NOT LISTED FOR SALE
10 Beds
11 Baths
6,342 Sq Ft
7,377 Sq Ft Lot

Last Sold May 14, 2022

Last sale price $3,779,520 $596 Per Sq Ft

15 Days on Market

Highlights

  • Attached Carport
  • Ceiling Fan
  • Laundry Facilities

About This Home

As of May 2022

Selling price reflects Buyer paying all broker commissions. First time on the market in over 40 years! A Value-Add Investor's Dream - 1839 Corinth Ave is a rare 10 unit, investment opportunity ideally located in one of the most desirable westside locations, one block from the popular Sawtelle Japantown strip. Boasting an outstanding WalkScore of 93, this provides residents an abundance of walking distance amenities, countless dining options, entertainment venues, & shopping. Additionally, the location is central to major employment hub offering high-paying jobs, not to mention some of California's best beaches.1839 Corinth Ave is the quintessential diamond in the rough, with the current owner having completed significant capital improvements such as newer roof, copper plumbing, and earthquake seismic retrofit which allows for a buyer to concentrate on renovations that can purely move the needle rent wise. Building also features a secured gated entry with on-site parking and laundry facilities. The 6,342 of living space offers a unit mix of 8 one bedroom units, 1 two bedroom and 1 bachelor. This asset allows the blank slate and flexibility to renovate the 6 vacant units and beautify the building facade for the ability to achieve some of the strongest rents in Los Angeles. The perfect investment for active investor, looking for strong, risk-mitigated returns and long-term appreciation.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 04/19/2022

Co-Listed By

Don Favia

Realty Investment Advisors, Inc. License #01841258

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 04/19/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,377 Sq Ft Lot

Interior Spaces

  • 6,342 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 11 Bathrooms

Parking

  • 12 Parking Spaces
  • Attached Carport
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 10 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 4261-022-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6342
  • Lot Acreage: 0.1694
  • Price Per Unit: 375000.00
  • Probate: No
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas
  • Bedrooms: 10
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 11.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 591.30

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Carport Attached, Covered Parking, Uncovered, Parking Space, Carport
  • Total Parking: 12

Utilities

  • Water Heater: Gas
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 61.09
  • Assessed Improvement Value: 565181
  • Assessed Land Percent: 38.91
  • Assessed Land Value: 360015
  • Total Assessed Value: 925196
  • Assessor Parcel Number: 4261-022-008
  • Lot Size Area: 7377

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.59
  • Number Of Units: 10
  • Total Annual Expense: 70333
  • Type Of Units: Apartment
  • Vacancy Rate: 60%

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
05/14/2022 05/14/22 Sold $3,779,520 +0.8% $596 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $3,750,000 -- $591 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-145399

The MLS