NOT LISTED FOR SALE
12 Beds
6 Baths
5,044 Sq Ft
7,506 Sq Ft Lot

Last Sold February 06, 2023

Last sale price $1,615,000 $320 Per Sq Ft

55 Days on Market

Highlights

  • Wood Flooring
  • Sierra Vista Elementary School Rated 9+
  • Laundry Facilities

About This Home

As of February 2023

4434 Lowell Ave (the "Property") is a quaint six-unit apartment building set along a tree lined street in Northeast Los Angeles. The property is surrounded primarily by single family homes creating a peaceful low-density residential neighborhood environment for renters. The property is comprised entirely of spacious two-bedroom one-bath units which have been meticulously renovated by the current ownership. Some of the in-unit upgrades include hardwood floors, recessed lighting, granite or quartz countertops, new cabinets, stainless steel appliances, and shower area floor to ceiling tiles. A new owner can capitalize on approximately 25% of additional net operating income as units turn. The property is just minutes from the heart of South Pasadena one of Los Angeles's most desired rental locations and affluent neighborhoods. Renters have swift access to Highland Park, one of the region's trendiest neighborhoods with endless dining and nightlife options only a ten-minute drive away. Renters benefit from a short commute to the California Institute of Technology, Cal State LA, and nearby employment hubs of Downtown L.A. and Pasadena.

Last Agent to Sell the Property

Robert Narchi

Marcus & Millichap License #01324570 Listed on: 10/19/2022

Last Buyer's Agent

Robert Narchi

Marcus & Millichap License #01324570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,506

Parking

  • 6 Parking Spaces

Interior Spaces

  • 5,044 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Additional Features

  • 7,506 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5309-020-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5044
  • Lot Acreage: 0.1723
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 12
  • Laundry: Community
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 322.16

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 6

Utilities

  • Electric Expense: 1615.00
  • Heating: Wall
  • Water Expense: 1615.00

Fee Information

  • Gas Expense: 1613.00
  • Insurance Expense: 2500.00
  • Maintenance Expense: 4500.00
  • Management Expense: 4785.00
  • Other Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 70.77
  • Assessed Improvement Value: 313896
  • Assessed Land Percent: 29.23
  • Assessed Land Value: 129644
  • Total Assessed Value: 443540
  • Assessor Parcel Number: 5309-020-008
  • Lot Size Area: 7506

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.83
  • Number Of Units: 6
  • Total Annual Expense: 42601
  • Type Of Units: Residential
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 21250.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/06/2023 02/06/23 Sold $1,615,000 -0.6% $320 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
11/18/2022 11/18/22 Price Changed $1,625,000 -4.4% $322 / Sq Ft
10/19/2022 10/19/22 For Sale $1,700,000 -- $337 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-216841

The MLS