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SOLD 10/21/2022

1918 N Grace Avenue, Los Angeles, CA 90068$3,100,000

1
bed
1
bath
10588
ft2
· 10399
ft2 lot
$378 / ft2

Listing provided courtesy of Listing Broker: Mark Konopaske, Mark Konopaske
Source CRMLS;
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We are pleased to present 1918 Grace Avenue, an 18 unit apartment building located in the heart of Hollywood. The subject property is conveniently located near major dining and entertainment destinations such as the Hollywood Farmer's Market, Mama Shelter, Trejo's Cantina, The Dolby Theater and The Hollywood Bowl.The 10,588 sf two-story building sits on a 10,399 sf lot and is comprised of (18) one bedroom and one bathroom units. The subject property is ready for a new investor to take full advantage of its upside potential.

HOA

No HOA

On market

a month

Year built

1910

Property type

Multi-Family

Parking

10

MLS

22175881

Price / Sq.Ft.

$378 / ft2

Status

Closed

Buyer’s Brokerage Commission

2%

Home details for 1918 N Grace Avenue

Interior Features & Layout
Rooms Info
•   
Entry Level: 3
Appliances
•   
Security Features: Gated Community, Resident Manager, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
Heating & Cooling
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 10588.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: Main Level
•   
Zoning: LAR4
•   
Stories Total: 3
•   
Num Stories: Three Or More
•   
Year Built Source: Assessor
•   
Construction Materials: Frame, Stucco, Wood Siding
Parking Info
•   
Parking Available: 1
•   
Parking Features: Uncovered, Assigned, Gated
•   
Uncovered Spaces: 10.00
Property Features
•   
View: City Lights, Panoramic
•   
Property Condition: Fixer
Lot Info
•   
Lot Features: Rectangular Lot
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.2387
•   
Lot Size Area: 10399.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 18
Utilities & Other Information
Water & Sewer Info
•   
Sewer: Other
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 271149.00
•   
Vacancy Allowance Rate: 1.00
•   
Cap Rate: 3.61
•   
Total Expenses: 113249.00
•   
Gross Multiplier: 14.75
Tax/Assessment Info
•   
Gross Income: 257592.00
Lease Info
•   
Net Operating Income: 144342.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 18
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1233.00
•   
Unit 1 Total Rent: 22199.00
Multi Unit Information
•   
# Of Units: 1
•   
Price Per Unit: 222222
School Neighborhood & Directions
School Info
•   
Directions: From 101 FWY, Turn West on Franklin Ave, Turn North on Grace Ave.
Other
Calculation
•   
Dom: 33

Property History for 1918 N Grace Avenue

10/21/2022
10/21/2022
CRMLS #22175881
sold
CRMLS #22175881
$3,100,000
--22.50%
08/08/2022
08/08/2022
CRMLS #22175881
pending
CRMLS #22175881
$4,000,000
07/06/2022
07/06/2022
CRMLS #22175881
active
CRMLS #22175881
$4,000,000

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