4062 West Blvd Los Angeles, CA 90008

$2,500,000 Sold Price as of 11/17/2016

-- Beds
16 Baths
15,406 Sq.Ft.

Off Market

$2,500,000 Sold Price as of 11/17/2016 Refinance Your Mortgage

Map preview of 4062 West Blvd, Los Angeles, CA 90008

Property Overview: 4062 West Blvd Los Angeles, CA has -- bedrooms, 16 bathrooms, 15,406 living square feet and 21,710 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

4062 West Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,888. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,978 for the down payment and will need roughly $24,998 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 4062 West Blvd

Last sold for $2,500,000 on November 17th, 2016

January, 2024
Jan 18, 2024

Date

Expired

CRMLS: 23322507

$4,395,000

Price
Oct 17, 2023

Date

Active

CRMLS: 23322507

$4,395,000

Price
Listing provided courtesy of CRMLS

Proudly presenting 4062 West Blvd, a strong income producing 16 unit building in the heart of Baldwin Village. Unheard of cap rate of 7.5 when vacancies are filled at market rents. With the the 7% increase allowed by Los Angeles Housing Department staring Feb 2024, there are plenty of opportunities to drastically increase income in the near future. Units are separately metered for gas and electricity. There are 8 2-car garages, 2 of which are owner occupied and can be delivered vacant. This could be an appealing opportunity to potentially build ADUs for additional income. Less than half a mile from newer Kaiser hospital and neighboring multiple new construction and mixed-use development projects. Close proximity to Baldwin Hills-Crenshaw mall and the new Expo line.

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July, 2023
Jul 16, 2023

Date

Expired

CRMLS: 23251111

$4,395,000

Price
Mar 15, 2023

Date

Active

CRMLS: 23251111

$4,395,000

Price
Listing provided courtesy of CRMLS

Proudly presenting 4062 West Blvd, a strong income producing 16 unit building in the heart of Baldwin Village. Besides impressive actual income, a desirable unit mix and a current cap rate of 6+, there is ample upside potential. Units are separately metered for gas and electricity. There are 8 2-car garages, 2 of which are owner occupied and can be delivered vacant. This could be an appealing opportunity to potentially build ADUs for additional income. Less than half a mile from newer Kaiser hospital and neighboring multiple new construction and mixed-use development projects. Close proximity to Baldwin Hills-Crenshaw mall and the new Expo line.

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November, 2016
Nov 17, 2016

Date

Sold (Public Records)

Public Records

$2,500,000

Price
December, 2007
Dec 10, 2007

Date

Sold (Public Records)

Public Records

$1,400,000

Price

Tax History for 4062 West Blvd

Assessed Value (2020): $2,653,019

Year	Land Value	Improved Value	Assessed Value
2020	$2,016,295	$636,724	$2,653,019

About 4062 West Blvd

Detailed summary of property

4062 West Blvd is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90008 and last sold on November 17, 2016 for $2,500,000. This property has -- bedrooms, 16 bathrooms, roughly 15,406 living square feet, and sits on an approximately 21,710 square foot lot. Homes 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 138.1% higher than the current median priced home. 4062 West Blvd was last sold on November 17, 2016 for $2,500,000. Local nearby listings include 4515 Don Quixote Dr, 3501 Hillcrest Dr and 4219 S Bronson Ave. The average home in Los Angeles, CA is selling in 96 days. There are currently 3431 homes for sale in the Los Angeles real estate market and 2328 of them are single family homes while 1008 of them are condos and 90 are townhomes. If you are the homeowner and looking to sell the home at 4062 West Blvd Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4062 West Blvd

Public county record property details

Beds: --
Baths: 16
Year built: 1948
Sq. Ft.: 15,406
Lot Size: 21,710
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 5032-013-007

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,475,000

Median List Price/Sq.Ft.

$721

Median Sold Price

$995,000

Median Sold Price/Sq.Ft.

$639

Total Inventory

Median Sale to List Price %

103.75%

Avg Days on Market

Loan Type

Conventional (21.43%), FHA (7.14%), VA (0%), Cash (14.29%), Other (7.14%)

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(714) 706-1823

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