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1280 West Blvd, Los Angeles, CA 90019
$1,370,000
1280 West Blvd, Los Angeles, CA 90019View this property at 1280 West Blvd, Los Angeles, CA 90019
1280 West BlvdLos AngelesCA90019
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Property Description
Proudly presenting this prime Mid-City 4plex at 1280 West Blvd, LA 90019. Featuring four large 2+1 units with 4,028 total rentable SF. At our $1.4M asking price, the property is priced at: $350,000/unit; a 16.25 current GRM; a 12.15 market GRM; a 4.08% current CAP; a 5.93% market CAP, and $348/SF. This clean asset presents an investor with stable in-place income, plus great future rent upside as the existing tenants vacate. All four units are currently tenant occupied, but an owner-user buyer could legally vacate a unit through the City once the eviction moratorium is lifted. This large 7,031sf lot zoned R3 also offers future redevelopment potential allowing for approx. 8 units by-right (also TOC Tier 2). Prime Mid-City location steps from the Queen Anne Park/Recreation Center and a short walk to the Midtown Crossing center with its great list of national retailers including: Lowes; Ross; Smart & Final; Starbuck's; Wells Fargo; Chase, Planet Fitness; Jersey Mike's & Panda Express to name a few. Additionally, the property is less than a mile from numerous grocery options including Ralphs; Sprouts, and the new Target Mid-City located locally on La Brea. Also only a short trip to local food favorites like Gus's Fried Chicken; the Grain Cafe; Tom's Burgers; La Cevicheria; Leo's Taco Truck, and Mateo's Fruit Bars to name a few options. A fantastic walk score of 90 and transit score of 64 makes this property a walker/commuter's paradise. It's also a very family-friendly neighborhood with great parks like LA High Memorial & Harold Henry Park in close proximity, as well as quality local education options including Pico Preschool; Queen Anne Place Elementary, and LA High School. Contact us today before this unique property is gone.
Full Property Details
Full Property Details for 1280 West Blvd
General
- Sold For: $1,370,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-784804
- Added to Site: 946 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
- Spa Description: None
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 4
- Garage Description: Garage - 4+ Car, Driveway
Location
- Area: Hancock Park-Wilshire
- County: Los Angeles
- Cross Streets: Pico & West Blvd
- Driving Directions: Property is located on West Blvd just north of Pico & south of 12th St.
- Direction Faces: West
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Utilities
- Sewer: In Street
- Water: Public
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 4,028
- Sq. Ft. Source: Assessor
- Year Built: 1949
- Year Built Source: Assessor
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Property View: City, City Lights
- Lot Size (Acres): 0.1614
- Lot Size: 7031
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $347.57
- Price Per Unit: 350000
- Assessment Year: 1949
- Owner Pays: Gardener, Water
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5082-011-007
Listed by Keller Williams Realty Los Feliz, Matthew Dunfrund
Sold by Andrew C. Lee, Kimiyasu Murayoshi
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Schools
Schools serving 1280 West Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1212 Queen Anne Pl, Los Angeles, CA 90019 | K-5 | 0.2 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 0.6 mi | |
4650 W Olympic Blvd, Los Angeles, CA 90019 | 9-12 | 0.5 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 1280 West Blvd
Date
Details
Price
Change
Source
11/12/2021
Sold
$1,370,000
-2.14%
MLS
9/16/2021
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1280 West Blvd, Los Angeles, CA 90019 (MLS# 21-784804) is a Multi-Family property that was sold at $1,370,000 on November 12, 2021. Want to learn more about 1280 West Blvd? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.