4515 WILLOW BROOK Avenue
Los Angeles (City), California CA 90029
$3,500,000 Price
Active Status
Est. Monthly Payment: $18,788.76 See Details
11,519 Square Feet
0.264 Acres
17218924 Listing ID
HUGE PRICE REDUCTION. $200K Beautiful bread and butter 12 unit property in the heart of Hollywood. Huge potential for development with high income but still with great potentials on rent. Some of the units have been remodeled and upgraded. 3 buildings on a lot, 4 units per building, some units with view of Hollywood .Courtyard style, Spanish architecture, partial red tile roof, with parking, cove ceilings, some recessed lightings, rope lights on ceiling as well, copper plumbing, updated electrical, newly paved driveway, newly improved driveway gate and entrance gate. Truly a gem, walking distance to shops, groceries, banks, public transportation, elementary schools, LA City College, churches, opposite Metro station. Has everything around it. Seller is motivated .
Schedule Showing
Status Active
County Los Angeles
Year Built 1924
Property Type Rental Income
Rental Income
{"zipcode": "90029", "price": "3500000"}
Down Payment
Credit Score
Loan Amount
Loan Type

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Primary Features

County: Los Angeles
IDX City Name: Los Angeles
IDX County Name: Los Angeles
Property Type: Rental Income
Year Built: 1924
Zoning: LAR3

Financial Details

Assessed Improvement Value: 369356
Assessed Land Value: 293258
Buyer Financing: Cash, Cash to New Loan
Cap Rate: 4.8
Expense Gardener: 50
Expense Insurance: 200
Expense Maintenance: 300
Expense Tax: 500
Expense Total Annual: 2000
Expense Trash: 200
Expense Water: 600
Gross Operating Income: 16000
Gross Rent Multiplier: 23
Listing Terms: Cash, Cash To New Loan
Net Operating Income: 14000
Original List Price: 3700000
Price Per SqFt: 600.14
Private Transfer Taxes: no
Special Conditions: Standard Sale
Unit Monthly Rent01: 1047
Unit Monthly Rent02: 913
Unit Monthly Rent03: 1600
Unit Monthly Rent04: 1650
Unit Monthly Rent05: 2000
Unit Monthly Rent06: 1248
Unit Monthly Rent07: 1750
Unit Monthly Rent08: 1650
Unit Monthly Rent09: 911
Unit Monthly Rent10: 1067
Unit Monthly Rent11: 1001
Unit Monthly Rent12: 940
Unit Projected Total Monthly Rent01: 1500
Unit Projected Total Monthly Rent02: 1500
Unit Projected Total Monthly Rent03: 1900
Unit Projected Total Monthly Rent04: 1900
Unit Projected Total Monthly Rent05: 2000
Unit Projected Total Monthly Rent06: 2000
Unit Projected Total Monthly Rent07: 2000
Unit Projected Total Monthly Rent08: 2000
Unit Projected Total Monthly Rent09: 1500
Unit Projected Total Monthly Rent10: 1500
Unit Projected Total Monthly Rent11: 1500
Unit Projected Total Monthly Rent12: 1500
Unit Total Monthly Rent01: 1047
Unit Total Monthly Rent02: 913
Unit Total Monthly Rent03: 1600
Unit Total Monthly Rent04: 1650
Unit Total Monthly Rent05: 2000
Unit Total Monthly Rent06: 1248
Unit Total Monthly Rent07: 1750
Unit Total Monthly Rent08: 1650
Unit Total Monthly Rent09: 911
Unit Total Monthly Rent10: 1067
Unit Total Monthly Rent11: 1001
Unit Total Monthly Rent12: 940


ADA Compliance: no
Additions Alterations: no
Adjusted Gross Income: 16000
BathsTotal: 12
BedroomsTotal: 12
Building Permit: no
Legal Disclosures: Take Property As Is, LA/Owner Related, Rent Control
List Agent License Number: 01147862
ListingStatus: Active
Number Of Buildings: 3
Square Footage Source: Title Company
Units Total In Complex: 12

Location Information

Alley: no
Area: Silver Lake - Echo Park (C21)
View: no

Interior Features

Building Size: 5832
Cooking Appliances: Range
Cooling Type: None
Elevators: no
Fireplace: no
Heating Fuel: Wall Gas
Heating Type: Wall Gas
Total Floors: 2
Unit Furnished01: Unfurnished
Unit Furnished02: Unfurnished
Unit Furnished03: Unfurnished
Unit Furnished04: Unfurnished
Unit Furnished05: Unfurnished
Unit Furnished06: Unfurnished
Unit Furnished07: Unfurnished
Unit Furnished08: Unfurnished
Unit Furnished09: Unfurnished
Unit Furnished10: Unfurnished
Unit Furnished11: Unfurnished
Unit Furnished12: Unfurnished
Unit Furnished13: Partially
Unit Number Of Bath01: 1
Unit Number Of Bath02: 1
Unit Number Of Bath03: 1
Unit Number Of Bath04: 1
Unit Number Of Bath05: 1
Unit Number Of Bath06: 1
Unit Number Of Bath07: 1
Unit Number Of Bath08: 1
Unit Number Of Bath09: 1
Unit Number Of Bath10: 1
Unit Number Of Bath11: 1
Unit Number Of Bath12: 1
Unit Number Of Bed01: 1
Unit Number Of Bed02: 1
Unit Number Of Bed03: 1
Unit Number Of Bed04: 1
Unit Number Of Bed05: 1
Unit Number Of Bed06: 1
Unit Number Of Bed07: 1
Unit Number Of Bed08: 1
Unit Number Of Bed09: 1
Unit Number Of Bed10: 1
Unit Number Of Bed11: 1
Unit Number Of Bed12: 1
Water Heaters YN: no

External Features

Lot Size Source: Public Records
Lot Size SqFt: 11519
Parking Features: Controlled Entrance, Uncovered
Parking Spaces Total: 7
Parking Type: Assigned
Paved YN: no
Pool: no
Spa: no

Zoning Info

Listing courtesy of Rosemarie Mejia (01147862) from Choice 100 Realty, Inc..
Based on information from CARETS as of Sunday, June 25th, 2017 08:15:50 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CARETS. 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.

Contact - Listing ID 17218924

Jovelle Schaffer

1801 Hillhurst Avenue
Los Angeles, CA 90027
Phone: 2137181110

Data services provided by IDX Broker