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1331 N June St, Los Angeles, CA 90028
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1331 N June St Los Angeles, CA 90028

$1,195,000 Sold Price as of 01/10/2024
  • 15 Beds
  • 12 Baths
  • 6,301 Sq.Ft.
Sold
$1,195,000 Sold Price as of 01/10/2024 Refinance Your Mortgage
Map preview of 1331 N June St, Los Angeles, CA 90028

Property Overview: 1331 N June St Los Angeles, CA has 15 bedrooms, 12 bathrooms, 6,301 living square feet and 6,653 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SOLD WITH RTI PLANS!!! 1331-1333 N June St, is a 1,842 SF duplex consisting of two 921 SF 1-bedroom 1-bath units on a 6,653 SF LARD1.5 lot. One of the units is vacant. The property is sold with ready-to-issue (RTI) plans to remodel and convert the vacant unit into a 2-bedroom 2-bath unit and add three units in the back of the lot, comprised of two approximately 1,550 SF 4-bedroom, 3-bathroom townhomes and one 1,286 SF 3-bedroom, 2-bathroom ADU. This strategic investment offers significant growth potential in a flourishing community with enormous upside. The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. ***There is an opportunity to purchase 2 more adjacent lots at 1323 and 1325 N June St as a package from the same owner. All 3 lots are on the market. OM available by request for 3-lot assemblage.***

Listed by Yohann Bensimon | BRE #01966630 | Keller Williams Hollywood Hills
Last checked: 8 minutes ago | Last updated: January 18th, 2024 | Source CRMLS | DOM: 157

Home details

Lot Sq. Ft
6,653
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23284074
City
Los Angeles
County
Los Angeles
Time on Site
317 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $719
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $6,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $6,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10
  • Gross Scheduled Income: --
  • Net Operating Income: $272,319
  • Gross Operating Income: $294,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1331 N June St

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: One
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: 6
  • Has Parking
  • Parking Features: Driveway, Carport
Lot Information
  • Lot Features: Front Yard
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5547030016
  • Year Built Source: Estimated
  • Architectural Style: Bungalow
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: 1/2 block north of Fountain Ave, 1.5 block south of Sunset Blvd, 3 blocks west of Wilcox, 4 blocks east of Highland.
View more facts & features

Local Los Angeles Agent

Sale History for 1331 N June St

Last sold for $1,195,000 on January 10th, 2024

  • January, 2024

  • Jan 10, 2024

    Date

    Sold

    CRMLS: 23284074

    $1,195,000

    Price

  • Jun 23, 2023

    Date

    Active

    CRMLS: 23284074

    $1,498,000

    Price

  • June, 2023

  • Jun 20, 2023

    Date

    Canceled

    CRMLS: 23273341

    $4,995,000

    Price

  • May 23, 2023

    Date

    Active

    CRMLS: 23273341

    $4,995,000

    Price

  • Listing provided courtesy of CRMLS

    We are excited to present an exceptional ready-to-issue (RTI) three-lot assemblage at 1323, 1325, and 1331 N June St. The lots host a total of 6 units, 8 bedrooms and 7 bathrooms across a single-family dwelling (SFD) with a spacious backyard, a triplex composed of bungalow units, and a duplex with a large concrete-paved area in the back. This strategic investment offers significant growth potential in a flourishing community with enormous upside. Plans call for the addition of 6 units, 29 bedrooms, and 21 bathrooms for a total of 12 units, 37 bedrooms, and 28 bathrooms. The SFD will be renovated and converted from a 1-bedroom, 1-bathroom to a 4-bedroom, 3-bathroom with 622 added square feet. Furthermore, an infill development will be erected behind it composed of three units: two 1,684 SF 4-bedroom, 3-bathroom townhomes and one 1,479 SF 3-bedroom, 2-bathroom ADU. The triplex bungalows will be renovated and the two 2-bedroom units will also be converted. The 2-bedroom, 1.5-bathroom will become a 1,615 SF 4-bedroom, 3-bathroom. The 2-bedroom, 1-bathroom will become a 1,339 SF 3-bedroom, 2-bathroom.The duplex will be renovated and converted from two 921.5 SF 1-bedroom, 1-bathroom units to two 2-bedroom, 2-bathroom units. Additionally, an infill development will be erected behind it composed of three units: two approximately 1,550 SF 4-bedroom, 3-bathroom townhomes and one 1,286 SF 3-bedroom, 2-bathroom ADU. The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. The area sees strong demand for real estate, fueled by ongoing urban revitalization and high economic growth guaranteeing increasing rental income and property value for years to come. This development site, complete with RTI plans, is primed for lucrative returns in this burgeoning neighborhood.

  • May, 2015

  • May 26, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1331 N June St

Assessed Value (2020): $65,845
Year Land Value Improved Value Assessed Value
2020 $51,532 $14,313 $65,845

Home Value Compared to the Market

This property vs the competition

1331 N June St sold on January 10, 2024 for 8.82% 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 $205.52 per/sqft which puts the price per square foot 72.78% lower than the current median sale per square foot for the city of Los Angeles.

About 1331 N June St

Detailed summary of property

1331 N June St is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 15 bedrooms, 12 bathrooms, roughly 6,301 living square feet, and sits on an approximately 6,653 square foot lot. 1331 N June St was first listed on ArdentRealEstateGroup.com on June 24, 2023. The homeowner sold the property for $1,195,000. 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 8.82% higher than the current median priced home. Local homes that are currently for sale include 2912 Park Center Dr, 5228 De Longpre Ave and 810 N Hobart Blvd. While the average home in Los Angeles, CA is selling in 94 days, 1331 N June St has a days on market of 157 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1331 N June St Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1331 N June St

Public county record property details
Beds
2
Baths
2
Year built
1921
Sq. Ft.
1,448
Lot Size
6,655
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5547-030-016

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
34
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

Thinking of Selling?

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(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.

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