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7023 West Sunset Boulevard

7023 West Sunset Boulevard, Los Angeles, CA 90028
7023 West Sunset Boulevard in Los Angeles, CA was first built in 1958 and is 66 years old. Although, the building on the property was most recently renovated and altered in 1959. This has been categorized as a commercial property type. There are a total of 2 floors. 7023 West Sunset Boulevard has 26,312 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 24,000 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a flat style roof made of tar and gravel. For those who need parking, there is a garage underground or in the basement. The garage is 20,823 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7023 West Sunset Boulevard was last sold in Feb 26, 2020 for $22,900,000. According to our calculations, that's $870.33 per sqft. Current property owners are expected to pay $277,439 in taxes per year. The property on 7023 West Sunset Boulevard was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $23,995,627. To break that down further, the land itself was valued at $13,307,919. While improvements to the property were assessed at a total of $10,687,708. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 74
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Garage Square Area: 20,823
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 24,000
  • Total Building Area: 26,312
  • Gross Building Area: 26,312
  • Building Area: 26,312
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 26,312
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: HOLLYMAR TR
  • Land Acres: 0.551
  • Standard Land Use Code: Motel
  • Legal Description 1: HOLLYMAR TRACT LOTS 9 AND LOT/SEC 10

Ownership

  • Current Owner : HOLLYWOOD HOSPITALITY GROUP LLC
  • Previous Owner : SHIAU LING SHA
  • Previous Owner 2: SHIAU PETER S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 190102

Zoning

  • Zoning: LAC4

Geography

  • Assessors Map Reference: 34-B3
  • Parcel: 5548-013-008
  • Lot: 9
  • Municipality: HALL OF ADMIN/MOTELS - W
  • Latitude: 34.0984
  • Longitude: -118.342

    Address

  • Full Address: 7023 W Sunset Blvd
  • Address - House Number: 7023
  • Street Direction: W
  • Address - Street Name: Sunset
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C025
  • 4-Digit Zip Code: 7509
  • Zip Code: 90028

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $277,439
  • Tax Rate Code Area: 00-200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $20,000,000
  • First Open Lien Mortgage Lender: READYCAP COMMERCIAL LLC
  • First Open Lien Mortgage Recording Date: Mar 02, 2020
  • First Open Lien Mortgage Loan Amount: $20,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,995,627
  • Assessed Land Value: $13,307,919
  • Assessed Improvements Value: $10,687,708

    Sales

  • Current Sale Contract Date: Feb 26, 2020
  • Current Sale Recording Date: Mar 02, 2020
  • Current Sale Transaction ID: 11743379049
  • Current Sale Price: $22,900,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-0247488

    Last Sale Mortgage

  • First Mortgage Lender: READYCAP COMMERCIAL LLC
  • First Mortgage Transaction Date: Mar 02, 2020
  • First Mortgage Loan Amount: $20,000,000
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 7023 West Sunset Boulevard located in?
The 7023 West Sunset Boulevard is a located in the neighborhood of Central Hollywood in Central LA, Los Angeles.
What is the average sales price for listings in 7023 West Sunset Boulevard?
The average sales price for units in 7023 West Sunset Boulevard is $0 currently.

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