8074 Fareholm Dr Los Angeles, CA 90046

$1,056,010 Sold Price as of 05/18/2012

16 Beds
8 Baths
7,259 Sq.Ft.

Off Market

$1,056,010 Sold Price as of 05/18/2012 Refinance Your Mortgage

Map preview of 8074 Fareholm Dr, Los Angeles, CA 90046

Property Overview: 8074 Fareholm Dr Los Angeles, CA has 16 bedrooms, 8 bathrooms, 7,259 living square feet and 7,692 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8074 Fareholm Dr is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 8074 Fareholm Dr

Last sold for $1,056,010 on May 18th, 2012

February, 2019
Feb 1, 2019

Date

Expired

CRMLS: 18371416

$3,500,000

Price
Sep 25, 2018

Date

Withdrawn

CRMLS: 18371416

$3,500,000

Price
Aug 2, 2018

Date

Active

CRMLS: 18371416

$3,500,000

Price
Listing provided courtesy of CRMLS

Amazing investment opportunity to purchase an (8) unit income property in an A+ location. Situated at the base of Laurel Canyon and the Hollywood Hills, this property is nestled amongst multi-million dollar homes and just blocks away from Sunset Plaza, nightlife, and restaurant anchors. Spacious unit mix of (4) 2 bedroom and (4) 1 bedroom units and dedicated covered parking garage for each unit, storage and separate utilities. There are (4) remodeled units with washer dryer in each unit, and an additional separate laundry room. Property is currently at a 3.04% CAP RATE with a possibility of 5.68% CAP RATE at market rents. This property also features a development opportunity of up to 16 Condominiums in a prime (R3) Tier 2 Location. PLEASE DO NOT DISTURB TENANTS. SHOWING WILL BE DONE WITH ACCEPTED OFFER ONLY.

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December, 2018
Dec 8, 2018

Date

Expired

CRMLS: 18338916

$3,900,000

Price
Jul 10, 2018

Date

Withdrawn

CRMLS: 18338916

$3,900,000

Price
Jun 8, 2018

Date

Active

CRMLS: 18338916

$3,900,000

Price
Listing provided courtesy of CRMLS

Amazing investment opportunity to purchase an (8) unit income property in an A+ location. Situated at the base of Laurel Canyon and the Hollywood Hills, this property is nestled amongst multi-million dollar homes and just blocks away from Sunset Plaza, nightlife, and restaurant anchors. Spacious unit mix of (4) 2 bedroom and (4) 1 bedroom units and dedicated covered parking garage for each unit, storage and separate utilities. There are (4) remodeled units with washer dryer in each unit, and an additional separate laundry room. A strong investment for any investor to hold or to raise the rents to a market 5.1% CAP rate. This property also features a development opportunity of up to 16 Condominiums in a prime (R3) Tier 2 Location. PLEASE DO NOT DISTURB TENANTS. SHOWING WILL BE DONE WITH ACCEPTED OFFER ONLY

Continue Reading
May, 2012
May 18, 2012

Date

Sold (Public Records)

Public Records

$1,056,010

Price

Tax History for 8074 Fareholm Dr

Assessed Value (2020): $1,213,212

Year	Land Value	Improved Value	Assessed Value
2020	$803,949	$409,263	$1,213,212

About 8074 Fareholm Dr

Detailed summary of property

8074 Fareholm Dr is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90046 and last sold on May 18, 2012 for $1,056,010. This property has 16 bedrooms, 8 bathrooms, roughly 7,259 living square feet, and sits on an approximately 7,692 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.71% lower than the current median priced home. 8074 Fareholm Dr was last sold on May 18, 2012 for $1,056,010. Local nearby listings include 8050 Selma Ave, 7960 Selma Ave #305 and 1550 N Laurel Ave #305. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 8074 Fareholm Dr 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 8074 Fareholm Dr

Public county record property details

Beds: 16
Baths: 8
Year built: 1953
Sq. Ft.: 7,259
Lot Size: 7,692
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 5551-001-010

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

$2,195,000

Median List Price/Sq.Ft.

$905

Median Sold Price

$1,188,800

Median Sold Price/Sq.Ft.

$773

Total Inventory

269

Median Sale to List Price %

95.1%

Avg Days on Market

Loan Type

Conventional (5.56%), FHA (0%), VA (0%), Cash (8.33%), Other (2.78%)

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(714) 706-1823

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