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813 N Cherokee Ave, Los Angeles, CA 90038
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813 N Cherokee Ave Los Angeles, CA 90038

$2,600,000 Sold Price as of 02/13/2024
  • 8 Beds
  • 4 Baths
  • 3,924 Sq.Ft.
Sold
$2,600,000 Sold Price as of 02/13/2024 Refinance Your Mortgage
Map preview of 813 N Cherokee Ave, Los Angeles, CA 90038

Property Overview: 813 N Cherokee Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,924 living square feet and 6,255 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2023 construction modern style duplex located in the heart of Hollywood! Part of a 4 building new construction duplex portfolio! Built by TJH, this duplex features two 4 bedroom / 2.5 bathroom townhome units. Currently, one unit is vacant and another is rented making this the perfect owner-user opportunity! Offered at a 5.14% cap rate and at $656/ft, this opportunity is perfect for a seasoned investor to acquire in one of the best locations in all of LA. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit also includes a 2 car garage and 1 outdoor space. Each unit also enjoys in-unit laundry and a private backyard. The property includes solar panels that are owned and fully paid off by the developer. Tenants pay all utilities keeping costs low for an investor! The location is renter's paradise and sits in a central area of LA close to major employment hubs. This area is walking distance to Melrose where some of the best restaurants in LA are located!

Listed by John Katnik | BRE #02002695 | BRC Advisors- BH
Last checked: 5 minutes ago | Last updated: February 13th, 2024 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,255
HOA Dues
$0/mo
Year built
2023
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
24347387
City
Los Angeles
County
Los Angeles
Time on Site
126 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $7,135
  • Total Rent: $14,390
  • Pro Forma/Market Rent: $14,390
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.14%
  • Gross Rent Multiplier: 14.91
  • Gross Scheduled Income: --
  • Net Operating Income: $132,387
  • Gross Operating Income: $169,680
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 813 N Cherokee Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included
Fireplace Information
  • Has Fireplace
  • Electric
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5524006010
  • Year Built Source: Builder
  • Architectural Style: Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Melrose and East of Highland
View more facts & features

Local Los Angeles Agent

Sale History for 813 N Cherokee Ave

Last sold for $2,600,000 on February 13th, 2024

  • February, 2024

  • Feb 13, 2024

    Date

    Sold

    CRMLS: 24347387

    $2,600,000

    Price

  • Jan 13, 2024

    Date

    Active

    CRMLS: 24347387

    $2,575,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Withdrawn

    CRMLS: 24353027

    $7,195

    Price

  • Jan 29, 2024

    Date

    Active

    CRMLS: 24353027

    $7,195

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the epitome of modern living in the desirable Melrose Village neighborhood, where Thomas James Homes has meticulously crafted a masterpiece that combines style, comfort, and functionality. Boasting 2 Story, this contemporary home, part of a Duplex, offers 4 spacious bedrooms and 2.5 luxurious baths, embodying a perfect fusion of style and convenience. The heart of the home resides in the gourmet kitchen, where culinary dreams come true. Featuring a walk-in pantry, a generously sized center island with bar seating, and pendant lighting that exudes sophistication. The adjacent dining area sets the stage for memorable gatherings, adorned with a chic decorative light fixture. For moments of relaxation, the great room with a cozy gas fireplace beckons, with sliding doors that seamlessly connect to the inviting back patio, perfect for al fresco dining and leisure.Venture upstairs to find three impeccably designed secondary bedrooms, each offering comfort and functionality. They share a full bath, ensuring convenience for all. Linen cabinetry and shelving in the hallway enhance storage, while a dedicated laundry closet with side-by-side washer and dryer completes the home's practical amenities. Retreat to the luxurious grand suite, a haven of tranquility ; the suite features a sumptuous bath complete with a dual-sink vanity, a walk-in shower featuring a comfortable seat, and an expansive walk-in closet that's sure to fulfill your storage desires.Tandem garage, thoughtfully wired for an electric vehicle charging station, with direct private entrance ; driveway with additional space ; practical drop zone with a bench seat, ideal for organizing handbags, backpacks, and mail. This exceptional Thomas James Home in Melrose Village marries modern style with everyday ease. With a prime location, you'll enjoy access to the area's finest offerings, making this property a coveted opportunity for those seeking contemporary luxury in one of the city's most vibrant neighborhoods. Don't miss the chance to call this remarkable residence your own.

  • January, 2024

  • Jan 29, 2024

    Date

    Canceled

    CRMLS: 23241813

    $7,195

    Price

  • Feb 14, 2023

    Date

    Active

    CRMLS: 23241813

    $8,495

    Price

  • Listing provided courtesy of CRMLS

    ***MOVE-IN SPECIAL - 5 WEEKS FREE ON APPROVED CREDIT!***Experience a brand-new home, built by Thomas James Homes, without all the financial strings attached! This modern Melrose Village home offers two luxury single family homes each with 4 bedrooms, 2.5 baths, tandem garage and driveway with two spaces. A covered front porch welcomes you into the light and bright foyer, where you will find a powder bath with pedestal sink. Throughout this home, you will find wide plank oak style vinyl flooring, recessed lighting, polished chrome plumbing fixtures, white shaker cabinets with soft close doors and drawers, and white quartz countertops. The chef inspired kitchen includes a walk-in pantry, island with bar seating and pendant lighting, subway tile backsplash, and brand-new stainless steel Bertazzoni appliances. Entertain in the dining, which has a decorative light fixture, or cozy up by the gas fireplace of the great room while sliding doors beckon you out into the back yard with patio. Just inside from the tandem garage (wired for an electric vehicle charging station) you'll find a drop zone with bench seat. Upstairs three bedrooms with shared bath, and grand suite with walk in closet and en-suite bath with dual sink vanity and walk in shower with seat.

  • November, 2023

  • Nov 10, 2023

    Date

    Leased

    CRMLS: 23242791

    $7,195

    Price

  • Feb 17, 2023

    Date

    Active

    CRMLS: 23242791

    $8,495

    Price

  • Listing provided courtesy of CRMLS

    ***MOVE-IN SPECIAL - 1 MONTH FREE ON APPROVED CREDIT!***Experience a brand-new home, built by Thomas James Homes, without all the financial strings attached! This modern Melrose Village home offers two luxury single family homes each with 4 bedrooms, 2.5 baths, tandem garage and driveway with two spaces. A covered front porch welcomes you into the light and bright foyer, where you will find a powder bath with pedestal sink. Throughout this home, you will find wide plank oak style vinyl flooring, recessed lighting, polished chrome plumbing fixtures, white shaker cabinets with soft close doors and drawers, and white quartz countertops. The chef inspired kitchen includes a walk-in pantry, island with bar seating and pendant lighting, subway tile backsplash, and brand-new stainless steel Bertazzoni appliances. Entertain in the dining, which has a decorative light fixture, or cozy up by the gas fireplace of the great room while sliding doors beckon you out into the back yard with patio. Just inside from the tandem garage (wired for an electric vehicle charging station) you'll find a drop zone with bench seat. Upstairs three bedrooms with shared bath, and grand suite with walk in closet and en-suite bath with dual sink vanity and walk in shower with seat.

  • December, 2014

  • Dec 5, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,225,000

    Price

  • October, 2014

  • Oct 7, 2014

    Date

    Price Change

    CRMLS: 14798809

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

    Move in ready, this lovingly cared for 1923 Country English is walled and gated for privacy. Warm and inviting with great character and style, this home features a flexible floor plan with 2 bedrooms & 2 bathrooms and a large family/media room in the main house. The updated kitchen features a beautiful Wedgewood vintage stove and restaurant quality Traulsen refrigerator. Other features include hardwood floors, central air & heat, tank-less water heaters and vaulted ceilings in bedrooms and living room. Above the over sized garage with storage is a bonus room that works well as a creative space, office, or whatever your imagination can think of. The ample backyard features a covered patio that is perfect for outside entertaining. Located in ultra-hot 90038 mere moments from Hancock Park, Larchmont Village, Weho, Melrose, & Uber-Hot Hollywood. Close to finest the eateries & entertainment in LA: Mozza, Hatfields, Providence, Arclight Theaters & more! Priced to sell!

  • October, 1996

  • Oct 18, 1996

    Date

    Sold (Public Records)

    Public Records

    $185,000

    Price

Show More

Tax History for 813 N Cherokee Ave

Assessed Value (2020): $1,346,195
Year Land Value Improved Value Assessed Value
2020 $1,076,957 $269,238 $1,346,195

Home Value Compared to the Market

This property vs the competition

813 N Cherokee Ave sold on February 13, 2024 for 116.39% 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 $656.22 per/sqft which puts the price per square foot 13.08% lower than the current median sale per square foot for the city of Los Angeles.

About 813 N Cherokee Ave

Detailed summary of property

813 N Cherokee Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,924 living square feet, and sits on an approximately 6,255 square foot lot. 813 N Cherokee Ave was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner sold the property for $2,600,000. 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 116.39% higher than the current median priced home. Local homes that are currently for sale include 454 N Genesee Ave, 5662 Fountain Ave and 6821 Whitley Terrace. While the average home in Los Angeles, CA is selling in 93 days, 813 N Cherokee Ave has a days on market of 21 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 813 N Cherokee Ave 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 813 N Cherokee Ave

Public county record property details
Beds
2
Baths
2
Year built
1923
Sq. Ft.
1,905
Lot Size
6,255
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
102
APN
5524-006-010

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.
$696
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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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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