7407 Hollywood Blvd
Los Angeles, CA 90046 (Hollywood)
$3,845,708 Trulia Estimate

7407 Hollywood Blvd
Los Angeles, CA 90046

(Hollywood)
  • 6,415 sqft
  • 8,469 sqft lot size
  • Multi-Family
Off Market · Public Record
$3,845,708 Trulia Estimate
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  • 63 Elementary Schools

    37 Middle Schools

    31 High Schools

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  • Lowest crime relative to the rest of Los Angeles county.

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  • 88% of residents commute by car.

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  • 217 Restaurants

    24 Grocery stores

    122 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • 8,469 sqft lot size
  • 6,415 sqft
Description

This property is no longer available to rent or buy. This description is from May 09, 2017
This property is being offered as an individual asset or as portfolio when acquired with 7451 & 7504 Hollywood Blvd., two 12-unit apartment communities located within two blocks of the subject property. 7407 Hollywood is comprised of one building totaling 6,415 gross square feet.The asset features a tranquil, historic setting with gated entry and one carport parking space for each unit. The property boasts spacious units with hardwood flooring and all the historic charm associated with "Old Hollywood." The property is comprised of a favorable unit mix consisting of predominantly one-bedroom units (four (4) 1+1's and two (2) 2+1's) averaging 1,050 square feet.This offering presents the opportunity to acquire an asset in a dense infill submarket of Los Angeles County with significantvalue-add potential via a strategic renovation program. The unit interiors can be renovated to higher-end luxury specifications.

Price History
Date
Price
Event

09/12/2017
$2,200,000
Posting removed

05/09/2017
$2,200,000
Listed for sale

08/03/2016
$2,150,000
Posting removed

07/19/2016
$2,150,000
Price change
Price Change
-$200,000 (-8.51%)
Source
Remax Commercial and Investment Realty

07/06/2016
$2,350,000
Listed for sale

02/13/2014
$1,495,000
Posting removed

02/13/2014
$1,611,000
Sold
Recording Date
02/13/2014
Contract Date
01/30/2014
Sale Price
$1,611,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$1,772
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

01/31/2014
$1,495,000
Pending

01/24/2014
$1,495,000
Listed for sale

Property Taxes and Assessment
Year
2016
Tax
$21,306.71
Assessments
$1,656,854
Land
$1,035,534
Improvements
$621,320
Total
$1,656,854
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 90046
$2,134,090
32% above sold price
Median Sale Price for 90046
$997,000
38% below sold price
Average Sale price/sqft for 90046
$775/sqft
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
3.96
Multi-Family
$695,000
09/20/17
6
4
2,912
3.91
Multi-Family
$1,245,000
09/28/17
-
-
-
4.05
Multi-Family
$739,000
09/27/17
-
-
-
4.98
Multi-Family
$1,108,500
09/22/17
4
4
2,400
4.37
Multi-Family
$885,000
09/29/17
1
1
1,575
2.84
Multi-Family
$1,270,000
09/21/17
7
7
2,750
1.43
Multi-Family
$1,899,000
09/22/17
4
4
2,980
4.16
Multi-Family
$1,050,000
10/04/17
4
3
1,708
3.33
Multi-Family
$880,000
09/20/17
7
1
2,671
1.22
Multi-Family
$4,100,000
10/05/17
4
3
2,629

Contact Info


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