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1627 N Poinsettia Pl, Los Angeles, CA 90046
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1627 N Poinsettia Pl Los Angeles, CA 90046

$5,495,000
  • 22 Beds
  • 24 Baths
  • 14,817 Sq.Ft.
For Sale
$5,495,000 Get Pre-Qualified
Map preview of 1627 N Poinsettia Pl, Los Angeles, CA 90046

Property Overview: 1627 N Poinsettia Pl Los Angeles, CA has 22 bedrooms, 24 bathrooms, 14,817 living square feet and 8,439 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 14 minutes ago | Last updated: March 5th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
8,439
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24362583
City
Los Angeles
County
Los Angeles
Time on Site
59 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,022
  • Total Rent: $2,043
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $22,708
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,559
  • Total Rent: $10,235
  • Pro Forma/Market Rent: $3,075
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: 12.98
  • Gross Scheduled Income: --
  • Net Operating Income: $250,841
  • Gross Operating Income: $410,841
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1627 N Poinsettia Pl

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Subterranean, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 20
  • Parcel Number: 5548009033
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Sunset Blvd. & West La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1627 N Poinsettia Pl

Last sold for $5,425,000 on May 15th, 2015

  • February, 2024

  • Feb 26, 2024

    Date

    Active

    CRMLS: 24362583

    $5,495,000

    Price

  • May, 2015

  • May 15, 2015

    Date

    Sold (Public Records)

    Public Records

    $5,425,000

    Price

  • December, 2013

  • Dec 18, 2013

    Date

    Sold (Public Records)

    Public Records

    $4,120,041

    Price

Show More

Tax History for 1627 N Poinsettia Pl

Assessed Value (2020): $5,965,902
Year Land Value Improved Value Assessed Value
2020 $4,395,756 $1,570,146 $5,965,902

Home Value Compared to the Market

This property vs the competition

1627 N Poinsettia Pl is listed 339.95% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $370.86 per/sqft which puts the price per square foot 51.96% lower than the median price per square foot for the city of Los Angeles.

About 1627 N Poinsettia Pl

Detailed summary of property

1627 N Poinsettia Pl is a multi family located in Los Angeles, CA 90046 and is currently for sale. This multi family property offers 22 bedrooms, 24 bathrooms, roughly 14,817 living square feet, and sits on an approximately 8,439 square foot lot. 1627 N Poinsettia Pl was first listed on ArdentRealEstateGroup.com on February 27, 2024. The homeowner is currently asking $5,495,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 339.95% higher than the median priced home. Local competing homes currently for sale include 955 N Croft Ave, 211 S Poinsettia Pl and 650 S La Jolla Ave. While the average home in Los Angeles, CA is selling in 97 days, 1627 N Poinsettia Pl has a days on market of 49 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1627 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 1627 N Poinsettia Pl

Public county record property details
Beds
18
Baths
--
Year built
1965
Sq. Ft.
14,817
Lot Size
8,436
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
5548-009-033

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
$1,995,000
Median List Price/Sq.Ft.
$918
Median Sold Price
$1,800,000
Median Sold Price/Sq.Ft.
$766
Total Inventory
206
Median Sale to List Price %
100.56%
Avg Days on Market
52
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (4.55%), Other (9.09%)

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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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