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Map
$2,350,253*
●
Multifamily -
Off Market
5831 VIRGINIA Avenue
Los Angeles (City), CA 90038
10 Beds
6 Baths
5050 Sqft
$1,440,000 - $1,758,000
Reference Base Price*
46.98%
Since Jun 1, 2019
CA-Los Angeles
Primary Model
About This Property
The subject property is a six-unit apartment complex-duplex +
fourplex-built in 1959 and located in the Hollywood submarket of
Los Angeles. Ideally situated on Virginia Avenue, just north of
Santa Monica Blvd between Gower and Wilton, these units average
nearly 850 sf each. The improvements are built on a 7,499 square
foot lot with a total rentable square footage of 5,050. There are 8
on-site parking spaces as well as on-site laundry. Each
well-maintained unit is individually metered for gas and
electricity. Development potential is also an option. The property
is zoned R3-1, allowing for 9 units, by right. The lot is
recognized as Tier 2 under the new TOC Guidelines under Section 6
of Measure JJJ. This allows for a 60% density bonus and less
restrictive parking requirements (1 space/ dwelling). With the
density bonus, the number of buildable units potentially increases
to 15. Loan assumption at 4.3% IO fixed until 2023. Contact LA1 for
details.
The manager has listed the unit size as 5050 square feet.
The manager has listed the unit size as 5050 square feet.
Unit Size
5,050Ft²
Days on Market
-
Land Size
7,499.00 acres
Price per sqft
$317
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1959
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 16, 2019 | No longer available | - | |
No longer available | |||
Apr 17, 2019 | Listed | $1,599,000 | |
Listed |
Property Highlights
Parking Available
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
7
Beds
3
Baths
3,370 ft²
$534/ft²
$1,800,000
Feb 20, 2024
-
-
Active
Triplex
5
Beds
3
Baths
2,211 ft²
$604/ft²
$1,335,000
Apr 1, 2024
-
-
Condo
1
Bed
3
Baths
1,942 ft²
$746/ft²
$1,449,000
Feb 22, 2024
-
$2,895/mo
Active
House
3
Beds
2
Baths
1,956 ft²
$920/ft²
$1,799,000
Apr 23, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/04/2018
|
|
10 Bed
|
6 Bath
|
5050 ft²
|
-
10 Bed
6 Bath
5050 ft²
|
-
-
|
-
|
-
|
Building Info
About Central LA
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