NOT LISTED FOR SALE

2434 W Avenue 32 Los Angeles, CA 90065

Glassell Park Neighborhood
19 Beds
12 Baths
8,920 Sq Ft
0.88 Acres

Last Sold December 23, 2020

Last sale price $4,250,000 $476 Per Sq Ft

132 Days on Market

Highlights

  • City View
  • 0.88 Acre Lot
  • Wood Flooring
  • Eagle Rock High School Rated A
  • Hilltop Location
  • 4 Car Attached Garage

About This Home

As of December 2020

2434 W Avenue 32 is located in the rapidly growing Northeast LA neighborhood of Glassell Park and is adjacent to the new LA River Restoration project. The offering consists of (8) detached bungalow units; (3) 2+1s, (5) 1 +1s, and a 2,990 sqft SFR (8 Bed 4 Bath) perched on top of a 38,507 sqft lot. The SFR will be delivered VACANT. These units have been FULLY RENOVATED and include garages, private yards, washer/dryer in-unit, and abundant on-site surface parking. The top house has unrivaled 180 panoramic views of the LA River and Mt. Washington. Property is offered at a 5.25% CAP rate and 13.79 GRM. There is potential to add TWO ADUs to this property (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion). Marketing Package & Setup Sheet located in "DOCS" section of listing.

Last Agent to Sell the Property

Andrew Wilkey

eXp Realty of California Inc License #01998185 Listed on: 04/17/2020

eXp Realty of California Inc

Last Buyer's Agent

Nicole Kilmer

Compass License #01954162

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 94x409
  • Hilltop Location
  • Property is zoned LAR2

Parking

  • 4 Car Attached Garage
  • 6 Open Parking Spaces
  • 5 Attached Carport Spaces
  • Driveway
  • Guest Parking

Property Views

  • City
  • Bluff
  • Canyon
  • Mountain
  • Hills

Home Design

  • Bungalow

Interior Spaces

  • 8,920 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 9 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5456-009-006

Home Details

Home Type

Single Family

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 8920
  • Lot Acreage: 0.8800
  • Lot Dimensions: 94x409
  • Price Per Unit: 480556.00
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1956
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number Dishwasher: 9
  • Number Disposal: 9
  • Number Range: 9
  • Number Refrigerator: 9
  • Flooring: Hardwood
  • Bedrooms: 19
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 12.00
  • Equipment: Cable, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 487.67

Exterior Features

  • Other Structures: Other
  • Number Patio: 7
  • Paved: Yes
  • View: Bluff, Canyon, City, Hills, Mountains
  • View: Yes

Garage/Parking

  • Carport Spaces: 5
  • Garage Spaces: 4
  • Other Spaces: 6
  • Covered Parking: 9
  • Parking Garage: Attached, Carport Attached, Driveway, Garage, Parking for Guests
  • Total Parking: 15

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall
  • Number Electric Meters: 9
  • Number Gas Meters: 9
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 430230
  • Assessed Land Value: 136193
  • Assessor Parcel Number: 5456-009-006
  • Geocode Override: No
  • Lot Description: Yard
  • Lot Location: Hillside, Hilltop
  • Lot Size Area: 38507

Rental Info

  • Number Leased: 8
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 13.79
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 77077
  • Type Of Units: Bungalow
  • Vacancy Rate: 12%

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
12/23/2020 12/23/20 Sold $4,250,000 -2.3% $476 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $4,350,000 +95.5% $488 / Sq Ft
09/18/2017 09/18/17 Sold $2,225,000 -0.9% $226 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
06/06/2017 06/06/17 Price Changed $2,245,000 -6.3% $228 / Sq Ft
03/22/2017 03/22/17 For Sale $2,395,000 -- $243 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Wilkey

    Seller's Agent in 2020

    Andrew Wilkey

    eXp Realty of California Inc

    (310) 879-2509

    2 in this area

    7 Total Sales

    Section Image
  • Nicole Kilmer

    Buyer's Agent in 2020

    Nicole Kilmer

    Compass

    (877) 973-3346

    1 in this area

    60 Total Sales

    Section Image
  • Shawn Kormondy

    Seller's Agent in 2017

    Shawn Kormondy

    Keller Williams Beverly Hills

    (323) 638-7567

    2 in this area

    152 Total Sales

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-571732

The MLS

California Los Angeles County Los Angeles 90065 Glassell Park

2434 W Avenue 32, Los Angeles, CA

This home is located at 2434 W Avenue 32, Los Angeles, CA 90065 since 17 April 2020. This property was built in 1956. 2434 W Avenue 32 is a home located in Los Angeles County with nearby schools including Glassell Park Elementary, Fletcher Drive Elementary School, and Irving STEAM Magnet School.

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