Skip To Content

    4408 Russell Ave

    Los Angeles, CA 90027
    • $2,349,000
    • STATUS: Active Under Contract
    • ON SITE: 90 days
    • MLS #: 21-725314
    Under Contract
    UPDATED: 62 min ago
    $2,349,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,816
      SQFT
    • $488
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    One Unit Delivered Vacant! Location! Location! Location! 4408 Russell Avenue The Russell Residences is a seven-unit 4,816 square foot multifamily property comprised of (6) 1+1s and a renovated 2+1, located in the extremely desirable Los Feliz neighborhood. The Russell Residences, situated in a stellar location which has superb schools, easy access to DTLA, The San Fernando Valley, and is enticing to both Buyers, Investors, and Tenants. A new buyer can add value by conducting renovations to the units, common areas, and exterior to increase their yield and stabilize at a 7.0% cap rate. Not only that, an Owner/User can occupy one or more of the units as their own residence or office space at a fraction of the price for a condo or townhome in the same location.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-29T12:42:51.273. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/116587136
    Print Image

    4408 Russell Ave Los Angeles, CA 90027

    • Price: $2,349,000
    • Status: Active Under Contract
    • Updated: 62 min ago
    • MLS #: 21-725314
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,816
    SQFT
    $488
    $/SQFT
    1960
    Built
    Neighborhood:
    Los Feliz
    County:
    Los Angeles
    Area:
    Los Feliz
    Property Description
    One Unit Delivered Vacant! Location! Location! Location! 4408 Russell Avenue The Russell Residences is a seven-unit 4,816 square foot multifamily property comprised of (6) 1+1s and a renovated 2+1, located in the extremely desirable Los Feliz neighborhood. The Russell Residences, situated in a stellar location which has superb schools, easy access to DTLA, The San Fernando Valley, and is enticing to both Buyers, Investors, and Tenants. A new buyer can add value by conducting renovations to the units, common areas, and exterior to increase their yield and stabilize at a 7.0% cap rate. Not only that, an Owner/User can occupy one or more of the units as their own residence or office space at a fraction of the price for a condo or townhome in the same location.
    Exterior Features

    Lot Description Walk StreetSidewalksStreet LightingStreet Paved Lot Location City Lot Size Area 6769 Other Structures None Parking Garage CarportDriveway Patio Features None Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 8 View Description Walk Street View YN Yes

    Interior Features

    Baths Total 7.00 Common Walls Detached/No Common Walls Cooling Wall Unit(S)Wall/Window Den No Dining Room No Equipment Range/OvenRefrigeratorStackable W/D HookupWasherDryer Family Room No Fireplace Rooms None Flooring MixedHardwood Heating Wall Kitchen Features Counter Top Laundry In Unit Rooms Living RoomDining Area

    Property Features

    Amenities None Assessed Total Value 379178 Gross Income 143029 Gross Operating Income 147524 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 97711.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 42458 Type Of Units 2 Water Public Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of David Weinberger DRE#01349349 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-29T12:42:51.273. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-725314-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-725314-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-725314-2.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260