,395,000

    Price

  • January, 2024

  • Jan 24, 2024

    Date

    Canceled

    CRMLS: 23298609

    $2,395,000

    Price

  • Aug 15, 2023

    Date

    Active

    CRMLS: 23298609

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

    Submit all offers! Great owner user opportunity. Current owner user makes $12,000-15,000 a month! Step into the grandeur of this expansive property, spanning an impressive 8,294 square feet, nestled in the vibrant heart of Hollywood, California. This distinguished property sets itself apart with a captivating front house and two spacious rear units, each overflowing with untapped potential. The primary residence unfolds with a generous layout, boasting a total of 8 bedrooms, a meticulously crafted kitchen, and 4 modern bathrooms. Simultaneously, the two rear units present inviting 1-bedroom layouts, complete with fully equipped kitchens, stylish bathrooms, and the added convenience of separate washer and dryer hook-ups. Parking is abundant, offering 4 covered carport spaces and additional room in the driveway for your utmost convenience. However, it's not merely about the property; it's about the strategic location. Positioned with precision in proximity to major movie studios, premier shopping destinations, and an abundance of exceptional dining establishments in the heart of Hollywood. Seize this unparalleled opportunity and don't let it slip away.

  • June, 2019

  • Jun 27, 2019

    Date

    Canceled

    CRMLS: 19436532

    $1,300,000

    Price

  • Apr 28, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Apr 18, 2019

    Date

    Hold

    CRMLS: 19436532

    $1,300,000

    Price

  • Apr 18, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Apr 8, 2019

    Date

    Hold

    CRMLS: 19436532

    $1,300,000

    Price

  • Apr 8, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Mar 29, 2019

    Date

    Hold

    CRMLS: 19436532

    $1,300,000

    Price

  • Mar 29, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Mar 19, 2019

    Date

    Hold

    CRMLS: 19436532

    $1,300,000

    Price

  • Mar 19, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Mar 9, 2019

    Date

    Hold

    CRMLS: 19436532

    $1,300,000

    Price

  • Mar 9, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Feb 28, 2019

    Date

    Hold

    CRMLS: 19436532

    $1,300,000

    Price

  • Feb 24, 2019

    Date

    Active

    CRMLS: 19436532

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present this rare opportunity to acquire a well sought out value add real estate investment and future development opportunity. Located in one of the most desirable neighborhoods in Los Angeles, California, Hollywood. This investment property located at 1239 Gordon St. consists of 3 units totaling 4,119 SQFT. 2 unit are individual 1 bedroom / 1 bathroom apartments in the back of property and a large 6 bedroom / 4 bathroom single family home in the front built in 1921 on a large 8,294 SQFT parcel zoned LAR3-1 in the tier 3 TOC.

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Tax History for 1239 Gordon St

Assessed Value (2020): $1,734,000
Year Land Value Improved Value Assessed Value
2020 $1,122,000 $612,000 $1,734,000

Home Value Compared to the Market

This property vs the competition

1239 Gordon St is listed 62.53% 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 $483.37 per/sqft which puts the price per square foot 37.55% lower than the median price per square foot for the city of Los Angeles.

About 1239 Gordon St

Detailed summary of property

1239 Gordon St is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 33 bedrooms, 15 bathrooms, roughly 4,119 living square feet, and sits on an approximately 8,297 square foot lot. 1239 Gordon St was first listed on ArdentRealEstateGroup.com on February 15, 2024. The homeowner is currently asking $1,991,000 and was originally asking $2,395,000. 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 62.53% higher than the median priced home. Local competing homes currently for sale include 5500 Barton Ave, 5229 Marathon St and 5449 S Virginia Ave. While the average home in Los Angeles, CA is selling in 96 days, 1239 Gordon St has a days on market of 79 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 1239 Gordon St 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 1239 Gordon St

Public county record property details
Beds
8
Baths
6
Year built
1921
Sq. Ft.
4,119
Lot Size
8,294
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
221,222
APN
5534-013-006

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
40
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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