Image 2 for 4581 Finley Ave, Los Angeles, CA 90027

View Photos

4581 Finley Ave Los Angeles, CA 90027

$3,500,000 Sold Price as of 06/30/2021

12 Beds
10 Baths
7,638 Sq.Ft.

Sold

$3,500,000 Sold Price as of 06/30/2021 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 4581 Finley Ave, Los Angeles, CA 90027

Property Overview: 4581 Finley Ave Los Angeles, CA has 12 bedrooms, 10 bathrooms, 7,638 living square feet and 8,102 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *CALL FOR OFFERS DEADLINE ON TUESDAY FEB 16TH AT 5PM* We are pleased to present 4581 Finley Ave - a 10 unit multifamily investment opportunity located in prime Los Feliz being sold as part of a 3 building portfolio. This wood frame stucco building consists of 7,638 SF of living area and is situated on a 8,101 SF lot. This property features: Three (3) Two Bedroom / One Bath units, Six (6) One Bedroom / One Bath units and One (1) Studio unit. All units are individually metered for both gas and electricity. Further, the property provides 7 parking spaces for the tenants, 6 of which are secured, and an on-site laundry room that provides additional income. This trophy asset has been meticulously cared for by the current owner who takes great pride in his buildings and workmanship. A majority of the units have hardwood/laminate flooring, through-the-wall or 2-zone minisplit A/C systems, Bosch dishwashers, and granite countertops. Additionally, the plumbing was all redone with copper piping, the seismic retrofit was recently completed, and one (2 Bed+1 Bath) unit will be delivered vacant. As a bonus, the tenant reimbursement for the seismic retrofit is pending and can be looked at as potential additional income when approved by the city. This sale presents an incredible opportunity for a new owner/investor to own 3 properties that are all on the same street.

Listed by Adrian Stepien | BRE #01979555 | KW Advisors
Co-listed by Derrick Vartanian | BRE #01816119 | KW Advisors

Last checked: 5 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft: 8,102
HOA Dues: $0/mo
Year built: 1957
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21688932
City: Los Angeles
County: Los Angeles
Time on Site: 1158 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,276
Total Rent: $27,312
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $12,000
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $21,000
Pro Forma/Market Rent: $2,350

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,408
Total Rent: $16,896
Pro Forma/Market Rent: $2,275

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,614
Total Rent: $19,368
Pro Forma/Market Rent: $2,350

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,638
Total Rent: $19,656
Pro Forma/Market Rent: $3,000

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,609
Total Rent: $19,308
Pro Forma/Market Rent: $2,350

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,631
Total Rent: $19,572
Pro Forma/Market Rent: $2,350

Unit Breakdown 9

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,495
Total Rent: $17,940
Pro Forma/Market Rent: $2,275

Unit Breakdown 10

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $36,000
Pro Forma/Market Rent: $3,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.91
Gross Scheduled Income: --
Net Operating Income: $129,755
Gross Operating Income: $203,620

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 4581 Finley Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Laundry Information

Has Laundry
Washer Included, Dryer Included, Community

Room Information

Flooring: Wood

Kitchen Information

Has Appliances
Dishwasher

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 7
Has Parking
Parking Features: Paved, Gated

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 10
Parcel Number: 5590005026
Has Additional Parcels

Location / Neighborhood

Location Information

Directions: The property is located on a quiet and charming street on Finley Ave, just north of Franklin Ave, south of Los Feliz Blvd, and west of Hillhurst Ave. The central location of the property in the heart of Los Feliz allows for tenants to live in close proximity to Hillhurst Ave, which boasts ample restaurants, trendy boutique shops, and eateries.

View more facts & features

Local Los Angeles Agent

Sale History for 4581 Finley Ave

Last sold for $3,500,000 on June 30th, 2021

July, 2021
Jul 1, 2021

Date

Sold

CRMLS: 21688932

$3,500,000

Price
Apr 6, 2021

Date

Pending

CRMLS: 21688932

$3,550,000

Price
Mar 16, 2021

Date

Active Under Contract

CRMLS: 21688932

$3,550,000

Price
Mar 1, 2021

Date

Hold

CRMLS: 21688932

$3,550,000

Price
Feb 5, 2021

Date

Active

CRMLS: 21688932

$3,550,000

Price
May, 1994
May 11, 1994

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 4581 Finley Ave

Assessed Value (2020): $246,007

Year	Land Value	Improved Value	Assessed Value
2020	$65,429	$180,578	$246,007

Home Value Compared to the Market

This property vs the competition

4581 Finley Ave sold on June 30, 2021 for 198.32% 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 $464.78 per/sqft which puts the price per square foot 38.44% lower than the current median sale per square foot for the city of Los Angeles.

About 4581 Finley Ave

Detailed summary of property

4581 Finley Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 12 bedrooms, 10 bathrooms, roughly 7,638 living square feet, and sits on an approximately 8,102 square foot lot. 4581 Finley Ave was first listed on ArdentRealEstateGroup.com on March 16, 2021. The homeowner sold the property for $3,500,000. 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 198.32% higher than the current median priced home. Local homes that are currently for sale include 1548 Micheltorena St, 811 Kodak Dr and 639 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 92 days, 4581 Finley Ave has a days on market of 26 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 4581 Finley 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 4581 Finley Ave

Public county record property details

Beds: 11
Baths: 10
Year built: 1957
Sq. Ft.: 7,638
Lot Size: 8,101
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 49
APN: 5590-005-026

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

Median Sale to List Price %

99.49%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 4581 Finley Ave

Nearby Homes for Sale

Recently Sold Homes Near 4581 Finley Ave

$2,100,000 Last Sold Price

9 Beds

8 Baths

5422 Sq.Ft.

4569 Finley Ave
Los Angeles, CA 90027

$2,900,000 Last Sold Price

9 Beds

9 Baths

5440 Sq.Ft.

4568 Finley Ave
Los Angeles, CA 90027

$2,450,000 Last Sold Price

10 Beds

7 Baths

6354 Sq.Ft.

4603 Finley Ave
Los Angeles, CA 90027

$24,000,000 Last Sold Price

72 Beds

60 Baths

-- Sq.Ft.

2035 Dracena Dr
Los Angeles, CA 90027

Related Resources to 4581 Finley Ave

New Listings in 90027

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.