Listed By:
Nicholas Nasser with AGENCY 8 REAL ESTATE GROUP;
Address
8968 W Wonderland Avenue, Los Angeles, CA
Price
$ 1,489,000
Property Attributes
  • MLS#CV23066908
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSunset Strip - Hollywood Hills West
  • Zip90046
  • StyleContemporary,Traditional
  • Price$ 1,489,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms2
  • Sqr Footage2517
  • Lot Size3,210 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Welcome to this rare gem nestled in the coveted Wonderland School District of the Hollywood Hills, just minutes away from the Sunset Strip or the San Fernando Valley. This unique property offers two custom-built homes situated on one lot, providing an incredible opportunity to generate rental income, host family and friends, or create an at-home office/studio. Both homes have been updated with the finest appliances, fresh paint, and decorator finishes, making them move-in ready. The front home features 2 bedrooms & 2 bathrooms, an attached two-car garage, and parking pad. The primary suite boasts a view of the canyon, fireplace, vaulted ceilings, with the second bedroom accessing a deck overlooking the open courtyard that connects the two homes. Attached to the garage is a laundry room that leads to the private backyard. The second home offers a loft-style, 1 bedroom & 1.5 bathrooms with high ceilings, open floor plans, upgraded kitchen and bathroom, and French doors. Experience the historic Laurel Canyon lifestyle with this one-of-a-kind opportunity.

Price History
4/21/2023 Listed $1,595,000
5/1/2023 3% - $1,549,500
7/17/2023 4% - $1,489,000

General Features

Interior Features BeamedCeilings,BuiltinFeatures,Balcony,HighCeilings,LivingRoomDeckAttached,MultipleStaircases,OpenFloorplan,AllBedroomsUp,Loft,WalkInClosets
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableAvailable,ElectricityAvailable,NaturalGasAvailable,PhoneAvailable
Roof Clay
Appliances Dishwasher,WaterHeater,WaterPurifier
Exterior Features Lighting
Zoning LAR1
HOA 0.0
Garage Spaces 2.0
Architectural Style Contemporary,Traditional
Pool Features None
Year Built 1992
Electric Standard
Tenant Pays AllUtilities
View Mountains
Levels MultiSplit
Property SubType Duplex
Gross Income 90000.0
Community Features StreetLights
Accessibility None
County Los Angeles
Net Operating Income 81804.0
Operating Expense 8195.0
Insurance Expense 3439.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Other Structures TwoOnALot
Special Listing Conditions Standard
Status Active
Directions West of Laurel Canyon and North of Sunset
City Los Angeles
Disclosures FamilialRelation
Entry Location Front
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 2.0
Total Units 2
MLS Area C03 - Sunset Strip - Hollywood Hills West
Lot Size Square Feet 3210.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 2
Street Name Wonderland
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 131
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 651
Total Actual Rent 7500.0
Property Sub Type Additional Duplex
Taxes 4756.0
Cap Rate 5.49
MobileHomeRemainsYN No

Interior Features

Flooring Tile,Wood
Fireplace Features FamilyRoom,PrimaryBedroom
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features WasherHookup,ElectricDryerHookup,GasDryerHookup,LaundryRoom,SeeRemarks
Entry Level 1
Electric On Property Y/N No

Exterior Features

Fencing Wood
Lot Features Garden,Landscaped,Paved,Yard
Water Source Public
Total Parking 4.0
Lot Size Area 3210.0
Number of Buildings 2
Spa No
Building Area Total 2517.0
Lot Size Acres 0.0737
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Door Features FrenchDoors,SlidingDoors
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90046

Price
AVG $4.51M
$1.49M
Visits
AVG 96
198
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1992