NOT LISTED FOR SALE

1927 Clyde Ave Los Angeles, CA 90019

Mid-City Neighborhood
8 Beds
6 Baths
3,590 Sq Ft
6,677 Sq Ft Lot

Last Sold September 10, 2015

Last sale price $1,035,000 $288 Per Sq Ft

About This Home

As of September 2015

This great 6 unit apartment is located at 1927 Clyde Avenue in Mid-City 90019, one of LA's hottest submarkets. The property has two 2 bedroom 1 bath units, and four 1 bedroom 1 bath units with 3,590 total rentable SF. At the $999,995 list price, it's: $167,000/unit; a 12.45 current GRM with current income of $6,695/mth; $80,340/yr; a 10.68 market GRM; a 5.19% current CAP, and $279/SF. The property was built in 1953, and the lot size is 6,677 SF. There are 5 off-street parking spaces in the rear of the property. There' s also a bonus room that was previously a large laundry room, but isn't being used currently. You could easily add those washer/dryers back, and made $100-$200/mth of extra income.

The property is located at the end of a quiet residential street directly south of Venice Blvd between Fairfax & Hauser Blvd in Mid-City LA (90019). The property is in close proximity to the 10 freeway, and the Culver City Arts District also. This property is priced to sell so please submit your offers today before this great investment opportunity is gone!

Last Agent to Sell the Property

Matt Dunfrund

Lyon Stahl Investment Real Estate, Inc. License #01785161 Listed on: 07/29/2015

Co-Listed By

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,677 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,590 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 22
  • Tax Tract Number 6460
  • Assessor Parcel Number 5064021023

Community Details

Building Details

  • 5 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Gross Income $6,695
  • Net Operating Income $54,340

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • CapRate: 5.19
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5064021023
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 288.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6677.00
  • Price Per Lot Square Foot: 155.01
  • Lot Size Acres: 0.1530

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 6695.00
  • Gross Multiplier: 12.45
  • Gross Scheduled Income: 80340.00
  • Lot Size Area: 6677.0000 Square Feet
  • Net Operating Income: 54340.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 26000.00
  • Rent Control: Yes
  • Total Actual Rent: 6695.00

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 6460

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
09/10/2015 09/10/15 Sold $1,035,000 +3.5% $288 / Sq Ft
07/29/2015 07/29/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $999,995 -- $279 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Matt Dunfrund

    Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • Michael Millea

    Seller Co-Listing Agent in 2015

    Michael Millea

    Lyon Stahl Investment Real Estate, Inc.

    (310) 251-2083

    40 Total Sales

    Michael Millea
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15166677

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90019 Mid-City

1927 Clyde Ave, Los Angeles, CA

This home is located at 1927 Clyde Ave, Los Angeles, CA 90019 since 29 July 2015. This property was built in 1953. 1927 Clyde Ave is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Alexander Hamilton Senior High School, and New Los Angeles Charter.

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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