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5425 Santa Monica Blvd, Los Angeles, CA 90029
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5425 Santa Monica Blvd Los Angeles, CA 90029

$7,700,000 Sold Price as of 05/17/2022
  • 6 Beds
  • 34 Baths
  • 27,192 Sq.Ft.
Sold
$7,700,000 Sold Price as of 05/17/2022 Refinance Your Mortgage
Map preview of 5425 Santa Monica Blvd, Los Angeles, CA 90029

Property Overview: 5425 Santa Monica Blvd Los Angeles, CA has 6 bedrooms, 34 bathrooms, 27,192 living square feet and 6,931 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 5425 Santa Monica Boulevard in Los Angeles, CA 90029. Built in 1925, this prime mixed-use opportunity consists of 30 apartment units and 6,500 SF of commercial space located in the Hollywood Studio District of Los Angeles. This four-story building features 24 singles, 6 one-bedrooms, and 4 retail or office spaces.This offering presents the investor the opportunity to purchase a well-maintained property with stable cash flow of 5.49% on current income. The apartment units offer over 14% rental upside as units turn along with rental increases throughout the leases of the commercial tenants. Additionally, an investor will have the opportunity to increase cash flow with the addition of signage on the east side of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 92 and offers direct access to the 101 Freeway and a quick walk to to both the Western/Hollywood Blvd Station and the Vermont/Santa Monica Blvd Station.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 154

Home details

Lot Sq. Ft
6,931
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21791998
City
Los Angeles
County
Los Angeles
Time on Site
948 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 34
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 24
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,290
  • Total Rent: $35,130
  • Pro Forma/Market Rent: $1,464
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,565
  • Total Rent: $10,700
  • Pro Forma/Market Rent: $1,783
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,294
  • Total Rent: $14,444
  • Pro Forma/Market Rent: $3,611
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.92
  • Gross Scheduled Income: --
  • Net Operating Income: $455,452
  • Gross Operating Income: $668,429
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5425 Santa Monica Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Room Information
  • Flooring: Laminate, Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 34
  • Parcel Number: 5536010020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located off Santa Monica Blvd, just west of the 101 freeway and east of of Western Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 5425 Santa Monica Blvd

Last sold for $7,700,000 on May 17th, 2022

  • May, 2022

  • May 17, 2022

    Date

    Sold

    CRMLS: 21791998

    $7,700,000

    Price

  • Sep 15, 2021

    Date

    Active

    CRMLS: 21791998

    $8,300,000

    Price

  • July, 2021

  • Jul 14, 2021

    Date

    Canceled

    CRMLS: 21716446

    $1,450

    Price

  • Apr 13, 2021

    Date

    Active

    CRMLS: 21716446

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    New York style one bedroom apartment located in the heart of Hollywood in a charming 1920s style building. Featuring a bedroom with large closet and a full bath encased in an elegant white tile surround. The living room showcases an exposed brick wall while the kitchen offers full appliances and gas range. Enjoy hardwood floors and fresh paint throughout. The building features a secure entry, bike parking, and onsite management. Amazing central location close to Koreatown, Silver Lake, Los Feliz, DTLA, The 101 FWY, Bus line and the Metro. A Walkscore rating of 94 makes this home a "Walker's Paradise". Only minutes away from Monarch Bakery, Starbucks, Cafe Paris, Jons Market, Smart & Final, Target, and much more! Pets will be considered with a pet deposit.

  • July, 2021

  • Jul 14, 2021

    Date

    Canceled

    CRMLS: 21716412

    $1,350

    Price

  • Apr 13, 2021

    Date

    Active

    CRMLS: 21716412

    $1,350

    Price

  • Listing provided courtesy of CRMLS

    New York style one bedroom apartment located in the heart of Hollywood in a charming 1920s style building. The bedroom is kept cool with AC. The full bath is encased in an elegant white tile surround. The living room showcases an exposed brick wall while the kitchen offers full appliances and gas range. Enjoy hardwood floors and fresh paint throughout. The building features a secure entry, bike parking, and onsite management. Amazing central location close to Koreatown, Silver Lake, Los Feliz, DTLA, The 101 FWY, Bus line and the Metro. A Walkscore rating of 94 makes this home a "Walker's Paradise". Only minutes away from Monarch Bakery, Starbucks, Cafe Paris, Jons Market, Smart & Final, Target, and much more! Pets will be considered with a pet deposit.

  • July, 2021

  • Jul 2, 2021

    Date

    Leased

    CRMLS: 21694454

    $1,550

    Price

  • Mar 29, 2021

    Date

    Price Change

    CRMLS: 21694454

    $1,550

    Price

  • Feb 19, 2021

    Date

    Active

    CRMLS: 21694454

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    3D Tour: bit.ly/3duwFLn New York style one bedroom apartment located in the heart of Hollywood in a charming 1920s style building. Featuring a large bedroom with walk-in closet and a full bath encased in an elegant white tile surround. The living room showcases an exposed brick wall with an exclusive skylight while the kitchen offers full appliances and gas range. Enjoy hardwood floors and fresh paint throughout, this home also comes complete with air-conditioning and INCLUDES 1 PARKING SPACE. The building features a secure entry, bike parking, and onsite management. Amazing central location close to Koreatown, Silver Lake, Los Feliz, DTLA, The 101 FWY, Bus line and the Metro. A Walkscore rating of 94 makes this home a "Walker's Paradise". Only minutes away from Monarch Bakery, Starbucks, Cafe Paris, Jons Market, Smart & Final, Target, and much more! Pets will be considered with a pet deposit.

  • June, 2021

  • Jun 23, 2021

    Date

    Expired

    CRMLS: 21676638

    $1,350

    Price

  • Feb 25, 2021

    Date

    Price Change

    CRMLS: 21676638

    $1,350

    Price

  • Feb 9, 2021

    Date

    Price Change

    CRMLS: 21676638

    $1,395

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: 21676638

    $1,450

    Price

  • Listing provided courtesy of CRMLS

    New York style studio apartment located in the heart of Hollywood in a charming 1920s building. Beautiful exposed brick and natural light take center stage here with views of the HOLLYWOOD SIGN, Hollywood Hills and GRIFFITH OBSERVATORY. Featuring a brand new fully remodeled modern kitchen with gorgeous granite countertops, new gas stove, new refrigerator, new microwave, and breakfast bar. Enjoy brand new floors, fresh paint throughout, and an updated full bath with an elegant white tile surround. As the unit only shares one party wall, enjoy blissful serenity while admiring the inspirational views. The building features a secure entry, bike parking, and onsite management. Amazing central location close to Koreatown, Silver Lake, Los Feliz, DTLA, The 101 FWY, Bus line and the Metro. A Walkscore rating of 94 makes this studio a "Walker's Paradise". Only minutes away from Monarch Bakery, Starbucks, Cafe Paris, Jons Market, Smart & Final, Target, and much more! 3D Tour: bit.ly/SMB309

  • January, 2021

  • Jan 23, 2021

    Date

    Leased

    CRMLS: 21676640

    $1,350

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: 21676640

    $1,350

    Price

  • Listing provided courtesy of CRMLS

    New York style studio apartment located in the heart of Hollywood in a charming 1920s building. This penthouse level corner unit has beautiful exposed brick, an abundance of natural light, and far-stretching views of the Hollywood Hills, Hollywood sign, and the city skyline. Enjoy a large walk-in closet, freshly painted walls with newer floors, and updated full bath with an elegant white tile surround. This home also features corner windows and an expansive kitchen with a spacious dining area. Being a top floor standalone unit, tranquility awaits as the home shares no walls with neighboring homes. Building features a secured entry, bike parking, and onsite management. Close proximity to Koreatown, Silver Lake, Los Feliz, DTLA, 101 FWY, Bus line and the Metro. A Walkscore rating of 94 makes this studio a "Walker's Paradise". Only minutes away from Monarch Bakery, Starbucks, Cafe Paris, Jons Market, Smart & Final, Target, and much more! 3D Tour: bit.ly/5425SMB405

  • January, 2021

  • Jan 23, 2021

    Date

    Leased

    CRMLS: 21676622

    $1,250

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: 21676622

    $1,250

    Price

  • Listing provided courtesy of CRMLS

    New York style studio apartment located in the heart of Hollywood in a charming 1920s building. Featuring a beautiful exposed brick wall, gorgeous natural light, and a spacious walk in closet large enough to store a bicycle. Take delight in a full kitchen with a quaint breakfast bar and charming dining area. Also enjoy a full-sized bathroom with an elegant white tile surround. As an added bonus, the home only shares one party wall with the neighbor. Building features include secure entry, bike parking, and on-site management. Amazing central location close to Koreatown, Silver Lake, Los Feliz, DTLA, 101 FWY, Bus line and the Metro. A Walkscore rating of 94 makes this studio a "Walker's Paradise". Only minutes away Monarch Bakery, Starbucks, Cafe Paris, Jons Market, Smart & Final, Target, and much more! 3D Tour: bit.ly/5425SMB202

  • December, 2020

  • Dec 24, 2020

    Date

    Expired

    CRMLS: 20637132

    $1,250

    Price

  • Dec 21, 2020

    Date

    Withdrawn

    CRMLS: 20637132

    $1,250

    Price

  • Nov 22, 2020

    Date

    Price Change

    CRMLS: 20637132

    $1,250

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: 20637132

    $1,295

    Price

  • Sep 24, 2020

    Date

    Active

    CRMLS: 20637132

    $1,350

    Price

  • Listing provided courtesy of CRMLS

    MOVE IN SPECIAL - PRICE REDUCTION - $100 OFF Pre-COVID RATES! Chic New York City style studio apartment in the heart of Hollywood. Light, bright living area with crisp white walls contrasted by the warmth & texture of vintage exposed brick. Walk in closet, with enough room for the most complete wardrobe. Updated full bath with tiled tub surround and eat in kitchen with abundant cabinet space. Building features secure entry, package locker, & bike parking. Amazing central location with easy access to Hollywood, the studios, Silver Lake, Los Feliz, DTLA and the 101 FWY. Walkscore rating of 94 "Walker's Paradise" Close to public transit, bus an redline metro along with plenty of amenities, Starbucks, Cafe Paris, Jons Market, Smart & Final, and more. One year lease. Owner pays water and trash. Security deposit equal to one months rent on approved credit. Street parking. Pet ok with owner approval and $300 pet deposit. See your new home today!

  • December, 2020

  • Dec 21, 2020

    Date

    Expired

    CRMLS: 20635434

    $1,350

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: 20635434

    $1,350

    Price

  • Sep 24, 2020

    Date

    Active

    CRMLS: 20635434

    $1,395

    Price

  • Listing provided courtesy of CRMLS

    MOVE IN SPECIAL - PRICE REDUCTION - $100 OFF Pre-COVID RATES! Experience the excitement of Hollywood from the top - fourth floor "penthouse" studio with large windows and 180 degree views of city lights & the Hollywood Hills. Light, bright living area with crisp white walls contrasted by the warmth & texture of vintage exposed brick. Walk through closet, w/ room for the most complete wardrobe. Updated bath with tiled tub surround & eat in kitchen w/ abundant cabinet space. Building features secure entry, package locker, & bike parking. Central location / easy access to Hollywood, the studios, Silver Lake, Los Feliz, DTLA & the 101 FWY. Walkscore rating of 94 "Walker's Paradise" Close to public transit, bus an redline metro along with plenty of amenities, Starbucks, Cafe Paris, Jons Market, Smart & Final, etc. 1 year lease. Owner pays water and trash. Security deposit equal to one months rent on approved credit. Street parking. Pet ok w/ dep.

  • December, 2020

  • Dec 1, 2020

    Date

    Leased

    CRMLS: 20637154

    $1,250

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: 20637154

    $1,250

    Price

  • Oct 23, 2020

    Date

    Price Change

    CRMLS: 20637154

    $1,295

    Price

  • Sep 24, 2020

    Date

    Active

    CRMLS: 20637154

    $1,325

    Price

  • Listing provided courtesy of CRMLS

    MOVE IN SPECIAL - PRICE REDUCTION - $100 OFF Pre-COVID RATES! Chic New York City style studio apartment in the heart of Hollywood. Light, bright living area with crisp white walls contrasted by the warmth & texture of vintage exposed brick. Walk in closet, with enough room for the most complete wardrobe. Updated full bath with tiled tub surround and eat in kitchen with abundant cabinet space. Building features secure entry, package locker, & bike parking. Amazing central location with easy access to Hollywood, the studios, Silver Lake, Los Feliz, DTLA and the 101 FWY. Walkscore rating of 94 "Walker's Paradise" Close to public transit, bus an redline metro along with plenty of amenities, Starbucks, Cafe Paris, Jons Market, Smart & Final, and more. One year lease. Owner pays water and trash. Security deposit equal to one months rent on approved credit. Street parking. Pet ok with owner approval & $300 pet deposit. Come see your new home toda

  • November, 2020

  • Nov 4, 2020

    Date

    Leased

    CRMLS: 20637114

    $1,295

    Price

  • Oct 20, 2020

    Date

    Pending

    CRMLS: 20637114

    $1,295

    Price

  • Sep 24, 2020

    Date

    Active

    CRMLS: 20637114

    $1,295

    Price

  • Listing provided courtesy of CRMLS

    Chic New York City style studio apartment in the heart of Hollywood. Diffuse natural light floods living area with crisp white walls contrasted by the warmth & texture of vintage exposed brick. Walk in closet, with enough room for the most complete wardrobe. Updated full bath w/ tiled tub surround and kitchen features abundant cabinet space and granite countertops. Building features secure entry, package locker, & bike parking. Amazing central location with easy access to Hollywood, the studios, Silver Lake, Los Feliz, DTLA & the 101 FWY. Walkscore rating of 94 "Walker's Paradise" Close to public transit, bus an redline metro along with plenty of amenities, Starbucks, Cafe Paris, Jons Market, Smart & Final, and more. One year lease. Owner pays water and trash. Security deposit equal to 1 mo rent on approved credit. Street parking. Pet ok with owner approval and $300 pet deposit.

  • October, 2020

  • Oct 5, 2020

    Date

    Canceled

    CRMLS: 20612134

    $8,150,000

    Price

  • Jul 31, 2020

    Date

    Active

    CRMLS: 20612134

    $8,150,000

    Price

  • Listing provided courtesy of CRMLS

    Built in 1925, this prime mixed-use investment opportunity consists of 30apartment units and 6,500 SF of commercial space located in the Hollywood Studio District of Los Angeles. This four-story building features 24 singles, 6 one-bedrooms, and 4 retail or office spaces. This offering presents the investor the opportunity to purchase a well-maintained property with stable cash flow of 5.37%on current income. The apartment units offer over 16% rental upside as units turn along with rental increases throughout the leases of the commercial tenants. Additionally, an investor will have the opportunity to increase cash flow with the addition of signage on the east side of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year.

  • July, 2020

  • Jul 13, 2020

    Date

    Canceled

    CRMLS: 20574048

    $8,150,000

    Price

  • Jul 13, 2020

    Date

    Price Change

    CRMLS: 20574048

    $8,150,000

    Price

  • Apr 28, 2020

    Date

    Active

    CRMLS: 20574048

    $8,400,000

    Price

  • Listing provided courtesy of CRMLS

    Built in 1925, this prime mixed-use investment opportunity consists of 30 apartment units and 6,500 SF of commercial space located in the Hollywood Studio District of Los Angeles. This four-story building features 24 singles, 6 one-bedrooms, and 4 retail or office spaces.This offering presents the investor the opportunity to purchase a well-maintained property with stable cash flow of 5.12% on current income. The apartment units offer over 16% rental upside as units turn along with rental increases throughout the leases of the commercial tenants. Additionally, an investor will have the opportunity to increase cash flow with the addition of signage on the east side of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year.

  • August, 2012

  • Aug 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $2,800,028

    Price

  • June, 2011

  • Jun 15, 2011

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

Show More

Tax History for 5425 Santa Monica Blvd

Assessed Value (2020): $3,167,905
Year Land Value Improved Value Assessed Value
2020 $1,351,178 $1,816,727 $3,167,905

Home Value Compared to the Market

This property vs the competition

5425 Santa Monica Blvd sold on May 17, 2022 for 597.48% 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 $305.24 per/sqft which puts the price per square foot 59.57% lower than the current median sale per square foot for the city of Los Angeles.

About 5425 Santa Monica Blvd

Detailed summary of property

5425 Santa Monica Blvd is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 6 bedrooms, 34 bathrooms, roughly 27,192 living square feet, and sits on an approximately 6,931 square foot lot. 5425 Santa Monica Blvd was first listed on ArdentRealEstateGroup.com on October 7, 2021. The homeowner sold the property for $7,700,000. 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 597.48% higher than the current median priced home. Local homes that are currently for sale include 11666 Mayfield Ave, 11942-11948 Darlington Ave and 11975-11977 Mayfield Ave. While the average home in Los Angeles, CA is selling in 93 days, 5425 Santa Monica Blvd has a days on market of 154 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5425 Santa Monica Blvd Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5425 Santa Monica Blvd

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
27,192
Lot Size
6,931
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
23,24
APN
5536-010-020

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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