Los Angeles, CA 90027,3623 Monon ST
Los Angeles, CA 90027,3623 Monon ST
Los Angeles, CA 90027,3623 Monon ST
Los Angeles, CA 90027,3623 Monon ST
Los Angeles, CA 90027,3623 Monon ST
Los Angeles, CA 90027,3623 Monon ST
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$3,215,000

$3,215,000

Est.Price: ?

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Est. payment /mo

14 Beds

10 Baths

7,016 SqFt


SOLD DATE : 06/28/2024

Key Details

Sold Price $3,215,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,016 sqft

Price per Sqft $458

MLS Listing ID 24343589

Sold Date 06/28/24

Bedrooms 14

HOA Y/N No

Year Built 1966

Lot Size 8,446 Sqft

Property Description

We are pleased to present 3623-3625 Monon Street, an exceptionally well-located, well-maintained 2-story, 9-unit value-add multi-family investment opportunity (70%+ rental upside potential), located in ULTRA PRIME Hyperion Village, steps from Trader Joe's and Gelsons in the highly desirable Silver Lake/Los Feliz submarkets of Los Angeles, steps south of Rowena Ave and west of Hyperion Ave. Built in 1966, the building is comprised of a great unit mix of 1 (2+2), 4 (2+1), and 4 (1+1) units that average approximately 780 gross square feet. The 7,016 square foot structure is situated on an 8,448 square foot, LARD1.5-zoned lot. There are 9 covered parking spaces (1/unit). Most of the units have original kitchens and bathrooms featuring mid-century ceramic tile countertops, shower/bathtub backsplashes, and original cabinets. Most units have updated laminate or prefinished hardwood floors. Units also feature small balconies, ample cupboard, drawer, and closet space, and a private lockable large bulk storage unit in the carport area. This ULTRA-PRIME Hip Hyperion Village location has an excellent 91 Walk Score, as the neighborhood is home to a variety of shops, restaurants, and nightlife destinations/entertainment options, with Gelson's Markets, Trader Joe's, Pinkberry, and Tenants of the Trees all within short walking distance and Griffith Park Less than a mile away. The Monon building is in the coveted Ivanhoe Elementary School district, the school being 0.4 miles from the building. The Americana at Brand, Glendale Galleria, Best Buy, and Costco are all less than a 10-minute drive away. The property's location is ideal for those looking to live on a quiet street while still having easy access to freeways and enjoying the convenience of being minutes away from, Silver Lake, Echo Park, Los Feliz, Hollywood, West Hollywood, Glendale, Burbank, and Downtown Los Angeles just 4.1 miles to the southeast. The building is 0.5 miles west of the 5 freeway, 1.4 miles west of the CA-2 freeway, 2.4 miles north of 101 freeway, 3.8 miles west of the 110 freeway, and 5.6 miles north of the 10. 3623-3625 Monon St is well-positioned for a value-added investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Laundry Common Area

Exterior

Garage Attached Carport, Covered, Detached Carport

Carport Spaces 9

Pool None

Parking Type Attached Carport, Covered, Detached Carport

Attached Garage Yes

Total Parking Spaces 9

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5433027013

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew R. Kanner • Keller Williams Realty Los Feliz
Bought with Matthew R. Kanner • Keller Williams Realty Los Feliz
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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