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3611 Cahuenga Blvd, Los Angeles, CA 90068
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3611 Cahuenga Blvd Los Angeles, CA 90068

$2,900,000 Sold Price as of 03/23/2023
  • 5 Beds
  • 3 Baths
  • 6,635 Sq.Ft.
Sold
$2,900,000 Sold Price as of 03/23/2023 Refinance Your Mortgage
Map preview of 3611 Cahuenga Blvd, Los Angeles, CA 90068

Property Overview: 3611 Cahuenga Blvd Los Angeles, CA has 5 bedrooms, 3 bathrooms, 6,635 living square feet and 8,308 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Constructed in 1960 and 1973 on a 8,308 square foot LAC2 lot, 3611 Cahuenga Boulevard is a mixed-use commercial property comprised of a spacious, vacant triplex above office spaces with views of the east San Fernando Valley. The well-maintained property is positioned in a high-traffic area thoroughfare of the Cahuenga Pass, it is separately metered for gas and electric, serviced by a central water heater, and offers 15 parking spaces (covered and uncovered). The zoning for the property allows for a diverse range of uses including office, retail, residential and mixed-use. 3611 Cahuenga Boulevard offers an ideal unit mix of one one-bedroom/one-bathroom unit, two two-bedroom/one-bathroom units, and five office units. All units have been renovated and offer updated electrical, hardwood and carpet flooring, updated kitchens and bathrooms, quartz countertops, stainless steel appliances (range, dishwasher, and microwave), new fixtures and hardware, new blinds, new crown molding and baseboards, recessed lighting, ample closet and storage space, and central air & heat. The upper units offer vaulted and exposed beam ceilings, and the lower two-bedroom unit offers a European combo washer and dryer. The office units offer laminate wood and carpet flooring, central air & heat, and select units have a restroom.

Listed by Priscilla Nee | BRE #01435254 | CB Richard Ellis, Inc.
Co-listed by Adam Peterson | BRE #01815802 | CB Richard Ellis, Inc.
Last checked: 15 minutes ago | Last updated: March 24th, 2023 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
8,308
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22224163
City
Los Angeles
County
Los Angeles
Time on Site
511 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,213
  • Total Rent: $11,067
  • Pro Forma/Market Rent: $11,490
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $5,700
  • Pro Forma/Market Rent: $5,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.54%
  • Gross Rent Multiplier: 11.44
  • Gross Scheduled Income: --
  • Net Operating Income: $145,534
  • Gross Operating Income: $217,934
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $3,800
  • New Taxes: $31,741
  • Trash: $3,132
  • Gardener: $3,360
  • Insurance: $3,649
  • Maintenance: $5,600
  • Professional Management: $10,897
  • Water/Sewer: $5,500
  • Other Expenses: $1,600

Property Details for 3611 Cahuenga Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Range
Interior Features
  • High Ceilings, Recessed Lighting
Exterior Features
Exterior Information
  • Roof: Other
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Covered, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 2425005039
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located west of the Hollywood Freeway (101)
View more facts & features

Local Los Angeles Agent

Sale History for 3611 Cahuenga Blvd

Last sold for $2,900,000 on March 23rd, 2023

  • March, 2023

  • Mar 23, 2023

    Date

    Sold

    CRMLS: 22224163

    $2,900,000

    Price

  • Dec 15, 2022

    Date

    Active

    CRMLS: 22224163

    $2,625,000

    Price

  • July, 2020

  • Jul 15, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2018

  • Oct 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3611 Cahuenga Blvd

Assessed Value (2020): $306,410
Year Land Value Improved Value Assessed Value
2020 $88,525 $217,885 $306,410

Home Value Compared to the Market

This property vs the competition

3611 Cahuenga Blvd sold on March 23, 2023 for 120.59% 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 $395.63 per/sqft which puts the price per square foot 47.6% lower than the current median sale per square foot for the city of Los Angeles.

About 3611 Cahuenga Blvd

Detailed summary of property

3611 Cahuenga Blvd is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 6,635 living square feet, and sits on an approximately 8,308 square foot lot. 3611 Cahuenga Blvd was first listed on ArdentRealEstateGroup.com on December 15, 2022. The homeowner sold the property for $2,900,000. 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 120.59% higher than the current median priced home. Local homes that are currently for sale include 434 N Ogden Dr, 434 N Ogden Dr and 440 N Harper Ave. While the average home in Los Angeles, CA is selling in 94 days, 3611 Cahuenga Blvd has a days on market of 36 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 3611 Cahuenga Blvd 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 3611 Cahuenga Blvd

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
6,635
Lot Size
8,308
Stories
1
Type
Hotel
Pool
Yes
Spa
No
County
Los Angeles
Lot#
7-9
APN
2425-005-039

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
$2,095,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$2,100,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
158
Median Sale to List Price %
112%
Avg Days on Market
31
Loan Type
Conventional (9.68%), FHA (3.23%), VA (0%), Cash (9.68%), Other (0%)

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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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