NOT LISTED FOR SALE

5423 2nd Ave Los Angeles, CA 90043

Hyde Park Neighborhood

Estimated Value: $973,000 - $1,069,196

5 Beds
5 Baths
2,534 Sq Ft
$403/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $725,000 $286 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,426/month

84 Days on Market

About This Home

As of May 2018

We are excited to present this excellent investment opportunity in the Park Mesa Heights area of Los Angeles. This complex consists of three buildings with all one bedroom - one bathroom units. The property is located just south of the Baldwins Hills Shopping Center which is undergoing a massive renovation and north of the $3 Billion Ram Stadium redevelopment project in Inglewood. The property is currently producing $4,581 per month with approximately 30% upside potential in the rents. It is located directly across the street from Van Ness park and is in close proximity to public transportation. The GRM is 13.1 with a CAP rate of 5.17. Please do not disturb or speak to tenants and please do not walk onto the property. All offers to be made subject to inspection.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 12/15/2017

Last Buyer's Agent

Don Parish

AIE Realty Inc License #01741649

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,479

Year Built

  • Built in 1923

Lot Details

  • 4,921

Interior Spaces

  • 2,534 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • 4,921 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5005-002-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,479

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2534
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 286.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 111218
  • Assessed Land Value: 133463
  • Assessor Parcel Number: 5005-002-030
  • Geocode Override: No
  • Lot Size Area: 4921

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.19
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 17462
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2025
Sold by
Chavez Phyllis J
Bought by
Legaux Kenneth J
Current Estimated Value
$1,021,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,900
Outstanding Balance
$323,900
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$703,292

Purchase Details

Closed on
Aug 6, 2019
Sold by
Legaux Kenneth J and Chavez Phyllis J
Bought by
Legaux Kenneth J and Chavez Phyllis J

Purchase Details

Listed on
Dec 15, 2017
Closed on
Mar 28, 2018
Sold by
2Nd Avenue Property Llc
Bought by
Chavez Phyllis J and Phyllis J Chavez Living Trust
Seller's Agent
Jerome McAlpin
McAlpin & Company
Buyer's Agent
Don Parish
AIE Realty Inc
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
Original Mortgage
$350,000
Interest Rate
4.45%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 1, 2009
Sold by
Prince Vina and Mc Clenon Rosalyn
Bought by
2Nd Avenue Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.91%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2004
Sold by
Mcclenon Mildred M
Bought by
Pr Mcclenon Mildred M and Pr Mildred M Mcclenon Separate
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Legaux Kenneth J -- Chicago Title Company
Legaux Kenneth J -- None Available
Chavez Phyllis J $725,000 First American Title Company
2Nd Avenue Property Llc $220,000 First American Title Company
Pr Mcclenon Mildred M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legaux Kenneth J $323,900
Previous Owner Chavez Phyllis J $350,000
Previous Owner 2Nd Avenue Property Llc $173,925
Previous Owner 2Nd Avenue Property Llc $110,000
Previous Owner 2Nd Avenue Property Llc $100,000
Previous Owner Mcclenon Mildred M $87,000
Previous Owner Mcclenon Roosevelt $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2018 05/04/18 Sold $725,000 0.0% $286 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $725,000 -- $286 / Sq Ft
Source: The MLS

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 $10,479 $824,923 $580,292 $244,631
2024 $10,479 $808,749 $568,914 $239,835
2023 $10,290 $792,892 $557,759 $235,133
2022 $9,838 $777,346 $546,823 $230,523
2021 $9,713 $762,104 $536,101 $226,003
2020 $9,817 $754,290 $530,604 $223,686
2019 $9,448 $739,500 $520,200 $219,300
2018 $3,691 $249,574 $136,132 $113,442
2016 $3,482 $239,885 $130,847 $109,038
2015 $3,439 $236,283 $128,882 $107,401
2014 $3,484 $231,656 $126,358 $105,298
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2018

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    3 in this area

    43 Total Sales

    Jerome McAlpin
    Section Image

  • D

    Buyer's Agent in 2018

    Don Parish

    AIE Realty Inc

See All Agents

Map

Source: The MLS

MLS Number: 17-296712

The MLS

APN: 5005-002-030

California Los Angeles County Los Angeles 90043 Hyde Park

5423 2nd Ave, Los Angeles, CA

This home is located at 5423 2nd Ave, Los Angeles, CA 90043 since 15 December 2017 and is currently estimated at $1,021,098, approximately $402 per square foot. This property was built in 1923. 5423 2nd Ave is a home located in Los Angeles County with nearby schools including Angeles Mesa Elementary School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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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.
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