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1026 E 23Rd St, Los Angeles, CA 90011
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1026 E 23Rd St Los Angeles, CA 90011

$740,000
  • 4 Beds
  • 3 Baths
  • 2,053 Sq.Ft.
For Sale
$740,000 Get Pre-Qualified
Map preview of 1026 E 23Rd St, Los Angeles, CA 90011

Property Overview: 1026 E 23Rd St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,053 living square feet and 6,264 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: Gated and separately metered for gas and electricity—tenants cover all utilities except water, maximizing your profit margins. Priced to sell quickly, this property is an ideal addition to any investment portfolio, whether you're a seasoned investor or a first-time buyer. Perfectly situated in a thriving metropolitan area, you'll find yourself just moments away from schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, and major freeways. The convenience and potential of this location are unparalleled.

Listed by Mark Perez | BRE #01279393 | Circle Real Estate
Co-listed by Adrien Aguirre | BRE #02193553 | Circle Real Estate
Last checked: 11 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
6,264
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Triplex
Status
Active
MLS#
RS24179698
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,711
  • Total Rent: --
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $791
  • Total Rent: --
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: --
  • Pro Forma/Market Rent: $2,407
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $42,204
  • Net Operating Income: $34,148
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,056
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $2,000
  • Insurance: $0
  • Maintenance: $1,056
  • Water/Sewer: $5,000

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Property Details for 1026 E 23Rd St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Gated, Off Street, On Site, Uncovered
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5131019009
  • Year Built Source: Estimated
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify, Unknown
Location / Neighborhood
Location Information
  • Directions: E Adams / Naomi Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1026 E 23Rd St

Last sold for $290,000 on June 3rd, 2014

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: RS24179698

    $740,000

    Price

  • January, 2020

  • Jan 23, 2020

    Date

    Canceled

    CRMLS: IN19104590

    $630,000

    Price

  • Jan 10, 2020

    Date

    Price Change

    CRMLS: IN19104590

    $630,000

    Price

  • May 16, 2019

    Date

    Price Change

    CRMLS: IN19104590

    $590,000

    Price

  • May 6, 2019

    Date

    Active

    CRMLS: IN19104590

    $570,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property! Start collecting income right away! PROPERTY SOLD TENANT-OCCUPIED. WILL NOT BE DELIVERED VACANT! Separately metered for gas and electric. Tenants pay for all utilities except water. Large units rented at market value with plenty of parking. This gated property is priced to sell! Conveniently located close to schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Great for seasoned investor or first time buyer to add to their investment portfolio. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, bed/bath count, square footage, legality, etc.

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: IN19003129

    $606,100

    Price

  • Apr 26, 2019

    Date

    Withdrawn

    CRMLS: IN19003129

    $606,100

    Price

  • Mar 22, 2019

    Date

    Active

    CRMLS: IN19003129

    $606,100

    Price

  • Mar 16, 2019

    Date

    Active Under Contract

    CRMLS: IN19003129

    $606,100

    Price

  • Feb 19, 2019

    Date

    Price Change

    CRMLS: IN19003129

    $606,100

    Price

  • Feb 19, 2019

    Date

    Price Change

    CRMLS: IN19003129

    $564,300

    Price

  • Jan 10, 2019

    Date

    Active

    CRMLS: IN19003129

    $627,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property! Separately metered for gas and electric. Tenants pay for all utilities except water. Large units rented at market value with plenty of parking. This gated property is priced to sell! Conveniently located close to schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Start collecting income right away! Great for seasoned investor or first time buyer to add to their investment portfolio. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, bed/bath count, square footage, legality, etc.

  • November, 2017

  • Nov 3, 2017

    Date

    Canceled

    CRMLS: IN17219189

    $470,000

    Price

  • Sep 22, 2017

    Date

    Active

    CRMLS: IN17219189

    $470,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a Bread and Butter Income Property! Separately metered for gas and electric. Tenants pay for all utilities except water. Large units rented at market value with plenty of parking. This gated property is priced to sell! Conveniently located close to schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Start collecting income right away! Great for seasoned investor or first time buyer to add to their investment portfolio. Great upside rental potential in this highly metropolitan location! Property due for 3% rent increase! Please do not disturb tenants. Only offers subject to interior inspection. Property will be shown with an accepted offer. Seller will not relocate any tenants. Property will be delivered completely occupied. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, bed/bath count, square footage, legality, etc. Sold AS-IS.

  • June, 2014

  • Jun 3, 2014

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

  • August, 2003

  • Aug 21, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1026 E 23Rd St

Assessed Value (2020): $325,054
Year Land Value Improved Value Assessed Value
2020 $201,758 $123,296 $325,054

Home Value Compared to the Market

This property vs the competition

1026 E 23Rd St is listed 38.33% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $360.45 per/sqft which puts the price per square foot 53.07% lower than the median price per square foot for the city of Los Angeles.

About 1026 E 23Rd St

Detailed summary of property

1026 E 23Rd St is a triplex located in Los Angeles, CA 90011 and is currently for sale. This triplex offers 4 bedrooms, 3 bathrooms, roughly 2,053 living square feet, and sits on an approximately 6,264 square foot lot. 1026 E 23Rd St was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $740,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 38.33% lower than the median priced home. Local competing homes currently for sale include 1623 E 33rd St, 3217 Morgan Ave and 3741 Maple Ave. While the average home in Los Angeles, CA is selling in 106 days, 1026 E 23Rd St has a days on market of 12 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1026 E 23Rd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1026 E 23Rd St

Public county record property details
Beds
4
Baths
2
Year built
1928
Sq. Ft.
2,053
Lot Size
6,227
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5131-019-009

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$532
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
52
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), 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.

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