6731 Leland Way Los Angeles, CA 90028

$--

-- Beds
-- Baths
41,876 Sq.Ft.

Off Market

Map preview of 6731 Leland Way, Los Angeles, CA 90028

Property Overview: 6731 Leland Way Los Angeles, CA has -- bedrooms, -- bathrooms, 41,876 living square feet and 14,282 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

6731 Leland Way is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 6731 Leland Way

Last sold on December 30th, 1998

April, 2023
Apr 6, 2023

Date

Canceled

CRMLS: 23239931

$14,550,000

Price
Feb 9, 2023

Date

Active

CRMLS: 23239931

$14,550,000

Price
Listing provided courtesy of CRMLS

Constructed in 1929, the building features four stories of apartments surrounding a large entry courtyard. Apartment interiors have preserved the building's original charm, as evident by the exposed brick interior walls, large windows, hardwood flooring, and wall sconce lighting. A new investor can take advantage of attractive assumable financing as they attempt to capitalize on the approximately 24% rent upside in addition to possibly adding an ADU for an even greater financial return. Situated near the corner of Sunset Boulevard and Highland Avenue, the property is only one block from the epicenter of some of the region's largest development projects. Crossroads Hollywood is a proposed $1 billion project that would feature 190,000 square feet of commercial space along with a hotel, studio space, production stages, and a large residential component. The project site is on Sunset Boulevard, just one block north of 6731 Leland Way. Also in the development pipeline is the $500 million CMNTY Culture Campus, housing a 500,000 square foot mix of office, studio, retail, and restaurant space in addition to a live performance venue, all located at the corner of Sunset Boulevard and Highland Avenue. Hollywood ranks #5 out of 112 Los Angeles Metro neighborhoods when it comes to the ideal locations for young professionals. This, coupled with the fact that only 13% of Hollywood residents are families with children, means that there is a large renter pool willing to pay market rents for single-resident apartments. In fact, 93% of the entire Hollywood population resides in rental housing, keeping demand strong and limiting vacancies in the area. After the recent expansion of several studios and production campuses and the general "re-opening" of Hollywood, demand for rental housing within the immediate area has continued to rise. Despite being insulated on a relatively quiet street, the location grants tenants convenient access to all of the entertainment, shopping, and dining for which Hollywood is known. Within one-half mile of the property are the revamped Ovation Hollywood shopping mall (formerly, Hollywood & Highland), The Dome Entertainment Centre, El Capitan Theatre, and The Egyptian Theatre, as well as Target, Walgreens, and dozens of restaurants, clubs, and bars. Residents also enjoy access to the Hollywood/Highland Metro Station, just three blocks north of the property.

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December, 1998
Dec 30, 1998

Date

Sold (Public Records)

Public Records

--

Price
August, 1997
Aug 19, 1997

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 6731 Leland Way

Assessed Value (2020): $2,019,868

Year	Land Value	Improved Value	Assessed Value
2020	$1,146,784	$873,084	$2,019,868

About 6731 Leland Way

Detailed summary of property

6731 Leland Way is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90028 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 41,876 living square feet, and sits on an approximately 14,282 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Local nearby listings include 1310 N Detroit St #207, 1411 N Detroit St #306 and 1319 N Detroit St #Penthouse 3. The average home in Los Angeles, CA is selling in 92 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. If you are the homeowner and looking to sell the home at 6731 Leland 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 6731 Leland Way

Public county record property details

Beds: --
Baths: --
Year built: 1929
Sq. Ft.: 41,876
Lot Size: 14,282
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19,20
APN: 5547-022-008

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

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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