1606 South Bundy Drive

Los Angeles, CA 90025

$1,950,000
Price
8
Beds
4
Baths
3,208 Sq. Ft.
$608 / Sq. Ft.
3,208
Sq. Ft.
$608
per Sq. Ft.

Description

Outstanding opportunity to own a very well maintained and consistent income producing four unit building in a convenient Westside location. The complex is comprised of dual two-story duplexes with no shared walls, each unit has two bedrooms and one bath in approximately 800 square feet. Both upstairs units, 1606 1/2 and 1608 1/2, have been completely updated with hardwood floors, remodeled bathrooms, remodeled kitchens, updated appliances and provide a small outside patio area. There are washer and...Outstanding opportunity to own a very well maintained and consistent income producing four unit building in a convenient Westside location. The complex is comprised of dual two-story duplexes with no shared walls, each unit has two bedrooms and one bath in approximately 800 square feet. Both upstairs units, 1606 1/2 and 1608 1/2, have been completely updated with hardwood floors, remodeled bathrooms, remodeled kitchens, updated appliances and provide a small outside patio area. There are washer and dryers in three of the units already and the fourth has hook-ups installed. In addition, there is one car detached, covered parking for each unit. The building has very low vacancies and leases quickly. It is a highly coveted Westside location near shops, markets, restaurants and public transportation including nearby Bundy expo line station. PLEASE DO NOT WALK PROPERTY OR DISTURB TENANTS.

Listing Agent

  1. James Bremner

    James Bremner

    Listing Agent

    Compass

    DRE #01186014

    james.bremner@compass.com

    P: (310)-622-7445

Property Details for 1606 South Bundy Drive

Water Front
None
Zoning
LAR3
Style
Traditional
Cross Streets
Bundy Drive + Idaho Avenue
Parcel Number
4259003002
Total Units
4.0
Living Area
3208
Source Living Area
Vendor Enhanced
LISTING UPDATED: 07/22/2024 11:48 AM

Property Details for 1606 South Bundy Drive

StatusActive
MLS #24-413449
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.14 AC / 5,959 SF
CountyLos Angeles County
Buyer's Agent Compensation2.5%

Building Information for 1606 South Bundy Drive

Stories2Residences-Year Built1955Building Size-Lot Size0.14 AC / 5,959 SF

Property Information for 1606 South Bundy Drive

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Professional Management: 4777.0
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: West
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $118,128
  • Net Operating Income: $80,775.00
  • Gross Income: $118,128
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $16.50
  • Actual Gross Annual Income: $118,128
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 37353
  • Trash Expense: $2,900.00
  • Other Expense: $400.00
  • Tax Expense: $24,239
  • Insurance Expense: $3,037
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1368
  • Lot Size Square Feet: 5959
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 4
  • Covered Parking: 4
  • Parking Features: Carport
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Breakfast Area
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Ceiling Fan, Dryer, Hood Fan, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Free Standing Gas
  • Laundry: In Kitchen
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Composition
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-10-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,276.00
  • Unit Actual Rent: $2,276.00
  • Unit Projected Rent: $2,276.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,391.00
  • Unit Actual Rent: $2,391.00
  • Unit Projected Rent: $2,391.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,422.00
  • Unit Actual Rent: $2,422.00
  • Unit Projected Rent: $2,422.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,755.00
  • Unit Actual Rent: $2,755.00
  • Unit Projected Rent: $2,755.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $365,729.00
  • Assessed Improvement Percent: 33.11
  • Assessed Land Value: $738,851.00
  • Assessed Land Percent: 66.89
  • Assessed Total Value: $1,104,580.00

Property History for 1606 South Bundy Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1606 South Bundy Drive

Taxable ValueLand$753,628Additions$373,043Total$1,126,671
Tax Record2024$13,995 ($1,166 / month)
Home Facts
Total Finished SqFt3,208 SqFtAbove Grade Finished SqFt3,208 SqFtLot Size5,949 SqFtStyleQuadraplexYear Built1955ZoningLAR3CountyLOS ANGELESAPN4259-003-002

Schools near 1606 South Bundy Drive

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

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 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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1606 South Bundy Drive is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on July 10, 2024 by Compass, it's currently listed at $1,950,000. It has been on the market for a total of 145 days and was last sold on June 14, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Brockton Avenue Elementary School, Daniel Webster Middle School and University Senior High School Charter. 1606 South Bundy Drive is a 8-bed, 4-bath, 3,208 sqft multi-family home built in 1955.

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 Compass, James Bremner, DRE #01186014

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.