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844 S Holt Ave #2, Los Angeles, CA 90035
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844 S Holt Ave #2 Los Angeles, CA 90035

$2,365,000 Sold Price as of 04/05/2023
  • 34 Beds
  • 34 Baths
  • 5,397 Sq.Ft.
Sold
$2,365,000 Sold Price as of 04/05/2023 Refinance Your Mortgage
Map preview of 844 S Holt Ave #2, Los Angeles, CA 90035

Property Overview: 844 S Holt Ave #2 Los Angeles, CA has 34 bedrooms, 34 bathrooms, 5,397 living square feet and 5,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting this rare 6-unit multifamily investment opportunity in one of L.A.'s most desirable cosmopolitan areas. 844 S. Holt Ave is a chance to own and operate a classic mid-century apartment building with upside potential. 3 two-BR and 3 one-BR units comprise this building with 5,397 sq ft gross rentable area on a 5,999 sq ft lot. Total current rents are below market rates in the area. Coupled with a value add opportunity to either partially or fully renovate 5 of the units with potential 4.7% cap rate. Unit 2 is fully-renovated and currently vacant. Additional features include 6 parking spaces and laundry room on-site. The coin laundry and annual oil royalties provide additional passive income. The building is centrally located near Beverly Hills, WeHo and Century City. Plus it is within walking distance to recreation, dining, houses of worship and the new La Cienega subway station (opening 2024) for current and future value growth.

Listed by Christopher Gray | BRE #02012829 | Beverly and Company, Inc.
Last checked: 2 minutes ago | Last updated: April 6th, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,999
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23236283
City
Los Angeles
County
Los Angeles
Time on Site
579 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,136
  • Total Rent: $1,136
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,492
  • Total Rent: $1,492
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,273
  • Total Rent: $1,273
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.9%
  • Gross Rent Multiplier: 22.92
  • Gross Scheduled Income: --
  • Net Operating Income: $83,081
  • Gross Operating Income: $122,552
  • Laundry Income: $1,200
  • Other Income 1: $925
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 844 S Holt Ave #2

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Refrigerator
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 Parking Spaces: 6
  • Has Parking
  • Parking Features: Tandem Garage, Side by Side, Parking Space, Assigned
Property Information
  • No View
  • View: None
  • Total # of Units: 6
  • Parcel Number: 4333023021
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Take La Cienega Blvd to Gregory Way. Go west on Gregory Way, pass Le Doux Rd, and turn left on Holt Ave. Property on left-hand side.
View more facts & features

Local Los Angeles Agent

Sale History for 844 S Holt Ave #2

Last sold for $2,365,000 on April 5th, 2023

  • April, 2023

  • Apr 5, 2023

    Date

    Sold

    CRMLS: 23236283

    $2,365,000

    Price

  • Feb 17, 2023

    Date

    Active

    CRMLS: 23236283

    $2,895,000

    Price

  • February, 2018

  • Feb 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2018

  • Feb 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 844 S Holt Ave #2

Assessed Value (2020): $1,256,114
Year Land Value Improved Value Assessed Value
2020 $1,114,979 $141,135 $1,256,114

Home Value Compared to the Market

This property vs the competition

844 S Holt Ave #2 sold on April 5, 2023 for 158.48% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $536.41 per/sqft which puts the price per square foot 25.91% lower than the current median sale per square foot for the city of Los Angeles.

About 844 S Holt Ave #2

Detailed summary of property

844 S Holt Ave #2 is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 34 bedrooms, 34 bathrooms, roughly 5,397 living square feet, and sits on an approximately 5,999 square foot lot. 844 S Holt Ave #2 was first listed on ArdentRealEstateGroup.com on February 18, 2023. The homeowner sold the property for $2,365,000. Home 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 158.48% higher than the current median priced home. Local homes that are currently for sale include 8218 Blackburn Ave, 6216 W 6th St and 6327 Drexel Ave. While the average home in Los Angeles, CA is selling in 106 days, 844 S Holt Ave #2 has a days on market of 15 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 844 S Holt Ave #2 Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 844 S Holt Ave #2

Public county record property details
Beds
9
Baths
8
Year built
1956
Sq. Ft.
5,397
Lot Size
5,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
4333-023-021

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,375,000
Median List Price/Sq.Ft.
$785
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
56
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

Thinking of Selling?

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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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