NOT LISTED FOR SALE

1710 S La Brea Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,154,000 - $1,723,000

4 Beds
4 Baths
2,488 Sq Ft
$550/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $1,200,000 $482 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,561/month

46 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Closed Circuit Camera
  • Wall Furnace
  • Laundry Room
  • 4 Car Garage

About This Home

As of May 2021

Covered Land Play ~ Dev SiteFile your plans the day you close! Develop 8 units by right or 15 units using the TOC. Collect rent and offset your carrying costs at this cash flowing 4 Unit until you're RTI. All apartments are one bedroom, one bathroom units approximately 622 square feet each. The property is currently leased up with two newly renovated market rate apartments and two value add apartments with potential upside. Additionally, there are plans already submitted by the seller to convert the detached 4-car garage into an ADU (5th unit) to maximize your ROI. Centrally-located, this Mid City neighborhood has become the go to for tenants who are priced out of the surrounding neighborhoods ie. Miracle Mile to the north, and Culver City to the west. Take advantage of the upward trajectory and low hurdle to entry before this area becomes the investment opportunity that got away!

Last Agent to Sell the Property

Jesse Ramos

COMPASS License #01930503 Listed on: 02/18/2021

COMPASS

Co-Listed By

Adam Sikorski

COMPASS License #02080987

Last Buyer's Agent

Gerardo Martin

Maestro Real Estate License #02007095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,014

Year Built

  • Built in 1941 | Remodeled

Lot Details

  • 6,523 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Quadruplex
  • Cosmetic Repairs Needed
  • Shingle Roof

Interior Spaces

  • 2,488 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Closed Circuit Camera
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

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

Community Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,237
  • Water Sewer Expense $3,556
  • New Taxes Expense $9,575
  • Operating Expense $19,468
  • Gross Income $69,600
  • Net Operating Income $50,132

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 218
  • Assessor Parcel Number 5067004025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,014

Year Built

Built in 1941 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.22
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Closed Circuit Camera(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 3556.00
  • Zoning: LAR3
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5067004025
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 482.32

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6523.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 69600.00
  • Gross Multiplier: 17.06
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 4237.00
  • Lot Size Area: 6523.0000 Square Feet
  • Net Operating Income: 50132.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 19468.00
  • Rent Control: Yes
  • Total Expenses: 19468.00

Tax Info

  • New Taxes Expense: 9575.00
  • Tax Lot: 25
  • Tax Tract Number: 218...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
White Angel and The Angel White Living Trust
Bought by
1710 South La Brea Llc
Current Estimated Value
$1,368,282

Purchase Details

Listed on
Feb 4, 2019
Closed on
May 31, 2019
Sold by
White Angel
Bought by
White Angel and The Angel White Living Trust
Seller's Agent
Anngel Benoun
Engel & Völkers Encino
List Price
$794,900
Sold Price
$766,000
Premium/Discount to List
-$28,900
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%
Original Mortgage
$536,200
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 4, 2019
Closed on
May 6, 2019
Sold by
Alvardo Marisol and The Estate Of Bernabe Rodrugie
Bought by
White Angel
Seller's Agent
Anngel Benoun
Engel & Völkers Encino
List Price
$794,900
Sold Price
$766,000
Premium/Discount to List
-$28,900
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,200
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 24, 1993
Sold by
Espinoza Eluteria
Bought by
Barajas Bernabe R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
1710 South La Brea Llc -- None Available
White Angel -- Stewart Title Of California
White Angel $766,000 Stewart Title Of California
Barajas Bernabe R $230,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Angel $536,200
Previous Owner Barajas Bernabe R $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2021 05/11/21 Sold $1,200,000 +1.0% $482 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $1,188,000 +55.1% $477 / Sq Ft
06/11/2019 06/11/19 Sold $766,000 -3.6% $308 / Sq Ft View Prior Sale
03/12/2019 03/12/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $794,900 -- $319 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $16,014 $1,298,917 $1,082,432 $216,485
2024 $15,856 $1,273,449 $1,061,208 $212,241
2023 $15,556 $1,248,480 $1,040,400 $208,080
2022 $14,846 $1,224,000 $1,020,000 $204,000
2021 $9,761 $783,029 $530,439 $252,590
2020 $9,932 $781,320 $714,000 $67,320
2019 $6,635 $517,703 $364,140 $153,563
2018 $4,450 $343,551 $164,306 $179,245
2016 $4,240 $330,213 $157,927 $172,286
2015 $4,181 $325,254 $155,555 $169,699
2014 $4,221 $318,883 $152,508 $166,375
Source: Public Records

Agents Affiliated with this Home

  • Jesse Ramos

    Seller's Agent in 2021

    Jesse Ramos

    COMPASS

    (626) 840-0706

    1 in this area

    33 Total Sales

    Jesse Ramos
    Section Image
  • Adam Sikorski

    Seller Co-Listing Agent in 2021

    Adam Sikorski

    COMPASS

    (718) 288-2385

    1 in this area

    37 Total Sales

    Adam Sikorski
    Section Image

  • G

    Buyer's Agent in 2021

    Gerardo Martin

    Maestro Real Estate

    Section Image
  • Anngel Benoun

    Seller's Agent in 2019

    Anngel Benoun

    Engel & Völkers Encino

    (818) 728-2396

    77 Total Sales

    Anngel Benoun
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-3391

Pasadena-Foothills Association of REALTORS®

APN: 5067-004-025

California Los Angeles County Los Angeles 90019 Mid-City

1710 S La Brea Ave, Los Angeles, CA

Not Listed for Sale

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