NOT LISTED FOR SALE

1435 Alvarado Terrace Los Angeles, CA 90006

Pico-Union Neighborhood
1 Bed
2 Baths
16,047 Sq Ft
7,507 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $3,300,000 $206 Per Sq Ft

107 Days on Market

Highlights

  • City Lights View
  • Cooling System Mounted To A Wall/Window
  • Garden
  • Wood Flooring
  • Laundry Room
  • 4-minute walk to Alvarado Terrace Park

About This Home

As of August 2024

Minutes from staples center, Los Angeles convention center and la live. Adjacent to 10 freeway, close to public transportation. Shops and stores within walking distance. The property features newly remodeled studios, hardwood floors, new cabinets, ceramic tile in kitchen and bathroom.
Professionally managed by Statewide Enterprises, Inc. (A+ rated by the Better Business Bureau).Pictures in this ad are a representation and may not reflect the actual apartment that is currently available. *Quoted security deposit is on approved credit .
**Six month lease available with $100 monthly surcharge . The rent, deposit, concession and terms listed in this ad are only valid for the actual date that this ad was initially posted. To check out more of our available apartments, go to www.search4apt.com

Last Agent to Sell the Property

Cynthia Burts

Burts & Associates Brokerage Phone: 310-308-8003 License #01134271 Listed on: 03/21/2024

Last Buyer's Agent

Michael Dixon

NAI Capital, Inc. License #01004121

NAI Capital, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,507 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Garden

Parking

  • On-Street Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Apartment
  • Flat Roof Shape

Interior Spaces

  • 16,047 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 36 / B
  • Assessor Parcel Number 5135003014
  • $2,194 per year additional tax assessments

Community Details

Building Details

  • 31 Separate Electric Meters
  • 31 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,200
  • Fuel Expense $6,955
  • Gardener Expense $1,204
  • Insurance Expense $22,703
  • Maintenance Expense $40,179
  • Other Expense $1,292
  • Pest Control $1,302
  • Professional Management Expense $16,000
  • Trash Expense $4,800
  • Water Sewer Expense $22,000
  • New Taxes Expense $51,675
  • Operating Expense $203,725
  • Gross Income $360,339
  • Net Operating Income $156,614

Additional Features

  • 30 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • CapRate: 3.94
  • Price Per Unit: 132500
  • Professional Management Expense: 16000.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 22000.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1204.00
  • Parcel Number: 5135003014
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 205.65

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Pest Control Expense: 1302.00
  • Sewer: Public Sewer
  • Trash Expense: 4800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Rectangular Lot
  • Lot Size Sq Ft: 7507.00
  • Lot Size Acres: 0.1723
  • Latitude Manual: 34.04527800

Multi Family

  • Electric Expense: 3200.00
  • Fuel Expense: 6955.00
  • Gross Income: 360339.00
  • Gross Multiplier: 10.86
  • Gross Operating Income: 360339.00
  • Gross Scheduled Income: 365856.00
  • Insurance Expense: 22703.00
  • Laundry Income: 1800.00
  • Lot Size Area: 7507.0000 Square Feet
  • Maintenance Expense: 40179.00
  • Net Operating Income: 156614.00
  • Number Of Separate Electric Meters: 31
  • Number Of Separate Gas Meters: 31
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 30
  • Operating Expense: 203725.00
  • Operating Expense Percent: 56.00
  • Other Expense: 1292.00
  • Other Expense Description: LAHD
  • Rent Control: No
  • Total Expenses: 203725.00
  • Vacancy Allowance: 7317
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 51675.00
  • Tax Block: B
  • Tax Census Tract: 2243.10
  • Tax Lot: 36
  • Tax Tract Number: MB ...
  • TaxOtherAnnualAssessmentAmount: 2194.00

Range of Values:

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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
03/05/2025 03/05/25 Off Market $1,750 -- --
08/20/2024 08/20/24 For Rent $1,750 0.0% --
08/09/2024 08/09/24 Sold $3,300,000 -17.0% $206 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $3,975,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cynthia Burts

    Seller's Agent in 2024

    Cynthia Burts

    Burts & Associates

    (310) 308-8003

    1 in this area

    14 Total Sales

    Section Image
  • Michael Dixon

    Buyer's Agent in 2024

    Michael Dixon

    NAI Capital, Inc.

    (818) 905-2400

    1 in this area

    7 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24057452

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90006 Pico-Union

1435 Alvarado Terrace, Los Angeles, CA

This home is located at 1435 Alvarado Terrace, Los Angeles, CA 90006 since 21 March 2024. This property was built in 1912. 1435 Alvarado Terrace 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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