2038 Hollenbeck Drive

Los Angeles, CA 90023

$875,000
Price
4
Beds
4
Baths
3,884 Sq. Ft.
$225 / Sq. Ft.
3,884
Sq. Ft.
$225
per Sq. Ft.

Description

TREMENDOUS UPSIDE for this 4 plex building with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. This property is located across the street from Hollenbeck park. Excellent and desirable location. A deal like this will not be available when the bridge project is completed. All units...TREMENDOUS UPSIDE for this 4 plex building with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. This property is located across the street from Hollenbeck park. Excellent and desirable location. A deal like this will not be available when the bridge project is completed. All units are approx 950 sq ft. The new buyer can convert each unit to 2 bedrooms. In the back, there are 4 covered parking and 4 additional cars can be parked behind it. One of the unit has been remodeled with a washer and dryer in the unit and collecting $1,871 in rent. . All other units can be remodeled for maximum income. Many upgrades have been done within the last few years. Newer roof, newer electrical and partial plumbing replaced. Separately metered for gas and electricity.
  1. Listed by Alexis Kim • DRE #01377398 • Brokerage DRE #00824452 • Christie's International Real Estate SoCal
  2. Listed by Donald Heller • DRE #01198240 • Brokerage DRE #00824452 • Christie's International Real Estate SoCal

Property Details for 2038 Hollenbeck Drive

Zoning
LARD1.5
Parcel Number
5183021003
Total Units
4.0
Living Area
3884
Source Living Area
Title Company
Area
Boyle Heights (BOYH)
Vacancy Rate
0
Lot Size Area
6211
LISTING UPDATED: 12/19/2024 12:01 AM

Property Details for 2038 Hollenbeck Drive

StatusActive
MLS #24-471655
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.14 AC / 6,211 SF
CountyLos Angeles County

Building Information for 2038 Hollenbeck Drive

Stories-Residences-Year Built1923Building Size-Lot Size0.14 AC / 6,211 SF

Property Information for 2038 Hollenbeck Drive

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 4 plex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: Rent Control, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $59,979
  • Net Operating Income: $38,946.00
  • Gross Income: $59,979
  • Cap Rate: 4.45%
  • Gross Rent Multiplier: $14.59
  • Financial Info as Of: 12/11/2024
  • Owner Pays: Water
  • Total Annual Expense: 21000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1426
  • Lot Size Square Feet: 6211
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Driveway
  • Total Parking: 0
  • Parking Features: Detached Carport, Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Carpet, Tile, Laminate
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-12-2024
  • Listing Terms: Cash, Standard Sale, Cash To New Loan, Exchange/Trade
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,042.30
  • Unit Actual Rent: $1,042.30
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,044.00
  • Unit Actual Rent: $1,044.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,034.10
  • Unit Actual Rent: $1,034.10
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,871.20
  • Unit Actual Rent: $1,871.20
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $352,120.00
  • Assessed Improvement Percent: 65.03
  • Assessed Land Value: $189,374.00
  • Assessed Land Percent: 34.97
  • Assessed Total Value: $541,494.00

Property History for 2038 Hollenbeck 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 2038 Hollenbeck Drive

Taxable ValueLand$193,161Additions$359,162Total$552,323
Tax Record2024$7,190 ($599 / month)
Home Facts
Total Finished SqFt3,884 SqFtAbove Grade Finished SqFt3,884 SqFtLot Size6,209 SqFtStyleQuadraplexYear Built1923ZoningLARD1.5CountyLOS ANGELESAPN5183-021-003

Schools near 2038 Hollenbeck Drive

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

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2038 Hollenbeck Drive is a multi-family home for sale in Los Angeles, CA 90023. This property was listed for sale on December 11, 2024 by Christie's International Real Estate SoCal, it's currently listed at $875,000. It has been on the market for a total of 10 days and was last sold on March 21, 2013. This listing's school district is Los Angeles Unified School District. Nearby schools include Soto Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 2038 Hollenbeck Drive is a 4-bed, 4-bath, 3,884 sqft multi-family home built in 1923.

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, Alexis Kim, DRE #01377398; Christie's International Real Estate SoCal, Donald Heller, DRE #01198240

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.