$2,150,000
$245K PRICE DROP

1539 Corinth Ave Los Angeles, CA 90025

Sawtelle Neighborhood

Estimated payment $14,128/month

Total Views 4,358
1 Bed
2 Baths
5,262 Sq Ft
$409 Price per Sq Ft

About This Home

Price Just Reduced - The Corinth Apartments are a well maintained rent controlled property located in the City of Los Angeles in West Los Angeles. This property presents an astute investor a reposition opportunity as there is approximately 25%+ upside in rents.

Listing Agent

Warren Berzack

Warren Lee Berzack Brokerage Phone: 818-269-2979 License #01329015 Listed on: 08/06/2024

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,002 Sq Ft Lot
  • Two or More Common Walls
  • Wooded Lot

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 5,262 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 9 / F
  • Tax Tract Number 1
  • Assessor Parcel Number 4261004010
  • $1,035 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,095
  • Fuel Expense $1,000
  • Gardener Expense $2,400
  • Insurance Expense $5,415
  • Maintenance Expense $7,893
  • Other Expense $800
  • Pest Control $725
  • Trash Expense $5,617
  • Water Sewer Expense $2,000
  • New Taxes Expense $26,875
  • Operating Expense $54,674
  • Gross Income $174,720
  • Net Operating Income $114,805

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.34
  • Price Per Unit: 268750
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 4261004010
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 408.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 725.00
  • Sewer: Public Sewer
  • Trash Expense: 5617.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Treed Lot, Walkstreet
  • Lot Size Sq Ft: 7002.00
  • Lot Size Acres: 0.1607

Multi Family

  • Electric Expense: 1095.00
  • Fuel Expense: 1000.00
  • Gross Income: 174720.00
  • Gross Multiplier: 12.31
  • Gross Operating Income: 169478.00
  • Gross Scheduled Income: 174720.00
  • Insurance Expense: 5415.00
  • Lot Size Area: 7002.0000 Square Feet
  • Maintenance Expense: 7893.00
  • Net Operating Income: 114805.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 54674.00
  • Other Expense: 800.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Expenses: 54674.00
  • Vacancy Allowance: 5242

Tax Info

  • New Taxes Expense: 26875.00
  • Tax Block: F
  • Tax Census Tract: 2673.00
  • Tax Lot: 9
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1035.00

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

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 Price Changed $2,150,000 -4.4% $409 / Sq Ft
10/10/2024 10/10/24 Price Changed $2,250,000 -6.1% $428 / Sq Ft
08/06/2024 08/06/24 For Sale $2,395,000 -- $455 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24162264

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90025 Sawtelle

1539 Corinth Ave, Los Angeles, CA

This home is located at 1539 Corinth Ave, Los Angeles, CA 90025 and is currently priced at $2,150,000, approximately $408 per square foot. This property was built in 1953. 1539 Corinth Ave is a home located in Los Angeles County with nearby schools including Nora Sterry Elementary School, Ralph Waldo Emerson Community Charter Middle School, and University High School Charter.

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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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Warren Berzack
Listing Agent
Warren Berzack
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Warren Lee Berzack
(818) 986-9800