8417 Waring Avenue
Los Angeles, CA, 90069 $ 2,295,000
Baths0.0 Sq 4,167 Monthly Estimate*
$ 15,253
Studio
for $2,295,000. This 4,167 square foot home was built in 1939 on a lot size of 0.17.
First time on the market in 50 years, this charming traditional 4-unit apartment building is for sale. Built in 1938, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, and one (1) three-bedroom / two-bathroom unit. The two-bedroom unit features a spacious balcony off one bedroom and another balcony off the living room. This coveted neighborhood is adjacent to West Hollywood, close to La Cienega Boulevard, Melrose Place, and Melrose Avenue. This vibrant neighborhood has easy access to restaurants, coffee, shopping, and entertainment; and has a Walk Score of 92. The building and units have been owned by one person for the past fifty years and have been lovingly maintained. Residents enjoy this quiet, tranquil oasis with multiple outdoor areas brimming with beautiful flowers and trees, making this building well-known in the area. The landscaping and sprinkler system have been upgraded, and the building trim and garage doors have been recently painted. The owner has spent over $90,000 in the past 12 months, renovating a vacant unit and replacing older plumbing under the property. Each unit has a one-car garage, wall/window AC, tankless water heaters, and washer/dryer units. The vacant unit was remodeled with a new kitchen, all new appliances, carpet, and blinds. Other units have all been upgraded at various times, as two were owner residences. The tenants pay for gas, electricity, and cable. The property across the street recently replaced their garages with another unit - Let's see if there is potential here! Buyer to verify. This beautiful and well-maintained income property will provide new owners with an easy transition for a stable asset. PLEASE DO NOT DISTURB TENANTS!!
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FeaturesGeneralHeating Floor Furnace
Cooling Wall/Window Unit(s)
Possession Close of Escrow
Zoning LAR3
Year Built 1939
Tenant Pays Electricity Cable TV Gas
Levels Two
County Los Angeles
Net Operating Income 105225.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Pending
City Los Angeles
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area C10 - West Hollywood Vicinity
Lot Size Square Feet 7262.0
Street Name Waring
Structure Type None
Standard Status Pending
Buyer Agent Compensation Type %
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InteriorKitchen Appliances Dishwasher Refrigerator
Total Stories 2
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Avenue
Laundry Features Washer Included Dryer Included
Total Baths 0
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ExteriorParking Features Gated
Lot Size Area 7262.0
Spa No
Pool Y/N? No
Building Area Total 4167.0
Lot Size Acres 0.17
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByAndrea GressingerListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $15,253
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,984,392
Percent of Sale Price 14%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/1/2024 | $2,295,000 | | Listed Price |