3317 Castle Heights Avenue

Los Angeles, CA 90034

$2,595,000
Price
3
Beds
8
Baths
5,980 Sq. Ft.
$434 / Sq. Ft.
5,980
Sq. Ft.
$434
per Sq. Ft.

Description

Nestled in the coveted neighborhood of Cheviot Hills in Los Angeles, this charming apartment building presents an opportunity for both investors and residents seeking a blend of urban convenience and suburban tranquility. This desirable West Los Angeles neighborhood enjoys easy access to major thoroughfares, including the nearby I-10 and I-405 freeways, facilitating easy commuting throughout the city and beyond. Additionally, residents can take advantage of nearby Cheviot Hills shopping center which...Nestled in the coveted neighborhood of Cheviot Hills in Los Angeles, this charming apartment building presents an opportunity for both investors and residents seeking a blend of urban convenience and suburban tranquility. This desirable West Los Angeles neighborhood enjoys easy access to major thoroughfares, including the nearby I-10 and I-405 freeways, facilitating easy commuting throughout the city and beyond. Additionally, residents can take advantage of nearby Cheviot Hills shopping center which includes Vons, Starbucks and several trendy restaurants that are only a short walk from the property. PROPERTY DESCRIPTION
The property has been meticulously maintained and 6 of the units have been renovated which includes new kitchens – granite counter tops, new cabinets, appliances, tile or vinyl plank flooring, new bathrooms and new windows. The property has also been replumbed with copper pipes. The property has a great unit mix of spacious one bedrooms and two bedrooms. Tenants also enjoy enclosed garages and on-site laundry facilities.
  1. Listed by Grant Hahn • DRE #01197893 • Brokerage DRE #01220368 • Morgan Skenderian • gmh@morganskenderian.com

Property Details for 3317 Castle Heights Avenue

Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5980
Assessor Parcel Number
4311-005-005
LISTING UPDATED: 08/22/2024 05:41 AM

Property Details for 3317 Castle Heights Avenue

StatusActive
MLS #PW24130127
Days on Market132
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
CountyLos Angeles County

Building Information for 3317 Castle Heights Avenue

Building/Complex3317 Castle Heights AveFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-

Property Information for 3317 Castle Heights Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $185,760
  • Gross Scheduled Income: $185,760
  • Vacancy Allowance: 5573
  • Net Operating Income: $118,564
  • Gross Multiplier: 13.9
Expense Details
  • Operating Expense: $61,623
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $61,623
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 431...
  • Tax Census Tract: 2698.00
  • CFD/Mello-Roos Fee: $1,169
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None, Kitchen
  • Fireplace Rooms: Kitchen, None
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: first
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $10,463
  • Unit Type Total Rent: $10,463
  • Unit Type Pro Forma: 14100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,892
  • Unit Type Total Rent: $4,892
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 3317 Castle Heights Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3317 Castle Heights Avenue

Taxable ValueLand$53,084Additions$136,501Total$189,585
Tax Record2024$3,440 ($287 / month)
Home Facts
Total Finished SqFt5,980 SqFtAbove Grade Finished SqFt5,980 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAR3CountyLOS ANGELESAPN4311-005-005

Schools near 3317 Castle Heights Avenue

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
Public - 9 to 12
Rating
School
Distance
Castle Heights Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation 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

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.

3317 Castle Heights Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on June 25, 2024 by Morgan Skenderian, it's currently listed at $2,595,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Castle Heights Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 3317 Castle Heights Avenue is a 3-bed, 8-bath, 5,980 sqft multi-family home built in 1953.

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 Morgan Skenderian, Grant Hahn, DRE #01197893

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.