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8633 Hervey St Los Angeles, CA 90034

$1,600,000 Sold Price as of 10/27/2020

4 Beds
2 Baths
2,810 Sq.Ft.

Sold

$1,600,000 Sold Price as of 10/27/2020 Refinance Your Mortgage

Map preview of 8633 Hervey St, Los Angeles, CA 90034

Property Overview: 8633 Hervey St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,810 living square feet and 9,820 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GREAT INVESTMENT OPPORTUNITY for Investors looking for great potential duplex to be converted into a 5-6 units multi-family complex. It is located in the upcoming Culver City Art District, close to HELM Stores, , Amazon headquarters, Culver City Outdoor Shopping Center and Metro Link are all close by. The lot size is 9,820 sf, ideal for re-development! There are 3 stand alone enclosed 2 car garages. Investors could consider creating 3 tri-level units, with the garages tucked under. The zoning is LARD 1.5, many new developments going on in the nearby neighborhood. The large flat yard is easy to build. The existing duplex has been recently retrofitted. There is an alley way, which is perfect for more access points. The upside is that you can rent the present duplex, while you process the paperworks with the city, this way, you can get rental income, while you renovate the backyard and the garage. The duplex is close to Expo-Line, Whole Foods and many great restaurants and retails stores. The new development of 180,000 sf office space is close by on Jefferson Blvd, which will be ideal for renters. Please do your own due diligence for accuracy, as well as the city’s allowable spaces.

Listed by Christine Iso | BRE #01870716 | Keller Williams Encino-Sherman Oaks

Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft: 9,820
HOA Dues: $0/mo
Year built: 1931
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: SR20140016
City: Los Angeles
County: Los Angeles
Time on Site: 1220 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 1
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 22.7
Gross Scheduled Income: $33,600
Net Operating Income: $22,794
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $10,806
Electric: $1,862
Gas/Fuel: $882
Licenses: $82
New Taxes: $1,405
Trash: $157
Gardener: $1,200
Insurance: $3,548
Water/Sewer: $1,070

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 8633 Hervey St

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Included

Fireplace Information

Has Fireplace
Living Room

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 5065008017
Year Built Source: Assessor
Property is not Attached
Offered With Property: washer and dryer, oven, refrigerator, dishwasher

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Adjacent to Vencie Blvd and La Cienaga Blvd.

Neighborhood Information

Community Features: Curbs, Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 8633 Hervey St

Last sold for $1,600,000 on October 29th, 2020

November, 2020
Nov 1, 2020

Date

Sold

CRMLS: SR20140016

$1,600,000

Price
Oct 27, 2020

Date

Pending

CRMLS: SR20140016

$1,600,000

Price
Oct 25, 2020

Date

Sold

CRMLS: SR20140016

$1,600,000

Price
Sep 23, 2020

Date

Pending

CRMLS: SR20140016

$1,600,000

Price
Sep 16, 2020

Date

Price Change

CRMLS: SR20140016

$1,600,000

Price
Aug 28, 2020

Date

Price Change

CRMLS: SR20140016

$1,650,000

Price
Jul 18, 2020

Date

Active

CRMLS: SR20140016

$1,695,000

Price
October, 2020
Oct 29, 2020

Date

Sold (Public Records)

Public Records

$1,600,000

Price
July, 2020
Jul 17, 2020

Date

Canceled

CRMLS: 20598350

$1,700,000

Price
Jul 17, 2020

Date

Withdrawn

CRMLS: 20598350

$1,700,000

Price
Jul 10, 2020

Date

Price Change

CRMLS: 20598350

$1,700,000

Price
Jul 1, 2020

Date

Active

CRMLS: 20598350

$1,800,000

Price
Listing provided courtesy of CRMLS

We are proud to present this development opportunity in the very desirable and rapidly evolving Culver City Art District. This vacant duplex, sitting on a 9,820 SF LARD1.5 lot, gives a developer the potential to build up to 7 small lot or apartment units similar to surrounding projects. Alongside the property also lies a wide 20 foot alleyway ideal for developers as an access point, allowing for additional density. Great location! just steps away from the Expo Line, the up and coming Amazon headquarters, and all of the shopping and entertainment Downtown Culver City has to offer. Nearby is also the pending Expo-Line Adjacentdevelopment comprising of a large mixed-use complex with 1,210 apartments, a Whole Foods, and additional ground-floor retail and restaurant space. Furthermore, the180,000-square-foot of office space currently being developed nearby on Jefferson Blvd also provides additional upside. Buyer must verify the information above and bears all risk for any inaccuracies.

Continue Reading
July, 2020
Jul 17, 2020

Date

Canceled

CRMLS: 20595354

$1,700,000

Price
Jul 17, 2020

Date

Withdrawn

CRMLS: 20595354

$1,700,000

Price
Jul 10, 2020

Date

Price Change

CRMLS: 20595354

$1,700,000

Price
Jul 1, 2020

Date

Active

CRMLS: 20595354

--

Price
Jun 24, 2020

Date

Active Under Contract

CRMLS: 20595354

--

Price
Listing provided courtesy of CRMLS

We are proud to present this development opportunity in the very desirable and rapidly evolving Culver City Art District. This vacant duplex, sitting on a 9,820 SF LARD1.5 lot, gives a developer the potential to build up to 7 apartment or small lot units similar to surrounding projects. Alongside the property also lies a wide 20 foot alleyway ideal for developers as an access point, allowing for additional density. Great location! Just steps away from the Expo Line, the up and coming Amazon headquarters, and all of the shopping and entertainment Downtown Culver City has to offer. Nearby is also the pending Expo-Line Adjacent development comprising of a large mixed-use complex with 1,210 apartments, a Whole Foods, and additional ground-floor retail and restaurant space. Furthermore, the 180,000-square-foot of office space currently being developed nearby on Jefferson Blvd also provides additional upside. Buyer must verify the information above and bears all risk for any inaccuracies.

Continue Reading
July, 2020
Jul 12, 2020

Date

Expired

CRMLS: 20591350

--

Price
Jul 1, 2020

Date

Withdrawn

CRMLS: 20591350

--

Price
Jul 1, 2020

Date

Active

CRMLS: 20591350

--

Price
Jun 24, 2020

Date

Active Under Contract

CRMLS: 20591350

--

Price
Listing provided courtesy of CRMLS

We are proud to present this development opportunity in the very desirable and rapidly evolving Culver City Art District. This vacant duplex, sitting on a 9,820 SF LARD1.5 lot, gives a developer the potential to build up to 7 small lot or apartment units similar to surrounding projects. Alongside the property also lies a wide 20 foot alleyway ideal for developers as an access point, allowing for additional density. Great location! just steps away from the Expo Line, the up and coming Amazon headquarters, and all of the shopping and entertainment Downtown Culver City has to offer. Nearby is also the pending Expo-Line Adjacentdevelopment comprising of a large mixed-use complex with 1,210 apartments, a Whole Foods, and additional ground-floor retail and restaurant space. Furthermore, the180,000-square-foot of office space currently being developed nearby on Jefferson Blvd also provides additional upside. Buyer must verify the information above and bears all risk for any inaccuracies.

Continue Reading
June, 2020
Jun 19, 2020

Date

Canceled

CRMLS: 20586712

$1,825,000

Price
Jun 17, 2020

Date

Withdrawn

CRMLS: 20586712

$1,825,000

Price
Jun 16, 2020

Date

Active

CRMLS: 20586712

$1,825,000

Price
Jun 12, 2020

Date

Withdrawn

CRMLS: 20586712

$1,825,000

Price
Jun 4, 2020

Date

Active

CRMLS: 20586712

$1,825,000

Price
Listing provided courtesy of CRMLS

The Blackmar Group is pleased to present a redevelopment opportunity in one of the most desirable neighborhoods adjacent to Culver City. Located in the Art District of Culver City, this 9,820 SF lot currently has a duplex on it that can be delivered fully vacant. The property also has a freestanding standing covered parking garage that can be redeveloped to fit more vehicles, including a landlord's office. Zoned LARD1.5, this property's lot lends itself to a 6-unit redevelopment or a small lot subdivision similar to the neighboring development projects. The property is adjacent to an alley as well, which allows for additional density to be built and more access points. For this location, it is a rare occurrence that a duplex can be delivered fully vacant. This permits the new owner to rent each unit at fair market value should they wish to hold the property as an income-generating asset or while they await approvals for redevelopment plans.

Continue Reading
June, 2020
Jun 19, 2020

Date

Canceled

CRMLS: 20586644

$1,825,000

Price
Jun 17, 2020

Date

Withdrawn

CRMLS: 20586644

$1,825,000

Price
Jun 16, 2020

Date

Active

CRMLS: 20586644

$1,825,000

Price
Jun 12, 2020

Date

Withdrawn

CRMLS: 20586644

$1,825,000

Price
Jun 4, 2020

Date

Active

CRMLS: 20586644

$1,825,000

Price
Listing provided courtesy of CRMLS

The Blackmar Group is pleased to present a duplex for sale in one of the most desirable neighborhoods adjacent to Culver City. Located in the Art District of Culver City, this 9,820 SF lot has redevelopment potential and can be delivered fully vacant. The property also has a freestanding standing covered parking garage that can be redeveloped to fit more vehicles, including a landlord's office. Zoned LARD1.5, this property's lot lends itself to a 6-unit redevelopment or a small lot subdivision similar to the neighboring development projects. The property is adjacent to an alley as well, which allows for additional density to be built and more access points. For this location, it is a rare occurrence that a duplex can be delivered fully vacant. This permits the new owner to rent each unit at fair market value should they wish to hold the property as an income-generating asset or while they await approvals for redevelopment plans.

Continue Reading

Tax History for 8633 Hervey St

Assessed Value (2020): $82,883

Year	Land Value	Improved Value	Assessed Value
2020	$50,184	$32,699	$82,883

Home Value Compared to the Market

This property vs the competition

8633 Hervey St sold on October 27, 2020 for 34.45% 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 $569.4 per/sqft which puts the price per square foot 24.58% lower than the current median sale per square foot for the city of Los Angeles.

About 8633 Hervey St

Detailed summary of property

8633 Hervey St is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,810 living square feet, and sits on an approximately 9,820 square foot lot. 8633 Hervey St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,600,000. 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 34.45% higher than the current median priced home. Local homes that are currently for sale include 5426 Smiley Dr, 1847 S Curson Ave and 1132 S Wooster St. While the average home in Los Angeles, CA is selling in 94 days, 8633 Hervey St has a days on market of 60 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 8633 Hervey St Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8633 Hervey St

Public county record property details

Beds: 4
Baths: 2
Year built: 1931
Sq. Ft.: 2,810
Lot Size: 9,819
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 330
APN: 5065-008-017

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,895,000

Median List Price/Sq.Ft.

$900

Median Sold Price

$2,079,000

Median Sold Price/Sq.Ft.

$899

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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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.