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4059 Mclaughlin Ave, Los Angeles, CA 90066
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4059 Mclaughlin Ave Los Angeles, CA 90066

$4,300,000 Sold Price as of 08/30/2023
  • 14 Beds
  • 14.5 Baths
  • 8,350 Sq.Ft.
Sold
$4,300,000 Sold Price as of 08/30/2023 Refinance Your Mortgage
Map preview of 4059 Mclaughlin Ave, Los Angeles, CA 90066

Property Overview: 4059 Mclaughlin Ave Los Angeles, CA has 14 bedrooms, 14.5 bathrooms, 8,350 living square feet and 7,678 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Two units to be delivered vcnt! Not LA City Rent Control - falls under AB1482. Built in 1984, 4059 McLaughlin Ave is trophy asset with oversized units! This is the perfect opportunity for any investor looking for a prime apartment building in one of the most sought-after neighborhoods on the Westside of Los Angeles. This 8,350 SF building boasts a spacious unit mix of (1) 2Bed+2.5Bath Townhouse, (4) 2Bed+2Bath and (4) 1Bed+1Bath units. Once the two vacancies are rented for market, the property will operate at a 4.41% CAP and 14.98 GRM. All units feature large open floorplans, on site laundry as well as private patios/decks. There are plenty of garage parking spaces, as well as parking. The subject property is located in an A+ location, just minutes from Downtown Culver City and Playa Vista, making it any renters ideal location to live. Many large tech companies have made home in local neighborhoods including Apple, HBO, Google, Sony, and Facebook.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 9 minutes ago | Last updated: August 30th, 2023 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft
7,678
HOA Dues
$0/mo
Year built
1984
Garage
19 Car
Property Type:
Apartment
Status
Sold
MLS#
SB23054533
City
Los Angeles
County
Los Angeles
Time on Site
410 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,525
  • Total Rent: $2,525
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,855
  • Total Rent: $2,855
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,745
  • Total Rent: $2,745
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,470
  • Total Rent: $2,470
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: 14.98
  • Gross Scheduled Income: $286,980
  • Net Operating Income: $189,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $88,571
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 4059 Mclaughlin Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 19
  • # of Parking Spaces: 19
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 4233008038
  • 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: Near corner of McLaughlin and Washington
Neighborhood Information
  • Community Features: Biking, Curbs, Golf, Hiking, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 4059 Mclaughlin Ave

Last sold for $4,300,000 on August 30th, 2023

  • August, 2023

  • Aug 30, 2023

    Date

    Sold

    CRMLS: SB23054533

    $4,300,000

    Price

  • Apr 10, 2023

    Date

    Active

    CRMLS: SB23054533

    $4,300,000

    Price

  • January, 1998

  • Jan 29, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4059 Mclaughlin Ave

Assessed Value (2020): $1,858,322
Year Land Value Improved Value Assessed Value
2020 $464,572 $1,393,750 $1,858,322

Home Value Compared to the Market

This property vs the competition

4059 Mclaughlin Ave sold on August 30, 2023 for 261.34% 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 $514.97 per/sqft which puts the price per square foot 31.79% lower than the current median sale per square foot for the city of Los Angeles.

About 4059 Mclaughlin Ave

Detailed summary of property

4059 Mclaughlin Ave is a apartment that recently sold in Los Angeles, CA 90066. This apartment offered 14 bedrooms, 14.5 bathrooms, roughly 8,350 living square feet, and sits on an approximately 7,678 square foot lot. 4059 Mclaughlin Ave was first listed on ArdentRealEstateGroup.com on April 3, 2023. The homeowner sold the property for $4,300,000. 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 261.34% higher than the current median priced home. Local homes that are currently for sale include 8662 Cadillac Ave, 5700 Clemson St and 1561 S Carmelina Ave. While the average home in Los Angeles, CA is selling in 92 days, 4059 Mclaughlin Ave has a days on market of 103 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4059 Mclaughlin Ave Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4059 Mclaughlin Ave

Public county record property details
Beds
14
Baths
15
Year built
1984
Sq. Ft.
8,350
Lot Size
7,653
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4233-008-038

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
116
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 4059 Mclaughlin Ave

4077 Mclaughlin Ave, Los Angeles, CA 90066
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4077 Mclaughlin Ave
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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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