NOT LISTED FOR SALE

2241 Clyde Ave Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,883,056 - $3,716,000

4 Beds
3 Baths
2,864 Sq Ft
$977/Sq Ft Est. Value

Last Sold January 10, 2019

Last sale price $1,735,000 $606 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $17,287/month

2 Days on Market

About This Home

As of January 2019

3 PROPERTIES ON A 16,985 SQUARE FEET LOT !!!!!! VALUE IS IN THE LAND ! ..........This property is currently is fully occupied with long term tenants all paying undervalue rent BUT it features a huge lot which has a lot of potential for new development!! .....Priced UNDERVALUE so it will Go quick ! Don't miss out on this great opportunity !

Last Agent to Sell the Property

Bryiana Davis

Nationwide Real Estate Execs License #01997245 Listed on: 10/10/2018

Nationwide Real Estate Execs

Last Buyer's Agent

Bryiana Davis

Nationwide Real Estate Execs License #01997245 Listed on: 10/10/2018

Nationwide Real Estate Execs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,451

Year Built

  • Built in 1929

Lot Details

  • 0.39 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 2,864 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Shared Well

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 6460
  • Assessor Parcel Number 5064023007

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $850
  • Trash Expense $600
  • New Taxes Expense $7,200
  • Operating Expense $8,850
  • Gross Income $51,000
  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,451

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 4242139181
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5064023007
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 605.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Shared Well

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 16985.00
  • Lot Size Acres: 0.3899

Multi Family

  • Average1 Bed Area: 888 Square Feet
  • Average2 Bed Area: 778 Square Feet
  • Average3 Bed Area: 1198 Square Feet
  • Gross Income: 51000.00
  • Gross Scheduled Income: 69300.00
  • Insurance Expense: 850.00
  • Lot Size Area: 16985.0000 Square Feet
  • Net Operating Income: 48000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14500.00
  • Rent Control: Yes
  • Total Expenses: 8850.00

Tax Info

  • New Taxes Expense: 7200.00
  • Tax Census Tract: 2703.00
  • Tax Lot: 22
  • Tax Tract Number: 6460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
2241 Clyde Llc
Bought by
Clyde Partners Llc
Current Estimated Value
$2,799,528

Purchase Details

Listed on
Oct 10, 2018
Closed on
Dec 19, 2018
Sold by
Lenzy Melvin and Lenzy Revocable Trust
Bought by
2241 Clyde Llc
Seller's Agent
Bryiana Davis
Nationwide Real Estate Execs
Buyer's Agent
Bryiana Davis
Nationwide Real Estate Execs
List Price
$110,000
Sold Price
$1,735,000
Premium/Discount to List
$1,625,000
1477.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Feb 6, 2010
Sold by
Lenzy Melvin
Bought by
Lenzy Melvin and Melvin Lenzy Revocable Trust

Purchase Details

Closed on
Aug 31, 1994
Sold by
Lenzy Deceased Lorine
Bought by
Lenzy Melvin
Source: Public Records

Range of Values:

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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
Clyde Partners Llc $1,750,000 Chicago Title Company
2241 Clyde Llc $1,735,000 Chicago Title Company
Lenzy Melvin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lenzy Melvin $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2019 01/10/19 Sold $1,735,000 +57.7% $606 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
10/11/2018 10/11/18 Price Changed $1,100,000 +900.0% $384 / Sq Ft
10/10/2018 10/10/18 For Sale $110,000 -- $38 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,451 $2,382,516 $2,382,516 --
2024 $28,451 $2,335,800 $2,335,800 --
2023 $27,899 $2,290,000 $2,290,000 $0
2022 $21,690 $1,823,794 $1,823,794 $0
2021 $21,852 $1,788,033 $1,236,680 $551,353
2020 $22,074 $1,769,700 $1,224,000 $545,700
2019 $19,903 $70,930 $43,928 $27,002
2018 $1,406 $69,540 $43,067 $26,473
2016 $1,329 $66,842 $41,396 $25,446
2015 $1,317 $65,839 $40,775 $25,064
2014 $1,349 $64,551 $39,977 $24,574
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bryiana Davis

    Nationwide Real Estate Execs

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18247403

California Regional Multiple Listing Service (CRMLS)

APN: 5064-023-007

California Los Angeles County Los Angeles 90016 Mid-City

2241 Clyde Ave, Los Angeles, CA

This home is located at 2241 Clyde Ave, Los Angeles, CA 90016 since 10 October 2018 and is currently estimated at $2,799,528, approximately $977 per square foot. This property was built in 1929. 2241 Clyde Ave is a home located in Los Angeles County with nearby schools including Marvin Avenue Elementary School, Daniel Webster Middle School, and Alexander Hamilton 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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