1236 Hi Point Street

Los Angeles, CA 90035

$1,885,000
Price
4
Beds
2
Baths
2,880 Sq. Ft.
$655 / Sq. Ft.
2,880
Sq. Ft.
$655
per Sq. Ft.

Description

Welcome to 1236 Hi Point, a great investment/development opportunity, located in the Carthay Square Historic District. This 2 unit property with 2 bed, 1 bath each, comes with stamped plans for an ADU (Accessory Dwelling Unit) behind the main building. This offers an excellent opportunity for additional income or flexible living arrangements and presents many possibilities for the savvy investor. Whether you're looking to live in one unit and rent out the other, or plan a renovation project there...Welcome to 1236 Hi Point, a great investment/development opportunity, located in the Carthay Square Historic District. This 2 unit property with 2 bed, 1 bath each, comes with stamped plans for an ADU (Accessory Dwelling Unit) behind the main building. This offers an excellent opportunity for additional income or flexible living arrangements and presents many possibilities for the savvy investor. Whether you're looking to live in one unit and rent out the other, or plan a renovation project there is great potential. The property is situated in the vibrant Beverly Center-Miracle Mile area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Current rents are below market rate and both units are on month to month lease. The 2 garages that can be reached by the alleyway are the location for the approved ADU. Photos are of the upper unit.
  1. Listed by Samantha Binah • DRE #02062681 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1236 Hi Point Street

Zoning
LAR2
Parcel Number
5087027018
Total Units
2.0
Living Area
2880
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
6522

Location

Listing Courtesy of Coldwell Banker Realty, Samantha Binah, DRE #02062681
Add your commute
LISTING UPDATED: 05/09/2024 08:42 PM

Property Details for 1236 Hi Point Street

StatusActive
MLS #24-385595
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.15 AC / 6,522 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Samantha Binah, DRE #02062681
Add your commute

Building Information for 1236 Hi Point Street

Stories2Residences-Year Built1936Building Size-Lot Size0.15 AC / 6,522 SF

Payment Calculator

$11,909 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,287

Property Taxes

$1,622

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1236 Hi Point Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Water: Water District
  • Sewer: In Street Paid
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $33,948
  • Net Operating Income: $10,037.00
  • Gross Income: $33,948
  • Gross Rent Multiplier: $54.00
  • Actual Annual Gross Rent: $33,948.00
  • Total Annual Expense: 23911
  • Water Expense: $2,189.00
  • Tax Expense: $18,448
  • Gardener Expense: $780
  • Insurance Expense: $2,369
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Acreage: 0.1497
  • Lot Size Square Feet: 6522
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 4
  • Covered Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Ceiling Fan, Refrigerator, Freezer, Washer, Dryer, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-29-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,838.00
  • Unit Actual Rent: $1,838.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $991.00
  • Unit Actual Rent: $991.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $568,266.00
  • Assessed Improvement Percent: 35.81
  • Assessed Land Value: $1,018,590.00
  • Assessed Land Percent: 64.19
  • Assessed Total Value: $1,586,856.00

Property History for 1236 Hi Point Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1236 Hi Point Street

Taxable ValueLand$1,018,590Additions$568,266Total$1,586,856
Tax Record2023$19,467 ($1,622 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtLot Size6,520 SqFtStyleDuplexYear Built1936ZoningLAR2CountyLOS ANGELESAPN5087-027-018

Schools near 1236 Hi Point Street

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

Emerson Community Charter School
Charter6 to 8

Fairfax 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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1236 Hi Point Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on April 29, 2024 by Coldwell Banker Realty, it's currently listed at $1,885,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carthay Center Elementary, Emerson Community Charter School and Fairfax Senior High School. 1236 Hi Point Street is a 4-bed, 2-bath, 2,880 sqft multi-family home built in 1936.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Samantha Binah, DRE #02062681

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.