127 N Doheny Dr, Los Angeles, CA 90048
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127 N Doheny Dr Los Angeles, CA 90048

$2,925,000 Sold Price as of 05/03/2024
  • 4 Beds
  • 8 Baths
  • 5,498 Sq.Ft.
Sold
$2,925,000 Sold Price as of 05/03/2024 Refinance Your Mortgage

Map preview of 127 N Doheny Dr, Los Angeles, CA 90048

Property Overview: 127 N Doheny Dr Los Angeles, CA has 4 bedrooms, 8 bathrooms, 5,498 living square feet and 6,654 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of an eight (8) unit apartment building located at 127-129 North Doheny Drive in Los Angeles, California. The subject property is situated in a prime Beverly Grove location; just a few doors South of Beverly Boulevard, West of North Robertson Boulevard, and abutting Beverly Hills. Built in 1941, the North Doheny Apartments have been well well-maintained by the same ownership for over 50 years. The offering features a great unit mix consisting of two (2) 1 bed / 1 bath units, two (2) 1 bed/1 bath + den units, and (4) studios. Most units feature bay windows, breakfast rooms, hardwood and hardwood style floors, stainless steel appliances, refrigerator, stove, and a dishwasher. Tenants also have the luxury of (6) covered parking spots and on-site laundry. The total size of the building is approximately 5,498 square feet and sits on a 6,652 square foot lot that is LAR4 zoned.The offering is situated in a prime Beverly Grove location, on the Northeastern border of Beverly Hills. The property is in walking distance to the famed Beverly Boulevard with attractions that include world renowned dining destinations, high end luxury retailers, Bristol Farms, and many more elite destinations. The Subject property is in close proximity to the Beverly Hills Four Seasons, Cedars Sinai Hospital, The Beverly Center and a wide array of the most notable dining, shopping, and entertainment options that Los Angeles has to offer. Nestled between West Hollywood & the Norma Triangle to the North, Beverly Grove to the Southeast, and Beverly Hills to the West, this property benefits from extremely healthy demographics, and an ever-booming employment sector with endless designer brands on every corner. Doheny's dominant access to Santa Monica and San Vicente Boulevards benefit its commuting tenants via. quick access to the 10 and 405 Freeways. The North Doheny Apartments provide a rare opportunity for an experienced investor to acquire in one of California's most notable rental pockets with the highest barriers to entry.

Listed by Eliyahu Appel | BRE #01918652 | Marcus & Millichap
Co-listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 107

Home details

Lot Sq. Ft
6,654
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23334905
City
Los Angeles
County
Los Angeles
Time on Site
172 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,333
  • Total Rent: $4,666
  • Pro Forma/Market Rent: $5,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $5,400
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,506
  • Total Rent: $6,023
  • Pro Forma/Market Rent: $7,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.97%
  • Gross Rent Multiplier: 15.31
  • Gross Scheduled Income: --
  • Net Operating Income: $117,994
  • Gross Operating Income: $188,207
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 127 N Doheny Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas, Electric
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 8
  • Parcel Number: 4335006029
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Beverly Boulevard, West of North Robertson Boulevard
View more facts & features

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Sale History for 127 N Doheny Dr

Last sold for $2,925,000 on May 3rd, 2024
  • May, 2024

  • May 3, 2024

    Date

    Sold

    CRMLS: 23334905

    $2,925,000

    Price

  • Nov 27, 2023

    Date

    Active

    CRMLS: 23334905

    $3,250,000

    Price

Tax History for 127 N Doheny Dr

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

127 N Doheny Dr sold on May 3, 2024 for 149.58% 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 $540.2 per/sqft which puts the price per square foot 28.45% lower than the current median sale per square foot for the city of Los Angeles.

About 127 N Doheny Dr

Detailed summary of property

127 N Doheny Dr is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 4 bedrooms, 8 bathrooms, roughly 5,498 living square feet, and sits on an approximately 6,654 square foot lot. 127 N Doheny Dr was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner sold the property for $2,925,000. 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 149.58% higher than the current median priced home. Local homes that are currently for sale include 816 S Orange Grove Ave, 1074 S Genesee Ave and 461 N Vista St. While the average home in Los Angeles, CA is selling in 94 days, 127 N Doheny Dr has a days on market of 107 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 127 N Doheny Dr Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 127 N Doheny Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,041
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
133
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

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Related Resources to 127 N Doheny Dr

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.