SOLD 05/02/2024
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Commercial sold for $3,550,000 in 86 days
639 N Juanita Ave Los Angeles, CA, 90004
Off the market Other
***Excellent Assumable Debt - $1,925,000 loan, fixed 3.2% interest-only until April 2027***We pleased to present 639 N. Juanita Avenue, a 9-unit value-add apartment building located in East Hollywood (Silver Lake adjacent). The building was constructed in 1990 so it is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of all two bedroom/two bath units. Select units have been remodeled and feature vinyl wood flooring, recessed lighting, new windows, new sliding glass patio doors, mini split heat/air-condition units, remodeled bathrooms and kitchens with new shaker cabinets, stone countertops and stainless-steel appliances (gas range oven, refrigerator, dishwasher, microwave). The property features gated entry, secured covered parking and a laundry facility and sits on a 7,543 square foot lot that is LAR3 zoned.This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an excellent rental submarket that is not subject to City of Los Angeles Rent Control. Existing ownership has been successful in achieving top of the market rents for renovated units. New ownership has an opportunity to realize remaining potential rental upside by continuing the current renovation pr
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Property details
8,340 sqft interior area
Land area
7,545 sqft (0.17 acres)
Address
639 N Juanita Ave, Los Angeles, CA, 90004
City of California
Los Angeles
County
Los Angeles
Year Built
1990
District
Listing
Nearby major retailers
Costco
T-Mobile
Albertsons
Trader Joe's
Whole Foods Market
Toyota
Wholesale: 1
Mobile phone: 6
Supermarket: 9
Car: 2
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Interior Features
—
Garage & Parking
Covered
Amenities
Other
Listed by
Matthew Ziegler, Marcus & Millichap
Name
Matthew Ziegler
License number
01280909
Brokerage company
Marcus & Millichap
MLS #
CL24355985
Buyer agent
Name
Lulu Knowlton
Brokerage company
eXp Realty of California Inc
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Calculate your monthly payments
Mortgage
$10,900
Taxes
$0
HOA dues
$0
Mortgage
$710,000 / 20%
2.28%
30 years
Your amount
$10,900 / month
Lot details
TMK #5539022030
Parcel nr.
5539022030
90004 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90004
40%
Families with children
National average: 39%
51%
Non family households
705,751
Population
$77,911
Average Income
Age & gender
Median age 35 years
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Commute types
66% commute by car
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Education level
26% have bachelor education
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Number of employees
1% work in retail trade
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Vehicles available
48% have 1 vehicle
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Vehicles by gender
48% have 1 vehicle
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Housing market insights for
$1.56m
Neighborhood average
sales price*
sales price*
$1.25m
Neighborhood median
sales price*
sales price*
633
Number
of sales*
of sales*
Housing type
40% are apartments
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Rooms
40% of the houses have 2 or 3 rooms
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Bedrooms
37% have 2 or 3 bedrooms
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Owners vs Renters
82% are renters
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15.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold May 2, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 2, 2024 | Sold | $3,550,000 | 0 | Public Record |
| May 2, 2024 | Price Decrease | $3,550,000 -6.58% | 0 | MLS #CL24355985 |
| Apr 23, 2024 | Pending | $3,800,000 | 0 | MLS #CL24355985 |
| Feb 7, 2024 | New Listing | $3,800,000 | 0 | MLS #CL24355985 |
Taxes of 639 N Juanita Ave, Los Angeles, CA, 90004
LAR3 zoning / MLS #CL24355985
Zoning
LAR3
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Frequently Asked Questions about 639 N Juanita Ave
What is 639 N Juanita Ave?
639 N Juanita Ave is a Commercial/Industrial propertywith 8,340 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
639 N Juanita Ave, Los Angeles, CA, 90004.
What comparable properties are nearby?
Comparable nearby commercial properties include 542 N Kenmore Ave, 639 N Alexandria Ave, 4520 Willow Brook Ave, 3522 Bellevue Ave, 4443 Willow Brook Ave, 4212 Lockwood Ave.
Based on information from the bridgeMLS as of 05-18-2024. 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.
Listing last updated on: May 08, 2024
Verhouse Last checked 7 minutes ago
The closest grocery stores are American Ranch and Seafood Market, 0.48 miles away and Seafood Market, 0.58 miles away.
The 90004 zip area has a population of 705,751, and 40% of the families have children. The median age is 35.62 years and 66% commute by car. The most popular housing type is "apartment" and 82% is renter.
