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846 Alandele Ave, Los Angeles, CA 90036
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846 Alandele Ave Los Angeles, CA 90036

$1,800,000 Sold Price as of 07/02/2020
  • 8 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$1,800,000 Sold Price as of 07/02/2020 Refinance Your Mortgage
Map preview of 846 Alandele Ave, Los Angeles, CA 90036

Property Overview: 846 Alandele Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, -- living square feet and 6,129 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 846 Alandele Avenue is a one-of-a-kind fourplex located in the Miracle Mile (90036). The offering provides investors and/or owner-occupiers a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA's most dynamic and stable rental markets. The asset has been thoughtfully updated and maintained by the same owners since 1962. 846 Alandele Avenue was built in 1950 and consists of 4,384 SF of improvements. The unit composition features Four (4) 2 Bedroom / 1 Bathroom apartment homes. The apartment units are large in size and average of 1,096 (+/-) square feet. The property is sited on a +/- 6,129 square foot parcel, zoned R3. Parking is provided for 4 vehicles and each of the garage spaces will be delivered vacant. Gas and electrical utilities are separately metered and paid by residents. Common area laundry facilities are provided for resident benefit. One unit will be delivered vacant at OR shortly following the close of escrow.

Listed by Nick Astrupgaard | BRE #01893466 | KW Commercial Studio City
Co-listed by Rich Johns | BRE #01432215 | KW Commercial Studio City
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
6,129
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20558760
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,852
  • Total Rent: $1,852
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,567
  • Total Rent: $1,567
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.12
  • Gross Scheduled Income: --
  • Net Operating Income: $72,303
  • Gross Operating Income: $105,477
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 846 Alandele Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 4
  • Parcel Number: 5089013009
Location / Neighborhood
Location Information
  • Directions: GPS
View more facts & features

Local Los Angeles Agent

Sale History for 846 Alandele Ave

Last leased for $2,500 on May 1st, 2021

  • July, 2021

  • Jul 29, 2021

    Date

    Active

    CRMLS: 21766644

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    846 Alandele Ave is a 4-unit apartment building in the Miracle Mile neighborhood of Los Angeles, CA. Built in 1950, the two-story property is comprised of four (4) two-bedroom, one- bathroom units. The property offers parking and an on-site laundry facility. The units are individually metered for gas and electricity. This property provides a clear path for an investor to execute their business plan and add value to the property. Walking Score - 84 Less than a mile aways from The Shops at San Vicente, La Brea Tar Pits Sits between the Orange and Red Metro Line. Any upcoming or recent developments 846 Alandele is a mid-century style 4-unit apartment building which consists of four (4) two-bedroom one-bathroom units. This two-story apartment was built in 1950 and includes garage parking for each tenant. The property features four (4) covered parking spaces and an on-site laundry facility owned by the landlord. This area is the premier location for long term rental growth assets. A long-term high-end market, the Miracle Mile area has become the epicenter for families and professionals in Los Angeles. Investors are flocking to Miracle Mile as average rents are pushing $3,000/month and as population growth projected as steady increases for years to come, this is a seize the moment opportunity for any strong investor looking to secure property in one of LAs best submarkets. Its prime location and abundant local hot spots being but a brief walk away, all residents and working professionals obtain quick commute times in a city plagued with standstill traffic- making an abundance of renters readily available. As Miracle Mile and the surrounding areas on Wilshire Blvd continue their population and economic growth, demand will only increase to reside in one of the most growth-oriented Los Angeles submarkets.

  • May, 2021

  • May 1, 2021

    Date

    Leased

    CRMLS: PF21066212

    $2,500

    Price

  • Mar 30, 2021

    Date

    Active

    CRMLS: PF21066212

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Come home to a spacious two bed, one bath top floor unit in the heart of Miracle Mile! This unit features large windows, high ceilings, central AC/heat, updated fixtures, and plenty of closet space throughout. The kitchen includes stainless steel appliances (range/oven, refrigerator, dishwasher) while maintaining the original charm from the 1950s. One parking spot included with rent and an additional spot available upon request. This unit also includes two entrances and a shared backyard. Shared coin-operated laundry on site. Don't miss out on the opportunity to live in the heart of Museum Row on Miracle Mile with essential shops, restaurants, best museums such as LACMA, Peterson Automotive Museum, the Grove, Little Ethiopia, and yet close to UCLA and medical centers. Pets considered on a case by case basis. Contact the showing agent and make this your home today!

  • March, 2021

  • Mar 3, 2021

    Date

    Expired

    CRMLS: PF20234693

    $2,500

    Price

  • Feb 3, 2021

    Date

    Price Change

    CRMLS: PF20234693

    $2,500

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: PF20234693

    $2,600

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: PF20234693

    $2,650

    Price

  • Listing provided courtesy of CRMLS

    Come home to a spacious two bed, one bath top floor unit in the heart of Miracle Mile! This unit features large windows, high ceilings, central AC/heat, updated fixtures, and plenty of closet space throughout. The kitchen includes stainless steel appliances (range/oven, refrigerator, dishwasher) while maintaining the original charm from the 1950s. One parking spot included with rent and an additional spot available upon request. This unit also includes two entrances and a shared backyard. Shared coin-operated laundry on site. Don't miss out on the opportunity to live in the heart of Museum Row on Miracle Mile with essential shops, restaurants, best museums such as LACMA, Peterson Automotive Museum, the Grove, Little Ethiopia, and yet close to UCLA and medical centers. Pets considered on a case by case basis. Contact the showing agent and make this your home today!

  • January, 2021

  • Jan 7, 2021

    Date

    Leased

    CRMLS: PF20234711

    $2,750

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: PF20234711

    $2,750

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: PF20234711

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! A spacious two bed, one bath top floor unit on Miracle Mile is now available! The unit features large windows, high ceilings, central AC/heat, updated fixtures, and plenty of closet space throughout. The kitchen includes stainless steel appliances (range/oven, refrigerator, dishwasher) while maintaining the original charm from the 1950s. One parking spot included with rent and an additional spot available for a fee. The unit includes two entrances and a shared backyard. Shared coin-operated laundry on site. Don't miss out on the opportunity to live in the heart of Museum Row on Miracle Mile with essential shops, restaurants, best museums such as LACMA, Peterson Automotive Museum, the Grove, Little Ethiopia, and yet close to UCLA and medical centers. Pets considered on a case by case basis. Schedule a private, socially distanced showing with the agent and make this home yours today!

  • October, 2020

  • Oct 31, 2020

    Date

    Canceled

    CRMLS: 20632690

    $2,595

    Price

  • Oct 16, 2020

    Date

    Price Change

    CRMLS: 20632690

    $2,595

    Price

  • Sep 17, 2020

    Date

    Price Change

    CRMLS: 20632690

    $2,795

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: 20632690

    $2,895

    Price

  • Listing provided courtesy of CRMLS

    A spacious two bed, one bath top floor unit on Miracle Mile is now available! The unit features large windows, high ceilings, central AC/heat, updated fixtures, and plenty of closet space throughout. The kitchen includes stainless steel appliances (range/oven, refrigerator, dishwasher) while maintaining the original charm from the 1950s. One parking spot included with rent and an additional spot available for a fee. The unit includes two entrances and a shared backyard. Shared coin-operated laundry on site. Don't miss out on the opportunity to live in the heart of Museum Row on Miracle Mile with essential shops, restaurants, best museums such as LACMA, Peterson Automotive Museum, the Grove, Little Ethiopia, and yet close to UCLA and medical centers. Pets considered on a case by case basis. Come see it today!

  • October, 2020

  • Oct 31, 2020

    Date

    Canceled

    CRMLS: 20631864

    $2,595

    Price

  • Oct 4, 2020

    Date

    Price Change

    CRMLS: 20631864

    $2,595

    Price

  • Sep 17, 2020

    Date

    Price Change

    CRMLS: 20631864

    $2,695

    Price

  • Sep 12, 2020

    Date

    Active

    CRMLS: 20631864

    $2,795

    Price

  • Listing provided courtesy of CRMLS

    A spacious two bed, one bath top floor unit on Miracle Mile is now available! The unit features large windows, high ceilings, central AC/heat, updated fixtures, and plenty of closet space throughout. The kitchen includes stainless steel appliances (range/oven, refrigerator, dishwasher) while maintaining the original charm from the 1950s. One parking spot included with rent and an additional spot available for a fee. The unit includes two entrances and a shared backyard. Shared coin-operated laundry on site. Don't miss out on the opportunity to live in the heart of Museum Row on Miracle Mile with essential shops, restaurants, best museums such as LACMA, Peterson Automotive Museum, the Grove, Little Ethiopia, and yet close to UCLA and medical centers. Pets considered on a case by case basis. Come see it today!

  • July, 2020

  • Jul 6, 2020

    Date

    Sold

    CRMLS: 20558760

    $1,800,000

    Price

  • Apr 15, 2020

    Date

    Pending

    CRMLS: 20558760

    $1,950,000

    Price

  • Feb 27, 2020

    Date

    Active

    CRMLS: 20558760

    $1,950,000

    Price

  • July, 2020

  • Jul 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,800,000

    Price

  • December, 2000

  • Dec 14, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 846 Alandele Ave

Assessed Value (2020): $144,994
Year Land Value Improved Value Assessed Value
2020 $64,314 $80,680 $144,994

Home Value Compared to the Market

This property vs the competition

846 Alandele Ave sold on July 2, 2020 for 63.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 846 Alandele Ave

Detailed summary of property

846 Alandele Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 6,129 square foot lot. 846 Alandele Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,800,000. 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 63.87% higher than the current median priced home. Local homes that are currently for sale include 1236 Hi Point St, 6446 W 6th St and 1132 S Crescent Heights Blvd. While the average home in Los Angeles, CA is selling in 92 days, 846 Alandele Ave has a days on market of 48 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 846 Alandele Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 846 Alandele Ave

Public county record property details
Beds
8
Baths
4
Year built
1950
Sq. Ft.
4,384
Lot Size
6,129
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
5089-013-009

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$883
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
45
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 846 Alandele Ave

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Recently Sold Homes Near 846 Alandele Ave

828 Alandele Ave, Los Angeles, CA 90036
$1,700,000 Last Sold Price
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828 Alandele Ave
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839 Alandele Ave, Los Angeles, CA 90036
$1,876,500 Last Sold Price
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839 Alandele Ave
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820 Alandele Ave, Los Angeles, CA 90036
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856-858 S Stanley Ave, Los Angeles, CA 90036
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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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