2951 Park Center Drive

Los Angeles, CA 90068

$1,200,000
Price
3
Beds
3
Baths
1,581 Sq. Ft.
$759 / Sq. Ft.
1,581
Sq. Ft.
$759
per Sq. Ft.

Description

FHA FINANCING 5% DOWN - Excellent Owner User or Investment Opportunity - Motivated Seller - New Roof - Authentic Craftsman style DUPLEX in the Hollywood Hills. Directly adjacent to Mulholland Drive. Property centrally located near Hollywood Bowl and Universal Studios. Perched On a Hill W/ Views of The Hollywood Sign. Second floor 2 Bedroom 2 Bath Unit W/ scenic views, and 1 Bedroom 1 Bath Unit on the first floor. Potential for an ADU conversion in the garage.FHA FINANCING 5% DOWN - Excellent Owner User or Investment Opportunity - Motivated Seller - New Roof - Authentic Craftsman style DUPLEX in the Hollywood Hills. Directly adjacent to Mulholland Drive. Property centrally located near Hollywood Bowl and Universal Studios. Perched On a Hill W/ Views of The Hollywood Sign. Second floor 2 Bedroom 2 Bath Unit W/ scenic views, and 1 Bedroom 1 Bath Unit on the first floor. Potential for an ADU conversion in the garage.
  1. Listed by Nathan Shaolian • DRE #02074836 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 2951 Park Center Drive

Zoning
LAR1
Style
Craftsman
Parcel Number
2429024013
Total Units
2.0
Living Area
1581
Source Living Area
Owner
Area
Sunset Strip - Hollywood Hills West (C03)
Vacancy Rate
0
LISTING UPDATED: 12/02/2024 09:26 AM

Property Details for 2951 Park Center Drive

StatusActive
MLS #24-459233
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.07 AC / 2,848 SF
CountyLos Angeles County

Building Information for 2951 Park Center Drive

Stories2Residences-Year Built1913Building Size-Lot Size0.07 AC / 2,848 SF

Property Information for 2951 Park Center Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: Yes
  • View Description: Canyon, Hills, Fields, City
  • View: Canyon, Hills, City Lights
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $90,000
  • Net Operating Income: $58,500.00
  • Gross Income: $90,000
  • Cap Rate: 4.87%
  • Gross Rent Multiplier: $13.30
  • Actual Annual Gross Rent: $90,000.00
  • Financial Info as Of: 11/01/2024
  • Total Annual Expense: 29500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0654
  • Lot Size Square Feet: 2848
Parking Details
Parking Details
  • Parking Garage: Attached, Carport Attached, Covered Parking, Direct Entrance
  • Total Parking: 2
  • Covered Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Attached Carport, Covered, Direct Garage Access
  • Attached Garage: Yes
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Freezer, Washer, Refrigerator, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,700.00
  • Unit Actual Rent: $4,700.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $60,261.00
  • Assessed Improvement Percent: 14.03
  • Assessed Land Value: $369,315.00
  • Assessed Land Percent: 85.97
  • Assessed Total Value: $429,576.00

Property History for 2951 Park Center 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 2951 Park Center Drive

Taxable ValueLand$376,701Additions$61,466Total$438,167
Tax Record2024$5,576 ($465 / month)
Home Facts
Total Finished SqFt1,383 SqFtAbove Grade Finished SqFt1,383 SqFtLot Size2,855 SqFtStyleDuplexYear Built1913ZoningLAR1CountyLOS ANGELESAPN2429-024-013

Schools near 2951 Park Center Drive

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

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK 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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2951 Park Center Drive is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on November 1, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,200,000. It has been on the market for a total of 32 days and was last sold on June 30, 2000. This listing's school district is Los Angeles Unified School District. Nearby schools include Valley View Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 2951 Park Center Drive is a 3-bed, 3-bath, 1,581 sqft multi-family home built in 1913.

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 Kidder Mathews of California, Inc., Nathan Shaolian, DRE #02074836

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.