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3650 Monon Street, Los Angeles, CA 90027
$5,600,000
3650 Monon Street, Los Angeles, CA 90027View this property at 3650 Monon Street, Los Angeles, CA 90027
3650 Monon StreetLos AngelesCA90027
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Property Description
Price reduced by $675,000. This building includes 20 Units in the Los Feliz Silver-Lake area! The offering provides investors with a unique opportunity to acquire twenty units in a premier Los Angeles rental market with meaningful long-term capital appreciation.
3650 Monon Drive is ideally located in Los Feliz (border of Silver Lake) nearby to many neighborhood hotspots! It features an ideal unit composition of 2 large three Bedrooms, 8 two Bedrooms, 2 one Bedroom, and 1 Single unit. The units offer many original details featured from 1960s construction such as original windows with beautiful natural light coming in. This building includes elevators, a washer/dryer room, and some of the units have been remodeled. 13.18 GRM, $300,000 per Unit, and Trust Sale.
All units are currently rented out with the opportunity to increase rent prices. The location is ideal for renters looking to live in the beautiful and fun Silver Lake market! Silver Lake attracts young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 3650 Monon Drive is a short walk from many happening coffee shops and dining options and a short drive to Downtown LA and Hollywood!
Full Property Details
Full Property Details for 3650 Monon St
General
- Sold For: $5,600,000
- Status: Closed
- Type: Multi-Family
- MLS ID: GD23041106
- Added to Site: 455 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: 637 - Los Feliz
- County: Los Angeles
- Development Name: 637 - Los Feliz
- Driving Directions: Hyperian South turn right on Monon
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 21
- # Electric Meters: 21
Structural Information
- Square Feet: 19,503
- Year Built: 1966
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 7
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 9
- Total Bathrooms: 2
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.3237
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 11-15 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $287.14
- Price Per Unit: 300000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Re/Max Tri-City Realty, Arthur Mangassarian
Sold by Keller Williams Realty Los Feliz, Vahan Saroians
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Schools
Schools serving 3650 Monon St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2828 Herkimer St, Los Angeles, CA 90039 | K-5 | 0.4 mi | |
4201 Fountain Ave, Los Angeles, CA 90029 | 6-8 | 0.9 mi | |
3939 Tracy St, Los Angeles, CA 90027 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3650 Monon St
Date
Details
Price
Change
Source
12/06/2023
Sold
$5,600,000
-6.67%
MLS
4/26/2023
Price Reduced
$6,000,000
-11.11%
MLS
3/14/2023
Listed
$6,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3650 Monon Street, Los Angeles, CA 90027 (MLS# GD23041106) is a Multi-Family property that was sold at $5,600,000 on December 06, 2023. Want to learn more about 3650 Monon Street? Do you have questions about finding other Multi-Family real estate for sale in Los Feliz? You can browse all Los Feliz real estate or contact a Coldwell Banker agent to request more information.