Search
1402 N Las Palmas Ave, Los Angeles, CA 90028
Image 2 for 1402 N Las Palmas Ave, Los Angeles, CA 90028
Image 3 for 1402 N Las Palmas Ave, Los Angeles, CA 90028
View Photos

1402 N Las Palmas Ave Los Angeles, CA 90028

$3,155,000 Sold Price as of 09/14/2022
  • 13 Beds
  • 10 Baths
  • 5,007 Sq.Ft.
Sold
$3,155,000 Sold Price as of 09/14/2022 Refinance Your Mortgage
Map preview of 1402 N Las Palmas Ave, Los Angeles, CA 90028

Property Overview: 1402 N Las Palmas Ave Los Angeles, CA has 13 bedrooms, 10 bathrooms, 5,007 living square feet and 10,730 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Cute bungalows (separate units and duplexes) in a unique garden setting. 10 units total in the heart of high rent-demand Hollywood. Each separately metered. Great commuter location and a short walk to Hollywood and Vine Metro Station. Walking distance to restaurants and local nightlife. Secured perimeter gate helps make grounds safe for children’s play. Quiet street. Pleasant neighborhood. TOC-Tier 3 may allow for high density development. Buyer to confirm. Please do not disturb tenants. Vacancies easy to show. Call listing broker.

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Last checked: 14 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 174

Home details

Lot Sq. Ft
10,730
HOA Dues
$0/mo
Year built
1921
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
EV22029331
City
Los Angeles
County
Los Angeles
Time on Site
793 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 4
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,965
  • Total Rent: $9,825
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $888
  • Total Rent: $888
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,913
  • Total Rent: $7,652
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.84%
  • Gross Rent Multiplier: 14.47
  • Gross Scheduled Income: $254,827
  • Net Operating Income: $190,010
  • Gross Operating Income: $247,182
  • Vacancy Allowance: $7,645
  • Laundry Income: $1,440
Annual Expense Breakdown
  • Total Operating Expense: $57,172
  • Electric: $5,382
  • Gas/Fuel: $0
  • Licenses: $631
  • New Taxes: $37,250
  • Trash: $0
  • Gardener: $736
  • Insurance: $4,627
  • Maintenance: $8,006
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1402 N Las Palmas Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 5547023022
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Corner of Las Palmas and De Longpre
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1402 N Las Palmas Ave

Last leased for $2,500 on August 16th, 2023

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23321727

    $2,500

    Price

  • Oct 15, 2023

    Date

    Active

    CRMLS: 23321727

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Hollywood home: 2-bedroom, 1-bathroom apartment with new appliances (stove and refrigerator), individual A/C units, and hardwood floors. Includes one covered parking space. Spacious and partially updated with classic charm. Laundry facilities are available in the common area. Welcome to the heart of Hollywood!

  • August, 2023

  • Aug 16, 2023

    Date

    Leased

    CRMLS: 22226897

    $2,500

    Price

  • Dec 22, 2022

    Date

    Active

    CRMLS: 22226897

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Hollywood Cute bungalows style 10 units Apartment in a unique garden setting. 2 Bed, 1 Bath Unit is updated.New PaintNew Kitchen cabinetNew Wood floorCeiling fanEach separately metered. Great commuter location and a short walk to Hollywood and Vine Metro Station. Walking distance to restaurants and local nightlife. Secured perimeter gate helps make grounds safe.Quiet street. Pleasant neighborhood.Renter is responsible for gas and electricity.

  • August, 2023

  • Aug 10, 2023

    Date

    Leased

    CRMLS: 23280075

    $2,200

    Price

  • Jun 12, 2023

    Date

    Active

    CRMLS: 23280075

    $2,195

    Price

  • Listing provided courtesy of CRMLS

  • September, 2022

  • Sep 14, 2022

    Date

    Sold

    CRMLS: EV22029331

    $3,155,000

    Price

  • Mar 8, 2022

    Date

    Active

    CRMLS: EV22029331

    $3,499,000

    Price

  • April, 2021

  • Apr 15, 2021

    Date

    Active

    CRMLS: EV21079475

    $3,499,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED $501,000 !! Extraordinary cute bungalows (separate units and duplexes) in a unique garden setting. 10 units total in the heart of high rent-demand Hollywood. Each separately metered. Great commuter location and a short walk to Hollywood and Vine Metro Station. Walking distance to restaurants and local nightlife. Secured perimeter gate helps make grounds safe for children’s play. Quiet street. Pleasant neighborhood. Please do not disturb tenants or sellers. Shown on accepted offers only. Can be purchased individually or as part of a seven-property portfolio (see attached Offering Memoranda for this individual property and the portfolio of five properties).

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: EV20198809

    $3,499,000

    Price

  • Feb 13, 2021

    Date

    Price Change

    CRMLS: EV20198809

    $3,499,000

    Price

  • Nov 29, 2020

    Date

    Price Change

    CRMLS: EV20198809

    $3,700,000

    Price

  • Sep 23, 2020

    Date

    Active

    CRMLS: EV20198809

    $3,999,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED $501,000 !! Extraordinary cute bungalows (separate units and duplexes) in a unique garden setting. 10 units total in the heart of high rent-demand Hollywood. Each separately metered. Great commuter location and a short walk to Hollywood and Vine Metro Station. Walking distance to restaurants and local nightlife. Secured perimeter gate helps make grounds safe for children’s play. Quiet street. Pleasant neighborhood. Please do not disturb tenants. Shown on accepted offers only. Can be purchased individually or as part of a seven-property portfolio (see attached Offering Memoranda for this individual property and the portfolio of seven properties). $3,499,000

  • October, 1999

  • Oct 29, 1999

    Date

    Sold (Public Records)

    Public Records

    $199,000

    Price

Show More

Tax History for 1402 N Las Palmas Ave

Assessed Value (2020): $407,540
Year Land Value Improved Value Assessed Value
2020 $330,254 $77,286 $407,540

Home Value Compared to the Market

This property vs the competition

1402 N Las Palmas Ave sold on September 14, 2022 for 194.03% 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 $698.82 per/sqft which puts the price per square foot 7.44% lower than the current median sale per square foot for the city of Los Angeles.

About 1402 N Las Palmas Ave

Detailed summary of property

1402 N Las Palmas Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 13 bedrooms, 10 bathrooms, roughly 5,007 living square feet, and sits on an approximately 10,730 square foot lot. 1402 N Las Palmas Ave was first listed on ArdentRealEstateGroup.com on March 9, 2022. The homeowner sold the property for $3,155,000. 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 194.03% higher than the current median priced home. Local homes that are currently for sale include 642 N Hayworth Ave, 358 N Ogden Dr and 5380 Romaine St. While the average home in Los Angeles, CA is selling in 93 days, 1402 N Las Palmas Ave has a days on market of 174 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 1402 N Las Palmas Ave 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 1402 N Las Palmas Ave

Public county record property details
Beds
8
Baths
10
Year built
1921
Sq. Ft.
5,007
Lot Size
10,729
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
50,51
APN
5547-023-022

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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1402 N Las Palmas Ave

Nearby Homes for Sale

1252 N Mansfield Ave, Los Angeles, CA 90038
$2,875,000
11 Beds
8 Baths
6750 Sq.Ft.
1252 N Mansfield Ave
Los Angeles, CA 90038
1974 Hillcrest Rd, Los Angeles, CA 90068
$3,295,000
7 Beds
10 Baths
3109 Sq.Ft.
1974 Hillcrest Rd
Los Angeles, CA 90068
444 N Lucerne Blvd, Los Angeles, CA 90004
$3,495,000
6 Beds
6 Baths
5560 Sq.Ft.
444 N Lucerne Blvd
Los Angeles, CA 90004
5700 La Mirada Ave, Los Angeles, CA 90038
$2,890,000
14 Beds
14 Baths
8445 Sq.Ft.
5700 La Mirada Ave
Los Angeles, CA 90038
5662 Fountain Ave, Los Angeles, CA 90028
$2,695,000
10 Beds
8 Baths
6020 Sq.Ft.
5662 Fountain Ave
Los Angeles, CA 90028
Open Sun 3pm-6pm
116-118 S Mansfield Ave, Los Angeles, CA 90036
$2,999,999
6 Beds
4 Baths
4943 Sq.Ft.
116-118 S Mansfield Ave
Los Angeles, CA 90036
2640 N Beachwood Dr, Los Angeles, CA 90068
$2,695,000
24 Beds
20 Baths
6120 Sq.Ft.
2640 N Beachwood Dr
Los Angeles, CA 90068
434 N Ogden Dr, Los Angeles, CA 90036
$2,995,000
8 Beds
6 Baths
5222 Sq.Ft.
434 N Ogden Dr
Los Angeles, CA 90036
434 N Ogden Dr, Los Angeles, CA 90036
$2,995,000
8 Beds
6 Baths
5222 Sq.Ft.
434 N Ogden Dr
Los Angeles, CA 90036
1802 N Western Ave, Los Angeles, CA 90027
$2,695,000
10 Beds
10 Baths
6660 Sq.Ft.
1802 N Western Ave
Los Angeles, CA 90027
220 S Poinsettia Pl, Los Angeles, CA 90036
$2,845,000
6 Beds
8 Baths
5854 Sq.Ft.
220 S Poinsettia Pl
Los Angeles, CA 90036
648 N Hayworth Ave, Los Angeles, CA 90048
$2,850,000
12 Beds
13 Baths
7392 Sq.Ft.
648 N Hayworth Ave
Los Angeles, CA 90048

Recently Sold Homes Near 1402 N Las Palmas Ave

6669 De Longpre Ave, Los Angeles, CA 90028
$1,417,500 Last Sold Price
6 Beds
4 Baths
3380 Sq.Ft.
6669 De Longpre Ave
Los Angeles, CA 90028
1351 N Mccadden Pl, Los Angeles, CA 90028
$1,300,000 Last Sold Price
4 Beds
2 Baths
1742 Sq.Ft.
1351 N Mccadden Pl
Los Angeles, CA 90028
1335 N Mccadden Pl, Los Angeles, CA 90028
$1,800,000 Last Sold Price
14 Beds
11 Baths
-- Sq.Ft.
1335 N Mccadden Pl
Los Angeles, CA 90028
1327 N Mccadden Pl, Los Angeles, CA 90028
$1,500,000 Last Sold Price
2 Beds
5 Baths
1916 Sq.Ft.
1327 N Mccadden Pl
Los Angeles, CA 90028

Related Resources to 1402 N Las Palmas Ave

New Listings in 90028
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote