Sold

3650 Monon Street

Los Feliz CA, 90027

$5,600,000


$287.14 per sqft

Sold

19,503 sqft

Condo

Built in 1966

Listed by Arthur Mangassarian with Re/Max Tri-City Realty 818-409-0040

Price reduced by $675,000. This building includes 20 Units in the Los Feliz Silver-Lake area! The offering provides investors with a unique opportunity to acquire twenty units in a premier Los Angeles rental market with meaningful long-term capital appreciation.
3650 Monon Drive is ideally located in Los Feliz (border of Silver Lake) nearby to many neighborhood hotspots! It features an ideal unit composition of 2 large three Bedrooms, 8 two Bedrooms, 2 one Bedroom, and 1 Single unit. The units offer many original details featured from 1960s construction such as original windows with beautiful natural light coming in. This building includes elevators, a washer/dryer room, and some of the units have been remodeled. 13.18 GRM, $300,000 per Unit, and Trust Sale.
All units are currently rented out with the opportunity to increase rent prices. The location is ideal for renters looking to live in the beautiful and fun Silver Lake market! Silver Lake attracts young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 3650 Monon Drive is a short walk from many happening coffee shops and dining options and a short drive to Downtown LA and Hollywood!

GD23041106

MLS ID

March 10, 2023

Listed

March 23, 2024

Updated

Map

3650 Monon Street
Los Feliz CA, 90027

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

11-15 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

637 - Los Feliz


Days on Market

69


Garage

No


Parking Total

0


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD1.5


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

12/7/2023

Price Change

$5,600,000

-7%

12/7/2023

Sold

$5,600,000

10/30/2023

Pending

5/23/2023

Under Contract

Listing Contact: 818-409-0040 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:27 AM UTC

 

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