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6740 Brynhurst Ave, Los Angeles, CA 90043
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6740 Brynhurst Ave Los Angeles, CA 90043

$4,400,000 Sold Price as of 12/08/2020
  • 32 Beds
  • 23 Baths
  • 15,370 Sq.Ft.
Sold
$4,400,000 Sold Price as of 12/08/2020 Refinance Your Mortgage
Map preview of 6740 Brynhurst Ave, Los Angeles, CA 90043

Property Overview: 6740 Brynhurst Ave Los Angeles, CA has 32 bedrooms, 23 bathrooms, 15,370 living square feet and 11,327 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at $325 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. All the units are rented to Sec 8 LA Housing Authority, assuring the timely rent to owner. There is currently Freddie Mac non-recourse, assumable loan of $3,093,000 at 3.4%, so this will be transferred to new buyer. Buyer needs to bring the additional equity to purchase this. Monthly Gross Rental Income is $27,435 and monthly principal & Interest mortgage payment is $13,747.92. This comes at 4.92 CAP and 15 GRM. Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.

Listed by Manish Drona | BRE #01923188 | Drona Realty & Mortgages
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 142

Home details

Lot Sq. Ft
11,327
HOA Dues
$0/mo
Year built
2019
Garage
16 Car
Property Type:
Apartment
Status
Sold
MLS#
SR20136879
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $887
  • Total Rent: $887
  • Pro Forma/Market Rent: $887
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $798
  • Total Rent: $798
  • Pro Forma/Market Rent: $798
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $329,220
  • Net Operating Income: $245,804
  • Gross Operating Income: $329,220
Annual Expense Breakdown
  • Total Operating Expense: $83,416
  • Electric: $1,800
  • Gas/Fuel: $0
  • New Taxes: $50,000
  • Trash: $3,600
  • Gardener: $1,200
  • Insurance: $6,000
  • Professional Management: $14,400
  • Water/Sewer: $6,416

Property Details for 6740 Brynhurst Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Master Bathroom, Master Bedroom, Walk-In Closet
Interior Features
  • Balcony, Granite Counters, Living Room Balcony, Open Floorplan
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 16
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 4006022018
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: From Florence, Left on Brynhurst
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 6740 Brynhurst Ave

Last sold for $4,400,000 on December 14th, 2020

  • December, 2020

  • Dec 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,400,000

    Price

  • December, 2020

  • Dec 9, 2020

    Date

    Sold

    CRMLS: SR20136879

    $4,400,000

    Price

  • Jul 12, 2020

    Date

    Active

    CRMLS: SR20136879

    $4,999,000

    Price

  • July, 2020

  • Jul 12, 2020

    Date

    Canceled

    CRMLS: SR20042747

    $4,595,000

    Price

  • Feb 27, 2020

    Date

    Active

    CRMLS: SR20042747

    $4,595,000

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at under $300 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. Instant equity for buyer, (appraised for $4,970,000 by Lender for refinance on 02/06/2020). Certificate of Occupancy has been received in November 2019 and all the units has been rented. With Actual rents and expenses, this is available at actual CAP of 5.22 and GRM of 13.94. Seller is currently under refinance process for non-recourse assumable loan for 3,095,000 which will be transferred to buyer and buyer will have to bring in only difference for equity. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.

  • July, 2020

  • Jul 1, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2020

  • Feb 11, 2020

    Date

    Expired

    CRMLS: SR20030149

    $4,595,000

    Price

  • Feb 11, 2020

    Date

    Active

    CRMLS: SR20030149

    $4,595,000

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at under $300 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. Instant equity for buyer, (appraised for $4,970,000 by Lender for refinance on 02/06/2020). Certificate of Occupancy has been received in November 2019 and all the units has been rented. With Actual rents and expenses, this is available at actual CAP of 5.22 and GRM of 13.94. Seller is currently under refinance process for non-recourse assumable loan for 3,378,000 which will be transferred to buyer and buyer will have to bring in only difference for equity. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.

  • January, 2020

  • Jan 2, 2020

    Date

    Expired

    CRMLS: 19514956

    $4,895,000

    Price

  • Sep 26, 2019

    Date

    Active

    CRMLS: 19514956

    $4,895,000

    Price

  • Listing provided courtesy of CRMLS

    100% Leased! Great opportunity to purchase a Brand New 12-Unit Apartment Building located at 6740 Brynhurst Ave, in the City of Los Angeles, California, 90043. The subject property is located near Inglewood and consists of an excellent unit mix of incredibly spacious 1 one bedroom-one bathroom unit, 2 two bedroom-two bathroom units, and 9 three-bedroom two-bathroom Units. The project is a Class A newly constructed Apartment building built in 2019 and is 100% Leased! C of O is in place. It sits on 11,326 SF of land.The project was completed at the end of 2019 and is located in the strong rental submarket of Inglewood in the Booming Neighborhood of the New Rams Stadium. Only a 3 min walk from the new Florence/West LA metro station. Every unit comes with it's own private balcony and covered Reserved parking. The building has a recreational room and onsite Laundry facilities. 100% Leased! C of O in place. Motivated Seller!

  • August, 2019

  • Aug 21, 2019

    Date

    Canceled

    CRMLS: SR19148209

    $4,750,000

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: SR19148209

    $4,750,000

    Price

  • Jun 23, 2019

    Date

    Active

    CRMLS: SR19148209

    $4,919,000

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at only $310 per Sq.ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. Currently in finishing stages, Certificate of Occupancy is expected in July 19. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq.ft., 2 units are 2 bed/2 bath at 950 sq.ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry. AT Close of Escrow, this can be provided fully tenanted or vacant. Location - Just under 2 miles to brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention. LA Clippers arena is in discussion and Star Wars museum by George Lucas is underway, 228 detached condos are also in the works a few blocks away at 18 acres lot. In addition to the development activity, simply being in proximity to one of the most popular and expensive area: West LA, this location is getting attention by virtue. This could be your best Investment for next 5-10 years as prices are going up consistently and growth in this area is higher as compared to other areas of LA.

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Tax History for 6740 Brynhurst Ave

Assessed Value (2020): $1,338,444
Year Land Value Improved Value Assessed Value
2020 $530,604 $807,840 $1,338,444

Home Value Compared to the Market

This property vs the competition

6740 Brynhurst Ave sold on December 8, 2020 for 320.08% 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 $325.24 per/sqft which puts the price per square foot 56.92% lower than the current median sale per square foot for the city of Los Angeles.

About 6740 Brynhurst Ave

Detailed summary of property

6740 Brynhurst Ave is a apartment that recently sold in Los Angeles, CA 90043. This apartment offered 32 bedrooms, 23 bathrooms, roughly 15,370 living square feet, and sits on an approximately 11,327 square foot lot. 6740 Brynhurst Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $4,400,000. 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 320.08% higher than the current median priced home. Local homes that are currently for sale include 2610 Kenwood Ave, 1819 S Gramercy Pl and 1554 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 92 days, 6740 Brynhurst Ave has a days on market of 142 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 6740 Brynhurst Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6740 Brynhurst Ave

Public county record property details
Beds
2
Baths
1
Year built
1923
Sq. Ft.
1,022
Lot Size
11,326
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
533
APN
4006-022-018

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$965,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
86
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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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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