5-Plex
901 N El Centro Ave · Los Angeles, CA
Flood risk 4/10 · Minor
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.21%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 6/10 · Moderate
- Hot days now (above 90°F)
- 7 days/yr
- Hot days in 30 yrs
- 22 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 8 days/yr
- Unhealthy air days in 30 yrs
- 8 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +25.2/30.0
- ARV discount +15.0/15.0
- DSCR +8.3/10.0
- 1% rule +5.6/10.0
- Schools +3.6/10.0
- Livability +3.4/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$949,995
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 5 units. confirmed
5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.
Listing remarks MLS
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
Key facts
- Recently updated
- Modernized bathrooms
- 4,151 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 5 × 1-bed/1-bath units multifamily listed at $950k.
Deal economics
- At list price, monthly cash flow is $2k ($26k/yr) — positive. Per door: $427/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($10k rent vs $950k).
- Recommended offer: $836k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.0% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
- Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents flat; 87 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
- At $10,107/mo this rent would consume 197% of the median local household income ($61k/yr) (locally 4038% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $28k of value loss. Plan a longer hold.
- Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 270 days — a 12% lower offer ($836k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 25y ago; this cycle's ask has dropped $245k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $277k; list at $950k implies a 243% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 270 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.06% ✓
- Cap rate
- 8.99%
- Cash-on-cash
- 9.64%
- DSCR
- 1.43
- GRM
- 7.8
CMA / ARV
- ARV (median comp)
- $1,314,276
- List price
- $949,995
- Delta
- -27.72%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 0.67% rent growth · sell at horizon
- IRR
- -4.2%
- Equity multiple
- 0.84×
- Total profit
- $-41,276
- Equity at exit
- $141,647
- IRR
- 2.8%
- Equity multiple
- 1.18×
- Total profit
- $47,462
- Equity at exit
- $82,138
Cash invested: $265,999 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (CITY)
- 0 Strongly Tenant-Friendly
- State California
- 18 Strongly Tenant-Friendly · D+13
- County
- — inherits STATE
- City Los Angeles
- 0 Strongly Tenant-Friendly · D+22
ZIP-level market 90038
- Rents YoY
- 0.7%
- Active inventory
- 87
- Price-to-rent
- 39.2×
Monthly cashflow live
- Estimated rent
- $10,107 high interval (Pro) →
- Mortgage (P&I)
- −$4,982
- Tax from tax record
- −$470 /mo · $5,637/yr
- Insurance
- −$396
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$2,122
- Net cashflow
- $2,137
Break-even live
5-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 5× units | 1 | 1 | $10,105 |
| #1 | 1 | 1 | $2,021 |
| #2 | 1 | 1 | $2,021 |
| #3 | 1 | 1 | $2,021 |
| #4 | 1 | 1 | $2,021 |
| #5 | 1 | 1 | $2,021 |
| Total (5 units) | $10,107 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $237,499
- Closing costs
- $28,500
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1006 N El Centro Ave Unit 7 Los Angeles, CA | — | 1.0 | 328 | $1,380 | $4.21 | 13d | 1 | 0.16mi |
| 5833 Camerford Ave Unit 04 Los Angeles, CA | — | 1.0 | 250 | $1,195 | $4.78 | 43d | 1 | 0.16mi |
| 626 N Cahuenga Blvd Los Angeles, CA | 1.0 | 1.0 | 350 | $1,700 | $4.86 | 43d | 1 | 0.39mi |
| 6326 Lexington Ave Los Angeles, CA | — | 1.0 | 250 | $1,200 | $4.80 | 2d | 1 | 0.39mi |
| 6212 La Mirada Ave Los Angeles, CA | — | 1.0 | 213 | $1,370 | $6.42 | 3d | 6 | 0.43mi |
| 1245 Vine St Los Angeles, CA | — | 1.0 | 400 | $1,387 | $3.47 | 1d | 5 | 0.48mi |
| 418 N Norton Ave Los Angeles, CA | 1.0–4.0 | 1.0–3.0 | 815 | $1,200 | $1.47 | 18d | 3 | 0.72mi |
| 849 N McCadden Pl Unit 23 Los Angeles, CA | — | 1.0 | 260 | $1,850 | $7.12 | 43d | 1 | 0.73mi |
| 1417 N Bronson Ave Los Angeles, CA | 1.0 | 1.0 | 550 | $1,895 | $3.45 | 11d | 3 | 0.74mi |
| 5637 Virginia Ave Los Angeles, CA | — | 1.0 | 351 | $1,399 | $3.99 | 43d | 1 | 0.81mi |
| 5639 Lexington Ave Los Angeles, CA | 4.0 | 1.0–4.0 | 725 | $1,800 | $2.48 | 24d | 8 | 0.83mi |
| 5654 La Mirada Ave Unit 18 Los Angeles, CA | 1.0 | 1.0 | 293 | $1,500 | $5.12 | 7d | 1 | 0.83mi |
| 6669 De Longpre Ave Los Angeles, CA | — | 1.0–2.0 | 350 | $945 | $2.70 | 24d | 2 | 0.89mi |
| 1600 N Bronson Ave Unit 18 Los Angeles, CA | — | 1.0 | 350 | $1,700 | $4.86 | 43d | 1 | 1.00mi |
| 1600 N Bronson Ave Los Angeles, CA | — | 1.0 | 300 | $1,350 | $4.50 | 43d | 1 | 1.00mi |
| 6731 Leland Way Los Angeles, CA | — | 1.0 | 400 | $1,272 | $3.18 | 22d | 2 | 1.00mi |
| 1410 N Highland Ave Los Angeles, CA | 1.0 | 1.0 | 250 | $1,645 | $6.58 | 1d | 8 | 1.01mi |
| 660 N Oxford Ave Los Angeles, CA | 5.0 | 1.0–4.0 | 893 | $2,160 | $2.42 | 2d | 11 | 1.03mi |
| 5460 Fountain Ave Los Angeles, CA | 1.0–5.0 | 1.0–4.0 | 925 | $1,100 | $1.19 | 18d | 10 | 1.07mi |
| 6762 Hawthorn Ave Los Angeles, CA | — | 1.0 | 329 | $1,895 | $5.75 | 1d | 1 | 1.16mi |
| 1745 Wilcox Ave Los Angeles, CA | 2.0 | 1.0 | 506 | $2,152 | $4.25 | 2d | 48 | 1.16mi |
| 6434 Yucca St Los Angeles, CA | 1.0 | 1.0 | 444 | $1,995 | $4.49 | 1d | 9 | 1.20mi |
| 5525 Harold Way Unit 20 Los Angeles, CA | — | 1.0 | 370 | $1,650 | $4.46 | 43d | 1 | 1.22mi |
| 1733 N Cherokee Ave Los Angeles, CA | — | 1.0 | 425 | $1,599 | $3.76 | 1d | 3 | 1.22mi |
| 1811 Tamarind Ave Los Angeles, CA | 2.0 | 0.5–1.0 | 393 | $1,599 | $4.06 | 22d | 8 | 1.24mi |
| 1830 N Cahuenga Blvd Los Angeles, CA | — | 1.0 | 368 | $1,685 | $4.58 | 3d | 4 | 1.26mi |
| 1732 N Wilton Pl Los Angeles, CA | — | 1.0 | 184 | $1,279 | $6.95 | 43d | 1 | 1.27mi |
| 1830 N Cherokee Ave Los Angeles, CA | — | 1.0 | 412 | $2,012 | $4.88 | 5d | 4 | 1.30mi |
| 1431 N Hobart Blvd Los Angeles, CA | — | 1.0 | 350 | $1,278 | $3.65 | 7d | 1 | 1.31mi |
| 5533 Hollywood Blvd Los Angeles, CA | — | 1.0 | 421 | $1,816 | $4.31 | 1d | 19 | 1.33mi |
| 5400 Carlton Way Los Angeles, CA | — | 1.0 | 375 | $1,411 | $3.76 | 22d | 2 | 1.36mi |
| 4513 Rosewood Ave Unit 2 Los Angeles, CA | 1.0 | 1.0 | 220 | $750 | $3.41 | 43d | 1 | 1.38mi |
| 7050 Hawthorn Ave Los Angeles, CA | 4.0 | 1.0–4.0 | 892 | $2,748 | $3.08 | 14d | 29 | 1.38mi |
| 1926 Whitley Ave Apt 08 Los Angeles, CA | — | 1.0 | 370 | $1,750 | $4.73 | 43d | 1 | 1.39mi |
| 1926 Whitley Ave Apt 10 Los Angeles, CA | — | 1.0 | 370 | $1,849 | $5.00 | 14d | 1 | 1.39mi |
| 2017 Argyle Ave Los Angeles, CA | — | 1.0 | 350 | $1,300 | $3.71 | 1d | 1 | 1.42mi |
| 1963 N Cahuenga Blvd Los Angeles, CA | — | 1.0 | 210 | $1,075 | $5.12 | 1d | 1 | 1.43mi |
| 1772 Orchid Ave Unit 8 Los Angeles, CA | — | 1.0 | 339 | $1,200 | $3.54 | 7d | 1 | 1.43mi |
| 6871 Franklin Ave Los Angeles, CA | 1.0 | 1.0 | 425 | $1,920 | $4.52 | 2d | 5 | 1.48mi |
| 1745 N Orange Dr Los Angeles, CA | 1.0 | 1.0 | 500 | $2,000 | $4.00 | 1d | 6 | 1.48mi |
Listing history 37 events
-
2026-06-18days on market $949,995 Active 270 DOM
-
2026-06-17days on market $949,995 Active 269 DOM
-
2026-06-16days on market $949,995 Active 268 DOM
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2026-06-15days on market $949,995 Active 267 DOM
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2026-06-13days on market $949,995 Active 265 DOM
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2026-06-09days on market $949,995 Active 261 DOM
-
2026-06-08days on market $949,995 Active 260 DOM
-
2026-06-07days on market $949,995 Active 259 DOM
-
2026-06-04days on market $949,995 Active 256 DOM
-
2026-06-03days on market $949,995 Active 255 DOM
-
2026-06-02days on market $949,995 Active 254 DOM
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2026-06-01days on market $949,995 Active 253 DOM
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2026-05-31days on market $949,995 Active 252 DOM
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2026-02-06price $949,995 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
-
2026-01-22price $930,444 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
-
2026-01-21status Active 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
-
2025-12-29status Pending Sale 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
-
2025-12-22status Active 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
-
2025-11-17status Pending Sale 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
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2025-11-11price $949,999 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
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2025-09-09price $1,050,000 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
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2025-07-26$1,195,000 Active 1007-char remark
Show marketing remark (1007 chars)
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
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2023-06-24status Active
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2023-06-15price $1,199,000
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2023-06-13status Active
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2023-06-13price $1,999,000
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2023-05-30status Pending Sale
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2023-05-25price $1,400,000
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2023-04-26price $1,299,777
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2023-04-10$1,400,000 Active
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2002-09-12soldstatus $277,000
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2002-09-12soldstatus $277,000
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2002-04-22historical
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2001-08-16$299,000
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1989-02-22soldstatus $230,000
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1987-05-20soldstatus $128,000
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1978-07-18soldstatus $72,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast CA · Resets to sale price
- Current annual tax
- $5,637 · $470/mo
- Projected year-2 tax
- $7,220 · $602/mo
- Expected delta
- +$1,583/yr (+$132/mo · 28.1%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (shaded) · 21% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 6/10 Major 7 d/yr ≥90°F today · 22 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $121,284
- − Mortgage interest
- −$53,214
- − Property taxes
- −$5,637
- − Insurance
- −$4,750
- − Repairs & maintenance
- −$9,703
- − Management
- −$9,703
- − Depreciation
- −$27,636
- Taxable income
- $10,641
- Est. tax owed @ 24.0%
- −$2,554
- After-tax cash flow
- $23,091/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Los Angeles Unified
- NCES district ID
- 0622710
- Math proficiency
- 29% ▼ -4.00%
- Reading proficiency
- 54% ▲ 10.00%
- Median HH income
- $50,403
- Composite
- 35.67/100
- National rank
- #4875
- State rank
- #223 of 517 in CA
Livability — Los Angeles
- Score
- 68/100
- State rank
- #273
- US rank
- #9237
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Los Angeles, CA
- County
- Los Angeles County · 9,444,647 people
- City population
- 3,838,149
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Population (ZIP)
- 27,127
- Household income
- $61,454
- Rent vs Own
- Severe rent burden
- 4038.0
Population outlook (Los Angeles County) Hauer SSP2
- Today (2025)
- 10,940,515 people
- By 2030
- 11,256,481 · +2.9%
- By 2040
- 11,729,929 · +7.2%
- By 2050
- 11,948,407 · +9.2%
- By 2075
- 11,818,114 · +8.0%
- By 2100
- 10,842,928 · -0.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.66)
- Race & ethnicity
- Hispanic / Latino 49% White 31% Two or more races 15% Asian 7% Black 7% Native American 2%
- Hispanic origin (detail)
- Mexican 21%
- Common ancestry
- Romanian 2% Scotch-Irish 1% Lithuanian 1%
- Foreign-born
- 39% · Canada, South Korea, Jamaica
- Languages at home
- 44% English-only · Spanish 43% Other Indo-European 4% Tagalog/Filipino 2%
Political lean MEDSL · Los Angeles
- 2024 margin
- Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
- 2008→2024 swing
- -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
- All cycles
- 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -461.01%
- Current HPI
- 349.1001
- Rent YoY
- ▲ 0.67%
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- State GDP YoY
- ▲ 3.21%
- F500 in state
- 116
Industry mix (Fortune 500 HQ in CA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Technology | 27 | $1,492B |
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| Financial Services | 3 | $174B |
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| Retail | 3 | $44B |
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| Insurance | 3 | $26B |
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| Media / Entertainment | 2 | $115B |
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| Pharmaceuticals / Biotech | 2 | $62B |
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Price history
+1219.4% since first listed24 events — show timeline
- 2026-02-06 Price Changed $949,995 CRMLS
- 2026-01-22 Price Changed $930,444 CRMLS
- 2026-01-21 Relisted — CRMLS
- 2025-12-29 Pending — CRMLS
- 2025-12-22 Relisted — CRMLS
- 2025-11-17 Pending — CRMLS
- 2025-11-11 Price Changed $949,999 CRMLS
- 2025-09-09 Price Changed $1,050,000 CRMLS
- 2025-07-26 Listed $1,195,000 CRMLS
- 2023-06-24 Relisted — CRMLS
- 2023-06-15 Price Changed $1,199,000 CRMLS
- 2023-06-13 Relisted — CRMLS
- 2023-06-13 Price Changed $1,999,000 CRMLS
- 2023-05-30 Pending — CRMLS
- 2023-05-25 Price Changed $1,400,000 CRMLS
- 2023-04-26 Price Changed $1,299,777 CRMLS
- 2023-04-10 Listed $1,400,000 CRMLS
- 2002-09-12 Sold (Public Records) $277,000 Public Records
- 2002-09-12 Sold (MLS) $277,000 TheMLS
- 2002-04-22 Delisted — TheMLS
- 2001-08-16 Listed $299,000 TheMLS
- 1989-02-22 Sold (Public Records) $230,000 Public Records
- 1987-05-20 Sold (Public Records) $128,000 Public Records
- 1978-07-18 Sold (Public Records) $72,000 Public Records
Property tax history
+1.7%/yrLatest (2025): $5,637 · +1.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…