9741 W Pico Blvd, Los Angeles, CA 90035
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9741 W Pico Blvd Los Angeles, CA 90035

$6,250,000
  • 20 Beds
  • 20 Baths
  • 13,124 Sq.Ft.
For Sale
$6,250,000 Get Pre-Qualified

Map preview of 9741 W Pico Blvd, Los Angeles, CA 90035

Property Overview: 9741 W Pico Blvd Los Angeles, CA has 20 bedrooms, 20 bathrooms, 13,124 living square feet and 12,147 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a twenty (20) unit apartment building located at 9741-9751 West Pico Boulevard in West Los Angeles, California. The subject property is situated in a prime Beverlywood location and in close proximity to Century City. The property is located just down the street from Hilcrest Country Club and occupies the entire block of Pico boulevard frontage between Daniels Drive and Castello Avenue. just West of Beverwil Drive and just south of Roxbury Park.Constructed in 1953, the Subject Property has been well maintained by the same ownership for over five decades. The building features a streamlined unit mix surrounding garden courtyard consisting of twenty (20) 1 bed/1 bath units. Each unit features a dishwasher, microwave, stove, and refrigerator as well as the luxury of on-site laundry. The total size of the building is approximately 12,143 square feet and sits on a 13,124 square foot lot (Zoned C4.)The offering is in Beverlywood, which is a trendy neighborhood within the West Side of Los Angeles. The area is known for its diverse culinary scene, historic LA attractions, and upscale shopping options. Major attractions such as Westfield Century City Mall, South Beverly Drive, Rodeo Drive, Fox Studios, Roxbury Park, and Rancho Park are all in close proximity of the property. With a Walk Score of 88, most of the tenants' errands can be handled within close proximity. Commuters will appreciate this property's central location in West Los Angeles which provides easy access to major arterial thoroughfares like the 10 and 405 freeways. An experienced investor, looking to capitalize on an A+ location with excellent rental upside, will find plenty of opportunity at the West Pico Boulevard Apartments.

Listed by Eliyahu Appel | BRE #01918652 | Marcus & Millichap
Co-listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: March 8th, 2024 | Source CRMLS | DOM: 141
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Home details

Lot Sq. Ft
12,147
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23334897
City
Los Angeles
County
Los Angeles
Time on Site
151 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,663
  • Total Rent: $33,254
  • Pro Forma/Market Rent: $43,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.55%
  • Gross Rent Multiplier: 15.36
  • Gross Scheduled Income: --
  • Net Operating Income: $222,084
  • Gross Operating Income: $394,643
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 9741 W Pico Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 20
  • Parcel Number: 4330013028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Beverwil Drive and south of Roxbury Park
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Sale History for 9741 W Pico Blvd

Last sold on April 29th, 2003
  • November, 2023

  • Nov 27, 2023

    Date

    Active

    CRMLS: 23334897

    $6,495,000

    Price

  • April, 2003

  • Apr 29, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 9741 W Pico Blvd

Assessed Value (2020): $879,742
Year Land Value Improved Value Assessed Value
2020 $579,648 $300,094 $879,742

Home Value Compared to the Market

This property vs the competition

9741 W Pico Blvd is listed 400.4% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $476.23 per/sqft which puts the price per square foot 38.31% lower than the median price per square foot for the city of Los Angeles.

About 9741 W Pico Blvd

Detailed summary of property

9741 W Pico Blvd is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 20 bedrooms, 20 bathrooms, roughly 13,124 living square feet, and sits on an approximately 12,147 square foot lot. 9741 W Pico Blvd was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner is currently asking $6,250,000 and was originally asking $6,495,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 400.4% higher than the median priced home. Local competing homes currently for sale include 11920 Montana Ave, 1627 N Poinsettia Pl and 1042 Wilcox Ave. While the average home in Los Angeles, CA is selling in 97 days, 9741 W Pico Blvd has a days on market of 141 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 9741 W Pico Blvd 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 9741 W Pico Blvd

Public county record property details
Beds
20
Baths
20
Year built
1953
Sq. Ft.
13,124
Lot Size
12,143
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
142,143
APN
4330-013-028

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
$1,225,000
Median List Price/Sq.Ft.
$785
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$836
Total Inventory
51
Median Sale to List Price %
92.92%
Avg Days on Market
47
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (15.38%)

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Related Resources to 9741 W Pico Blvd

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.