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3131 & 3135 Oakcrest Dr 3131 Oakcrest Dr

6266 Unit Apartment Building $3,000,000 ($479/Unit) Los Angeles, CA 90068

Investment Highlights

  • Trust Sale. No Court Confirmation required.
  • Both properties are being sold together as currently they share all utilities.
  • Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property.
  • For sale AFTER 55 years! 2 adjacent parcels with 2 separate homes in Hollywood Hills!
  • Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied.
  • Buyer to conduct their own investigations.

Executive Summary

Trust Sale. No Court Confirmation required. For sale AFTER 55 years! Unique opportunity to own 2 adjacent parcels with 2 separate homes in Hollywood Hills. List price is for both houses together. Living SF, Lot Size, and Price per SF are combined for both houses. 3131 Oakcrest Ave is a 1 bed, 1 bath approx. 950 SF living area on a 3,559 lot SF, and a refreshing pool. 3135 Oakcrest Ave is a Spanish Style 5-bed, 3-bath home approx. 3,442 SF living area on a 3,512 lot SF. Basement in 3135 was converted into living unit, without permits. Both properties are being sold together as currently they share all utilities. All utilities are connected to the 3135 house. Unique opportunity for an investor to live in one house, and rent/AirBnB the other. Or separate the utility services and potentially realize substantial income/capital gain benefits. Financials not available since both houses are vacant. Just minutes from Universal Studios, Runyon Canyon, and everything Iconic Hollywood has to offer. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied. Buyer to independently verify the accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or un-permitted spaces. Seller will not be responsible for any repairs, inspection reports, termite work, trash out, and mandatory government retrofit requirements prior to close. Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

Property Facts

Price $3,000,000
Price Per Unit $479
Sale Type Investment
No. Units 6266
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.08 AC
Building Size 2,504 SF
No. Stories 2
Year Built 1928

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Pantry

Site Amenities

  • Pool

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3131 - 950
5+3 3135 - 3,442

zoning

Zoning Code LAR1 (Single Family Residential)
LAR1 (Single Family Residential)
  • Listing ID: 33256440

  • Date on Market: 9/21/2024

  • Last Updated:

  • Address: 3131 Oakcrest Dr, Los Angeles, CA 90068

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