4122 Sequoia St, Los Angeles, CA 90039
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4122 Sequoia St Los Angeles, CA 90039

$1,185,000 Sold Price as of 09/12/2023
  • 9 Beds
  • 9 Baths
  • 4,445 Sq.Ft.
Sold
$1,185,000 Sold Price as of 09/12/2023 Refinance Your Mortgage

Map preview of 4122 Sequoia St, Los Angeles, CA 90039

Property Overview: 4122 Sequoia St Los Angeles, CA has 9 bedrooms, 9 bathrooms, 4,445 living square feet and 7,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale a 1978 Built (Non-LA City Rent Controlled) 5 Unit multifamily investment opportunity in a supply-constrained market of Atwater Village! Located in one of LA's hottest rental, locations, 4122 Sequoia Street offers investors an opportunity to add substantial value with106% upside potential. The property boasts a strong unit mix of (4) 2 Bedroom & 2 Bath Units and (1) 1 2 Bedroom and 1 Bath Unit. The property has a total square footage of 4,445 SF, is situated on an expansive lot size of 7,000 SF, and zoned R1-1-RIO, with (9) parking spaces available for tenants. The property provides the opportunity to construct an ADU at the rear of the lot Buyer to Verify. Soft-Story Retrofit construction IS REQUIRED to be completed. Located within blocks to famous Los Feliz Blvd and Glendale Blvd, the property is situated in close proximity to Atwater's retail corridors, which provides countless eateries, trendy bars, retail, and coffee shops. Additionally, the property is adjacent to Glendale, the Jewel City, and is within minutes to The Americana at Brand, which offers world-class retail, dining, and entrainment. This rare opportunity is poised for an astute investor looking to capture strong market returns on a supply-constrained product in a booming area where prices and rents continue to appreciate Year-over-Year. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, unit mix, year built, zoning, market rents, soft-story retrofit requirements, and the ability to construct an ADU. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Last checked: 11 minutes ago | Last updated: September 12th, 2023 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
7,001
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23279983
City
Los Angeles
County
Los Angeles
Time on Site
326 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $6,398
  • Pro Forma/Market Rent: $11,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,374
  • Total Rent: $1,374
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.69
  • Gross Scheduled Income: --
  • Net Operating Income: $60,917
  • Gross Operating Income: $93,269
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4122 Sequoia St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 5
  • Parcel Number: 5593023006
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South on Agler St, West on Sequoia St
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Sale History for 4122 Sequoia St

Last sold for $1,185,000 on September 12th, 2023
  • September, 2023

  • Sep 12, 2023

    Date

    Sold

    CRMLS: 23279983

    $1,185,000

    Price

  • Jun 13, 2023

    Date

    Active

    CRMLS: 23279983

    $1,370,000

    Price

  • September, 2021

  • Sep 2, 2021

    Date

    Canceled

    CRMLS: TR21143062

    $1,699,000

    Price

  • Jul 1, 2021

    Date

    Active

    CRMLS: TR21143062

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY! CENTRALLY LOCATED IN ATWATER VILLAGE CLOSE TO EVERYTHING; MINUTES TO THE GLENDALE GALLERIA, HOME DEPOT, BEST BUY, COSTCO, LOS FELIZ, SILVER LAKE AND DOWNTOWN. THIS PROPERTY HAS 4445 SQFT LIVING AREA, ON A 7001 SQ FT LOT OFFERS 5 UNITS (4 X 2 BEDS 2 BATHS, 1 X 1 BED 1 BATH) in a living area of 4445sqft. , 9 ASSIGNED PARKING SPACES AT THE REAR. GREAT UPSIDE POTENTIAL, ON RENTS CONTROL EXAMPTION ZONE PLEASE DO NOT DISTURB TENANTS. INTERIOR INSPECTION UPON ACCEPTED OFFER ONLY. OFFER MUST INCLUDES PROOF OF FUNDS, PRE-APPROVAL LETTER AND FICO SCORE.

  • April, 2002

  • Apr 16, 2002

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

  • March, 1999

  • Mar 3, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4122 Sequoia St

Assessed Value (2020): $411,980
Year Land Value Improved Value Assessed Value
2020 $135,073 $276,907 $411,980

Home Value Compared to the Market

This property vs the competition

4122 Sequoia St sold on September 12, 2023 for 15.13% 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 $308.21 per/sqft which puts the price per square foot 59.18% lower than the current median sale per square foot for the city of Los Angeles.

About 4122 Sequoia St

Detailed summary of property

4122 Sequoia St is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 9 bedrooms, 9 bathrooms, roughly 4,445 living square feet, and sits on an approximately 7,001 square foot lot. 4122 Sequoia St was first listed on ArdentRealEstateGroup.com on June 13, 2023. The homeowner sold the property for $1,185,000. 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 15.13% higher than the current median priced home. Local homes that are currently for sale include 3256 Future St, 2339 Birkdale St and 1223 N Normandie Ave. While the average home in Los Angeles, CA is selling in 96 days, 4122 Sequoia St has a days on market of 31 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4122 Sequoia St Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4122 Sequoia St

Public county record property details
Beds
9
Baths
9
Year built
1978
Sq. Ft.
4,445
Lot Size
7,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5593-023-006

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,799,000
Median List Price/Sq.Ft.
$964
Median Sold Price
$1,505,000
Median Sold Price/Sq.Ft.
$1,136
Total Inventory
51
Median Sale to List Price %
113.58%
Avg Days on Market
20
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Related Resources to 4122 Sequoia St

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.