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3936 Kentucky Dr, Los Angeles, CA 90068
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3936 Kentucky Dr Los Angeles, CA 90068

$1,800,000 Sold Price as of 01/03/2020
  • 6 Beds
  • 6 Baths
  • 4,253 Sq.Ft.
Sold
$1,800,000 Sold Price as of 01/03/2020 Refinance Your Mortgage
Map preview of 3936 Kentucky Dr, Los Angeles, CA 90068

Property Overview: 3936 Kentucky Dr Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,253 living square feet and 7,483 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attractively priced 6 Units Conventiently located in close proximity to Universal City, Hollywood Bowl, Metro, public Trnasporation,Freeway and Studios. Fully occupied, current seller renovated the units through the years! Iconic Views of Universal City. Features of the apartment building are Central Air and Heat, Energy Efficient Dual Paine Windows, Upgraded Floors. Each unit have Stove. Six (6) 1 Bedroom 1 Bath, approx 708 SQFT each! View from the second floor units. Common area private backyard Garden for tenants enjoyment. Subject property is located on a serene upscale single family home street and is onSouth of Cahuenga, East of Lankershim, in close promimately to local attractions, coffee shops, cafes, fashion forward ships, Hollywood Hills East , Hollywood, Warner Brothers and Hollywood Bowl. The area is filled with young professionals is the best kept secret in this general area. Given the property's premium Hollywood HIlls, Studio City local and the strength of local apartment buildings, 3936 Kentucky is a great investment for an investor seeking strong long term returns and appreciation. Total Building size is 4253 SQFT on a 7483 SQFT land. This 6 Units is located in one of the premier housing markets in Southern CA.

Listed by Odette Peters | BRE #00879273 | Coldwell Banker Hallmark
Last checked: 11 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft
7,483
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
319003751
City
Los Angeles
County
Los Angeles
Time on Site
1204 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
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  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 3
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Unit Breakdown 4
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Unit Breakdown 5
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  • # of Beds: 0
  • # of Baths: 0
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Unit Breakdown 6
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 8
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
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Unit Breakdown 9
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 10
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 11
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Unit Breakdown 12
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Unit Breakdown 13
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.27%
  • Gross Rent Multiplier: 17.5
  • Gross Scheduled Income: $102,600
  • Net Operating Income: $81,600
  • Gross Operating Income: $81,600
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $21,000
  • Electric: $346
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $206
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $414
  • Maintenance: $255
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $346
  • Other Expenses: $0

Virtual Tour

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Property Details for 3936 Kentucky Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Electric, Forced Air
Fireplace Information
  • No Fireplace
Kitchen Information
  • Has Appliances
  • Gas & Electric Range, Range
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
Exterior Features
  • No Pool
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Concrete, Gravel, Uncovered
Lot Information
  • Lot Size Source: Public Records
Property Information
  • Has View
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 2425002020
  • Architectural Style: Mid Century Modern
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: Cross Streets: Lankershim/Cahuenga
  • Road Surface Type: Alley Paved
View more facts & features

Local Los Angeles Agent

Sale History for 3936 Kentucky Dr

Last sold for $1,800,000 on January 3rd, 2020

  • January, 2020

  • Jan 4, 2020

    Date

    Sold

    CRMLS: 319003751

    $1,800,000

    Price

  • Dec 17, 2019

    Date

    Pending

    CRMLS: 319003751

    $1,800,000

    Price

  • Sep 18, 2019

    Date

    Active

    CRMLS: 319003751

    $1,800,000

    Price

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,800,000

    Price

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2019

  • Mar 13, 2019

    Date

    Expired

    CRMLS: 18414924

    $1,890,000

    Price

  • Jan 15, 2019

    Date

    Price Change

    CRMLS: 18414924

    $1,890,000

    Price

  • Dec 11, 2018

    Date

    Active

    CRMLS: 18414924

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    ***MOTIVATED SELLER*** Charming 6-unit apartment building in the Hollywood Hills. Built in 1949, 3936 Kentucky Drive offers a qualified investor the opportunity to acquire a family-owned asset in the entertainment capital of the world.The +/-4,253 square-foot building on a +/-7,482 square-foot lot features all 1-bed/1-bath with new energy efficient dual-pane windows, upgraded floors, central air/heat, and water heaters. The second floor units boasts views of Universal Studios. There is parking for each unit and a common area patio in the rear. There is a good mix of tenants in the building with two being there over five years and the other four in the last three years. The building sits just across from Universal Studios on the west side of the 101, one block from Cahuenga Boulevard. With its proximity to Hollywood, Universal Studios, Warner Bros. Studios, and the Universal City/Studio City metro station, this property will command higher rents and be in high demand for years to come

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Tax History for 3936 Kentucky Dr

Assessed Value (2020): $1,768,680
Year Land Value Improved Value Assessed Value
2020 $1,404,540 $364,140 $1,768,680

Home Value Compared to the Market

This property vs the competition

3936 Kentucky Dr sold on January 3, 2020 for 71.43% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $423.23 per/sqft which puts the price per square foot 42.65% lower than the current median sale per square foot for the city of Los Angeles.

About 3936 Kentucky Dr

Detailed summary of property

3936 Kentucky Dr is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 4,253 living square feet, and sits on an approximately 7,483 square foot lot. 3936 Kentucky Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 71.43% higher than the current median priced home. Local homes that are currently for sale include 806 N Citrus Ave, 827 N Mccadden Pl and 454 N Genesee Ave. While the average home in Los Angeles, CA is selling in 96 days, 3936 Kentucky Dr has a days on market of 47 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 3936 Kentucky 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 3936 Kentucky Dr

Public county record property details
Beds
6
Baths
6
Year built
1949
Sq. Ft.
4,253
Lot Size
7,482
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
111
APN
2425-002-020

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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