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1424 N Poinsettia Pl, Los Angeles, CA 90046
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1424 N Poinsettia Pl Los Angeles, CA 90046

$6,000,000 Sold Price as of 12/01/2023
  • 36 Beds
  • 36 Baths
  • 22,251 Sq.Ft.
Sold
$6,000,000 Sold Price as of 12/01/2023 Refinance Your Mortgage
Map preview of 1424 N Poinsettia Pl, Los Angeles, CA 90046

Property Overview: 1424 N Poinsettia Pl Los Angeles, CA has 36 bedrooms, 36 bathrooms, 22,251 living square feet and 12,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire a value-add multifamily property located in the West Hollywood/Hollywood submarket of Los Angeles. This charming property is located at 1424 N. Poinsettia Place and is comprised of 24 units across +/- 22,251 square feet of improvements and +/- 12,632 square feet of land. The Poinsettia Place Apartments is conveniently located on Poinsettia Place, just south of Sunset Blvd., between La Brea Ave. and Martel Ave., north of Fountain Ave. Built in 1965, the property is made up of 12 One-Bedroom / One-Bath units, and 12 Two-Bedroom / Two-Bath units. The quiet and picturesque street makes the building highly desirable to potential tenants. The building is individually metered for electricity and master metered for water and gas for the central water heater. Ample 40 space covered parking is accessed via gated entry. Great location in Los Angeles borders West Hollywood. Tenants can easily enjoy all of the work, dining, and entertainment opportunities nearby. The new ownership can renovate, remodel and reposition units as the units turn capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of nearby hotel renovations and development projects completed. Please contact agents for full offering memorandum.

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Last checked: 14 minutes ago | Last updated: December 1st, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
12,501
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23323887
City
Los Angeles
County
Los Angeles
Time on Site
202 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,499
  • Total Rent: $27,540
  • Pro Forma/Market Rent: $17,988
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,659
  • Total Rent: $19,908
  • Pro Forma/Market Rent: $34,740
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.24
  • Gross Scheduled Income: --
  • Net Operating Income: $259,934
  • Gross Operating Income: $463,298
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1424 N Poinsettia Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 40
  • Has Parking
  • Parking Features: Community Structure
Property Information
  • Total # of Units: 24
  • Parcel Number: 5548019033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Just West of La Brea Blvd and just South of Sunset Blvd and North of Fountain. A True Prime Location.
View more facts & features

Local Los Angeles Agent

Sale History for 1424 N Poinsettia Pl

Last sold for $6,000,000 on December 1st, 2023

  • December, 2023

  • Dec 1, 2023

    Date

    Sold

    CRMLS: 23323887

    $6,000,000

    Price

  • Oct 20, 2023

    Date

    Active

    CRMLS: 23323887

    $7,300,000

    Price

  • May, 2015

  • May 4, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2007

  • Nov 1, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1424 N Poinsettia Pl

Assessed Value (2020): $976,514
Year Land Value Improved Value Assessed Value
2020 $136,723 $839,791 $976,514

Home Value Compared to the Market

This property vs the competition

1424 N Poinsettia Pl sold on December 1, 2023 for 513.45% 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 $328.08 per/sqft which puts the price per square foot 56.55% lower than the current median sale per square foot for the city of Los Angeles.

About 1424 N Poinsettia Pl

Detailed summary of property

1424 N Poinsettia Pl is a multi family that recently sold in Los Angeles, CA 90046. This multi family property offered 36 bedrooms, 36 bathrooms, roughly 22,251 living square feet, and sits on an approximately 12,501 square foot lot. 1424 N Poinsettia Pl was first listed on ArdentRealEstateGroup.com on October 20, 2023. The homeowner sold the property for $6,000,000. 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 513.45% higher than the current median priced home. Local homes that are currently for sale include 1002 N Mariposa Ave, 722 S Manhattan Pl and 927 S Ardmore Ave. While the average home in Los Angeles, CA is selling in 93 days, 1424 N Poinsettia Pl has a days on market of 42 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 1424 N Poinsettia Pl Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1424 N Poinsettia Pl

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
22,251
Lot Size
12,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5548-019-033

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,950,000
Median List Price/Sq.Ft.
$938
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
224
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

Thinking of Selling?

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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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