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701 Lorraine Blvd, Los Angeles, CA 90005
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701 Lorraine Blvd Los Angeles, CA 90005

$2,590,000
  • 20 Beds
  • 14 Baths
  • 5,218 Sq.Ft.
For Sale
$2,590,000 Get Pre-Qualified
Map preview of 701 Lorraine Blvd, Los Angeles, CA 90005

Property Overview: 701 Lorraine Blvd Los Angeles, CA has 20 bedrooms, 14 bathrooms, 5,218 living square feet and 7,312 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Drive by Only. DO NOT DISTURB TENANTS! showing available after offer is submitted. text to the listing agent for more info.

Listed by Sung Oh | BRE #01884497 | Real Estate eBroker Inc.
Last checked: 6 minutes ago | Last updated: August 18th, 2024 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
7,312
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24426363
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,644
  • Total Rent: $3,644
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,564
  • Total Rent: $1,564
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,762
  • Total Rent: $2,762
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.87
  • Gross Scheduled Income: --
  • Net Operating Income: $109,885
  • Gross Operating Income: $137,616
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 701 Lorraine Blvd

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Property Details for 701 Lorraine Blvd

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 4
  • Parcel Number: 5090031018
  • Year Built Source: Other
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1/2 block south of Wilshire Blvd, west of Crenshaw Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 701 Lorraine Blvd

Last sold for $2,050,000 on June 1st, 2018

  • August, 2024

  • Aug 10, 2024

    Date

    Active

    CRMLS: 24426363

    $2,590,000

    Price

  • December, 2023

  • Dec 1, 2023

    Date

    Expired

    CRMLS: 23264987

    $2,500,000

    Price

  • May 8, 2023

    Date

    Active

    CRMLS: 23264987

    $2,650,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 701 Lorraine Blvd, located in the prestigious Hancock Park neighborhood! Surrounded by meticulously maintained landscaping and gardening, this property is truly a sight to behold. This stunning income property offers exceptional curb appeal and is a perfect investment opportunity, generating approximately $140,000 per year in income. Comprised of four spacious 2-bedroom units, this property is updated with hardwood flooring throughout, providing a luxurious touch. Every unit features a cozy fireplace in the living room, creating a warm and inviting ambiance for residents and guests alike. Each unit even has its own separate electric and gas meters, providing convenience and flexibility for tenants. The property has also been updated with copper pipes and electric systems, ensuring efficient and reliable utilities for years to come. This income property offers a prime location with easy access to renowned shopping, dining, and entertainment options. It is also within close proximity to prestigious schools, parks, and other amenities, making it an attractive option for potential tenants.

  • May, 2023

  • May 10, 2023

    Date

    Canceled

    CRMLS: 23239587

    $2,630,000

    Price

  • Feb 7, 2023

    Date

    Active

    CRMLS: 23239587

    $2,650,000

    Price

  • Listing provided courtesy of CRMLS

    Great area, Hancock Park Winsor Village HPOZ. Nestled among nice residential area. Beautifully well maintained 4 units, 2 beds units. 2 units are 2 story townhouses style, other middle of building 2 units are one story open floor plans. Each unit are spaces & well updated with original charms. Living rooms with fireplaces, Hardwood flooring. 4 units are separate own electric & gas meters. updated copper pipes & electric systems. Beautiful landscaping & gardening. showing subject to offer & acceptance with lander's Pre-approval & proof of fund. Please don't disturb tenants. Call or text to Listing agent.

  • February, 2023

  • Feb 1, 2023

    Date

    Expired

    CRMLS: 22189095

    $2,650,000

    Price

  • Aug 12, 2022

    Date

    Active

    CRMLS: 22189095

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    Great area, Hancock Park, Windsor Village HPOZ. Nestled among nice residential area. Beautifully well maintained 4 units. 2 story, 2 beds units. 2 units are 2 story townhouse style, other 2 units are open floor plans. Each unit are spaces & well updated with original charms. Washer & dryer in each unit. 4 units are separate own electric & Gas meters. updated copper pipers & electric systems. beautiful landscaping & gardening. Showing's subject to offer & acceptance with lander's pre-approval. & Proof of fund. Please don't disturb tenants.

  • September, 2021

  • Sep 21, 2021

    Date

    Canceled

    CRMLS: 21785476

    $2,580,900

    Price

  • Sep 18, 2021

    Date

    Active

    CRMLS: 21785476

    $2,580,900

    Price

  • Listing provided courtesy of CRMLS

  • September, 2021

  • Sep 16, 2021

    Date

    Canceled

    CRMLS: 21757790

    $2,590,000

    Price

  • Aug 10, 2021

    Date

    Price Change

    CRMLS: 21757790

    $2,590,000

    Price

  • Jul 7, 2021

    Date

    Active

    CRMLS: 21757790

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    Major Price Reduction!!! Beautiful Hancock Park Windsor Village income property with big upsides. Well maintained and spacious 2 stories 4 units with charming original character. The 2 units are townhouse style and 2 units are open floor plans. One of the units is currently occupied by the owner and will be delivered vacant at the COE. All units have their own washer & dryers and separate electric & gas meters (tenants pay electric & gas). Possible ADU is available, buyers to verify with the city. Drive-by only. Do Not Disturb Tenants! showing subject to accepted offer with pre-approval and proof of fund. Text or email the listing agent for more information.

  • September, 2021

  • Sep 14, 2021

    Date

    Withdrawn

    CRMLS: 21774540

    $3,500

    Price

  • Aug 19, 2021

    Date

    Active

    CRMLS: 21774540

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Great Area of Hancock Park area, Neighbors, Beautiful, Well maintained 4 units building. Lower unit. updated, charming classic moldings all around living room, nice hardwood flooring with fireplace with A large bay window. laundry in the unit. Easy to show

  • June, 2021

  • Jun 11, 2021

    Date

    Canceled

    CRMLS: 21708510

    $2,690,000

    Price

  • Mar 22, 2021

    Date

    Active

    CRMLS: 21708510

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Conveniently located to transportation, shopping, dining, Wilshire Country Club and Downtown LA. Drive by first. DO NOT DISTURB TENANTS! owner occupies 2bed/2bath. showing available on owner unit only. must send PEAD before seeing owners unit. all other subject to offer with Lender's pre-approval and proof of fund and PEAD. call or text to the listing agent for more info.

  • March, 2021

  • Mar 15, 2021

    Date

    Canceled

    CRMLS: 21701386

    $2,690,000

    Price

  • Mar 5, 2021

    Date

    Active

    CRMLS: 21701386

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Conveniently located to transportation, shopping, dining, Wilshire Country Club and Downtown LA. Drive by first. DO NOT DISTURB TENANTS! owner occupies 2bed/2bath. showing available on owner unit only. must send PEAD before seeing owners unit. all other subject to offer with Lender's pre-approval and proof of fund and PEAD. call or text to the listing agent for more info.

  • July, 2019

  • Jul 18, 2019

    Date

    Canceled

    CRMLS: 19470910

    $2,690,000

    Price

  • Jul 17, 2019

    Date

    Hold

    CRMLS: 19470910

    $2,690,000

    Price

  • May 28, 2019

    Date

    Active

    CRMLS: 19470910

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Drive by Only. DO NOT DISTURB TENANTS! showing available on owner unit. all other subject to offer with Lender's pre-approval. and proof of fund. call or text to the listing agent for more info.

  • May, 2019

  • May 28, 2019

    Date

    Canceled

    CRMLS: 18387122

    $2,690,000

    Price

  • Feb 19, 2019

    Date

    Active

    CRMLS: 18387122

    $2,690,000

    Price

  • Feb 18, 2019

    Date

    Expired

    CRMLS: 18387122

    $2,690,000

    Price

  • Sep 17, 2018

    Date

    Active

    CRMLS: 18387122

    $2,690,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Drive by Only. DO NOT DISTURB TENANTS! showing available on owner unit. all other subject to offer with Lender's pre-approval. and proof of fund. call or text to the listing agent for more info.

  • December, 2018

  • Dec 31, 2018

    Date

    Expired

    CRMLS: 18379580

    $3,300

    Price

  • Sep 7, 2018

    Date

    Withdrawn

    CRMLS: 18379580

    $3,300

    Price

  • Sep 1, 2018

    Date

    Price Change

    CRMLS: 18379580

    $3,300

    Price

  • Aug 29, 2018

    Date

    Price Change

    CRMLS: 18379580

    $2,900

    Price

  • Aug 26, 2018

    Date

    Active

    CRMLS: 18379580

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Great Hancock park area, neighbors, beautiful 4 units building. maintaining well, lower unit. all new updated.old charming with nice molding all around living room with hardwood flooring. beautiful fireplace with a large bay window. laundry is in unit. ready to move in. easy to show.

  • September, 2018

  • Sep 20, 2018

    Date

    Canceled

    CRMLS: 18374764

    $3,300

    Price

  • Aug 28, 2018

    Date

    Price Change

    CRMLS: 18374764

    $3,300

    Price

  • Aug 10, 2018

    Date

    Active

    CRMLS: 18374764

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Hancock Park Windsor Village. Great residential area. Just fully remodeled 1st level unit with new wooden floors and kitchen includes refrigerator, washing machine and dryer. Well maintained building with original charms. Beautiful new landscape gardening. Call or text to the listing agent for more info.

  • August, 2018

  • Aug 21, 2018

    Date

    Expired

    CRMLS: 18332886

    $3,200

    Price

  • Aug 18, 2018

    Date

    Price Change

    CRMLS: 18332886

    $3,200

    Price

  • Apr 30, 2018

    Date

    Withdrawn

    CRMLS: 18332886

    $3,700

    Price

  • Apr 13, 2018

    Date

    Active

    CRMLS: 18332886

    $3,700

    Price

  • Listing provided courtesy of CRMLS

    Hancock Park Windsor Village. Great residential area. 2 beds, large 1 bath. Nicely well updated with original charms. open floor plan 4-unit building. Walk-in closets, great master unit. Well maintained building. Hardwood flooring, beautiful molding around the unit with fireplace. washer & dryer. in the unit. a large bay window in Living room matching perfectly with the charming fireplace. and much more... great front landscaping. Easy to show. call Ann

  • July, 2018

  • Jul 31, 2018

    Date

    Expired

    CRMLS: 18333436

    $3,200

    Price

  • Apr 30, 2018

    Date

    Withdrawn

    CRMLS: 18333436

    $3,200

    Price

  • Apr 18, 2018

    Date

    Price Change

    CRMLS: 18333436

    $3,200

    Price

  • Apr 14, 2018

    Date

    Active

    CRMLS: 18333436

    $2,900

    Price

  • Listing provided courtesy of CRMLS

    Great Area, Hancock Park Windsor Village, nice residential area. 2 beds and 2 baths, all updated with original charms. beautiful fireplace hardwood flooring. great bay windows in living room. good size of formal dinning room. master bed room. walking closets. 4 units building. available 15th of May

  • June, 2018

  • Jun 3, 2018

    Date

    Sold

    CRMLS: 18299050

    $2,050,000

    Price

  • May 7, 2018

    Date

    Pending

    CRMLS: 18299050

    $2,100,000

    Price

  • Apr 6, 2018

    Date

    Active Under Contract

    CRMLS: 18299050

    $2,100,000

    Price

  • Feb 9, 2018

    Date

    Active

    CRMLS: 18299050

    $2,100,000

    Price

  • Feb 5, 2018

    Date

    Active Under Contract

    CRMLS: 18299050

    $2,100,000

    Price

  • Jan 31, 2018

    Date

    Price Change

    CRMLS: 18299050

    $2,100,000

    Price

  • Jan 30, 2018

    Date

    Active

    CRMLS: 18299050

    $1,980,000

    Price

  • Jan 27, 2018

    Date

    Pending

    CRMLS: 18299050

    $1,980,000

    Price

  • Jan 12, 2018

    Date

    Active

    CRMLS: 18299050

    $1,980,000

    Price

  • Listing provided courtesy of CRMLS

    Hancock Park Windsor Village. Great residential area. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. Beautiful new landscape gardening. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. No sale sign. showing 's subject to offer with Lander's pre-approval. and proof of fund.call or text to the listing agent for more info.

  • June, 2018

  • Jun 1, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,050,000

    Price

  • December, 2012

  • Dec 7, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 701 Lorraine Blvd

Assessed Value (2020): $2,132,820
Year Land Value Improved Value Assessed Value
2020 $1,560,600 $572,220 $2,132,820

Home Value Compared to the Market

This property vs the competition

701 Lorraine Blvd is listed 115.83% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $496.36 per/sqft which puts the price per square foot 35.37% lower than the median price per square foot for the city of Los Angeles.

About 701 Lorraine Blvd

Detailed summary of property

701 Lorraine Blvd is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 20 bedrooms, 14 bathrooms, roughly 5,218 living square feet, and sits on an approximately 7,312 square foot lot. 701 Lorraine Blvd was first listed on ArdentRealEstateGroup.com on August 11, 2024. The homeowner is currently asking $2,590,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 115.83% higher than the median priced home. Local competing homes currently for sale include 4950 Beverly Blvd, 1226 S Manhattan Pl and 1415 S St Andrews Pl. While the average home in Los Angeles, CA is selling in 106 days, 701 Lorraine Blvd has a days on market of 37 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 701 Lorraine Blvd Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 701 Lorraine Blvd

Public county record property details
Beds
8
Baths
8
Year built
1936
Sq. Ft.
5,218
Lot Size
7,311
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
38
APN
5090-031-018

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$839,000
Median List Price/Sq.Ft.
$643
Median Sold Price
$695,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
44
Median Sale to List Price %
92.79%
Avg Days on Market
53
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

Tour This Home

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 701 Lorraine Blvd

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Other Los Angeles Resources

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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