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1959 vista del mar, Los Angeles, CA 90068
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1959 vista del mar Los Angeles, CA 90068

$3,300,000 Sold Price as of 12/04/2019
  • 11 Beds
  • 14 Baths
  • 6,437 Sq.Ft.
Sold
$3,300,000 Sold Price as of 12/04/2019 Refinance Your Mortgage
Map preview of 1959 vista del mar, Los Angeles, CA 90068

Property Overview: 1959 vista del mar Los Angeles, CA has 11 bedrooms, 14 bathrooms, 6,437 living square feet and 6,219 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1959 Vista Del Mar is a new construction fourplex in an A+ Hollywood Hills location with a conservative projected cap rate of 5.26%! There have also been offers from “master lease” companies to rent all four units for as high as $19,000/month (which would bring you to a 5.36% cap rate). Enjoy the stress-free nature of owning a building with NO RENT CONTROL, low vacancy and little to no maintenance! Other perks include: jaw-dropping views of the LA skyline, a 1-year builder’s warranty, brand new EVERYTHING, and separate meters for gas, water & electric. In addition to having the most desirable layout (3-story townhouse style each with a private 2-car garage), the location is unsurpassable. It is situated at the base of the Hollywood Hills, steps north of trendy “Franklin Village” and minutes from Beachwood Canyon! This is the dream location because it offers a perfect balance between extreme walkability and close proximity to multi-million dollar Hills homes. Enjoy being steps from the famous, celebrity packed 101 Diner and Franklin Ave’s countless highly curated shops, restaurants and attractions, such as Bourgeois Pig, Birds, La Poubelle, and the Upright Citizen’s Brigade. The property is made up of two 3b/3.5b units, one 3b/3b unit, and one 2b/2.5b unit. The units feature private 2-car garages, top of the line appliances, balconies, high quality finishes, spacious floor plans and laundry hookups in unit.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,219
HOA Dues
$0/mo
Year built
2019
Garage
8 Car
Property Type:
Fourplex
Status
Sold
MLS#
BB19223720
City
Los Angeles
County
Los Angeles
Time on Site
1200 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: 14.68
  • Gross Scheduled Income: $224,400
  • Net Operating Income: $173,159
  • Gross Operating Income: $217,668
  • Vacancy Allowance: $6,732
Annual Expense Breakdown
  • Total Operating Expense: $44,509
  • Electric: $300
  • Gas/Fuel: $0
  • New Taxes: $39,309
  • Trash: $0
  • Gardener: $600
  • Insurance: $2,000
  • Maintenance: $2,000
  • Water/Sewer: $300

Virtual Tour

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Property Details for 1959 vista del mar

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Room Information
  • Flooring: Laminate
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Two Masters, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Interior Features
  • Balcony, High Ceilings, Open Floorplan, Recessed Lighting, Storage
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Excellent Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Front Yard, Landscaped, Level with Street, Level, Near Public Transit, Sprinklers Drip System, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey
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: On Vista Del Mar north of Franklin, at the base of the Hollywood Hills
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1959 vista del mar

Last leased for $4,400 on March 2nd, 2020

  • March, 2020

  • Mar 5, 2020

    Date

    Leased

    CRMLS: BB19272176

    $4,400

    Price

  • Feb 18, 2020

    Date

    Active

    CRMLS: BB19272176

    $4,400

    Price

  • Feb 13, 2020

    Date

    Withdrawn

    CRMLS: BB19272176

    $4,400

    Price

  • Nov 26, 2019

    Date

    Active

    CRMLS: BB19272176

    $4,400

    Price

  • Listing provided courtesy of CRMLS

    **BRAND NEW CONSTRUCTION TOWNHOMES FOR RENT** You get the best of both worlds! Live high enough in the Hollywood Hills to have gorgeous LA skyline views, yet close enough to Franklin Ave that you're WALKING DISTANCE to all the action in Hollywood and Franklin Village. You're down the street from Beachwood Canyon, you're one block from the heart of Franklin Village, and just a $5 Uber ride to Hollywood & Highland (the epicenter of LA)! Start every day with a coffee at the 101 Coffee Shop, work on your edgy new script at the Bourgeois Pig, grab a cocktail at Birds, and finish the night off with some laughs at the Upright Citizen's Brigade! You're less than a mile from Trader Joe's and Starbucks, and less than a minute from the 101 freeway so you can quickly get anywhere you need to go on either side of the hill. All this, and in the newest building on the block! Your brand new townhome comes with: - Huge private 2-car garage + room for storage - Top-of-the-line kitchens + brand new stainless steel appliances - Brand new IN-UNIT washer + dryer - Central air conditioning + heating - Bright, open floorplans w/ loads of natural light + entertaining space - Jaw-dropping views of the LA skyline - Brand new high-end flooring - "Very Walkable" Walk Score on walkscore.com

  • December, 2019

  • Dec 4, 2019

    Date

    Sold

    CRMLS: BB19223720

    $3,300,000

    Price

  • Sep 30, 2019

    Date

    Pending

    CRMLS: BB19223720

    $3,295,000

    Price

  • Sep 19, 2019

    Date

    Active

    CRMLS: BB19223720

    $3,295,000

    Price

  • October, 2019

  • Oct 8, 2019

    Date

    Canceled

    CRMLS: BB19222387

    $4,400

    Price

  • Sep 18, 2019

    Date

    Active

    CRMLS: BB19222387

    $4,400

    Price

  • Listing provided courtesy of CRMLS

    **BRAND NEW CONSTRUCTION TOWNHOMES FOR RENT** You get the best of both worlds! Live high enough in the Hollywood Hills to have gorgeous LA skyline views, yet close enough to Franklin Ave that you're WALKING DISTANCE to all the action in Hollywood and Franklin Village. You're down the street from Beachwood Canyon, you're one block from the heart of Franklin Village, and just a $5 Uber ride to Hollywood & Highland (the epicenter of LA)! Start every day with a coffee at the 101 Coffee Shop, work on your edgy new script at the Bourgeois Pig, grab a cocktail at Birds, and finish the night off with some laughs at the Upright Citizen's Brigade! You're less than a mile from Trader Joe's and Starbucks, and less than a minute from the 101 freeway so you can quickly get anywhere you need to go on either side of the hill. All this, and in the newest building on the block! Your brand new townhome comes with: - Huge private 2-car garage + room for storage - Top-of-the-line kitchens + brand new stainless steel appliances - Brand new IN-UNIT washer + dryer - Central air conditioning + heating - Bright, open floorplans w/ loads of natural light + entertaining space - Jaw-dropping views of the LA skyline - Brand new high-end flooring - "Very Walkable" Walk Score on walkscore.com - All in the hottest neighborhood of LA

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Tax History for 1959 vista del mar

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1959 vista del mar sold on December 4, 2019 for 213.81% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $511.88 per/sqft which puts the price per square foot 30.64% lower than the current median sale per square foot for the city of Los Angeles.

About 1959 vista del mar

Detailed summary of property

1959 vista del mar is a fourplex that recently sold in Los Angeles, CA 90068. This fourplex offered 11 bedrooms, 14 bathrooms, roughly 6,437 living square feet, and sits on an approximately 6,219 square foot lot. 1959 vista del mar was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,300,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 213.81% higher than the current median priced home. Local homes that are currently for sale include 5017 Institute Pl, 444 N Lucerne Blvd and 933 N Mariposa Ave. While the average home in Los Angeles, CA is selling in 97 days, 1959 vista del mar has a days on market of 7 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 1959 vista del mar Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1959 vista del mar

Public county record property details
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Year built
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Sq. Ft.
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Pool
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APN
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The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$1,238,000
Median Sold Price/Sq.Ft.
$787
Total Inventory
160
Median Sale to List Price %
104.47%
Avg Days on Market
49
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (3.85%), Other (3.85%)

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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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