NOT LISTED FOR SALE

4238 S Grand Ave Los Angeles, CA 90037

Historic South Central Neighborhood
5 Beds
3 Baths
5,082 Sq Ft
6,761 Sq Ft Lot

Last Sold May 16, 2019

Last sale price $1,450,000 $285 Per Sq Ft

9 Days on Market

About This Home

As of May 2019

Completely renovated 6 unit apartment building centrally located near USC. The mix of five 2-beds and one 1- bed completely remodeled with new flooring, appliances, ceiling fans, and paint. The exterior of the building has fresh paint & stucco. Onsite laundry facility with coin operated washer and dryer. All units are at current market rate bringing in a 7.35% CAP RATE with a 4% increase per year starting June 2019.

Last Agent to Sell the Property

Francesca Mauro

T.N.G. Real Estate Consultants License #01985117 Listed on: 03/19/2019

T.N.G. Real Estate Consultants

Last Buyer's Agent

Michael Hananel

Strategic Growth Real Estate License #01412068

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,761 Sq Ft Lot
  • No Common Walls
  • Front Yard

Interior Spaces

  • 5,082 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 5111008015

Community Details

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,222
  • Trash Expense $2,760
  • Water Sewer Expense $6,007
  • New Taxes Expense $17,880
  • Operating Expense $28,869
  • Gross Income $112,323
  • Net Operating Income $109,923

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 7.35
  • Property Attached: No
  • Water Sewer Expenses: 6007.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5111008015
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 285.32

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2760.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6761.00
  • Lot Size Acres: 0.1552

Multi Family

  • Gross Income: 112323.00
  • Gross Scheduled Income: 138792.00
  • Insurance Expense: 2222.00
  • Laundry Income: 2400.00
  • Lot Size Area: 6761.0000 Square Feet
  • Net Operating Income: 109923.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28869.00
  • Rent Control: Yes
  • Total Expenses: 28869.00

Tax Info

  • New Taxes Expense: 17880.00
  • Tax Census Tract: 2318.00
  • Tax Lot: 17

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
05/16/2019 05/16/19 Sold $1,450,000 -3.0% $285 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $1,495,000 +57.4% $294 / Sq Ft
11/08/2018 11/08/18 Sold $950,000 -20.8% $187 / Sq Ft
08/29/2018 08/29/18 For Sale $1,200,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Francesca Mauro

    Seller's Agent in 2019

    Francesca Mauro

    T.N.G. Real Estate Consultants

    (562) 902-5100

    65 Total Sales

    Francesca Mauro
    Section Image
  • Michael Hananel

    Buyer's Agent in 2019

    Michael Hananel

    Strategic Growth Real Estate

    (213) 507-8512

    1 in this area

    3 Total Sales

    Michael Hananel
    Section Image

  • M

    Seller's Agent in 2018

    Matthew Chen

    Purpose Realty

    (714) 476-5110

    15 Total Sales

    Matthew Chen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19061446

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90037 Historic South Central

4238 S Grand Ave, Los Angeles, CA

This home is located at 4238 S Grand Ave, Los Angeles, CA 90037 since 19 March 2019. This property was built in 1962. 4238 S Grand Ave is a home located in Los Angeles County with nearby schools including West Vernon Avenue Elementary School, William Jefferson Clinton Middle School, and Thomas Jefferson Senior High School.

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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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