1138 Cardiff Avenue

Los Angeles, CA 90035

$2,100,000
Last Sold Price
9
Beds
9
Baths
6,338 Sq. Ft.
$331 / Sq. Ft.
6,338
Sq. Ft.
$331
per Sq. Ft.

Description

Fantastic 7-unit investment property located in Los Angeles, directly adjacent to Beverly Hills. The building features 7 units and 6,338 square feet of living area in total, with (5) 1-bed / 1-bath units & (2) 2-bed / 2-bath units. The building also includes a community laundry area and parking for up to 6 vehicles. Additionally, the soft story retrofit has been completed and earthquake gas shut off valves have already been installed. 1138 Cardiff Ave provides savvy investors the opportunity to capitalize...Fantastic 7-unit investment property located in Los Angeles, directly adjacent to Beverly Hills. The building features 7 units and 6,338 square feet of living area in total, with (5) 1-bed / 1-bath units & (2) 2-bed / 2-bath units. The building also includes a community laundry area and parking for up to 6 vehicles. Additionally, the soft story retrofit has been completed and earthquake gas shut off valves have already been installed. 1138 Cardiff Ave provides savvy investors the opportunity to capitalize on over 45% upside on the current rents. Offered at a competitive basis, this property is nestled in one of the highest demand pockets of the Pico-Robertson neighborhood, directly adjacent to prime Beverly Hills.
  1. Listed by Jake Glaser • DRE #02128816 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Michael Monempour • DRE #01996829 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1138 Cardiff Avenue

Zoning
LAR3
Parcel Number
4332002015
Total Units
7.0
Living Area
6338
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
0
Lot Size Area
6076
LISTING UPDATED: 08/12/2024 03:43 PM

Property Details for 1138 Cardiff Avenue

StatusSold
MLS #24-389431
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.14 AC / 6,076 SF
CountyLos Angeles County

Building Information for 1138 Cardiff Avenue

Stories2Residences-Year Built1954Building Size-Lot Size0.14 AC / 6,076 SF

Property Information for 1138 Cardiff Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apt
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $147,776
  • Net Operating Income: $87,435.00
  • Gross Income: $152,347
  • Cap Rate: 3.89%
  • Gross Rent Multiplier: $14.77
  • Total Annual Expense: 60341
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1395
  • Lot Size Square Feet: 6076
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Driveway - Concrete
  • Total Parking: 6
  • Parking Features: Covered, Concrete
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,257.00
  • Unit Actual Rent: $2,257.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,394.00
  • Unit Actual Rent: $1,394.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,893.00
  • Unit Actual Rent: $1,893.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,883.00
  • Unit Actual Rent: $1,883.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,882.00
  • Unit Actual Rent: $1,882.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,986.00
  • Unit Actual Rent: $1,986.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,276.00
  • Unit Actual Rent: $1,276.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $287,364.00
  • Assessed Improvement Percent: 53.88
  • Assessed Land Value: $245,996.00
  • Assessed Land Percent: 46.12
  • Assessed Total Value: $533,360.00

Property History for 1138 Cardiff Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1138 Cardiff Avenue

Taxable ValueLand$250,915Additions$293,111Total$544,026
Tax Record2024$7,669 ($639 / month)
Home Facts
Total Finished SqFt6,338 SqFtAbove Grade Finished SqFt6,338 SqFtLot Size6,074 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN4332-002-015

Schools near 1138 Cardiff Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Canfield Avenue Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Jake Glaser, DRE #02128816; Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.