1004 N Hicks Ave, Los Angeles, CA 90063
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1004 N Hicks Ave Los Angeles, CA 90063

$1,150,000
  • 20 Beds
  • 10 Baths
  • 5,168 Sq.Ft.
For Sale
$1,150,000 Get Pre-Qualified

Map preview of 1004 N Hicks Ave, Los Angeles, CA 90063

Property Overview: 1004 N Hicks Ave Los Angeles, CA has 20 bedrooms, 10 bathrooms, 5,168 living square feet and 7,249 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Reduced!!! Motivated Seller!!! Quadroplex located in an upcoming area of East Los Angeles, close to shopping, schools and public transportation, newer windows, large lot with endless possibilities for the savvy buyer or investor. don't let the opportunity to own residential income property in Los Angeles at a great price point, maintenance has not been deferred and the property has been in the same family for over thirty years. Come with all offers and lets get this into escrow ASAP! You will be glad you did. This property is located in an unincorporated area and is not part of LAcity rent control. Property is being sold with tenants, the rents are moderate and the tenants are reliable with all rents current. Property is being offered AS-IS.

Listed by Ricky Washington | BRE #01929060 | ReMax Estate Properties
Last checked: 15 minutes ago | Last updated: March 24th, 2024 | Source CRMLS | DOM: 280
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Home details

Lot Sq. Ft
7,249
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
DW23122567
City
Los Angeles
County
Los Angeles
Time on Site
316 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,556
  • Total Rent: $1,556
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,480
  • Total Rent: $1,480
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,480
  • Total Rent: $1,480
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $75,792
  • Net Operating Income: $52,917
  • Gross Operating Income: $76,800
  • Vacancy Allowance: $0
  • Gross Spendable Income: $76,800
Annual Expense Breakdown
  • Total Operating Expense: $22,875
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $16,575
  • Furniture Replacement: $0
  • Trash: $1,200
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $2,100
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,400

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Property Details for 1004 N Hicks Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage, Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5231011005
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is not Attached
  • Accessibility Features: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Hicks Avenue and City Terrace Drive
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs
View more facts & features

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Sale History for 1004 N Hicks Ave

Last sold on March 17th, 2009
  • July, 2023

  • Jul 9, 2023

    Date

    Active

    CRMLS: DW23122567

    $1,150,000

    Price

  • March, 2009

  • Mar 17, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1004 N Hicks Ave

Assessed Value (2020): $401,866
Year Land Value Improved Value Assessed Value
2020 $151,230 $250,636 $401,866

Home Value Compared to the Market

This property vs the competition

1004 N Hicks Ave is listed 8% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $222.52 per/sqft which puts the price per square foot 71.47% lower than the median price per square foot for the city of Los Angeles.

About 1004 N Hicks Ave

Detailed summary of property

1004 N Hicks Ave is a fourplex located in Los Angeles, CA 90063 and is currently for sale. This fourplex offers 20 bedrooms, 10 bathrooms, roughly 5,168 living square feet, and sits on an approximately 7,249 square foot lot. 1004 N Hicks Ave was first listed on ArdentRealEstateGroup.com on July 9, 2023. The homeowner is currently asking $1,150,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8% lower than the median priced home. Local competing homes currently for sale include 127 N Savannah St, 3412 E 3rd St and 317 N Mathews St. While the average home in Los Angeles, CA is selling in 93 days, 1004 N Hicks Ave has a days on market of 280 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1004 N Hicks Ave Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1004 N Hicks Ave

Public county record property details
Beds
8
Baths
4
Year built
1929
Sq. Ft.
5,168
Lot Size
7,100
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5231-011-005

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$615,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
32
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.