Sold
5111 HAROLD Way
Los Angeles CA, 90027
$4,000,000
$348.13 per sqft
Sold
16 Beds
20 Baths
11,490 sqft
Residential
Built in 1964
Listed by Nicole Apostolos with Equity Union 818-989-2000
5111 Harold Way is 11,490 square foot property situated on a 8,973 square foot LARD1.5 zoned lot. The property is made up of seventeen (17) units, with a great unit mix of four (4) studio units, ten (10) one bedroom & one bathroom units, and three (3) two bedroom & two bathroom units. Each unit is separately metered for gas & electricity. There are fifteen (15) parking spaces rented separately, copper plumbing throughout, one (1) hot water heater, and the seismic retrofit work has been completed. Moreover, there is storage space and a common laundry room with card operated machines, allowing for additional streams of income. Four (4) units will be delivered vacant at the close of escrow. The property is located near the very desirable Los Feliz neighborhood, between Sunset Blvd. & HollywoodBlvd, with very easy access to the 101 Freeway. This location is deemed a "Walker's Paradise" with a score of 92 out of 100, as most daily errands can be accomplished by foot. Within close proximity, you have the Greek Theater & Griffith Park. Minutes away you have employers like Kaiser Permanente Hospital, Hollywood Presbyterian Hospital, the Childrens Hospital of Los Angeles, Netflix, KTLA, LACC, and the Hollywood Studios. Tenants and owners alike are attracted to the area because of all the local bars, restaurants, and shopping in the immediate vicinity, all while having easy access to major employment hubs such as DTLA, Koreatown, and Hollywood. Some of the most popular nearby spots include Lolo Wine Bar & Restaurant, Jitalda Restaurant, Tabula Rasa Bar, Cara Hotel, and Barnsdall Arts Park. 5111 Harold Way is an excellent opportunity for an investor to acquire a day-one cash-flowing property in prime location. All tenants are paying their rents and four units will be delivered vacant at close of escrow! The subject property is located in the City of Los Angeles and is subject to rent control.
22164071
MLSⓇ ID
June 3, 2022
Listed
March 23, 2024
Updated
Map
5111 HAROLD Way
Los Angeles CA, 90027
Interior Features
Total Stories
3
Bedrooms
16 Beds
Bathrooms
20 Baths
Appliances
Electric Cooktop, Oven, Refrigerator
Laundry Description
In Garage
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.21 Acres
Other Property Details
Area Name
C20 - Hollywood
Days on Market
29
Garage
Yes
Parking
Underground, Garage, Tandem
Parking Total
14
View
Yes
View Description
Landmark
County
Los Angeles
Pool
No
Zoning
LARD1.5
Buyer Agency Compensation
1.5%
Listing Contact: 818-989-2000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:52 AM UTC