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8005 Waring Ave, Los Angeles, CA 90046
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8005 Waring Ave Los Angeles, CA 90046

$2,200,000 Sold Price as of 10/08/2019
  • 10 Beds
  • 10 Baths
  • 6,478 Sq.Ft.
Sold
$2,200,000 Sold Price as of 10/08/2019 Refinance Your Mortgage
Map preview of 8005 Waring Ave, Los Angeles, CA 90046

Property Overview: 8005 Waring Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 6,478 living square feet and 6,550 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 8005 Waring Ave is a 6-unit apartment building located in a Prime Los Angeles, just south of Santa Monica Blvd and east of Crescent Heights Blvd. The subject property is a two-story building, offering 6,478 of rentable SF and is situated on a 6,549 SF lot.This is the first time in 47 years that Waring has been on the market. Situated just outside of West Hollywood, near Melrose Fashion District,Waring is in the heart of one of Los Angeles's most popular neighborhoods. The unit mix is composed of two (2), one-bed / one-baths, one (1), one-bed / two-bath, two (2), two-bed / two-baths, and one (1), three-bed / two-baths. The property features on-site parking and laundry facilities.8005 Waring Ave will appeal to any savvy investor looking to acquire a property with a value add component, in a highly sought-after WestHollywood submarket.

Listed by Saadia 'Sam' Liberow | BRE #01933858 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,550
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19496554
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,367
  • Total Rent: $1,367
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,238
  • Total Rent: $1,238
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,372
  • Total Rent: $1,372
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,098
  • Total Rent: $1,098
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.01%
  • Gross Rent Multiplier: 18.18
  • Gross Scheduled Income: --
  • Net Operating Income: $66,189
  • Gross Operating Income: $117,401
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8005 Waring Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 6
  • Parcel Number: 5529022033
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd and east of Crescent Heights Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 8005 Waring Ave

Last sold for $2,200,000 on October 8th, 2019

  • October, 2019

  • Oct 10, 2019

    Date

    Sold

    CRMLS: 19496554

    $2,200,000

    Price

  • Aug 13, 2019

    Date

    Active Under Contract

    CRMLS: 19496554

    $2,200,000

    Price

  • Aug 13, 2019

    Date

    Pending

    CRMLS: 19496554

    $2,200,000

    Price

  • Aug 5, 2019

    Date

    Active

    CRMLS: 19496554

    $2,200,000

    Price

  • October, 2019

  • Oct 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • October, 2019

  • Oct 8, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8005 Waring Ave

Assessed Value (2020): $2,200,000
Year Land Value Improved Value Assessed Value
2020 $1,400,000 $800,000 $2,200,000

Home Value Compared to the Market

This property vs the competition

8005 Waring Ave sold on October 8, 2019 for 72.68% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $339.61 per/sqft which puts the price per square foot 57.07% lower than the current median sale per square foot for the city of Los Angeles.

About 8005 Waring Ave

Detailed summary of property

8005 Waring Ave is a multi family that recently sold in Los Angeles, CA 90046. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 6,478 living square feet, and sits on an approximately 6,550 square foot lot. 8005 Waring Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,200,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 72.68% higher than the current median priced home. Local homes that are currently for sale include 8256 Blackburn Ave, 6347 Orange St and 606 N Sycamore Ave. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 8005 Waring Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8005 Waring Ave

Public county record property details
Beds
10
Baths
10
Year built
1968
Sq. Ft.
6,478
Lot Size
6,549
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
120
APN
5529-022-033

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$905
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$903
Total Inventory
252
Median Sale to List Price %
96.67%
Avg Days on Market
31
Loan Type
Conventional (6.9%), FHA (0%), VA (0%), Cash (10.34%), Other (3.45%)

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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