NOT LISTED FOR SALE

347 S Avenue 19 Los Angeles, CA 90031

Lincoln Heights Neighborhood
11 Beds
6 Baths
3,944 Sq Ft
8,317 Sq Ft Lot

Last Sold December 26, 2023

Last sale price $1,050,000 $266 Per Sq Ft

89 Days on Market

About This Home

As of December 2023

We are pleased to introduce 347 South Avenue 19, a 5-unit apartment complex situated in the heart of Lincoln Heights. Coming to market for the first time in 45-years, this property offers investors a golden chance to realize substantial rental growth as units become available. Built in 1972, the property features (1) 3-Bedroom/2-Bathroom Single Family Residence, accompanied by (4) 2-Bedroom/1 Bathroom units. Spanning 3,944 square feet of living space, the property is situated on an 8,317 square foot lot which provides the potential to add ADUs (Buyer to verify). All units are individually metered for gas and electricity, and the property provides tenants with 5 covered parking spots. Located north of N. Main Street and west of the 5 freeway, this property boasts a commendable walk score of 84. Nearby, you'll find local supermarkets, emerging restaurants, and the renowned Chavez Ravine, home of Dodger stadium. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and many more neighborhoods are merely a brief drive away. Plus, with seamless access to both the 110 and 5 freeways, navigating the Greater Los Angeles becomes a breeze.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 09/06/2023

Last Buyer's Agent

Victor Garcia

REALTY WORLD 5 STAR BROKERS License #01411776

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 8,317 Sq Ft Lot

Interior Spaces

  • 3,944 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5447-030-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3944
  • Lot Acreage: 0.1909
  • Stories: 2
  • Year Built: 1972
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 6.00
  • Equipment: Gas Dryer Hookup, Refrigerator, Range/Oven
  • Price Per S Q F T: 266.23

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Covered Parking
  • Total Parking: 5

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 83.76
  • Assessed Improvement Value: 148761
  • Assessed Land Percent: 16.24
  • Assessed Land Value: 28834
  • Total Assessed Value: 177595
  • Assessor Parcel Number: 5447-030-005
  • Lot Size Area: 8317

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.63
  • Number Of Units: 5
  • Total Annual Expense: 30311
  • Type Of Units: Standard
  • Vacancy Rate: 2255

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

Property History

Date Event Price Change Sq Ft Price
12/26/2023 12/26/23 Sold $1,050,000 -4.5% $266 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
10/06/2023 10/06/23 Price Changed $1,100,000 -8.3% $279 / Sq Ft
09/06/2023 09/06/23 For Sale $1,200,000 -- $304 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sevak Keshishian

    Seller's Agent in 2023

    Sevak Keshishian

    Marcus & Millichap

    (818) 212-2700

    2 in this area

    57 Total Sales

    Sevak Keshishian
    Section Image
  • Victor Garcia

    Buyer's Agent in 2023

    Victor Garcia

    REALTY WORLD 5 STAR BROKERS

    (323) 725-4968

    1 in this area

    38 Total Sales

    Victor Garcia
    Section Image
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Map

Source: The MLS

MLS Number: 23-308211

The MLS
California Los Angeles County Los Angeles 90031 Lincoln Heights

347 S Avenue 19, Los Angeles, CA

This home is located at 347 S Avenue 19, Los Angeles, CA 90031 since 06 September 2023. This property was built in 1972. 347 S Avenue 19 is a home located in Los Angeles County with nearby schools including Albion Street Elementary School, Florence Nightingale Middle, and Abraham Lincoln High School.

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The MLS © 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.
Information is deemed reliable but not guaranteed.

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