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4603 Finley Ave, Los Angeles, CA 90027
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4603 Finley Ave Los Angeles, CA 90027

$2,450,000 Sold Price as of 06/30/2021
  • 10 Beds
  • 7 Baths
  • 6,354 Sq.Ft.
Sold
$2,450,000 Sold Price as of 06/30/2021 Refinance Your Mortgage
Map preview of 4603 Finley Ave, Los Angeles, CA 90027

Property Overview: 4603 Finley Ave Los Angeles, CA has 10 bedrooms, 7 bathrooms, 6,354 living square feet and 8,101 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 4603 Finley Ave - a seven (7) 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 6,354 SF of living area and is situated on a 8,101 SF lot. This property features: Three (3) Two Bedroom / One Bath units and Four (4) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property provides five (5) tandem parking spaces for the tenants, an on-site laundry room that provides additional income, a charming courtyard, and secured entry with an intercom system. This trophy asset has been meticulously cared for by the current owner who takes great pride in his buildings and workmanship. Most units have hardwood/laminate flooring, through-the-wall or 2-zone/3-zone minisplit A/C systems, and Bosch dishwashers. Additionally, the plumbing was all redone with copper piping, the seismic retrofit plans have been completed, and the building is achieving 100% rent collection. This sale presents an incredible opportunity for a new owner/investor to own 3 properties that are all on the same street in the highly sought after Los Feliz Neighborhood, where properties rarely trade hands.

Listed by Adrian Stepien | BRE #01979555 | KW Advisors
Co-listed by Derrick Vartanian | BRE #01816119 | KW Advisors
Last checked: 12 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
8,101
HOA Dues
$0/mo
Year built
1955
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
21688976
City
Los Angeles
County
Los Angeles
Time on Site
1158 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,645
  • Total Rent: $19,740
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $21,000
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,416
  • Total Rent: $16,992
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $36,000
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $22,200
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,161
  • Total Rent: $13,932
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $36,000
  • Pro Forma/Market Rent: $3,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.05
  • Gross Scheduled Income: --
  • Net Operating Income: $100,860
  • Gross Operating Income: $161,728
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4603 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
Interior Features
  • Security Features: Card/Code Access, Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Tandem Garage, Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5590005025
  • 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 4603 Finley Ave

Last sold for $2,450,000 on June 30th, 2021

  • July, 2021

  • Jul 1, 2021

    Date

    Sold

    CRMLS: 21688976

    $2,450,000

    Price

  • Apr 6, 2021

    Date

    Pending

    CRMLS: 21688976

    $2,675,000

    Price

  • Mar 16, 2021

    Date

    Active Under Contract

    CRMLS: 21688976

    $2,675,000

    Price

  • Mar 1, 2021

    Date

    Hold

    CRMLS: 21688976

    $2,675,000

    Price

  • Feb 5, 2021

    Date

    Active

    CRMLS: 21688976

    $2,675,000

    Price

  • July, 2006

  • Jul 18, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,275,000

    Price

  • May, 2006

  • May 12, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4603 Finley Ave

Assessed Value (2020): $1,562,151
Year Land Value Improved Value Assessed Value
2020 $1,010,676 $551,475 $1,562,151

Home Value Compared to the Market

This property vs the competition

4603 Finley Ave sold on June 30, 2021 for 124.79% 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 $420.99 per/sqft which puts the price per square foot 44.24% lower than the current median sale per square foot for the city of Los Angeles.

About 4603 Finley Ave

Detailed summary of property

4603 Finley Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 6,354 living square feet, and sits on an approximately 8,101 square foot lot. 4603 Finley Ave was first listed on ArdentRealEstateGroup.com on March 16, 2021. The homeowner sold the property for $2,450,000. 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 124.79% higher than the current median priced home. Local homes that are currently for sale include 801 N Alexandria Ave, 803 N Kingsley Dr and 5662 Fountain Ave. While the average home in Los Angeles, CA is selling in 92 days, 4603 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 4603 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 4603 Finley Ave

Public county record property details
Beds
10
Baths
7
Year built
1955
Sq. Ft.
6,354
Lot Size
8,101
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
5590-005-025

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

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Recently Sold Homes Near 4603 Finley 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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