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Dilbeck Real Estate
Real Living
818-790-6774

4234 LOCKWOOD AVE, LOS ANGELES CA, 90029

(Closed)
Sold Price:
$1,590,000
Date:11/26/2013
|
8,643 sqft
|
MLS# 13698689
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Listing Provided Courtesy Of: Marcus & Millichap
Last Updated: 4/18/2014 11:28 AM
Description for 4234 LOCKWOOD AVE LOS ANGELES, CA 90029
4234 Lockwood Avenue, a 10-unit apartment building located in Hollywood's Virgil Village neighborhood, adjacent to Silver Lake. This property offers close proximity to the modern avante garde dining and shopping community, as well as the allure and entertainment of Hollywood. With plans to rehabilitate the main drag of Virgil Avenue, the Los Angeles Neighborhood Initiative will implement changes to reduce traffic and beautify Virgil Village, making it safer and more foot traffic-friendly.Situated on a large lot, this property has an attractive unit mix: 3 one-bed/one-bath, 6 two-bed/one-bath and 1 three-bed/two-bath units. These spacious units are separately metered for gas and electricity and each have their own individual A/C unit. The current owners remodeled three units with laminate wood floors, granite counters, new appliances and new bathrooms. With continued renovations, an investor has potential to push rents to market rates for almost 30% in rental upside.
Price
Sold Price:
$1,590,000
Sold Date:11/26/2013
Los Angeles
8,643 (approx)
13698689
Closed
Description
4234 Lockwood Avenue, a 10-unit apartment building located in Hollywood's Virgil Village neighborhood, adjacent to Silver Lake. This property offers close proximity to the modern avante garde dining and shopping community, as well as the allure and entertainment of Hollywood. With plans to rehabilitate the main drag of Virgil Avenue, the Los Angeles Neighborhood Initiative will implement changes to reduce traffic and beautify Virgil Village, making it safer and more foot traffic-friendly.Situated on a large lot, this property has an attractive unit mix: 3 one-bed/one-bath, 6 two-bed/one-bath and 1 three-bed/two-bath units. These spacious units are separately metered for gas and electricity and each have their own individual A/C unit. The current owners remodeled three units with laminate wood floors, granite counters, new appliances and new bathrooms. With continued renovations, an investor has potential to push rents to market rates for almost 30% in rental upside.
Listing Information
Property Type: Multi-Family
9,299 Sq. Ft. Vendor Enhanced (N) 8,643 (approx)
Vendor Enhanced (N) $199.58 1963
Frame and Stucco
10 Total
Neighborhood
Room Information
Interior Features
Refrigerator, Range
Air Cond. Unit
Wall Unit
Exterior / Lot Features
10 Parking Spaces, Assigned
LARD1.5
Driving Directions
Two blocks South of Santa Monica Blvd on Lockwood Ave, East of N Virgil Ave and West of N Hoover St.
Financial Considerations
5539007030
21450.0000
Income ,$50,807
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90029 has a population of  3,792,621.

The median household income in LOS ANGELES, California 90029 is $46,901. The median household income for the surrounding county is $52,874 compared to the national median of $50,935. The median age of people living in LOS ANGELES 90029 is 34.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Marcus & Millichap Neema Ahadian
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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