NOT LISTED FOR SALE

1401 Constance St Los Angeles, CA 90015

Pico-Union Neighborhood
10 Beds
5 Baths
6,411 Sq Ft
7,302 Sq Ft Lot

Last Sold June 16, 2022

Last sale price $1,100,000 $172 Per Sq Ft

30 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Lawn
  • Property is near public transit
  • Corner Lot
  • 3-minute walk to Alvarado Terrace Park

About This Home

As of June 2022

Great investment opportunity with tons of potential in the heart of downtown LA. This charming 5-unit building has lots with character and original details. Centralized location near USC, LA Trade Tech, Crytpo and Convention Centers. Access to all major freeways, shopping and public transportation.

Last Agent to Sell the Property

Michelle Shimohara

Real Brokerage Technologies License #01967619 Listed on: 02/23/2022

Real Brokerage Technologies

Co-Listed By

PETER ROMERO

Pak Home Realty License #02010855

Last Buyer's Agent

Michelle Shimohara

Real Brokerage Technologies License #01967619 Listed on: 02/23/2022

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 7,302 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Fence is in average condition
  • Corner Lot
  • Lawn
  • Front Yard

Parking

  • 1 Car Garage

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Property Attached

Interior Spaces

  • 6,411 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room
  • Basement

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 13 / J
  • Tax Tract Number 224
  • Assessor Parcel Number 5135019013
  • $1,104 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $4,500
  • Maintenance Expense $6,000
  • Water Sewer Expense $7,200
  • Operating Expense $17,820
  • Gross Income $30,420
  • Net Operating Income $17,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Price Per Unit: 230000
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 7200.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5135019013
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile, Wood
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 171.58
  • Room Type: Basement, Kitchen

Exterior Features

  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn, Near Public Transit
  • Lot Size Sq Ft: 7302.00
  • Lot Size Acres: 0.1676

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30420.00
  • Gross Scheduled Income: 34020.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 7302.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 17820.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 3
  • Number Of Units Total: 5
  • Operating Expense: 17820.00
  • Rent Control: Yes
  • Total Expenses: 17820.00

Tax Info

  • Tax Block: J
  • Tax Census Tract: 2243.20
  • Tax Lot: 13
  • Tax Tract Number: 224...
  • TaxOtherAnnualAssessmentAmount: 1104.00

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $1,100,000 -4.3% $172 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/17/2022 03/17/22 Price Changed $1,150,000 -23.3% $179 / Sq Ft
02/23/2022 02/23/22 For Sale $1,500,000 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michelle Shimohara

    Seller's Agent in 2022

    Michelle Shimohara

    Real Brokerage Technologies

    (626) 710-6760

    1 in this area

    68 Total Sales

    Michelle Shimohara
    Section Image
  • PETER ROMERO

    Seller Co-Listing Agent in 2022

    PETER ROMERO

    Pak Home Realty

    (323) 688-9199

    1 in this area

    6 Total Sales

    PETER ROMERO
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22033868

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90015 Pico-Union

1401 Constance St, Los Angeles, CA

This home is located at 1401 Constance St, Los Angeles, CA 90015 since 23 February 2022. This property was built in 1907. 1401 Constance St is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, Berendo Middle, and West Adams Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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