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4350 Clarissa Ave, Los Angeles, CA 90027
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4350 Clarissa Ave Los Angeles, CA 90027

$2,695,000 Sold Price as of 10/24/2022
  • 8 Beds
  • 7 Baths
  • 5,512 Sq.Ft.
Sold
$2,695,000 Sold Price as of 10/24/2022 Refinance Your Mortgage
Map preview of 4350 Clarissa Ave, Los Angeles, CA 90027

Property Overview: 4350 Clarissa Ave Los Angeles, CA has 8 bedrooms, 7 bathrooms, 5,512 living square feet and 8,295 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 4350 and 4356 Clarissa Avenue in prime Los Feliz. The property features an original 1924 Spanish bungalow-style house and a separate 6-unit garden-style apartment building built in 1957. A total of 7 rentable units. This is a fantastic and rare opportunity for either an owner/user or an astute multifamily investor. Either way, the combination of a house and one-bedroom units in a location such as this assures long-term income growth and value appreciation. 4350 Clarissa is just over one block from Hillhurst Avenue, which is the epicenter of this vibrant neighborhood. Tenants are a 5-minute walk to a wide selection of stores, restaurants, and cafes. The property is also less than a mile from the entrance to Griffith Park. Well maintained by the same family for decades, the property just received fresh exterior paint. Mature landscaping and jacaranda trees frame the charming grounds, creating fantastic curb appeal.

Listed by Robert Renshaw | BRE #01332831 | REMAX COMMERCIAL & INVESTMENT REALTY
Last checked: 6 minutes ago | Last updated: October 25th, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
8,295
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22194467
City
Los Angeles
County
Los Angeles
Time on Site
623 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,062
  • Total Rent: $3,062
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,755
  • Total Rent: $10,529
  • Pro Forma/Market Rent: $13,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.48
  • Gross Scheduled Income: --
  • Net Operating Income: $101,942
  • Gross Operating Income: $158,625
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4350 Clarissa Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 7
  • Parcel Number: 5591015023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Clarissa at Commonwealth, one block east of Hillhurst
View more facts & features

Local Los Angeles Agent

Sale History for 4350 Clarissa Ave

Last sold for $2,695,000 on October 24th, 2022

  • October, 2022

  • Oct 24, 2022

    Date

    Sold

    CRMLS: 22194467

    $2,695,000

    Price

  • Aug 29, 2022

    Date

    Active

    CRMLS: 22194467

    $2,695,000

    Price

Tax History for 4350 Clarissa Ave

Assessed Value (2020): $431,044
Year Land Value Improved Value Assessed Value
2020 $232,751 $198,293 $431,044

Home Value Compared to the Market

This property vs the competition

4350 Clarissa Ave sold on October 24, 2022 for 126.47% 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 $488.93 per/sqft which puts the price per square foot 35.24% lower than the current median sale per square foot for the city of Los Angeles.

About 4350 Clarissa Ave

Detailed summary of property

4350 Clarissa Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 5,512 living square feet, and sits on an approximately 8,295 square foot lot. 4350 Clarissa Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $2,695,000. 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 126.47% higher than the current median priced home. Local homes that are currently for sale include 1802 N Western Ave, 5345 La Mirada Ave and 2342 Cove Ave. While the average home in Los Angeles, CA is selling in 94 days, 4350 Clarissa Ave has a days on market of 9 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 4350 Clarissa Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4350 Clarissa Ave

Public county record property details
Beds
7
Baths
7
Year built
1957
Sq. Ft.
5,512
Lot Size
8,295
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
50
APN
5591-015-023

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
$2,370,000
Median List Price/Sq.Ft.
$921
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
83
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 4350 Clarissa Ave

1943 N Hoover St, Los Angeles, CA 90027
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4327 Clarissa Ave, Los Angeles, CA 90027
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4343 Clarissa Ave, Los Angeles, CA 90027
$3,350,000 Last Sold Price
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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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