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1029 S Hicks Ave, Los Angeles, CA 90023
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1029 S Hicks Ave Los Angeles, CA 90023

$649,000
  • 8 Beds
  • 0 Baths
  • 2,223 Sq.Ft.
For Sale
$649,000 Get Pre-Qualified
Map preview of 1029 S Hicks Ave, Los Angeles, CA 90023

Property Overview: 1029 S Hicks Ave Los Angeles, CA has 8 bedrooms, -- bathrooms, 2,223 living square feet and 6,492 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: Great inveestor opportunity, duplex that has 2 seperate buildings. Garage was converted into a unit and upstairs of front was made into a unit to make it 4 seperate units without permit. Big lot, looks like plenty of room to build more, verify with the city. Great opportunity, do not miss out!

Listed by Alfonso Vasquez | BRE #01259293 | SO CAL REALTY & LOANS
Last checked: 1 minute ago | Last updated: September 28th, 2024 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
6,492
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Duplex
Status
Active
MLS#
CV24154062
City
Los Angeles
County
Los Angeles
Time on Site
64 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $6,100
  • Net Operating Income: $5,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $900
  • Electric: $8,400
  • Gas/Fuel: $2,400
  • Trash: $1,200
  • Insurance: $2,400
  • Water/Sewer: $1,800

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Property Details for 1029 S Hicks Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5239004041
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Indiana & Whittier
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1029 S Hicks Ave

Last sold for $183,000 on December 3rd, 1998

  • July, 2024

  • Jul 26, 2024

    Date

    Active

    CRMLS: CV24154062

    $649,000

    Price

  • April, 2022

  • Apr 16, 2022

    Date

    Active

    CRMLS: CV22077342

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    Cash buyers only, this 4 unit property is great for income but 2 units are unpermitted.

  • December, 2018

  • Dec 7, 2018

    Date

    Expired

    CRMLS: CV18218165

    $549,000

    Price

  • Oct 6, 2018

    Date

    Price Change

    CRMLS: CV18218165

    $549,000

    Price

  • Sep 7, 2018

    Date

    Price Change

    CRMLS: CV18218165

    $575,000

    Price

  • Sep 6, 2018

    Date

    Active

    CRMLS: CV18218165

    $575

    Price

  • Listing provided courtesy of CRMLS

    Great income property for savy buyer. This duplex has 2 additional units that are not permitted but would not be hard to change back to original form, or keep and collect rent. Best part is no rent control!!! Come see and take a look for yourself, looking for cash buyers. Please do not disturb tenants.

  • August, 2018

  • Aug 16, 2018

    Date

    Expired

    CRMLS: CV18038187

    $575,000

    Price

  • May 7, 2018

    Date

    Price Change

    CRMLS: CV18038187

    $575,000

    Price

  • Apr 30, 2018

    Date

    Active

    CRMLS: CV18038187

    $599,000

    Price

  • Mar 28, 2018

    Date

    Active Under Contract

    CRMLS: CV18038187

    $599,000

    Price

  • Feb 17, 2018

    Date

    Active

    CRMLS: CV18038187

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Great income property for savy buyer. This duplex has 2 additional units that are not permitted but would not be hard to change back to original form, or keep and collect rent. Best part is no rent control!!! Come see and take a look for yourself, looking for cash buyers. Please do not disturb tenants.

  • December, 1998

  • Dec 3, 1998

    Date

    Sold (Public Records)

    Public Records

    $183,000

    Price

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Tax History for 1029 S Hicks Ave

Assessed Value (2020): $372,034
Year Land Value Improved Value Assessed Value
2020 $205,569 $166,465 $372,034

Home Value Compared to the Market

This property vs the competition

1029 S Hicks Ave is listed 45.92% 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 $771 and this home is listed at $291.95 per/sqft which puts the price per square foot 62.13% lower than the median price per square foot for the city of Los Angeles.

About 1029 S Hicks Ave

Detailed summary of property

1029 S Hicks Ave is a duplex located in Los Angeles, CA 90023 and is currently for sale. This duplex offers 8 bedrooms, -- bathrooms, roughly 2,223 living square feet, and sits on an approximately 6,492 square foot lot. 1029 S Hicks Ave was first listed on ArdentRealEstateGroup.com on July 26, 2024. The homeowner is currently asking $649,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 45.92% lower than the median priced home. Local competing homes currently for sale include 4032 City Terrace Dr, 3414 Fowler St and 114 Vicente Fernandez St. While the average home in Los Angeles, CA is selling in 106 days, 1029 S Hicks Ave has a days on market of 55 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1029 S Hicks 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 1029 S Hicks Ave

Public county record property details
Beds
4
Baths
2
Year built
1925
Sq. Ft.
2,223
Lot Size
6,489
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
72
APN
5239-004-041

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
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
20
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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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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