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2825 S Sepulveda Blvd, Los Angeles, CA 90064
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2825 S Sepulveda Blvd Los Angeles, CA 90064

$4,150,000 Sold Price as of 01/02/2024
  • 21 Beds
  • 24 Baths
  • 10,860 Sq.Ft.
Sold
$4,150,000 Sold Price as of 01/02/2024 Refinance Your Mortgage
Map preview of 2825 S Sepulveda Blvd, Los Angeles, CA 90064

Property Overview: 2825 S Sepulveda Blvd Los Angeles, CA has 21 bedrooms, 24 bathrooms, 10,860 living square feet and 15,140 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime West LA location and excellent value-add opportunity! This 18-unit Palms multifamily asset offers savvy investors significant upside potential through its unique layout, below-market rents, and ADU development options. Acquired by a university focused on academics rather than profits, this property has been undermanaged for years. As a result, at least 4 units will be delivered vacant a major advantage in rent-controlled Los Angeles. Bring your expertise to unlock immense value by increasing rents to market rates. With an ideal mix of 4 bachelors*, 10 one-bedrooms, 4 two-bedrooms, and 1 three-bedroom unit (*1 non-conforming bachelor) the property caters perfectly to LA's high demand for studios and one-bedrooms. The 3 garages present a low-cost, high-reward ADU conversion opportunity. Adding 2x 207 sq ft units at $1,750 per month each could provide over $600,000 in additional property value! Explore options to optimize and improve. This boutique 10,860 sq ft building includes desirable amenities like abundant parking and sits on a spacious 15,140 sq ft lot. The prime Palms location provides walkable access to restaurants, shopping, entertainment, and quick freeway access. LA's strong multifamily fundamentals, with rising population and shrinking household sizes, further enhance the opportunity. Don't miss this rare chance to acquire an underperforming property primed for optimization to its full potential. Bring your vision to unlock immense upside in the heart of desirable West LA!

Listed by C. Wolf Baschung | BRE #01369850 | MW Real Estate
Last checked: 13 minutes ago | Last updated: January 3rd, 2024 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
15,140
HOA Dues
$0/mo
Year built
1958
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
23321599
City
Los Angeles
County
Los Angeles
Time on Site
209 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,708
  • Total Rent: $6,832
  • Pro Forma/Market Rent: $11,200
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,597
  • Total Rent: $15,970
  • Pro Forma/Market Rent: $20,000
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,336
  • Total Rent: $5,344
  • Pro Forma/Market Rent: $5,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: 13.35
  • Gross Scheduled Income: --
  • Net Operating Income: $219,070
  • Gross Operating Income: $364,217
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2825 S Sepulveda Blvd

Interior Features
Room Information
  • Flooring: Laminate, Carpet
Kitchen Information
  • Has Appliances
  • Oven, Range, Gas Cooktop
Interior Features
  • Levels: Two
  • Security Features: Resident Manager
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Carport, RV Potential, Garage - Single Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 4251002006
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: 10 Freeway going west, exit #4 to Overland Ave, to National Blvd, turn right onto S Sepulveda Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2825 S Sepulveda Blvd

Last sold for $4,150,000 on January 2nd, 2024

  • January, 2024

  • Jan 2, 2024

    Date

    Sold

    CRMLS: 23321599

    $4,150,000

    Price

  • Oct 14, 2023

    Date

    Active

    CRMLS: 23321599

    $4,995,000

    Price

  • August, 2005

  • Aug 26, 2005

    Date

    Sold (Public Records)

    Public Records

    $2,450,000

    Price

  • August, 2003

  • Aug 7, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,970,000

    Price

Show More

Tax History for 2825 S Sepulveda Blvd

Assessed Value (2020): $3,066,714
Year Land Value Improved Value Assessed Value
2020 $2,436,655 $630,059 $3,066,714

Home Value Compared to the Market

This property vs the competition

2825 S Sepulveda Blvd sold on January 2, 2024 for 319.75% 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 $459.94 per/sqft which puts the price per square foot 39.08% lower than the current median sale per square foot for the city of Los Angeles.

About 2825 S Sepulveda Blvd

Detailed summary of property

2825 S Sepulveda Blvd is a multi family that recently sold in Los Angeles, CA 90064. This multi family property offered 21 bedrooms, 24 bathrooms, roughly 10,860 living square feet, and sits on an approximately 15,140 square foot lot. 2825 S Sepulveda Blvd was first listed on ArdentRealEstateGroup.com on October 14, 2023. The homeowner sold the property for $4,150,000. 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 319.75% higher than the current median priced home. Local homes that are currently for sale include 1234 S Saltair Ave, 12420 Greene Ave and 1453 S Beverly Dr. While the average home in Los Angeles, CA is selling in 93 days, 2825 S Sepulveda Blvd has a days on market of 58 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 2825 S Sepulveda Blvd Los Angeles, CA 90064 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2825 S Sepulveda Blvd

Public county record property details
Beds
--
Baths
20
Year built
1958
Sq. Ft.
10,860
Lot Size
15,140
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
1
APN
4251-002-006

The source for these homes facts are from public records.

90064 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,149,000
Median List Price/Sq.Ft.
$997
Median Sold Price
$1,521,000
Median Sold Price/Sq.Ft.
$976
Total Inventory
61
Median Sale to List Price %
101.4%
Avg Days on Market
37
Loan Type
Conventional (14.29%), FHA (4.76%), VA (0%), Cash (0%), Other (9.52%)

Thinking of Selling?

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(714) 706-1823

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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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