View Photos

721 N Cahuenga Blvd Los Angeles, CA 90038

$1,775,000 Sold Price as of 05/10/2019

4 Beds
2 Baths
2,008 Sq.Ft.

Sold

$1,775,000 Sold Price as of 05/10/2019 Refinance Your Mortgage

Map preview of 721 N Cahuenga Blvd, Los Angeles, CA 90038

Property Overview: 721 N Cahuenga Blvd Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,008 living square feet and 6,065 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Calling all investors and developers! Property street address is 721-723 N Cahuenga Blvd. (723 N Cahuenga is front building, 721 is back) Come take advantage of the rapidly growing urbanization of historic Hollywood. This gated property is located 1/2 block from swanky Hancock Park, just a stones throw north of Melrose Ave and a few blocks from trendy Larchmont, which makes this property prime for development. Walking distance to markets, gyms, restaurants and all that this up and coming area has to offer. Hollywood is experiencing a tremendous rise in popularity for its vibrant city living and is one of the fastest growing markets in the country. Front building is vacant. Back building can be delivered vacant. Please drive by property. Please do not disturb tenants. Easy to show front unit. Back unit will be shown with accepted offer.

Listed by Lisa Locker | BRE #01356760 | Lisa Locker, LLC

Last checked: 10 minutes ago | Last updated: April 12th, 2022 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft: 6,065
HOA Dues: $0/mo
Year built: 1912
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19443144
City: Los Angeles
County: Los Angeles
Time on Site: 1221 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,450
Total Rent: $2,450
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 20
Gross Scheduled Income: --
Net Operating Income: $58,150
Gross Operating Income: $65,400

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 721 N Cahuenga Blvd

Interior Features

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 6
Has Parking
Parking Features: Gated

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 2
Parcel Number: 5533033016

Location / Neighborhood

Location Information

Directions: 1/2 block north of Melrose Ave

View more facts & features

Local Los Angeles Agent

Sale History for 721 N Cahuenga Blvd

Last sold for $3,000,000 on January 17th, 2020

January, 2020
Jan 17, 2020

Date

Sold (Public Records)

Public Records

$3,000,000

Price
May, 2019
May 14, 2019

Date

Sold

CRMLS: 19443144

$1,775,000

Price
May 9, 2019

Date

Active Under Contract

CRMLS: 19443144

$1,775,000

Price
Mar 12, 2019

Date

Active

CRMLS: 19443144

$1,775,000

Price
May, 2019
May 10, 2019

Date

Sold (Public Records)

Public Records

$1,775,000

Price

Tax History for 721 N Cahuenga Blvd

Assessed Value (2020): $1,810,500

Year	Land Value	Improved Value	Assessed Value
2020	$1,805,400	$5,100	$1,810,500

Home Value Compared to the Market

This property vs the competition

721 N Cahuenga Blvd sold on May 10, 2019 for 49.16% 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 $883.96 per/sqft which puts the price per square foot 17.08% higher than the current median sale per square foot for the city of Los Angeles.

About 721 N Cahuenga Blvd

Detailed summary of property

721 N Cahuenga Blvd is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,008 living square feet, and sits on an approximately 6,065 square foot lot. 721 N Cahuenga Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,775,000. 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 49.16% higher than the current median priced home. Local homes that are currently for sale include 747 N Wilton Pl, 1120 N Van Ness Ave and 5008 Rosewood Ave. While the average home in Los Angeles, CA is selling in 94 days, 721 N Cahuenga Blvd has a days on market of 59 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 721 N Cahuenga Blvd Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 721 N Cahuenga Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1912
Sq. Ft.: 2,008
Lot Size: 6,065
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17
APN: 5533-033-016

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$715,000

Median Sold Price/Sq.Ft.

$659

Total Inventory

Median Sale to List Price %

79.44%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 721 N Cahuenga Blvd

Nearby Homes for Sale

Recently Sold Homes Near 721 N Cahuenga Blvd

$4,800,000 Last Sold Price

15 Beds

16 Baths

8427 Sq.Ft.

753 Lillian Way
Los Angeles, CA 90038

$245,000 Last Sold Price

10 Beds

9 Baths

5876 Sq.Ft.

748 N Hudson Ave
Los Angeles, CA 90038

$2,365,000 Last Sold Price

44 Beds

36 Baths

6855 Sq.Ft.

842 Wilcox Ave
Los Angeles, CA 90038

6350 Willoughby Ave, Los Angeles, CA 90038

$3,525,000 Last Sold Price

17 Beds

15 Baths

10386 Sq.Ft.

6350 Willoughby Ave
Los Angeles, CA 90038

Related Resources to 721 N Cahuenga Blvd

New Listings in 90038

Popular Zip Codes

Popular Cities

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.