1239 South La Cienega Boulevard

Los Angeles, CA 90035

$2,600,000
Price
8
Beds
10
Baths
6,842 Sq. Ft.
$380 / Sq. Ft.
6,842
Sq. Ft.
$380
per Sq. Ft.

Description

A walking distance from the new Purple Line and the Beverly Hills Park. May be purchased with the adjacent property which has a different APN but owned by the same owner. There's a HUGE Billboard that generates about $3,000/mo income. Mineral rights. Sitting on a generous 7,000 sq ft lot that zoned Commercial, this is a perfect opportunity to redevelop the asset and reposition it in a way more aligned with its unique location. The property hasn't traded in over 40 years - don't miss on an opportunity...A walking distance from the new Purple Line and the Beverly Hills Park. May be purchased with the adjacent property which has a different APN but owned by the same owner. There's a HUGE Billboard that generates about $3,000/mo income. Mineral rights. Sitting on a generous 7,000 sq ft lot that zoned Commercial, this is a perfect opportunity to redevelop the asset and reposition it in a way more aligned with its unique location. The property hasn't traded in over 40 years - don't miss on an opportunity to own a heirloom.
  1. Listed by Nir Yacoby • DRE #01391140 • Brokerage DRE #01391140 • AAPM Inc.

Property Details for 1239 South La Cienega Boulevard

Zoning
LAC2
Parcel Number
4332028015
Total Units
10.0
Living Area
6842
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
7016
LISTING UPDATED: 10/14/2024 07:36 AM

Property Details for 1239 South La Cienega Boulevard

StatusActive
MLS #24-407831
Days on Market154
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.16 AC / 7,016 SF
CountyLos Angeles County

Building Information for 1239 South La Cienega Boulevard

Stories2Residences-Year Built1950Building Size-Lot Size0.16 AC / 7,016 SF

Property Information for 1239 South La Cienega Boulevard

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1's and Sing
  • Water Heaters: Yes
  • ADA Compliance: No
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $208,332
  • Net Operating Income: $128,696.00
  • Gross Income: $208,332
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $14.90
  • Total Annual Expense: 79636
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1611
  • Lot Size Square Feet: 7016
Parking Details
Parking Details
  • Parking Garage: Detached
  • Total Parking: 6
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall, Floor
  • Equipment: None
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-24-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $151,490.00
  • Assessed Improvement Percent: 55.91
  • Assessed Land Value: $119,447.00
  • Assessed Land Percent: 44.09
  • Assessed Total Value: $270,937.00

Property History for 1239 South La Cienega Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1239 South La Cienega Boulevard

Taxable ValueLand$121,835Additions$154,519Total$276,354
Tax Record2024$4,647 ($387 / month)
Home Facts
Total Finished SqFt6,842 SqFtAbove Grade Finished SqFt6,842 SqFtLot Size7,014 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLAC2CountyLOS ANGELESAPN4332-028-015

Schools near 1239 South La Cienega Boulevard

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.

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1239 South La Cienega Boulevard is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on June 21, 2024 by AAPM Inc., it's currently listed at $2,600,000. 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. 1239 South La Cienega Boulevard is a 8-bed, 10-bath, 6,842 sqft multi-family home built in 1950.

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 AAPM Inc., Nir Yacoby, DRE #01391140

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.