NOT LISTED FOR SALE

1820 S La Brea Ave Los Angeles, CA 90019

Mid-City Neighborhood
-- Bed
10 Baths
6,261 Sq Ft
5,799 Sq Ft Lot

Last Sold March 12, 2019

Last sale price $1,750,000 $280 Per Sq Ft

143 Days on Market

About This Home

As of March 2019

JUST REDUCED $200,000!! 1820 South La Brea is a 15 Unit Investment Opportunity in Los Angeles, perfect for both seasoned and new apartment investors alike! This 6200 square foot asset has a remarkable 35% upside in potential rent and is located near the trending Lafayette Square/Mid City area, which is currently undergoing dramatic changes. The building is master metered for utilities and has well laid out, cozy units with kitchenettes - several have full kitchens. The Unit Mix consists of 5 Studio units and 10 Bachelor units, with 10 compact parking spots available for tenants. Property is located within the newly formed Opportunity Zones! See remarks for more info.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 06/25/2018

Keller Williams South Bay

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,799 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 10 Bathrooms
  • 6,261 Sq Ft Home
  • 3-Story Property

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 5870
  • Assessor Parcel Number 5067013025

Community Details

Overview

  • 15 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Other Expense $73,994
  • Operating Expense $73,994
  • Gross Income $166,110
  • Net Operating Income $87,963

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.63
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5067013025
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 279.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit, Paved, Walkstreet
  • Lot Size Sq Ft: 5799.00
  • Lot Size Acres: 0.1331

Multi Family

  • Gross Income: 166110.00
  • Gross Multiplier: 11.44
  • Gross Scheduled Income: 166110.00
  • Lot Size Area: 5799.0000 Square Feet
  • Net Operating Income: 87963.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 73994.00
  • Other Expense: 73994.00
  • Other Expense Description: Contact
  • Other Income Description: Contact for more inc/exp info
  • Rent Control: Yes
  • Total Expenses: 73994.00

Tax Info

  • Tax Census Tract: 2183.00
  • Tax Lot: 30
  • Tax Tract Number: 5870

Range of Values:

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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
03/12/2019 03/12/19 Sold $1,750,000 -7.9% $280 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
11/02/2018 11/02/18 Price Changed $1,900,000 -9.5% $303 / Sq Ft
10/03/2018 10/03/18 Price Changed $2,100,000 -12.5% $335 / Sq Ft
08/13/2018 08/13/18 Price Changed $2,400,000 -5.9% $383 / Sq Ft
06/25/2018 06/25/18 For Sale $2,550,000 +218.8% $407 / Sq Ft
12/31/2013 12/31/13 Sold $800,000 -28.9% $128 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
10/25/2013 10/25/13 For Sale $1,125,000 -- $180 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joshua Cohen

    Keller Williams South Bay

    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,777 Total Sales

    Section Image

  • O

    Seller's Agent in 2013

    Oscar Rodas

    Equity Center Real Estate

    (805) 495-5858

    46 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18151575

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90019 Mid-City

1820 S La Brea Ave, Los Angeles, CA

This home is located at 1820 S La Brea Ave, Los Angeles, CA 90019 since 25 June 2018. This property was built in 1963. 1820 S La Brea Ave is a home located in Los Angeles County with nearby schools including Alta Loma Elementary, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior 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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