3600 Country Club Drive

Los Angeles, CA 90019

$5,500,000
Price
20
Beds
16
Baths
17,028 Sq. Ft.
$323 / Sq. Ft.
17,028
Sq. Ft.
$323
per Sq. Ft.

Description

Substantial price adjustment! This spectacular historic property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country...Substantial price adjustment! This spectacular historic property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country Club Drive between 3rd and 4th Avenue. The buildings were built in 1923 & 1936 by well known architects of that period. The units are large and spacious and total over 17,000 sq. ft. There is an excellent mix of 1,2 & 3 bedroom units, with several being townhouse style. The rents are below market creating a quintessential value-add opportunity for new ownership. The units exude style, character and charm offering a mix of both Mediterranean Revival Style and French Revival Style of architecture. This is an extraordinarily unusual opportunity to purchase this property which has rarely been offered for sale since it was built by its original owner, Edna T. Lux in 1923 and 1936.
  1. Listed by Carolyn Schneider • DRE #00881530 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 3600 Country Club Drive

Zoning
LARD1.5
Style
Mediterranean
Parcel Number
5081015019
Total Units
15.0
Living Area
17028
Source Living Area
Assessor
Area
Hancock Park-Wilshire
Vacancy Rate
3.0%
LISTING UPDATED: 11/19/2024 12:41 PM

Property Details for 3600 Country Club Drive

StatusActive
MLS #24-395159
Days on Market137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.54 AC / 23,433 SF
CountyLos Angeles County

Building Information for 3600 Country Club Drive

Stories2Residences-Year Built1923Building Size-Lot Size0.54 AC / 23,433 SF

Property Information for 3600 Country Club Drive

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City Lights, City
  • View: City Lights
  • Direction Faces: North
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: Rent Control, Historical, As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $362,748
  • Net Operating Income: $241,226.00
  • Gross Income: $354,696
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: $15.16
  • Total Annual Expense: 110639
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 23433
  • Lot Description: 2-4 Lots, Sidewalks, Street Asphalt, Street Lighting
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Carport Attached
  • Total Parking: 15
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Gravity
  • Heating Type: Gravity
  • Equipment: Cable, Dishwasher, Gas Dryer Hookup, Network Wire, Range/Oven, Dryer
  • Laundry: Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,462.00
  • Unit Actual Rent: $13,161.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,536.00
  • Unit Actual Rent: $7,608.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,980.00
  • Unit Actual Rent: $3,960.00
  • Unit Projected Rent: $4,550.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $722,000.00
  • Assessed Improvement Percent: 66.67
  • Assessed Land Value: $361,000.00
  • Assessed Land Percent: 33.33
  • Assessed Total Value: $1,083,000.00

Property History for 3600 Country Club 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 3600 Country Club Drive

Taxable ValueLand$383,095Additions$766,191Total$1,149,286
Tax Record2024$15,030 ($1,253 / month)
Home Facts
Total Finished SqFt6,922 SqFtAbove Grade Finished SqFt6,922 SqFtLot Size7,791 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLARD1.5CountyLOS ANGELESAPN5081-015-019

Schools near 3600 Country Club 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 - 6 to 8
Rating
School
Distance
Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy Middle School
Charter6 to 8

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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3600 Country Club Drive is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on July 8, 2024 by Miller & Desatnik Realty Co., it's currently listed at $5,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School and Los Angeles Senior High School. 3600 Country Club Drive is a 20-bed, 16-bath, 17,028 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 Miller & Desatnik Realty Co., Carolyn Schneider, DRE #00881530

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.