701 1/2 Lorraine Boulevard

Los Angeles, CA 90005

$2,590,000
Price
8
Beds
8
Baths
5,218 Sq. Ft.
$496 / Sq. Ft.
5,218
Sq. Ft.
$496
per Sq. Ft.

Description

Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Drive by Only. Do not disturb tenants! showing available...Beautiful and charming Hancock Park Windsor Village. Great residential area with a beautiful new landscape gardening. Well maintained 4 units building. 2 stories. each unit is spacious, well updated with original charms. 2 units are townhouse-style. other 2 units are open floor plans. every units have own washer & dryer's. In Hancock Park, HPOZ, R3 zone. 4 units are separate own electric & gas meters. updated with copper pipes and electric systems. Drive by Only. Do not disturb tenants! showing available after offer is submitted. text to the listing agent for more info.
  1. Listed by Sung Oh • DRE #01884497 • Brokerage DRE #01375374 • Real Estate eBroker Inc.

Property Details for 701 1/2 Lorraine Boulevard

Zoning
LAR3
Parcel Number
5090031018
Total Units
4.0
Living Area
5218
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0%
Lot Size Area
7312
LISTING UPDATED: 08/18/2024 12:01 AM

Property Details for 701 1/2 Lorraine Boulevard

StatusActive
MLS #24-426363
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.17 AC / 7,312 SF
CountyLos Angeles County

Building Information for 701 1/2 Lorraine Boulevard

Stories2Residences-Year Built1936Building Size-Lot Size0.17 AC / 7,312 SF

Property Information for 701 1/2 Lorraine Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: income
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $137,616
  • Net Operating Income: $109,884.94
  • Gross Income: $144,859
  • Gross Rent Multiplier: $17.87
  • Actual Annual Gross Rent: $144,859.92
  • Actual Rent Total: $144,859.92
  • Total Annual Expense: 34975
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7312
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 7
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-10-2024
  • Rent Control: 100%
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,100.00
  • Unit Actual Rent: $4,100.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,644.00
  • Unit Actual Rent: $3,644.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,762.00
  • Unit Actual Rent: $2,762.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,564.00
  • Unit Actual Rent: $1,564.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,498.00
  • Assessed Land Value: $758,643.00

Property History for 701 1/2 Lorraine Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 701 1/2 Lorraine Boulevard

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

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High 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.

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701 1/2 Lorraine Boulevard is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on August 10, 2024 by Real Estate eBroker Inc., it's currently listed at $2,590,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Park Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 701 1/2 Lorraine Boulevard is a 8-bed, 8-bath, 5,218 sqft multi-family home built in 1936.

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 Real Estate eBroker Inc., Sung Oh, DRE #01884497

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.