2041 N Vermont Avenue

    Los Angeles (City), CA 90027
    • $9,950,000
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 19503038
    UPDATED: 47 min ago
    $9,950,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,582
      SQFT
    • $441
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Own a piece of Los Feliz History. In 1928 architect/contractor Hugh Howe Hinds was commissioned to design and build what was to become Layden Hall. His progressive French Normandie design became a Landmark in the "posh" Los Feliz neighborhood on North Vermont. The building was subsequently purchase in 1955 by Ms. Gwendolyn Horton and became known to the locals as Horton Hall. This fabulous building has not been resold since her purchase. The property features 31 units, consisting of 24 charming studios (separate kitchens, dining areas and walk-in closets), 6 beautiful 1 bedroom, view units and a huge additional one bedroom, "owner's" unit of approximately 1,500+ sq. ft. All, we believe, to have beamed ceilings. The total building size is 22,582 square feet per assessor. Although master metered for gas and electricity, the expenses of the building appear to be very reasonable. Anticipated upside of the rents is approximately 35-40% of current. Maybe once in a lifetime opportunity.

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    Based on information from CARETS as of 2019-11-18T16:45:59.21. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.

    Licensed in the State of California, USA.
    www.desertarealuxuryhomes.com/homes/98264503

    2041 N Vermont Avenue Los Angeles (City), CA 90027

    • Price: $9,950,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 19503038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    22,582
    SQFT
    $441
    $/SQFT
    1928
    Built
    Neighborhood:
    Los Feliz (C22)
    County:
    Los Angeles
    Area:
    Los Feliz (C22)
    Property Description
    Own a piece of Los Feliz History. In 1928 architect/contractor Hugh Howe Hinds was commissioned to design and build what was to become Layden Hall. His progressive French Normandie design became a Landmark in the "posh" Los Feliz neighborhood on North Vermont. The building was subsequently purchase in 1955 by Ms. Gwendolyn Horton and became known to the locals as Horton Hall. This fabulous building has not been resold since her purchase. The property features 31 units, consisting of 24 charming studios (separate kitchens, dining areas and walk-in closets), 6 beautiful 1 bedroom, view units and a huge additional one bedroom, "owner's" unit of approximately 1,500+ sq. ft. All, we believe, to have beamed ceilings. The total building size is 22,582 square feet per assessor. Although master metered for gas and electricity, the expenses of the building appear to be very reasonable. Anticipated upside of the rents is approximately 35-40% of current. Maybe once in a lifetime opportunity.
    Exterior Features

    Open Other Spaces Total 0 Parking Spaces Total 0 Parking Type None

    Interior Features

    Cooling Type Other Heating Type Wall Heater Interior Features Other Total Floors 4 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 1

    Property Features

    Adjusted Gross Income 585415.00 Cap Rate 3.40 Country United States Of America Expense Actual Annual Vacancy 11636.00 Expense Electric 40518.00 Expense Elevator 1500.00 Expense Gardener 720.00 Expense Gas 7733.00 Expense Insurance 10450.00 Expense Licenses 3770.00 Expense Maintenance 5000.00 Expense Management 23272.00 Expense Manager 6000.00 Expense Pest 1140.00 Expense Tax 131250.00 Expense Total Annual 231352.00 Gross Operating Income 573779.00 Gross Rent Multiplier 1699.00 Hoa YN N Laundry Income 3600.0 Legal Disclosures Rent Control Lot Size Source Public Records Net Operating Income 342427.00 Number Electric Meters 1 Number Gas Meters 1 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1476.48 Unit Monthly Rent02 1700.03 Unit Monthly Rent03 0.00 Unit Projected Total Monthly Rent01 45600.00 Unit Projected Total Monthly Rent02 14400.00 Unit Projected Total Monthly Rent03 2850.00 Unit Total Monthly Rent01 35435.52 Unit Total Monthly Rent02 10200.18 Unit Total Monthly Rent03 0.00 Unit Type01 24 Unit Type02 6 Unit Type03 1 Units Total In Complex 31

    Listing provided courtesy of Lane Aronson DRE#00681193 of Berkshire Hathaway Homeservices California and Paloma Fierro CA DRE# 01386256 of .


    Based on information from CARETS as of 2019-11-18T16:45:59.21. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.

    Licensed in the State of California, USA.
     
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    Palm Desert CA, 92260