1118 Hi Point Street

Los Angeles, CA 90035

$1,997,000
Price
6
Beds
4
Baths
3,744 Sq. Ft.
$533 / Sq. Ft.
3,744
Sq. Ft.
$533
per Sq. Ft.

Description

BEST PRICED DUPPLEX - Check price per sq ft. Classic Spanish Duplex in So Carthay Circle located in Carthay Historic District which is priced similar to single family homes in the area with the benefit of having additional income to help pay that monthly mortgage. Both units boasts high arched ceilings with 3 bedrooms - 2 baths each, formal living room, formal dining room and cozy breakfast room overlooking patio area. There is a central hallway leading to the bedrooms. Each unit has its own service...BEST PRICED DUPPLEX - Check price per sq ft. Classic Spanish Duplex in So Carthay Circle located in Carthay Historic District which is priced similar to single family homes in the area with the benefit of having additional income to help pay that monthly mortgage. Both units boasts high arched ceilings with 3 bedrooms - 2 baths each, formal living room, formal dining room and cozy breakfast room overlooking patio area. There is a central hallway leading to the bedrooms. Each unit has its own service porch with laundry inside. Lower unit currently owner occupied will be delivered vacant. This unit has been beautifully refurbished with recessed lighting, newer appliance, beautiful hardwood floors yet maintained the original 1930's style. Each unit feels like a home with their private entrances, balcony/patio, beautiful hardwood floors, archways and high ceiling, and lots of storage. Additionally, exterior of home recently painted completely, and roof, driveway, heating systems and many other components of the home have been replaced or upgraded. At the rear of the property are 2- 2 car garages and a pleasant yard to sit and enjoy the outdoors. Carthay Circle is centrally located close to Beverly Hill, Century City , Mid- Wilshire and quick access to freeway. Plenty of shops and restaurants nearby.
  1. Listed by Rodrigo Vargas • DRE #01792503 • Brokerage DRE #00467438 • Tierra Properties
  2. Listed by Irma Vargas • DRE #00467438 • Brokerage DRE #00467438 • Tierra Properties

Property Details for 1118 Hi Point Street

Zoning
LAR2
Style
Spanish Colonial
Cross Streets
Whitman & Hi Point
Parcel Number
5087026031
Total Units
2.0
Living Area
3744
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
LISTING UPDATED: 11/13/2024 06:07 PM

Property Details for 1118 Hi Point Street

StatusActive
MLS #24-392731
Days on Market191
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Virtual Tour

Building Information for 1118 Hi Point Street

Stories2Residences-Year Built1931Building Size-Lot Size0.15 AC / 6,500 SF

Property Information for 1118 Hi Point Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $89,620
  • Net Operating Income: $60,750.00
  • Gross Income: $89,613
  • Gross Rent Multiplier: $22.00
  • Actual Annual Gross Rent: $89,620.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 28870
  • Water Expense: $3,718.00
  • Tax Expense: $20,997
  • Gardener Expense: $1,655
  • Insurance Expense: $2,500
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6500
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
Interior Features
Interior Features
  • Levels: One, Multi/Split
  • Fireplace Features: Decorative, Living Room
  • Fireplace Rooms: Decorative, Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Hardwood, Tile
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Laundry: Inside, Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,718.30
  • Unit Actual Rent: $2,718.30
  • Unit Projected Rent: $2,718.00
  • Like Units: 18
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 20
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $60,449.00
  • Assessed Land Value: $39,948.00

Property History for 1118 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 1118 Hi Point Street

Taxable ValueLand$1,061,592Additions$707,987Total$1,769,579
Tax Record2024$21,711 ($1,809 / month)
Home Facts
Total Finished SqFt3,744 SqFtAbove Grade Finished SqFt3,744 SqFtLot Size6,500 SqFtStyleDuplexYear Built1931ZoningLAR2CountyLOS ANGELESAPN5087-026-031

Schools near 1118 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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1118 Hi Point Street is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on May 15, 2024 by Tierra Properties, it's currently listed at $1,997,000. It has been on the market for a total of 191 days and was last sold on February 22, 2017. 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. 1118 Hi Point Street is a 6-bed, 4-bath, 3,744 sqft multi-family home built in 1931.

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 Tierra Properties, Rodrigo Vargas, DRE #01792503; Tierra Properties, Irma Vargas, DRE #00467438

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.