$1,560,000
SOLD MAR 25, 2025 RENTED MAY 15, 2025
8 Beds
7 Baths
3,239 Sq Ft
7,002 Sq Ft Lot

Recently Sold

$482 Per Sq Ft

11% Below List Price

110 Days on Market

Highlights

  • Newly Remodeled
  • Neighborhood Views
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2025

Welcome to 1642 5th Ave—a masterful blend of historic charm and modern luxury in an inviting Los Angeles neighborhood. This thoughtfully renovated single-family home offers 3 bedrooms, 2 bathrooms, and a cozy living room centered around a welcoming fireplace. At the rear, discover two additional, beautifully crafted units: a spacious 3-bed, 3-bath residence and a 2-bed, 2-bath ADU, each designed with attention to modern detail.

This property is perfect for flexible living arrangements, whether you’re seeking a primary residence with rental income potential or a multi-generational setup that offers privacy and style. Set in a vibrant area, enjoy easy access to local dining, entertainment, cultural spots, and major transit options. Nearby parks, schools, and shopping centers further enhance the neighborhood's appeal.

Embrace the chance to own a residence that seamlessly combines history and contemporary convenience in one captivating home.

Last Agent to Sell the Property

Marianna Estrella De Castr

Alta Mira Realty, Inc. Brokerage Phone: 949-402-7025 License #02215567 Listed on: 11/05/2024

Last Buyer's Agent

Marianna Estrella De Castr

Alta Mira Realty, Inc. Brokerage Phone: 949-402-7025 License #02215567 Listed on: 11/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,228

Year Built

  • Built in 1921 | Newly Remodeled

Lot Details

  • 7,002 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,239 Sq Ft Home
  • 1-Story Property
  • Entryway
  • Neighborhood Views

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms | 1 Main Level Bedroom
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Off-Street Parking

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 218
  • Assessor Parcel Number 5072023016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,228

Year Built

Built in 1921 | Newly Remodeled

Lot Details

0

Listing Details

  • Structure Type: Triplex
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 5072023016
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3239.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Total Bedrooms: 8
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 481.63
  • Room Type: Entry

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Paved, Off Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7002.00
  • Lot Size Acres: 0.1607

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 7002.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 218...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2022
Sold by
Obsidian Development Llc
Bought by
5Thventure Llc
Current Estimated Value
$1,530,307

Purchase Details

Closed on
Mar 16, 2022
Sold by
Obsidian Development Llc
Bought by
Obsidian Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,168,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2019
Closed on
May 16, 2019
Sold by
Rlt Collins Sr Rommel and Rlt Elizabeth V Collins
Bought by
Obsidian Development Llc
Seller's Agent
Elliott Peaks
Balboa Real Estate, Inc.
Buyer's Agent
Elliott Peaks
Balboa Real Estate, Inc.
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.83%
Original Mortgage
$560,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 17, 2015
Sold by
Collins Elizabeth V
Bought by
Collins Elizabeth and Elizabeth V Collins Revocable Living Tru

Purchase Details

Closed on
Nov 15, 1993
Sold by
Collins Elizabeth V
Bought by
Collins Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.91%
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Grant Deed -- Provident Title
Grant Deed $705,000 Orange Coast Title Co
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,168,500 New Conventional
Previous Owner $560,000 Construction
Previous Owner $127,451 New Conventional
Previous Owner $195,000 Credit Line Revolving
Previous Owner $145,000 Unknown
Previous Owner $112,000 Unknown
Previous Owner $111,400 Unknown
Previous Owner $25,000 Credit Line Revolving
Previous Owner $85,500 Unknown
Previous Owner $33,000 Stand Alone Second
Previous Owner $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Rented $4,400 0.0% --
03/25/2025 03/25/25 Sold $1,560,000 0.0% $482 / Sq Ft
03/11/2025 03/11/25 Price Changed $4,400 0.0% $3 / Sq Ft
02/23/2025 02/23/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $1,595,000 0.0% $492 / Sq Ft
02/04/2025 02/04/25 For Rent $4,500 0.0% --
01/28/2025 01/28/25 Price Changed $1,649,999 0.0% $509 / Sq Ft
01/27/2025 01/27/25 Off Market $4,500 -- --
12/12/2024 12/12/24 For Rent $4,500 0.0% --
12/02/2024 12/02/24 Price Changed $1,699,900 -2.8% $525 / Sq Ft
11/05/2024 11/05/24 For Sale $1,749,000 +148.1% $540 / Sq Ft
07/09/2019 07/09/19 Sold $705,000 +0.9% $537 / Sq Ft
06/29/2019 06/29/19 Price Changed $699,000 0.0% $532 / Sq Ft
06/29/2019 06/29/19 For Sale $699,000 -8.6% $532 / Sq Ft
05/11/2019 05/11/19 Pending -- -- --
04/11/2019 04/11/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $765,000 -- $582 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $25,228 $2,112,636 $1,040,400 $1,072,236
2024 $25,228 $2,071,212 $1,020,000 $1,051,212
2023 $13,653 $1,106,378 $592,863 $513,515
2022 $8,854 $726,548 $581,239 $145,309
2021 $8,744 $712,303 $569,843 $142,460
2019 $7,634 $42,578 $25,247 $17,331
2018 $635 $41,744 $24,752 $16,992
2016 $595 $40,125 $23,792 $16,333
2015 $587 $39,523 $23,435 $16,088
2014 $601 $38,749 $22,976 $15,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24228176

California Regional Multiple Listing Service (CRMLS)

APN: 5072-023-016