11370 Ovada Place

    Los Angeles (City), CA 90049
    • $2,800,000
    • STATUS: Closed
    • ON SITE: 269 days
    • MLS #: 19-476346
    Sold - 02/21/2020
    $2,800,000
    SOLD - 02/21/2020
    • 7
      BEDS
    • 0.3
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,341
      SQFT
    • $0
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Buyer did not perform! Originally built in 1947, this rare Bel Air 4-plex (5,341 sq ft on a 13,080 sq ft lot) has a 3 bedroom/3 bath owner's unit which has a private brick backyard, basement and tithe barn. The tithe barn is a separate structure comprised of a private oversized two-car garage, office and storage above. The 3rd structure is a laundry room and bathroom with another two-car garage attached. On the 1st level, there is also a cottage style 1 bedroom unit (1 car garage) loaded with charm with a large garden in the back and along the West side of the property. Upstairs, there is a 2 bedoom/2 bathroom unit with a covered patio with a private two-car garage. Also, there is a 2 bedroom/1 bathroom plus den with a partial covered patio with a laundry that comes with a 1 car garage. Perfect for owner user or developer. First time on the market in 40 years. All tenants are on a month to month leases. Low expenses.

    Sold by Michael Monempour BRE#01293667 of Kidder Mathews Of California, Inc..

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-05-25T22:42:15.5. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/98454755

    11370 Ovada Place Los Angeles (City), CA 90049

    • Price: $2,895,000
    • Status: Closed
    • Updated: 22 min ago
    • MLS #: 19-476346
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.3
    Acres
    5,341
    SQFT
    $0
    $/SQFT
    1947
    Built
    Neighborhood:
    Bel Air - Holmby Hills (C04)
    County:
    Los Angeles
    Area:
    Bel Air - Holmby Hills (C04)
    Property Description
    Buyer did not perform! Originally built in 1947, this rare Bel Air 4-plex (5,341 sq ft on a 13,080 sq ft lot) has a 3 bedroom/3 bath owner's unit which has a private brick backyard, basement and tithe barn. The tithe barn is a separate structure comprised of a private oversized two-car garage, office and storage above. The 3rd structure is a laundry room and bathroom with another two-car garage attached. On the 1st level, there is also a cottage style 1 bedroom unit (1 car garage) loaded with charm with a large garden in the back and along the West side of the property. Upstairs, there is a 2 bedoom/2 bathroom unit with a covered patio with a private two-car garage. Also, there is a 2 bedroom/1 bathroom plus den with a partial covered patio with a laundry that comes with a 1 car garage. Perfect for owner user or developer. First time on the market in 40 years. All tenants are on a month to month leases. Low expenses.
    Exterior Features

    Covered Spaces Total 6 Garage Spaces Total 4.0 Other Structures Accessory Bldgs Parking Spaces Total 8 Parking Type AssignedGarage - Single DoorGarage - Two DoorParking For Guests - Onsite

    Interior Features

    Appliances DishwasherGarbage DisposalGas Dryer Hookup Cooking Appliances Built-InsRange HoodRange Cooling Type Air ConditioningCentral A/CWall Unit(S) Heating Type Central Furnace Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Furnished Unit Furnished03 Furnished Unit Furnished04 Furnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 3.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 1

    Property Features

    Actual Annual Gross Rent 144000.00 Adjusted Gross Income 165062.00 Assessed Improvement Value 171820.00 Assessed Land Value 471849.00 Cap Rate 4.00 Country United States Of America Expense Total Annual 46200.00 Gross Operating Income 165062.00 Gross Rent Multiplier 18.15 Hoa YN N Legal Disclosures City Inspection RequiredLa/Owner RelatedRent Control Lot Size Source Public Records Net Operating Income 118800.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 6500.00 Unit Monthly Rent02 2343.25 Unit Monthly Rent03 2731.56 Unit Monthly Rent04 1180.38 Unit Projected Total Monthly Rent01 6500.00 Unit Projected Total Monthly Rent02 3500.00 Unit Projected Total Monthly Rent03 3750.00 Unit Projected Total Monthly Rent04 2250.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 2343.25 Unit Total Monthly Rent03 2731.56 Unit Total Monthly Rent04 1180.38 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning Lard1.5

    Listing provided courtesy of Gwen Fritzinger DRE#01293667 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-05-25T22:42:15.5. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211