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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
1
bed 1
bath 10588
ft2 · 10399
ft2 lotListing provided courtesy of Listing Broker: Mark Konopaske, Mark Konopaske
Source CRMLS;
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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Real estate brokerage licenses
1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
Flyhomes is registered trademark of Flyhomes, Inc.
NMLS Consumer Access
Affiliated Business Arrangement Disclosure