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6526 Homewood Ave, Los Angeles, CA 90028
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6526 Homewood Ave Los Angeles, CA 90028

$2,850,000 Sold Price as of 05/03/2022
  • 14 Beds
  • 14 Baths
  • 8,360 Sq.Ft.
Sold
$2,850,000 Sold Price as of 05/03/2022 Refinance Your Mortgage
Map preview of 6526 Homewood Ave, Los Angeles, CA 90028

Property Overview: 6526 Homewood Ave Los Angeles, CA has 14 bedrooms, 14 bathrooms, 8,360 living square feet and 6,981 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The CREM Group is pleased to present a unique 7-unit value-add investment opportunity in the highly sought-after Hollywood market. All apartments are large 2-bedroom, 2-bathroom units, and appx. 1,200 SF. The property includes 14 parking spaces as well as an on-site laundry room. Two of the units are currently vacant, offering buyers immediate upside potential. The property is situated just south of Sunset Blvd. and east of Highland Ave., near Sunset Gower Studios, Philz Coffee, The Dome Entertainment Centre, Dolby Theatre, Osteria Mozza, Gwen Restaurant and many of other Hollywood restaurants, shops, and landmarks.

Listed by Mark Cianciulli | BRE #01990266 | The CREM Group
Last checked: 15 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
6,981
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21110747
City
Los Angeles
County
Los Angeles
Time on Site
886 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.88
  • Gross Scheduled Income: --
  • Net Operating Income: $160,800
  • Gross Operating Income: $210,000
  • Garage Rental Income: $8,400
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6526 Homewood Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Information
  • Roof: Composition, Rolled/Hot Mop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Community Structure
Property Information
  • Total # of Units: 7
  • Parcel Number: 5547028011
Location / Neighborhood
Location Information
  • Directions: Head north on Wilcox Ave off of Santa Monica Blvd, after you pass Fountain Ave, Homewood Ave will be the next left.
View more facts & features

Local Los Angeles Agent

Sale History for 6526 Homewood Ave

Last sold for $2,850,000 on May 3rd, 2022

  • May, 2022

  • May 3, 2022

    Date

    Sold

    CRMLS: 21110747

    $2,850,000

    Price

  • Dec 7, 2021

    Date

    Active

    CRMLS: 21110747

    $2,495,000

    Price

  • December, 2021

  • Dec 7, 2021

    Date

    Active

    CRMLS: 21110463

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2000

  • Dec 29, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 1997

  • Nov 13, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6526 Homewood Ave

Assessed Value (2020): $613,200
Year Land Value Improved Value Assessed Value
2020 $248,198 $365,002 $613,200

Home Value Compared to the Market

This property vs the competition

6526 Homewood Ave sold on May 3, 2022 for 109.66% 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 $298.44 per/sqft which puts the price per square foot 60.47% lower than the current median sale per square foot for the city of Los Angeles.

About 6526 Homewood Ave

Detailed summary of property

6526 Homewood Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 14 bedrooms, 14 bathrooms, roughly 8,360 living square feet, and sits on an approximately 6,981 square foot lot. 6526 Homewood Ave was first listed on ArdentRealEstateGroup.com on December 8, 2021. The homeowner sold the property for $2,850,000. 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 109.66% higher than the current median priced home. Local homes that are currently for sale include 5017 Institute Pl, 5345 La Mirada Ave and 2640 N Beachwood Dr. While the average home in Los Angeles, CA is selling in 93 days, 6526 Homewood Ave has a days on market of 23 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 6526 Homewood Ave 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 6526 Homewood Ave

Public county record property details
Beds
14
Baths
14
Year built
1987
Sq. Ft.
8,360
Lot Size
6,972
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
5547-028-011

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
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
34
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

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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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