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1836 Sichel St, Los Angeles, CA 90031
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1836 Sichel St Los Angeles, CA 90031

$18,000,000
  • 81 Beds
  • 81 Baths
  • 35,511 Sq.Ft.
For Sale
$18,000,000 Get Pre-Qualified
Map preview of 1836 Sichel St, Los Angeles, CA 90031

Property Overview: 1836 Sichel St Los Angeles, CA has 81 bedrooms, 81 bathrooms, 35,511 living square feet and 15,556 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: Discover an exceptional investment opportunity in the heart of Los Angeles! This modern 27-units apartment complex is ideally offering unparalleled convenience and accessibility. The property boasts a contemporary design with high-quality finishes, catering to the needs of today’s discerning tenants. This fully-leased complex ensures immediate and stable cash flow. Each unit is thoughtfully designed to maximize space and comfort, making it a sought-after residence for professionals and students alike. Don’t miss out on this turnkey investment in one of LA’s most vibrant and growing neighborhoods!

Listed by Wenjia Li | BRE #02004684 | Pinnacle Real Estate Group
Last checked: 2 minutes ago | Last updated: August 17th, 2024 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
15,556
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Apartment
Status
Active
MLS#
AR24170222
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 27
  • Total # of Buildings: 1
  • # of Leased Units: 27
  • # of Electric Meters: 27
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,655
  • Total Rent: $2,655
  • Pro Forma/Market Rent: $2,655
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,695
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,855
  • Total Rent: $8,586
  • Pro Forma/Market Rent: $8,586
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $8,685
  • Pro Forma/Market Rent: $8,685
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $8,850
  • Pro Forma/Market Rent: $8,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,976
  • Total Rent: $2,976
  • Pro Forma/Market Rent: $2,976
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,999
  • Total Rent: $2,999
  • Pro Forma/Market Rent: $2,999
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 10
  • # of Units: 5
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,050
  • Total Rent: $15,250
  • Pro Forma/Market Rent: $15,250
Unit Breakdown 11
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,097
  • Total Rent: $3,291
  • Pro Forma/Market Rent: $3,291
Unit Breakdown 12
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,825
  • Total Rent: $5,675
  • Pro Forma/Market Rent: $5,675
Unit Breakdown 13
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,025
  • Total Rent: $3,025
  • Pro Forma/Market Rent: $3,025
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.3%
  • Gross Rent Multiplier: 23
  • Gross Scheduled Income: $776,203
  • Net Operating Income: $596,089
  • Gross Operating Income: $776,203
  • Laundry Income: $12,211
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $180,114
  • Electric: $13,752
  • Gas/Fuel: $10,433
  • Trash: $12,323
  • Insurance: $10,000
  • Professional Management: $31,067
  • Water/Sewer: $18,946

Open Houses for 1836 Sichel St

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Property Details for 1836 Sichel St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Community Structure, Concrete, Electric Vehicle Charging Station(s)
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Plans
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 27
  • Parcel Number: 5210013029
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Main st and Sichel St
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1836 Sichel St

Last sold for $170,000 on April 10th, 2014

  • August, 2024

  • Aug 16, 2024

    Date

    Active

    CRMLS: AR24170222

    $18,000,000

    Price

  • April, 2014

  • Apr 10, 2014

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

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Tax History for 1836 Sichel St

Assessed Value (2020): $6,868,404
Year Land Value Improved Value Assessed Value
2020 $2,387,718 $4,480,686 $6,868,404

Home Value Compared to the Market

This property vs the competition

1836 Sichel St is listed 1400% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $506.89 per/sqft which puts the price per square foot 33.83% lower than the median price per square foot for the city of Los Angeles.

About 1836 Sichel St

Detailed summary of property

1836 Sichel St is a apartment located in Los Angeles, CA 90031 and is currently for sale. This apartment offers 81 bedrooms, 81 bathrooms, roughly 35,511 living square feet, and sits on an approximately 15,556 square foot lot. 1836 Sichel St was first listed on ArdentRealEstateGroup.com on August 16, 2024. The homeowner is currently asking $18,000,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1400% higher than the median priced home. While the average home in Los Angeles, CA is selling in 104 days, 1836 Sichel St has a days on market of 28 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 1836 Sichel St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1836 Sichel St

Public county record property details
Beds
--
Baths
--
Year built
2018
Sq. Ft.
29,244
Lot Size
15,551
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,12
APN
5210-013-029

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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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