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1261 Stoner Ave Los Angeles, CA 90025

$8,990,000 Sold Price as of 12/02/2021

23 Beds
20 Baths
11,485 Sq.Ft.

Sold

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Map preview of 1261 Stoner Ave, Los Angeles, CA 90025

Property Overview: 1261 Stoner Ave Los Angeles, CA has 23 bedrooms, 20 bathrooms, 11,485 living square feet and 6,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this new construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units.The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Propertys central location, providing easy access to many of Los Angeles major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills.With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap

Last checked: 4 minutes ago | Last updated: August 8th, 2023 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft: 6,999
HOA Dues: $0/mo
Year built: 2019
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21783476
City: Los Angeles
County: Los Angeles
Time on Site: 969 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 3
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $5,250
Total Rent: $21,000
Pro Forma/Market Rent: $23,000

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,350
Total Rent: $4,350
Pro Forma/Market Rent: $4,950

Unit Breakdown 3

# of Units: 3
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $5,200
Total Rent: $15,600
Pro Forma/Market Rent: $17,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18.32
Gross Scheduled Income: --
Net Operating Income: $317,010
Gross Operating Income: $476,658

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1261 Stoner Ave

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 16
Has Parking
Parking Features: Covered

Property Information

Total # of Units: 8
Parcel Number: 4263008009

Location / Neighborhood

Location Information

Directions: Stoner & Wilshire

View more facts & features

Local Los Angeles Agent

Sale History for 1261 Stoner Ave

Last leased for $5,850 on August 5th, 2023

August, 2023
Aug 5, 2023

Date

Leased

CRMLS: 23294237

$5,850

Price
Jul 25, 2023

Date

Active

CRMLS: 23294237

$5,850

Price
Listing provided courtesy of CRMLS

NEW CONSTRUCTION BUILDING3 Bedroom + 3 Full BathIn Unit Washer-DryerGated ParkingIntercom SystemLocated blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex within short distance of an abundance of amenities. The rooftop deck offers fantastic viewsThis large 3 bedroom 3 bathroom is an ideal unit for roommates. Walk-in Closet, in-unit washer, and dryer. All the appliances are included in the unit. Gated parking with a RING doorbell preinstalled by the unit door.We have a rooftop garden which is perfect to relax and enjoy your day

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July, 2022
Jul 8, 2022

Date

Leased

CRMLS: 22167887

$5,695

Price
Jun 14, 2022

Date

Active

CRMLS: 22167887

$5,695

Price
Listing provided courtesy of CRMLS

NEW CONSTRUCTION. 3 Bedroom +3 Bathroom - IN UNIT WASHER & DryerMarketing DescriptionNEW CONSTRUCTION BUILDING3 Bedroom + 3 Full BathIn Unit Washer-DryerGated ParkingIntercom SystemLocated blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex within walking distance of an abundance of amenities. The rooftop deck offers fantastic viewsThis large 3 bedroom 3 bathrooms is an ideal unit for roommates. Walk-in Closet, in-unit washer, and dryer. All the appliances are included in the unit. Gated parking with a RING doorbell preinstalled by the unit door. We have a rooftop garden which is perfect to relax and enjoy your day

Continue Reading
January, 2022
Jan 2, 2022

Date

Expired

CRMLS: 21104981

$5,100

Price
Nov 12, 2021

Date

Active

CRMLS: 21104981

$5,100

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
September, 2021
Sep 14, 2021

Date

Active

CRMLS: 21783476

$9,000,000

Price
June, 2021
Jun 4, 2021

Date

Leased

CRMLS: 21719698

$5,250

Price
Apr 16, 2021

Date

Active

CRMLS: 21719698

$5,250

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
April, 2021
Apr 1, 2021

Date

Expired

CRMLS: 21697546

$5,350

Price
Feb 25, 2021

Date

Active

CRMLS: 21697546

$5,350

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
August, 2020
Aug 1, 2020

Date

Expired

CRMLS: 20593330

$5,400

Price
Jun 19, 2020

Date

Active

CRMLS: 20593330

$5,400

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
August, 2020
Aug 1, 2020

Date

Expired

CRMLS: 20593306

$5,100

Price
Jun 19, 2020

Date

Active

CRMLS: 20593306

$5,100

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
April, 2020
Apr 22, 2020

Date

Leased

CRMLS: 19538936

$5,350

Price
Mar 2, 2020

Date

Pending

CRMLS: 19538936

$5,400

Price
Mar 2, 2020

Date

Active

CRMLS: 19538936

$5,400

Price
Mar 2, 2020

Date

Expired

CRMLS: 19538936

$5,400

Price
Jan 27, 2020

Date

Price Change

CRMLS: 19538936

$5,400

Price
Jan 18, 2020

Date

Price Change

CRMLS: 19538936

$5,450

Price
Dec 27, 2019

Date

Active

CRMLS: 19538936

$5,500

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
April, 2020
Apr 1, 2020

Date

Expired

CRMLS: 19538944

$5,300

Price
Mar 2, 2020

Date

Active

CRMLS: 19538944

$5,300

Price
Mar 2, 2020

Date

Expired

CRMLS: 19538944

$5,300

Price
Jan 27, 2020

Date

Price Change

CRMLS: 19538944

$5,300

Price
Jan 18, 2020

Date

Price Change

CRMLS: 19538944

$5,350

Price
Dec 27, 2019

Date

Active

CRMLS: 19538944

$5,400

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
April, 2020
Apr 1, 2020

Date

Expired

CRMLS: 19538954

$5,300

Price
Mar 2, 2020

Date

Active

CRMLS: 19538954

$5,300

Price
Mar 2, 2020

Date

Expired

CRMLS: 19538954

$5,300

Price
Jan 27, 2020

Date

Price Change

CRMLS: 19538954

$5,300

Price
Jan 18, 2020

Date

Price Change

CRMLS: 19538954

$5,350

Price
Dec 27, 2019

Date

Active

CRMLS: 19538954

$5,400

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
April, 2020
Apr 1, 2020

Date

Expired

CRMLS: 19538956

$5,200

Price
Mar 2, 2020

Date

Active

CRMLS: 19538956

$5,200

Price
Mar 2, 2020

Date

Expired

CRMLS: 19538956

$5,200

Price
Jan 27, 2020

Date

Price Change

CRMLS: 19538956

$5,200

Price
Jan 18, 2020

Date

Price Change

CRMLS: 19538956

$5,250

Price
Dec 27, 2019

Date

Active

CRMLS: 19538956

$5,300

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
April, 2020
Apr 1, 2020

Date

Expired

CRMLS: 19538880

$5,450

Price
Mar 2, 2020

Date

Active

CRMLS: 19538880

$5,450

Price
Mar 2, 2020

Date

Expired

CRMLS: 19538880

$5,450

Price
Jan 27, 2020

Date

Price Change

CRMLS: 19538880

$5,450

Price
Jan 18, 2020

Date

Price Change

CRMLS: 19538880

$5,500

Price
Dec 27, 2019

Date

Active

CRMLS: 19538880

$5,550

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
January, 2020
Jan 27, 2020

Date

Canceled

CRMLS: 19538960

$4,800

Price
Jan 18, 2020

Date

Price Change

CRMLS: 19538960

$4,800

Price
Dec 27, 2019

Date

Active

CRMLS: 19538960

$4,900

Price
Listing provided courtesy of CRMLS

Located blocks from the Wilshire/Bundy intersection, 1261 Stoner Ave is a newly constructed 8-unit luxury apartment complex walking distance from an abundance of amenities. These environmentally-friendly apartments utilize passive design techniques aimed to minimize the energy load, and thus the environmental footprint, of its occupants. Coupled with state-of-the-art technologies, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.

Continue Reading
August, 2017
Aug 8, 2017

Date

Sold (Public Records)

Public Records

$3,100,000

Price
November, 2015
Nov 9, 2015

Date

Sold (Public Records)

Public Records

$1,750,000

Price

Tax History for 1261 Stoner Ave

Assessed Value (2020): $4,066,128

Year	Land Value	Improved Value	Assessed Value
2020	$3,225,240	$840,888	$4,066,128

Home Value Compared to the Market

This property vs the competition

1261 Stoner Ave sold on December 2, 2021 for 656.3% 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 $783.63 per/sqft which puts the price per square foot 3.79% higher than the current median sale per square foot for the city of Los Angeles.

About 1261 Stoner Ave

Detailed summary of property

1261 Stoner Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 23 bedrooms, 20 bathrooms, roughly 11,485 living square feet, and sits on an approximately 6,999 square foot lot. 1261 Stoner Ave was first listed on ArdentRealEstateGroup.com on September 14, 2021. The homeowner sold the property for $8,990,000. 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 656.3% higher than the current median priced home. Local homes that are currently for sale include 4233 Burns Ave, 667 S Carondelet St and 155 S Oak Knoll Ave. While the average home in Los Angeles, CA is selling in 93 days, 1261 Stoner Ave has a days on market of 25 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1261 Stoner Ave 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 1261 Stoner Ave

Public county record property details

Beds: 7
Baths: 6
Year built: 1951
Sq. Ft.: 4,220
Lot Size: 6,998
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 4263-008-009

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

108

Median Sale to List Price %

104.95%

Avg Days on Market

Loan Type

Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

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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.