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3143 Hollycrest Dr, Los Angeles, CA 90068
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3143 Hollycrest Dr Los Angeles, CA 90068

$1,500,000
  • 4 Beds
  • 4 Baths
  • 2,998 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 3143 Hollycrest Dr, Los Angeles, CA 90068

Property Overview: 3143 Hollycrest Dr Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,998 living square feet and 6,439 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: We are pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one vacant unrenovated unit that can be remodeled and rented out at market rate or occupied by an owner/user. Only one unit has been lightly renovated at this property, which boasts a tremendous opportunity for a new investor to add significant value to this property over the course of ownership. Units 1 and 2 are larger floorplans that are identical with larger living rooms and a dining area. Unit 2 and 3 are slightly smaller floorplans and have a dining area as well. Units 3 and 4 both come with high ceilings that allow for lots of light and a very spacious feel for tenants. Only one long-term tenant occupies this property, and their rent is over $2200 per month.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 108
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Home details

Lot Sq. Ft
6,439
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24346183
City
Los Angeles
County
Los Angeles
Time on Site
106 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,225
  • Total Rent: $2,225
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.98%
  • Gross Rent Multiplier: 14.01
  • Gross Scheduled Income: --
  • Net Operating Income: $74,765
  • Gross Operating Income: $104,300
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3143 Hollycrest Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5579039015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: heading north on Barham Blvd, make a right at Lake Hollywood Dr, right at Primera. Property will be on the right hand side the fork in the road.
View more facts & features

Local Los Angeles Agent

Sale History for 3143 Hollycrest Dr

Last leased for $1,995 on August 10th, 2021

  • January, 2024

  • Jan 10, 2024

    Date

    Active

    CRMLS: 24346183

    $1,600,000

    Price

  • August, 2021

  • Aug 10, 2021

    Date

    Leased

    CRMLS: 21757640

    $1,995

    Price

  • Jul 7, 2021

    Date

    Active

    CRMLS: 21757640

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    1 BEDROOM + 1 BATHROOM in Prime HOLLYWOOD HILLS location. Charming Hillside 4-Plex, 1-CAR PARKING + Street Parking, Large Private Balcony, Fenced Patio Area, Laundry On-Site, Pet Friendly, Huge Living Room Windows w/Views, Hardwood Flooring, Bright & Spacious Unit, Air Conditioning, Kitchen Appliances Included, Abundant Closet Space, 2 Ceiling Fans, Water Paid by Owner.

  • April, 2021

  • Apr 24, 2021

    Date

    Sold

    CRMLS: 20655294

    $1,425,000

    Price

  • Mar 16, 2021

    Date

    Active Under Contract

    CRMLS: 20655294

    $1,500,000

    Price

  • Jan 28, 2021

    Date

    Price Change

    CRMLS: 20655294

    $1,500,000

    Price

  • Dec 2, 2020

    Date

    Price Change

    CRMLS: 20655294

    $1,600,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: 20655294

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one fully renovated vacant unit that can be rented out at market rate or occupied by an owner/user. This property qualifies for residential financing and will allow an investor to benefit from 30-year fixed interest rates and favorable loan terms.

  • July, 2019

  • Jul 23, 2019

    Date

    Canceled

    CRMLS: 19483558

    $2,495

    Price

  • Jul 2, 2019

    Date

    Active

    CRMLS: 19483558

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Excellent Hollywood Hills Location! Rent w/privacy in this hillside four unit building. Airy and bright w/ beautifully updated kitchen with dishwasher. Granite topped bath with very cool vanity. Large living room with lovely hardwood floors. Dining area leads to a private balcony. Spacious rooms w/loads of closet space. On-site laundry. 1 car parking included + plenty of street parking. Air Conditioning. Easy to show and available now. Easy access to Runyon Canyon, Universal Studios.

  • April, 2019

  • Apr 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $345,500

    Price

  • May, 2018

  • May 29, 2018

    Date

    Sold

    CRMLS: 214028032

    $985,000

    Price

  • Listing provided courtesy of CRMLS

    Hollywood Hills Apartment Building. Mid-Century Cool. Four large, one bedroom/one bathroom apartments each with its own over sized balcony. Hardwood floors lots of storage and closet space. All units have great rents and are separately metered. Close to the Studios, Hollywood, Griffith Park and The Bowl.

  • October, 2014

  • Oct 15, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3143 Hollycrest Dr

Assessed Value (2020): $1,224,622
Year Land Value Improved Value Assessed Value
2020 $529,732 $694,890 $1,224,622

Home Value Compared to the Market

This property vs the competition

3143 Hollycrest Dr is listed 21.36% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $500.33 per/sqft which puts the price per square foot 35.27% lower than the median price per square foot for the city of Los Angeles.

About 3143 Hollycrest Dr

Detailed summary of property

3143 Hollycrest Dr is a multi family located in Los Angeles, CA 90068 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,998 living square feet, and sits on an approximately 6,439 square foot lot. 3143 Hollycrest Dr was first listed on ArdentRealEstateGroup.com on January 15, 2024. The homeowner is currently asking $1,500,000 and was originally asking $1,600,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.36% higher than the median priced home. Local competing homes currently for sale include 6410 La Mirada, 951 N Martel Ave and 6918 Willoughby Ave. While the average home in Los Angeles, CA is selling in 96 days, 3143 Hollycrest Dr has a days on market of 108 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 3143 Hollycrest Dr 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 3143 Hollycrest Dr

Public county record property details
Beds
4
Baths
4
Year built
1954
Sq. Ft.
2,998
Lot Size
6,439
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
5579-039-015

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.
$885
Median Sold Price
$1,238,000
Median Sold Price/Sq.Ft.
$787
Total Inventory
161
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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