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1006 S Record Ave, Los Angeles, CA 90023
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1006 S Record Ave Los Angeles, CA 90023

$3,500,000
  • 22 Beds
  • 18 Baths
  • 9,798 Sq.Ft.
For Sale
$3,500,000 Get Pre-Qualified
Map preview of 1006 S Record Ave, Los Angeles, CA 90023

Property Overview: 1006 S Record Ave Los Angeles, CA has 22 bedrooms, 18 bathrooms, 9,798 living square feet and 8,742 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: Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area. Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units. Each building has its owner separate washer and dryer in a common area. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.

Listed by Peter Vallier | BRE #01875789 | Benjamin Frank Venti Realty
Last checked: 50 seconds ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
8,742
HOA Dues
$0/mo
Year built
1990
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24051871
City
Los Angeles
County
Los Angeles
Time on Site
50 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 12
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,650
  • Total Rent: $1,980
  • Pro Forma/Market Rent: $21,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,194
  • Total Rent: $14,328
  • Pro Forma/Market Rent: $21,600
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,285
  • Total Rent: $15,420
  • Pro Forma/Market Rent: $26,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $2,000
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $26,400
Unit Breakdown 5
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,314
  • Total Rent: $15,768
  • Pro Forma/Market Rent: $30,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $198,996
  • Net Operating Income: $157,000
  • Gross Operating Income: $198,996
  • Vacancy Allowance: $0
  • Laundry Income: $400
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $41,000
  • Electric: $2,377
  • Gas/Fuel: $2,377
  • Trash: $2,377
  • Insurance: $3,471
  • Professional Management: $0
  • Water/Sewer: $2,377
  • Other Expenses: $4,972
  • Other Expense Description: Repairs

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Property Details for 1006 S Record Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Propane
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Convection Oven, Dishwasher, Gas Oven, Gas Range, Refrigerator
Interior Features
  • 2 Staircases
  • Levels: Two
  • Security Features: 24 Hour Security, Automatic Gate, Gated Community
Exterior Features
Exterior Information
  • Roof: Synthetic, Tar/Gravel
  • Has Fence
  • Average Condition, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 5239019042
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: 2+ Access Exits, Parking
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Propane, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Located off Whittier blvd.
  • Road Frontage Type: Access Road
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1006 S Record Ave

Last sold on December 22nd, 2010

  • March, 2024

  • Mar 14, 2024

    Date

    Active

    CRMLS: OC24051871

    $3,500,000

    Price

  • August, 2023

  • Aug 17, 2023

    Date

    Expired

    CRMLS: OC22241530

    $3,500,000

    Price

  • Nov 16, 2022

    Date

    Active

    CRMLS: OC22241530

    $3,500,000

    Price

  • Listing provided courtesy of CRMLS

    Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, with room to make two additional spaces to can be utilized as guest parking. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 10006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.

  • December, 2010

  • Dec 22, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1006 S Record Ave

Assessed Value (2020): $394,188
Year Land Value Improved Value Assessed Value
2020 $157,672 $236,516 $394,188

Home Value Compared to the Market

This property vs the competition

1006 S Record Ave is listed 185.71% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $357.22 per/sqft which puts the price per square foot 53.85% lower than the median price per square foot for the city of Los Angeles.

About 1006 S Record Ave

Detailed summary of property

1006 S Record Ave is a apartment located in Los Angeles, CA 90023 and is currently for sale. This apartment offers 22 bedrooms, 18 bathrooms, roughly 9,798 living square feet, and sits on an approximately 8,742 square foot lot. 1006 S Record Ave was first listed on ArdentRealEstateGroup.com on March 14, 2024. The homeowner is currently asking $3,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 185.71% higher than the median priced home. Local competing homes currently for sale include 2330 W 3rd St, 1435 Alvarado and 2506 W Sunset Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1006 S Record Ave has a days on market of 39 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1006 S Record Ave Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1006 S Record Ave

Public county record property details
Beds
11
Baths
9
Year built
1990
Sq. Ft.
4,899
Lot Size
8,749
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
173
APN
5239-019-042

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
18
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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Recently Sold Homes Near 1006 S Record Ave

945 Record Ave, Los Angeles, CA 90023
$1,100,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
945 Record Ave
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1017 S Bonnie Beach Pl, Los Angeles, CA 90023
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928 S Record Ave, Los Angeles, CA 90023
$765,000 Last Sold Price
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3 Baths
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4100 Whittier Blvd, Los Angeles, CA 90023
$800,000 Last Sold Price
0 Beds
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4100 Whittier Blvd
Los Angeles, CA 90023

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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.

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