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700 Robinson St, Los Angeles, CA 90026
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700 Robinson St Los Angeles, CA 90026

$2,117,000 Sold Price as of 03/27/2023
  • 12 Beds
  • 8 Baths
  • 6,549 Sq.Ft.
Sold
$2,117,000 Sold Price as of 03/27/2023 Refinance Your Mortgage
Map preview of 700 Robinson St, Los Angeles, CA 90026

Property Overview: 700 Robinson St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 6,549 living square feet and 6,616 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime mid century 8 unit apartment building perched on a picturesque hilltop in Silver Lake near Sunset Junction! Four units are 2 Bedrooms, and four are 1 Bedrooms, with units averaging 818 SF each. 1 unit is currently vacant. The property boasts expansive views of Downtown Los Angeles, spacious apartments, a corner lot, tuck under parking (soft story retrofit was completed in 2022), and much more. The property has approximately 90% upside in rents, making this an ideal "value-add" acquisition to a savvy investor's portfolio. The property has good bones, an excellent location near the new Target on Bellevue, views from some apartments, is nicely maintained and easily managed. Laundry room with tenant storage. Passed SCEP in 2022. 700 N. Robinson is a prized asset that has been family owned for over the past 40+ years, and the owners are ready to retire. RARE SILVER LAKE MULTIFAMILY SALE! Call listing agent for a full marketing package with rent roll, P&L, photos, and more.

Listed by Dana Coronado | BRE #01746702 | Equity Union
Last checked: 9 minutes ago | Last updated: March 27th, 2023 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,616
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23229677
City
Los Angeles
County
Los Angeles
Time on Site
492 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $979
  • Total Rent: $979
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,872
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $868
  • Total Rent: $868
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $824
  • Total Rent: $824
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,115
  • Total Rent: $1,115
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,872
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: 14.63
  • Gross Scheduled Income: --
  • Net Operating Income: $97,665
  • Gross Operating Income: $143,520
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 700 Robinson St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Covered
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 8
  • Parcel Number: 5401017012
  • Architectural Style: Mid Century Modern
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Bellevue and Sunset, near Silver Lake Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 700 Robinson St

Last sold for $2,117,000 on March 27th, 2023

  • March, 2023

  • Mar 27, 2023

    Date

    Sold

    CRMLS: 23229677

    $2,117,000

    Price

  • Jan 5, 2023

    Date

    Active

    CRMLS: 23229677

    $2,099,000

    Price

Tax History for 700 Robinson St

Assessed Value (2020): $543,246
Year Land Value Improved Value Assessed Value
2020 $163,430 $379,816 $543,246

Home Value Compared to the Market

This property vs the competition

700 Robinson St sold on March 27, 2023 for 76.39% 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 $320.51 per/sqft which puts the price per square foot 57.55% lower than the current median sale per square foot for the city of Los Angeles.

About 700 Robinson St

Detailed summary of property

700 Robinson St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 6,549 living square feet, and sits on an approximately 6,616 square foot lot. 700 Robinson St was first listed on ArdentRealEstateGroup.com on January 7, 2023. The homeowner sold the property for $2,117,000. 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 76.39% higher than the current median priced home. Local homes that are currently for sale include 1917 Clinton St, 1917 Clinton St and 1402 Allesandro St. While the average home in Los Angeles, CA is selling in 93 days, 700 Robinson St has a days on market of 21 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 700 Robinson St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 700 Robinson St

Public county record property details
Beds
12
Baths
8
Year built
1956
Sq. Ft.
6,549
Lot Size
6,615
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,11
APN
5401-017-012

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
64
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), 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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