$2,088,000
$312K PRICE DROP

1018 S Crescent Heights Blvd Los Angeles, CA 90035

Carthay Neighborhood

Estimated payment $13,634/month

Total Views 3,547
6 Beds
4 Baths
3,859 Sq Ft
$541 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • High Ceiling
  • Home Office
  • Main Floor Primary Bedroom
  • Granite Countertops
  • Living Room Balcony

About This Home

Recently reduced to sell! A beautiful Spanish style duplex in the heart of Los Angeles near Beverly Grove! An investor's dream or a family's wish come true, this recently updated property consists of two 3 bedroom plus 2 bathroom single level units! Not to mention, this real estate also includes an already permitted ADU plan ready to go! Each unit is close to 2,000 sq. ft. and has 2 separate garages for 4 cars! The best part of this all is the whole property can be delivered vacant! Dont walk but run to this great opportunity and plan your move to the 1018 South Crescent Heights today!

Listing Agent

Kenny Kim

Coldwell Banker Realty License #01930340 Listed on: 01/22/2025

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $26,429

Year Built

  • Built in 1932

Lot Details

  • 5,489 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Interior Spaces

  • 3,859 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Family Room
  • Living Room with Fireplace
  • Home Office
  • Storage
  • Property Views

Kitchen

  • Gas Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Living Room Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 216800
  • Assessor Parcel Number 5087018031

Community Details

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $5,000
  • Insurance Expense $10,000
  • Trash Expense $6,000
  • Water Sewer Expense $4,000
  • Operating Expense $10,000
  • Gross Income $180,000
  • Net Operating Income $13,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$26,429

Year Built

Built in 1932

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: Yes
  • Water Sewer Expenses: 4000.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5087018031
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Granite Counters, Balcony, Wet Bar, Storage, Recessed Lighting, Living Room Balcony, High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 541.07
  • Room Type: Family Room, Laundry, Primary Suite, Main Floor Primary Bedroom, Main Floor Bedroom, Primary Bathroom, Walk-In Closet, Office, Primary Bedroom

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Common Area, Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5489.00
  • Lot Size Acres: 0.1260

Multi Family

  • Electric Expense: 5000.00
  • Gross Income: 180000.00
  • Gross Scheduled Income: 180000.00
  • Insurance Expense: 10000.00
  • Lot Size Area: 5489.0000 Square Feet
  • Net Operating Income: 13000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 30000.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • Tax Lot: 1
  • Tax Tract: 7603
  • Tax Tract Number: 216800

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,429 $2,210,850 $1,664,640 $546,210
2024 $26,429 $2,167,500 $1,632,000 $535,500
2023 $25,916 $2,125,000 $1,600,000 $525,000
2022 $18,055 $1,505,369 $1,072,201 $433,168
2021 $17,822 $1,475,853 $1,051,178 $424,675
2019 $17,289 $1,432,080 $1,020,000 $412,080
2018 $17,154 $1,404,000 $1,000,000 $404,000
2016 $1,973 $140,056 $52,771 $87,285
2015 $1,948 $137,953 $51,979 $85,974
2014 $1,970 $135,251 $50,961 $84,290
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 Price Changed $2,088,000 -7.2% $541 / Sq Ft
04/23/2025 04/23/25 Price Changed $2,250,000 -6.3% $583 / Sq Ft
01/22/2025 01/22/25 For Sale $2,400,000 +12.9% $622 / Sq Ft
10/03/2022 10/03/22 Sold $2,125,000 -3.4% $551 / Sq Ft
09/05/2022 09/05/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $2,200,000 +52.8% $570 / Sq Ft
08/10/2017 08/10/17 Sold $1,440,000 -0.7% $373 / Sq Ft
06/24/2017 06/24/17 For Sale $1,450,000 0.0% $376 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $1,450,000 -- $376 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,125,000 Old Republic Title
Interfamily Deed Transfer -- Provident Title
Grant Deed $1,404,000 Fidelity Sherman Oaks
Warranty Deed -- Fidelity Sherman Oaks
Interfamily Deed Transfer -- Fidelity Sherman Oaks
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $462,500 New Conventional
Closed $200,000 New Conventional
Open $1,200,000 New Conventional
Previous Owner $938,600 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-20580

Pasadena-Foothills Association of REALTORS®

APN: 5087-018-031