7262 Waring Avenue

Los Angeles, CA 90046

$1,630,000
Price
6
Beds
4
Baths
2,989 Sq. Ft.
$545 / Sq. Ft.
2,989
Sq. Ft.
$545
per Sq. Ft.

Description

This well-located, 2,989 SF triplex, built in 1926, sits on an 8,649 SF lot and has 6 bedrooms and 4 bathrooms, with two separate addresses.751 N. Alta Vista Blvd. is a large detached 2-bedroom + 2-bathroom bungalow-style unit with a washer/dryer, backyard, and a side yard.7262-7264 Waring Ave. is a duplex, with each unit consisting of 2 Bedrooms and 1Bathroom, a tranquil backyard, and a garage. This is a fantastic opportunity for an Owner/User to live in the vacant unit and use the rent from the...This well-located, 2,989 SF triplex, built in 1926, sits on an 8,649 SF lot and has 6 bedrooms and 4 bathrooms, with two separate addresses.751 N. Alta Vista Blvd. is a large detached 2-bedroom + 2-bathroom bungalow-style unit with a washer/dryer, backyard, and a side yard.7262-7264 Waring Ave. is a duplex, with each unit consisting of 2 Bedrooms and 1Bathroom, a tranquil backyard, and a garage. This is a fantastic opportunity for an Owner/User to live in the vacant unit and use the rent from the tenants to offset their mortgage or a value-added operator who would employ CAPEX to renovate the vacant unit and construct ADUs to stabilize the property for a higher rate of return. Located in a vibrant and trendy Los Angeles neighborhood adjacent to West Hollywood, Beverly Hills, Hollywood, and Pico Robertson, it is ideally situated between Melrose Ave., Santa Monica Blvd., La Brea Ave., and N. Fairfax Ave. This prime location offers residents easy access to lively nightlife, diverse entertainment venues, cultural hotspots, and trendy dining options for which the area is renowned. The area is densely populated, and 7262-7264 Waring Ave. and 751 N. Alta Vista Blvd. are within walking distance of trendy shops, delicious eateries, parks, and entertainment options. Major employers nearby include Live Nation, Technicolor, Viceroy Hotel Group, Ticketmaster, and UCLA.
  1. Listed by David Weinberger • DRE #01349349 • Brokerage DRE #01125362 • Keller Williams Studio City
  2. Listed by David Rothblum • DRE #01332525 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 7262 Waring Avenue

Zoning
LAR1
Parcel Number
5525012001
Total Units
3.0
Living Area
2989
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
33%
Lot Size Area
8651
LISTING UPDATED: 10/22/2024 12:01 AM

Property Details for 7262 Waring Avenue

StatusActive
MLS #24-451059
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.20 AC / 8,651 SF
CountyLos Angeles County

Virtual Tour

Building Information for 7262 Waring Avenue

Stories-Residences-Year Built1926Building Size-Lot Size0.20 AC / 8,651 SF

Property Information for 7262 Waring Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $87,151
  • Net Operating Income: $63,096.00
  • Gross Income: $88,929
  • Cap Rate: 3.90%
  • Gross Rent Multiplier: $18.30
  • Actual Annual Gross Rent: $88,929.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 24055
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1986
  • Lot Size Square Feet: 8651
  • Lot Size Dimensions: 56x154
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 6
  • Parking Features: Driveway, Garage - Two Door
  • Garage Structures Total: 3.0
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,824.00
  • Unit Actual Rent: $3,647.00
  • Unit Projected Rent: $7,240.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $199,126.00
  • Assessed Improvement Percent: 57.14
  • Assessed Land Value: $149,335.00
  • Assessed Land Percent: 42.86
  • Assessed Total Value: $348,461.00

Property History for 7262 Waring 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 7262 Waring Avenue

Taxable ValueLand$152,321Additions$203,108Total$355,429
Tax Record2024$4,822 ($402 / month)
Home Facts
Total Finished SqFt2,989 SqFtAbove Grade Finished SqFt2,989 SqFtLot Size8,649 SqFtStyleTriplexYear Built1926ZoningLAR1CountyLOS ANGELESAPN5525-012-001

Schools near 7262 Waring Avenue

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

Fairfax Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

Whitman 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.

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7262 Waring Avenue is a multi-family home for sale in Los Angeles, CA 90046. This property was listed for sale on October 14, 2024 by Keller Williams Studio City, it's currently listed at $1,630,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and Melrose Elementary School. 7262 Waring Avenue is a 6-bed, 4-bath, 2,989 sqft multi-family home built in 1926.

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 Keller Williams Studio City, David Weinberger, DRE #01349349; RE/MAX One, David Rothblum, DRE #01332525

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.