My client just closed yesterday on this beautifully remodeled classic 1923 four-plex in desirable Los Feliz Village. I am quite happy for them, as it is a great building with solid tenant's, and is sold 100% occupied. Speaking of the Tenant's, I thought it was quite interesting that they all have the same mid-century furniture and design aesthetic in their individual apartments, as you can see in a few of the living room shots below. The building spins off about $6,000/mo in total and that is with one unit paying considerably under market value due to rent control. The building was remodeled in 2007. Upgrades include: new roof, double paned windows, pavers, new kitchen cabinets, Hunter ceiling fans, awnings, washer/dryer (in two of four units), energy efficient appliances (tankless waterheaters), and hardwood floors throughout. The property is within walking distance to the historic Vista Theatre, and all the shops and restaurants of the Village. From the upstairs balcony the two units have views of the Griffith Park Observatory as well! There is also a private garage in the back for each unit. In short it is a beautiful building with great Tenant's in a prime and still growing location. I think my client's did quite well for themselves, and it was an honor to represent them on this transaction.
1540 Rosalia Rd, Los Feliz
Sold for $1,040,000 (Asking price was $1,100,000) 4 1 Bed Units 1 Bath each unit 3,448 Sq. Ft 6,621 Lot Sq. Ft.
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