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1017 W 25Th St Los Angeles, CA 90007

$1,365,000 Sold Price as of 10/20/2020

4 Beds
9 Baths
-- Sq.Ft.

Sold

$1,365,000 Sold Price as of 10/20/2020 Refinance Your Mortgage

Map preview of 1017 W 25Th St, Los Angeles, CA 90007

Property Overview: 1017 W 25Th St Los Angeles, CA has 4 bedrooms, 9 bathrooms, -- living square feet and 7,072 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is a multi family building that is located in the historic West Adams neighborhood near USC. Originally constructed in 1903, this property features 8 apartment units including 1-two bedroom / two bathroom, 2-one bedroom / one bathroom and 5 studios, all within 4,412 rentable square feet. There are six full size parking spaces with the potential to park two subcompact cars.The property is walking distance to Ralphs Grocery and approximately a mile away from USC. The West Adams area is experiencing revitalization with young professionals, many great restaurants and amenities, and new businesses moving into the area. Many historic homes in the area are being renovated and restored to their previous elegance. The property has long term tenants paying under market rent. This property will appeal to investors looking for a value-add opportunity with upside in rents in a neighborhood experiencing tremendous growth.

Listed by Laura Alice Scaturro | BRE #01942167 | Marcus & Millichap

Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft: 7,072
HOA Dues: $0/mo
Year built: 1903
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20606756
City: Los Angeles
County: Los Angeles
Time on Site: 1267 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 5
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,450

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,180
Total Rent: $1,180
Pro Forma/Market Rent: $1,645

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,550
Total Rent: $1,150
Pro Forma/Market Rent: $2,160

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.72
Gross Scheduled Income: --
Net Operating Income: $58,610
Gross Operating Income: $106,794
Garage Rental Rate: $300
Garage Rental Income: $300
Other Income 1: $106,494

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1017 W 25Th St

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

No Laundry
None

Room Information

Flooring: Wood, Carpet

Kitchen Information

Has Appliances
Refrigerator, Gas Oven

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Assigned

Property Information

Total # of Units: 8
Parcel Number: 5124008007

Location / Neighborhood

Location Information

Directions: Take the 10 FWY East to the Exit to Hoover, Turn Right on Hoover & left on West 25th Street

View more facts & features

Local Los Angeles Agent

Sale History for 1017 W 25Th St

Last sold on November 5th, 2020

November, 2020
Nov 5, 2020

Date

Sold (Public Records)

Public Records

--

Price
October, 2020
Oct 21, 2020

Date

Sold

CRMLS: 20606756

$1,365,000

Price
Sep 3, 2020

Date

Active Under Contract

CRMLS: 20606756

$1,475,000

Price
Aug 16, 2020

Date

Price Change

CRMLS: 20606756

$1,475,000

Price
Jul 20, 2020

Date

Active

CRMLS: 20606756

$1,600,000

Price
October, 2020
Oct 20, 2020

Date

Sold (Public Records)

Public Records

$1,410,000

Price

Tax History for 1017 W 25Th St

Assessed Value (2020): $514,254

Year	Land Value	Improved Value	Assessed Value
2020	$422,509	$91,745	$514,254

Home Value Compared to the Market

This property vs the competition

1017 W 25Th St sold on October 20, 2020 for 15.78% higher than the current median sold price for the city of Los Angeles which is $1,274,000.

About 1017 W 25Th St

Detailed summary of property

1017 W 25Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 4 bedrooms, 9 bathrooms, roughly -- living square feet, and sits on an approximately 7,072 square foot lot. 1017 W 25Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,365,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.78% higher than the current median priced home. Local homes that are currently for sale include 1230 S Bonnie Brae St, 1400 S Westmoreland Ave and 1261 W 35th Pl. While the average home in Los Angeles, CA is selling in 100 days, 1017 W 25Th St has a days on market of 43 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1017 W 25Th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1017 W 25Th St

Public county record property details

Beds: 8
Baths: 8
Year built: 1903
Sq. Ft.: 4,412
Lot Size: 7,071
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5124-008-007

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,380,000

Median List Price/Sq.Ft.

$501

Median Sold Price

$525,000

Median Sold Price/Sq.Ft.

$589

Total Inventory

Median Sale to List Price %

102.94%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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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.