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3650 Monon St, Los Feliz, CA 90027
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3650 Monon St Los Feliz, CA 90027

$5,600,000 Sold Price as of 12/06/2023
  • 31 Beds
  • 30.5 Baths
  • 19,503 Sq.Ft.
Sold
$5,600,000 Sold Price as of 12/06/2023 Refinance Your Mortgage
Map preview of 3650 Monon St, Los Feliz, CA 90027

Property Overview: 3650 Monon St Los Feliz, CA has 31 bedrooms, 30.5 bathrooms, 19,503 living square feet and 14,099 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price reduced by $675,000. This building includes 20 Units in the Los Feliz Silver-Lake area! The offering provides investors with a unique opportunity to acquire twenty units in a premier Los Angeles rental market with meaningful long-term capital appreciation. 3650 Monon Drive is ideally located in Los Feliz (border of Silver Lake) nearby to many neighborhood hotspots! It features an ideal unit composition of 2 large three Bedrooms, 8 two Bedrooms, 2 one Bedroom, and 1 Single unit. The units offer many original details featured from 1960s construction such as original windows with beautiful natural light coming in. This building includes elevators, a washer/dryer room, and some of the units have been remodeled. 13.18 GRM, $300,000 per Unit, and Trust Sale. All units are currently rented out with the opportunity to increase rent prices. The location is ideal for renters looking to live in the beautiful and fun Silver Lake market! Silver Lake attracts young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 3650 Monon Drive is a short walk from many happening coffee shops and dining options and a short drive to Downtown LA and Hollywood!

Listed by Arthur Mangassarian | BRE #00751703 | Re/Max Tri-City Realty
Last checked: 3 minutes ago | Last updated: December 8th, 2023 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
14,099
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
GD23041106
City
Los Feliz
County
Los Angeles
Time on Site
402 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 2
  • # of Leased Units: 20
  • # of Electric Meters: 21
  • # of Gas Meters: 21
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,255
  • Total Rent: $15,255
  • Pro Forma/Market Rent: $19,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,900
  • Total Rent: $5,900
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $13,300
  • Total Rent: $13,300
  • Pro Forma/Market Rent: $16,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.82
  • Gross Scheduled Income: $455,364
  • Net Operating Income: $270,847
  • Gross Operating Income: --
  • # of Rented Garages: 20
  • Garage Rental Rate: $0
Annual Expense Breakdown
  • Total Operating Expense: $174,510
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $7,200
  • Gardener: $3,360
  • Insurance: $6,000
  • Professional Management: $21,000
  • Water/Sewer: $18,000

Property Details for 3650 Monon St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 5433026038
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Hyperian South turn right on Monon
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Feliz Agent

Sale History for 3650 Monon St

Last sold for $5,600,000 on December 6th, 2023

  • December, 2023

  • Dec 6, 2023

    Date

    Sold

    CRMLS: GD23041106

    $5,600,000

    Price

  • Mar 14, 2023

    Date

    Active

    CRMLS: GD23041106

    $6,750,000

    Price

Tax History for 3650 Monon St

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

3650 Monon St sold on December 6, 2023 for 133.01% higher than the current median sold price for the city of Los Feliz which is $2,575,000. The median sold price per/sqft for Los Feliz is $952 and this home is sold at $307.64 per/sqft which puts the price per square foot 67.68% lower than the current median sale per square foot for the city of Los Feliz.

About 3650 Monon St

Detailed summary of property

3650 Monon St is a apartment that recently sold in Los Feliz, CA 90027. This apartment offered 31 bedrooms, 30.5 bathrooms, roughly 19,503 living square feet, and sits on an approximately 14,099 square foot lot. 3650 Monon St was first listed on ArdentRealEstateGroup.com on March 14, 2023. The homeowner sold the property for $5,600,000. Home in Los Feliz are selling for a median price of $2,575,000 and a median price per square foot of $952. Based on Ardent Real Estate Group's Los Feliz Market Data, this home is sold 133.01% higher than the current median priced home. Local homes that are currently for sale include 1042 Wilcox Ave, 1445 N Avenue 47 and 927 S Ardmore Ave. While the average home in Los Feliz, CA is selling in 309 days, 3650 Monon St has a days on market of 69 days. There are currently 6 homes for sale in the Los Feliz real estate market and 6 of them are single family homes while 0 of them are condos and 0 are townhomes. For more information on this home for sale at 3650 Monon St Los Feliz, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Feliz agents.

Public Facts for 3650 Monon St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,450,000
Median List Price/Sq.Ft.
$984
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$885
Total Inventory
83
Median Sale to List Price %
102.7%
Avg Days on Market
24
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

Thinking of Selling?

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Related Resources to 3650 Monon St

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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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