3625 Regal Pl, Los Angeles, CA 90068
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3625 Regal Pl Los Angeles, CA 90068

$4,995,000
  • 24 Beds
  • 18 Baths
  • 12,357 Sq.Ft.
Back Up Offer
$4,995,000 Get Pre-Qualified

Map preview of 3625 Regal Pl, Los Angeles, CA 90068

Property Overview: 3625 Regal Pl Los Angeles, CA has 24 bedrooms, 18 bathrooms, 12,357 living square feet and 11,763 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 for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli's and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential.

Listed by Robert Renshaw | BRE #01332831 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 11 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 37
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Home details

Lot Sq. Ft
11,763
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24370458
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,076
  • Total Rent: $3,076
  • Pro Forma/Market Rent: $4,250
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,059
  • Total Rent: $4,117
  • Pro Forma/Market Rent: $7,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,808
  • Total Rent: $1,808
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,366
  • Total Rent: $11,829
  • Pro Forma/Market Rent: $17,500
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,036
  • Total Rent: $10,181
  • Pro Forma/Market Rent: $12,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: 13.42
  • Gross Scheduled Income: --
  • Net Operating Income: $225,475
  • Gross Operating Income: $362,520
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3625 Regal Pl

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 14
  • Parcel Number: 2425004025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Regal Pl at Cahuenga Blvd
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Sale History for 3625 Regal Pl

Last sold on February 19th, 2021
  • April, 2024

  • Apr 15, 2024

    Date

    Back Up Offer

    CRMLS: 24370458

    $4,995,000

    Price

  • Mar 18, 2024

    Date

    Active

    CRMLS: 24370458

    $4,995,000

    Price

  • February, 2021

  • Feb 19, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2020

  • Nov 19, 2020

    Date

    Leased

    CRMLS: 20650370

    $2,850

    Price

  • Oct 24, 2020

    Date

    Price Change

    CRMLS: 20650370

    $2,850

    Price

  • Oct 22, 2020

    Date

    Active

    CRMLS: 20650370

    $2,995

    Price

  • Listing provided courtesy of CRMLS

    Looking for a great place to live? The unit is nestled in the best location for Studio City. This a 2 bedroom unit is so spacious you won't believe it! Open floor plan and modern upgrades on the top floor! Once you walk up to your new home, you have an open floor kitchen into the living room looking out to the rooftop deck with the Hollywood Hills as a lovely backdrop surrounding a quiet neighborhood. The unit has stainless steel appliances including a dishwasher and an in-unit washer/dryer. The light fixtures for the entire unit are all modern. If you work in Hollywood, or in the valley this is a great option to lessen the commute time, since you're right in front of the 101 entrance! The building's cross street is Cahuenga, right across from you is Universal Studios! There is a wide variety of outdoor dining with popular restaurants like Poquito Mass, Mercado Hollywood, or enjoy a fun night at City Walk!

  • June, 2020

  • Jun 26, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3625 Regal Pl

Assessed Value (2020): $6,122,000
Year Land Value Improved Value Assessed Value
2020 $4,896,000 $1,226,000 $6,122,000

Home Value Compared to the Market

This property vs the competition

3625 Regal Pl is listed 299.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $404.22 per/sqft which puts the price per square foot 47.64% lower than the median price per square foot for the city of Los Angeles.

About 3625 Regal Pl

Detailed summary of property

3625 Regal Pl is a multi family located in Los Angeles, CA 90068 and is currently in escrow to be sold. This multi family property offers 24 bedrooms, 18 bathrooms, roughly 12,357 living square feet, and sits on an approximately 11,763 square foot lot. 3625 Regal Pl was first listed on ArdentRealEstateGroup.com on March 19, 2024. The homeowner is currently asking $4,995,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 299.92% higher than the median priced home. Local competing homes currently for sale include 7815 Melrose Ave, 6708 Willoughby Ave and 1042 Wilcox Ave. While the average home in Los Angeles, CA is selling in 97 days, 3625 Regal Pl has a days on market of 37 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 3625 Regal Pl 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 3625 Regal Pl

Public county record property details
Beds
--
Baths
19
Year built
1964
Sq. Ft.
12,357
Lot Size
11,763
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
59,60
APN
2425-004-025

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.