2041 N Vermont Avenue

    Los Angeles (City), CA 90027
    • $9,950,000
    • STATUS: Active
    • ON SITE: 54 days
    • ID#: 19503038
    UPDATED: 194 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 California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98265965

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

    • Price: $9,950,000
    • Status: Active
    • Updated: 194 min ago
    • ID#: 19503038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    22,582
    SQFT
    $441
    $/SQFT
    1928
    Built
    Neighborhood:
    637 - Los Feliz
    County:
    Los Angeles
    Area:
    637 - Los Feliz
    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

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.40 Electric Expense 40518.00 Fuel Expense 7733.00 Gross Multiplier 0.00 Gross Operating Income 573779.00 Insurance Expense 10450.00 Laundry Income 3600.00 Laundry YN Yes Licenses Expense 3770.00 Maintenance Expense 5000.00 Net Operating Income 342427.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Pest Control Expense 1140.00 Professional Management Expense 23272.00 Special Listing Conditions Standard Total Expenses 231352.00

    Listing provided courtesy of Lane Aronson of Berkshire Hathaway Homeservice and Paloma Fierro of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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