1943 Hancock Street

Los Angeles, CA 90031

$2,780,000
Price
14
Beds
13
Baths
6,454 Sq. Ft.
$431 / Sq. Ft.
6,454
Sq. Ft.
$431
per Sq. Ft.

Description

Stunning new development near USC School of Medicine Campus, lake, parks, public transit and ground floor of the revitalization of the area. Modern 4-Plex + RTI for an ADU garage conversion (optional). Discover luxury and convenience in these beautifully Brand New Construction Townhouse Style Units boasting contemporary style living spaces, high ceilings and spacious, open-concept layouts. Property surrounded w/ 6ft concrete walls, gates and tall hedges for ultimate privacy and security. Ideal for...Stunning new development near USC School of Medicine Campus, lake, parks, public transit and ground floor of the revitalization of the area. Modern 4-Plex + RTI for an ADU garage conversion (optional). Discover luxury and convenience in these beautifully Brand New Construction Townhouse Style Units boasting contemporary style living spaces, high ceilings and spacious, open-concept layouts. Property surrounded w/ 6ft concrete walls, gates and tall hedges for ultimate privacy and security. Ideal for modern families seeking upscale rental living and convenience to FWY and LA finest living near DTLA. All units are individually metered and offer custom black windows, abundance of natural light, solar panels, private balconies, private garages/ parking. The spacious kitchens come with carrera marble counters, shaker custom cabinetry & stainless steel appliances. Designer bathrooms all offer custom tile and glass shower enclosures. This Ideal multifamily gem is perfect for investors or owner-occupiers looking for immediate positive cash flow looking for both rental income and modern, high-end living. Key Features: Brand New Construction: Built with high-quality materials and modern finishes, this property is move-in ready. Modern Design: Sleek architectural lines, stylish interiors, and abundant natural light make every unit feel both elegant and comfortable. Townhouse Units: All corner units with no one living above or below, and only one common wall Spacious Living: With three 4 bedroom/3.5 bathrooms per unit and one 3 Bed/3 Bath Unit, these homes offer plenty of space for growing families or shared living arrangements. Energy Efficient: Equipped with solar panels, energy efficient appliances, windows, and all units separately metered and drought tolerant landscaping on a drip system Gated & Secured: with each unit having separate private garage parking.
  1. Listed by Holland Ashrafnia • DRE #01345982 • Brokerage DRE #00824452 • Christie's International Real Estate SoCal
  2. Listed by Crystal Hayes • DRE #01960209 • Brokerage DRE #00824452 • Christie's International Real Estate SoCal

Property Details for 1943 Hancock Street

Zoning
LARD1.5
Style
Modern
Parcel Number
5210023024
Total Units
4.0
Living Area
6454
Source Living Area
Plans
Area
Lincoln Heights (677)
Vacancy Rate
100%
LISTING UPDATED: 11/19/2024 04:07 AM

Property Details for 1943 Hancock Street

StatusActive
MLS #24-438453
Days on Market68
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.14 AC / 6,253 SF
CountyLos Angeles County

Building Information for 1943 Hancock Street

Stories3Residences-Year Built2024Building Size-Lot Size0.14 AC / 6,253 SF

Property Information for 1943 Hancock Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: Peldano Prop Mgmt Co.
  • Management Company Phone: 2133924568|
Structure Info
Structure Info
  • Year Built Source: Seller
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: townhouse
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Fire Sprinklers, Gated, Smoke Detector
  • Property Condition: New Construction
  • Sewer: In Connected and Paid, In Street, In Street Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: Building Permit, Building Plans Available
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $224,640
  • Net Operating Income: $198,900.00
  • Gross Income: $230,400
  • Gross Rent Multiplier: $11.88
  • Financial Info as Of: 09/13/2024
  • Total Annual Expense: 25740
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6253
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Assigned
  • Total Parking: 12
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Microwave, Washer, Refrigerator, Range/Oven, Dryer, Ice Maker, Garbage Disposal, Gas Dryer Hookup, Solar Panels
  • Interior Features: Common Walls, Open Floor Plan, Recessed Lighting, Pull Down Stairs to Attic
  • Room Kitchen Features: Kitchen Island
  • Kitchen Features: Marble Counters, Island
  • Room Bathroom Features: Shower, Low Flow Toilet(s), Tile Counters
  • Bathroom Features: Shower Stall, Low Flow Toilet(s), Tile
  • Bedroom Features: Master Suite, Master Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas, Microwave, Range, Range Hood
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Exterior Features: Rain Gutters
  • Roof: Flat
  • Sprinklers: Sprinkler System, Drip System, Sprinkler Timer
  • Patio Features: Balcony, Deck(s)
  • Entry Location: Living Room
  • New Construction: Yes
  • Construction Materials: Block, Concrete, Frame, Stucco
  • Exterior Construction: Block, Concrete, Frame, Stucco
  • Foundation Details: Slab
  • Other Structural Features: Balcony, End Unit, Full Copper Plumbing, High Ceilings (9 Feet+), Two On A Lot, Sprinkler System, Rain Gutters, Energy Efficient
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,350.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,350.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,950.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1943 Hancock 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 1943 Hancock Street

Taxable ValueLand$573,052Additions$143,263Total$716,315
Tax Record2024$8,985 ($749 / month)
Home Facts
Beds2Total Finished SqFt1,543 SqFtAbove Grade Finished SqFt1,543 SqFtStories1Lot Size6,251 SqFtStyleSingle Family ResidenceYear Built1907ZoningLARD1.5CountyLOS ANGELESAPN5210-023-024

Schools near 1943 Hancock 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 - 9 to 12
Rating
School
Distance
Griffin Avenue Elementary School
PublicK to 5

Excel Charter Academy
Charter6 to 8

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson Senior High School
Public9 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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1943 Hancock Street is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on September 13, 2024 by Christie's International Real Estate SoCal, it's currently listed at $2,780,000. It has been on the market for a total of 68 days and was last sold on March 5, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Griffin Avenue Elementary School, Excel Charter Academy and Abraham Lincoln Senior High School. 1943 Hancock Street is a 14-bed, 13-bath, 6,454 sqft multi-family home built in 2024.

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 Christie's International Real Estate SoCal, Holland Ashrafnia, DRE #01345982; Christie's International Real Estate SoCal, Crystal Hayes, DRE #01960209

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.