5405 Fernwood Avenue

Los Angeles, CA 90027

$7,700,000
Price
36
Beds
28
Baths
24,054 Sq. Ft.
$320 / Sq. Ft.
24,054
Sq. Ft.
$320
per Sq. Ft.

Description

5405-5419 Fernwood Ave is a 28-unit apartment complex in Los Angeles, CA. The property provides a unit mix of one-bedroom and two-bedroom apartments. The garden-style layout offer a spacious, secure entrance, tiled common areas, and designated carport parking. All units are individually metered for gas and electric. There is also an on-site laundry facility and a community barbeque area for tenants to enjoy. Situated near the Hollywood Strip, tenants of the building benefit from the ample entertainment...5405-5419 Fernwood Ave is a 28-unit apartment complex in Los Angeles, CA. The property provides a unit mix of one-bedroom and two-bedroom apartments. The garden-style layout offer a spacious, secure entrance, tiled common areas, and designated carport parking. All units are individually metered for gas and electric. There is also an on-site laundry facility and a community barbeque area for tenants to enjoy. Situated near the Hollywood Strip, tenants of the building benefit from the ample entertainment and eateries in the surrounding area.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 5405 Fernwood Avenue

Zoning
LAR4
Parcel Number
5544032008
Total Units
28.0
Living Area
24054
Source Living Area
Other
Area
Hollywood (C20)
Vacancy Rate
-3%
Lot Size Area
34991
LISTING UPDATED: 10/29/2024 02:38 PM

Property Details for 5405 Fernwood Avenue

StatusActive
MLS #24-456959
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.80 AC / 34,991 SF
CountyLos Angeles County

Building Information for 5405 Fernwood Avenue

Stories-Residences-Year Built1939Building Size-Lot Size0.80 AC / 34,991 SF

Property Information for 5405 Fernwood Avenue

Community / Development
Community / Development
  • Number Of Units: 28
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $643,895
  • Net Operating Income: $385,819.00
  • Gross Income: $595,379
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: $11.74
  • Total Annual Expense: 258076
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.8033
  • Lot Size Square Feet: 34991
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 25
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,573.00
  • Unit Actual Rent: $25,166.00
  • Unit Projected Rent: $25,166.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,037.00
  • Unit Actual Rent: $24,449.00
  • Unit Projected Rent: $24,449.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,768,383.00
  • Assessed Improvement Percent: 62.5
  • Assessed Land Value: $1,061,027.00
  • Assessed Land Percent: 37.5
  • Assessed Total Value: $2,829,410.00

Property History for 5405 Fernwood 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 5405 Fernwood Avenue

Taxable ValueLand$1,082,247Additions$1,810,000Total$2,892,247
Tax Record2024$38,446 ($3,204 / month)
Home Facts
Total Finished SqFt24,088 SqFtAbove Grade Finished SqFt24,088 SqFtLot Size34,946 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningLAR4CountyLOS ANGELESAPN5544-032-008

Schools near 5405 Fernwood 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
Kingsley Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein 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

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5405 Fernwood Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on October 19, 2024 by Matthews Real Estate Investment Services, it's currently listed at $7,700,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Kingsley Elementary School, Joseph Le Conte Middle School and Helen Bernstein High School. 5405 Fernwood Avenue is a 36-bed, 28-bath, 24,054 sqft multi-family home built in 1939.

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 Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

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.