Seller's Agent in 2023
Brian Maser
The Condo Experts
(310) 460-7917
9 in this area
134 Total Sales
1924 Federal Ave Los Angeles, CA 90025
Sawtelle NeighborhoodEstimated Value: $1,272,000 - $1,445,000
2
Beds
1
Bath
884
Sq Ft
$1,541/Sq Ft
Est. Value
Highlights
- City Lights View
- 2 Car Garage
- Bungalow
- No HOA
- Side by Side Parking
- 1-Story Property
About This Home
As of August 2023This unique property presents a one-of-a-kind investment opportunity in the heart of Los Angeles. Nestled in the thriving neighborhood of West LA, this LAR2 zoned lot spans 6,100 sq. ft. (41' x 149'), providing ample space for development. Currently hosting an 884+ sq. ft. cozy 2-bedroom, 1-bath house with private garage, and the property already generates a steady income of $3,200/month from a long-term, month-to-month tenant. This tenant, a single individual, has been living in the house for many years, offering a reliable source of income as you plan your next steps. Unleash the Potential: The LAR2 zoning opens up a world of possibilities. Construct a multi-unit residential building or two separate single-family homes - it's your canvas to paint your real estate masterpiece. This is a perfect opportunity for builders and developers seeking to invest in LA's booming property market and build mulit units, or for homeowners looking to create their dream home and perhaps a secondary rental unit.Location, Location, Location: The property is situated in an extremely desirable area, conveniently close to shops, restaurants, and schools. Just blocks to hip Sawtelle's Japan Town restaurants and cafe's. / This bustling locale offers the vibrancy of city living combined with the charm of a neighborhood community. Don't miss out on this opportunity to secure a property with limitless potential in one of LA's most sought-after neighborhoods. Whether you're an investor, developer, or future homeowner, this property is set to provide a significant return on investment.1924 Federal Avenue is not just a property; it's an opportunity. Turn it into your success story. Contact us today to learn more about this exceptional property and to arrange a viewing. This opportunity won't last long, so act now to secure your piece of LA's future. Invest in the future, invest in 1924 Federal Avenue. Please do not disturb tenant. In unit with accepted offer only, but can coordinate times to walk lot. Tenant will NOT comply with Tenant Income Certification for the SB8 Exemption.
Last Agent to Sell the Property
The Condo Experts License #01340306 Listed on: 05/18/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,666
Year Built
- Built in 1941
Lot Details
- 6,097 Sq Ft Lot
- Lot Dimensions are 41x149
- Value in Land
- Property is zoned LAR2
Parking
- 2 Car Garage
- 4 Open Parking Spaces
- Side by Side Parking
Property Views
- City Lights
- Woods
- Mountain
Home Design
- Bungalow
- Fixer Upper
Interior Spaces
- 884 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 4261-026-008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2023
Closed on
Jul 27, 2023
Sold by
Gregory Sue And Julie Ito Trust
Bought by
Sk Living Trust and Koma
Seller's Agent
Brian Maser
The Condo Experts
Buyer's Agent
Brian Maser
The Condo Experts
List Price
$1,399,000
Sold Price
$1,200,000
Premium/Discount to List
-$199,000
-14.22%
Views
67
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,183
Avg. Annual Appreciation
6.19%
Original Mortgage
$960,000
Outstanding Balance
$937,184
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$424,999
Purchase Details
Closed on
Dec 29, 2022
Sold by
Ito Stanley
Bought by
Gregory Sue And Julie Ito Trust
Purchase Details
Closed on
Oct 28, 2016
Sold by
Ito Julie
Bought by
Sue Gregory Y and Ito Julie Kiyomi
Purchase Details
Closed on
Sep 1, 2010
Sold by
Sue Julie Ito and Victor N Ito Trust
Bought by
Ito Julie and Hollander Susan Ito
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sk Living Trust | $1,200,000 | Fidelity National Title | |
| Gregory Sue And Julie Ito Trust | -- | -- | |
| Sue Gregory Y | -- | None Available | |
| Ito Julie | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sk Living Trust | $960,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2023 08/18/23 | Sold | $1,200,000 | -14.2% | $1,357 / Sq Ft |
| 06/05/2023 06/05/23 | Pending | -- | -- | -- |
| 05/18/2023 05/18/23 | For Sale | $1,399,000 | -- | $1,583 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $14,666 | $1,224,000 | $979,200 | $244,800 |
| 2024 | $14,666 | $1,200,000 | $960,000 | $240,000 |
| 2023 | $7,700 | $619,153 | $519,781 | $99,372 |
| 2022 | $2,734 | $211,145 | $164,909 | $46,236 |
| 2021 | $2,696 | $207,006 | $161,676 | $45,330 |
| 2019 | $2,621 | $200,869 | $156,882 | $43,987 |
| 2018 | $2,489 | $196,931 | $153,806 | $43,125 |
| 2016 | $2,376 | $189,286 | $147,835 | $41,451 |
| 2015 | $2,343 | $186,444 | $145,615 | $40,829 |
| 2014 | $2,362 | $182,793 | $142,763 | $40,030 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Maser
Map
Source: The MLS
MLS Number: 23-269633
APN: 4261-026-008
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.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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