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743 North SWEETZER Ave, Los Angeles, CA 90069
Listing courtesy of: Kimberly Roberts-Stepp, Charles Dunn West La Buyer's agent: Eric Sackler, Coldwell Banker- Brentwood
Sold on 10/23/2009
$1,950,000

743 North SWEETZER Ave Los Angeles, CA 90069

Beds: 3
Baths: 3
Sq. Ft.: 10,040
$/Sq. Ft.: $194
Lot Size: 8,494 Sq. Ft.
Property Type:Multi-Family
Year Built: 1972
Community: West Hollywood Vicinity
County: Los Angeles
MLS#: 09-371005
Source: CARETS
Status: Closed This home is sold and off the market.
Prime West Hollywood location, just North of trendy Melrose Avenue on a quiet tree-lined street. Controlled access property with gated parking. Security camera installed. Units have A/C and dishwashers. Some units have been renovated with hardwood floors, granite counter tops & tiled bathrooms. Significant upside in rents of over 34%. Priced at only $225,000/unit and $224/sf!Priced only at 9.9 x gross and a 7.3% cap with market rents! 8.1% cash on cash return with market rents.

Kitchen Information

  • Range Hood
  • Range

Heating & Cooling

  • Wall Heater
  • Ceiling Fan(s)
  • Central Air Conditioning

Community Features

  • Units in Complex (Total): 10

Unit 2 Information

  • Number: 8
  • # of Beds: 1
  • # of Baths: 1
  • Monthly Rent: $1,321

Location Information

  • Driving Directions: Just North of trendy Melrose Avenue on Sweetzer Avenue.

Expense Information

  • Total Annual: $56,038
  • Electric: $1,716
  • Gardener: $1,040
  • Insurance: $4,014
  • Maintenance: $8,941
  • Manager: $3,600
  • Other: $2,590
  • Trash: $1,354
  • Water: $4,923

Equipment

  • Dishwasher
  • Dryer
  • Freezer
  • Garbage Disposal
  • Refrigerator
  • Washer

Parking Information

  • # of Parking Spaces (Total): 16
  • # of Covered Spaces: 16
  • Garage
  • Gated

Multi-Family Information

  • # of Buildings: 1

Lot Information

  • Lot Size (Sq. Ft.): 8,494
  • Dimensions: 50x170
  • Lot Size Source: Public Records
  • Zoning: LAR3

Property Information

  • Square Footage Source: Public Records
  • Assessed Improvement Value: $765,000
  • Tax Parcel Number: 5528003022

Listing Information

  • MLS: CLAW

Interior Features

  • Intercom
  • Phone System

Building Information

  • Total Floors: 2

Unit 1 Information

  • Number: 2
  • # of Beds: 2
  • # of Baths: 2
  • Monthly Rent: $1,736

Land Information

  • Assessed Land Value: $1,122,000

Financial Information

  • Capitalization Rate (%): 4.8
  • Net Operating Income: $108,400
  • Adjusted Gross Income: $169,524
  • Gross Operating Income: $164,438
  • Gross Rent Multiplier: 13.30
  • Vacancy Allowance (%): 3

Listing last changed

October 26, 2009, 5:07 PM

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Property History for 743 North SWEETZER Ave

Date Event Price Appreciation Source
Oct 26, 2009 Sold (MLS) $1,950,000 -- Inactive CARETS #1
Jun 27, 2009 Delisted -- -- Inactive CARETS #1
May 19, 2009 Listed $2,250,000 -- Inactive CARETS #1
Jul 27, 2005 Sold (Public Records) $1,850,000 -- Public Records

What's the difference between "Sold (Public Records)" and "Sold (MLS)"?
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Public Facts for 743 North SWEETZER Ave

Beds: 12
Baths: 12.0
Finished Sqft: 10040
Unfinished Sqft: -
Total Sqft: 10040
Floors: -
Lot Size: 8,494
Style: Multi-Family (5+ Unit)
Year Built: 1972
Year Renovated: -
County: Los Angeles County
APN: 5528003022
Last Updated: September 11, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $1,167,328
Additions $795,906
Total $1,963,234
Tax (2009) $23,984

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