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5532 Harold Way, Los Angeles, CA 90028
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5532 Harold Way Los Angeles, CA 90028

$4,025,000 Sold Price as of 01/14/2022
  • 24 Beds
  • 19 Baths
  • 13,170 Sq.Ft.
Sold
$4,025,000 Sold Price as of 01/14/2022 Refinance Your Mortgage
Map preview of 5532 Harold Way, Los Angeles, CA 90028

Property Overview: 5532 Harold Way Los Angeles, CA has 24 bedrooms, 19 bathrooms, 13,170 living square feet and 12,901 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Starlight Apartments, at 5532 Harold Way, are located in the highly sought-after Hollywood neighborhood of Los Angeles. Built in 1961, the property offers renters a highly-competitive unit mix of 14 One Bedrooms, and 5 Two-Bedroom units across 13,170 gross square feet of improvements and 12,901 square feet of land. The property has been thoughtfully maintained in near-original condition and presents new ownership with the opportunity to capture significant upside in rents through unit renovations and common area enhancements showcasing modern design elements. Located in the northeast edge of the Hollywood neighborhood, bordering Los Feliz and East Hollywood, The Starlight Apartments offer tenants immediate access to a broad selection of world-class dining, entertainment and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include: Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. Starlight Apartments is less than a 3-minute walk to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. The property is in the Qualified Opportunity Zone

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Co-listed by Peter Strauss | BRE #01335696 | Iconic Investments
Last checked: 13 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 78

Home details

Lot Sq. Ft
12,901
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21102721
City
Los Angeles
County
Los Angeles
Time on Site
1049 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,042
  • Total Rent: $1,042
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $14,286
  • Pro Forma/Market Rent: $26,530
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,098
  • Total Rent: $4,391
  • Pro Forma/Market Rent: $9,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.27
  • Gross Scheduled Income: --
  • Net Operating Income: $95,432
  • Gross Operating Income: $240,431
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5532 Harold Way

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 19
  • Parcel Number: 5544023019
  • Architectural Style: Mid Century Modern
Location / Neighborhood
Location Information
  • Directions: Exit Fountain Avenue from the 101. Head east. At N Western Ave turn left. Turn left on Harold Way. The building will be on the left.
View more facts & features

Local Los Angeles Agent

Sale History for 5532 Harold Way

Last sold for $4,025,000 on January 14th, 2022

  • January, 2022

  • Jan 14, 2022

    Date

    Sold

    CRMLS: 21102721

    $4,025,000

    Price

  • Oct 28, 2021

    Date

    Active

    CRMLS: 21102721

    $4,560,000

    Price

  • December, 2020

  • Dec 10, 2020

    Date

    Sold

    CRMLS: 20654598

    $3,610,000

    Price

  • Nov 30, 2020

    Date

    Pending

    CRMLS: 20654598

    $4,100,000

    Price

  • Nov 2, 2020

    Date

    Active

    CRMLS: 20654598

    $4,100,000

    Price

  • Listing provided courtesy of CRMLS

    Starlight Apartments is a 19-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1961 and offers+/- 13,170 square of improvements on a +/- 12,900 square foot lot. StarlightApartments features a strong unit mix of 11 One-Bedroom and 8 TwoBedroom units. This charming mid-century walk-up features a courtyard, 18parking spaces, and individually metered units for both gas and electric. The property has one central water heater. The earthquake retrofit work required by the City of Los Angeles has been completed. New ownership can add additional value by renovating unit interiors and common areas to push market rents, along with the implementation of a RUBS program to offset water, sewer, and rubbish removal costs. Property can be sold individually or as a portfolio with 226 S Serrano Ave and 5440 Carlton Way.

  • December, 2020

  • Dec 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,610,000

    Price

  • December, 2020

  • Dec 9, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5532 Harold Way

Assessed Value (2020): $435,169
Year Land Value Improved Value Assessed Value
2020 $114,984 $320,185 $435,169

Home Value Compared to the Market

This property vs the competition

5532 Harold Way sold on January 14, 2022 for 283.93% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $326.5 per/sqft which puts the price per square foot 54.9% lower than the current median sale per square foot for the city of Los Angeles.

About 5532 Harold Way

Detailed summary of property

5532 Harold Way is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 24 bedrooms, 19 bathrooms, roughly 13,170 living square feet, and sits on an approximately 12,901 square foot lot. 5532 Harold Way was first listed on ArdentRealEstateGroup.com on November 5, 2021. The homeowner sold the property for $4,025,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 283.93% higher than the current median priced home. Local homes that are currently for sale include 1223 N June St, 1542 N Hoover St and 233 N Kenmore Ave. While the average home in Los Angeles, CA is selling in 106 days, 5532 Harold Way has a days on market of 78 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5532 Harold Way Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5532 Harold Way

Public county record property details
Beds
19
Baths
--
Year built
1961
Sq. Ft.
13,170
Lot Size
12,900
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14-16
APN
5544-023-019

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$695
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$728
Total Inventory
51
Median Sale to List Price %
101.5%
Avg Days on Market
32
Loan Type
Conventional (0%), 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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