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Sold for $1,800,000 on 02/21/25
  • $1,800,000

    128 N Clark Dr, Los Angeles, CA 90048

    8beds
    6baths
    4,604sqft
    Multi Family
    Built in 1953
    -- sqft lot
    $1,769,600 Zestimate®
    $391/sqft
    $-- Estimated rent

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    $11,222/mo

    Est. payment

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    $11,222/mo

    Est. payment

    What's special

    Rare opportunity to purchase this 6 unit building for the first time in 60 years. Major upside potential, come take advantage of the existing super charming units and add your personal touch to this trophy property. Currently consisting of (2) two-bedroom units and (4) one-bedroom units. Located on a charming, tree-lined street, the building is 4,604 gross square feet and sits on a 6,002-square-foot lot. Residents enjoy a 97 walk score with unparalleled access to world-class dining, retail shops, and entertainment along the renowned Beverly Blvd & 3rd Street. Beverly Hills is just minutes away, and Cedars Sinai next door. This prime location ensures excellent connectivity via San Vicente Blvd and Beverly Blvd, offering both lifestyle and convenience. With lovely, responsible tenants in place and easy maintenance features, this offering presents a value-add investment opportunity, offering a 3.83% initial CAP rate with the potential to achieve 9.04% once units turnover. Don't miss your chance to own a piece of this thriving community next to world class medical services, culture, and entertainment.

    Zillow last checked: 8 hours ago

    Listing updated: February 21, 2025 at 06:33am

    Listed by:

    Danny Mahelka DRE # 01170359 213-359-4097,

    Coldwell Banker Realty 310-777-6200,

    Shirley Bilfield DRE # 00894035 310-435-5032,

    Coldwell Banker Realty

    Bought with:

    Shirel Ohevzion, DRE # 02228154

    Equity Union

    Source: CLAW,MLS#: 25-485753MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    Heating
    • Wall
    Cooling
    • None
    Appliances
    • Included: Gas Cooking Appliances, Disposal, Range/Oven, Refrigerator, Gas Water Heater
    • Laundry: Common Area, Laundry Room
    Features
    • Built-Ins
    • Flooring: Hardwood
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 4,604
    • Total interior livable area: 4,604 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage Is Detached
    • Garage spaces: 4
    Features
    • Levels: One
    • Stories: 2
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    • Waterfront features: None
    Lot
    • Size: 6,002 sqft
    • Features: City Lot
    Details
    • Additional structures: None
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family
    Materials
    • Stucco
    Condition
    • Year built: 1953

    Utilities & green energy

    • Sewer: In Street

    Community & neighborhood

    Location
    • Region: Los Angeles
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    Estimated market value
    $1,769,600