10357 Ashton Ave, Los Angeles, CA 90024
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10357 Ashton Ave Los Angeles, CA 90024

$4,495,000
  • 11 Beds
  • 11 Baths
  • 7,274 Sq.Ft.
For Sale
$4,495,000 Get Pre-Qualified

Map preview of 10357 Ashton Ave, Los Angeles, CA 90024

Property Overview: 10357 Ashton Ave Los Angeles, CA has 11 bedrooms, 11 bathrooms, 7,274 living square feet and 8,501 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: We are pleased to introduce 10357 and 10361 Ashton Ave, a compelling nine-unit investment opportunity situated in the prestigious Westwood submarket of West Los Angeles. This property is comprised of two adjoining parcels that share a central courtyard. The eastern building, 10357-10359.5 Ashton, boasts 3,320 sqft of living space and comprises four units, including two one-bedroom, one-bathroom units and two spacious two-bedroom, two-bathroom units. Built-in 1953 with a sturdy wood frame and stucco construction, the property also features an additional non-conforming studio unit, approximately 400-500 sqft, situated above the two two-car garages at the rear of the property. Notably, this space has the potential for conversion into an Accessory Dwelling Unit (ADU), offering immediate potential for renovation and rental income enhancement. The western building, 10361-10365.5 Ashton, is a timeless structure with 3,954 sqft of living space. Built-in 1937 with a wooden frame and stucco construction, it offers five generously sized one-bedroom, one-bathroom units, each exuding its unique charm. There are two two-car garages and one one-car garage in the rear alley of the property. This exceptional property is conveniently located just one block south of Wilshire Blvd and to the east of South Beverly Glen Boulevard, making it an ideal choice for those seeking proximity to Beverly Hills, Century City, and the West Side. The prime location ensures a strong demand for rental units, making it a promising investment opportunity. Both buildings rest on approximately 4,250 sqft lots zoned LARD1.5, 8,501 sqft of total land.

Listed by Benjamin Lewin | BRE #02040686 | Marcus & Millichap
Co-listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: January 18th, 2024 | Source CRMLS | DOM: 141
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Home details

Lot Sq. Ft
8,501
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23333615
City
Los Angeles
County
Los Angeles
Time on Site
159 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,327
  • Total Rent: $16,290
  • Pro Forma/Market Rent: $19,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,696
  • Total Rent: $5,392
  • Pro Forma/Market Rent: $7,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.4%
  • Gross Rent Multiplier: 17.22
  • Gross Scheduled Income: --
  • Net Operating Income: $152,609
  • Gross Operating Income: $253,251
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 10357 Ashton Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4327013018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: One Block South of Wilshire Blvd and East of S Beverly Glen Blvd
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Sale History for 10357 Ashton Ave

Last sold on February 26th, 2010
  • November, 2023

  • Nov 20, 2023

    Date

    Active

    CRMLS: 23333615

    $4,700,000

    Price

  • February, 2010

  • Feb 26, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2000

  • Dec 27, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 10357 Ashton Ave

Assessed Value (2020): $1,180,286
Year Land Value Improved Value Assessed Value
2020 $885,218 $295,068 $1,180,286

Home Value Compared to the Market

This property vs the competition

10357 Ashton Ave is listed 263.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $617.95 per/sqft which puts the price per square foot 20.06% lower than the median price per square foot for the city of Los Angeles.

About 10357 Ashton Ave

Detailed summary of property

10357 Ashton Ave is a multi family located in Los Angeles, CA 90024 and is currently for sale. This multi family property offers 11 bedrooms, 11 bathrooms, roughly 7,274 living square feet, and sits on an approximately 8,501 square foot lot. 10357 Ashton Ave was first listed on ArdentRealEstateGroup.com on November 20, 2023. The homeowner is currently asking $4,495,000 and was originally asking $4,700,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 263.67% higher than the median priced home. Local competing homes currently for sale include 1826 S Bundy Dr, 1234 S Saltair Ave and 11938 Dorothy St. While the average home in Los Angeles, CA is selling in 96 days, 10357 Ashton Ave has a days on market of 141 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 10357 Ashton Ave Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10357 Ashton Ave

Public county record property details
Beds
6
Baths
6
Year built
1953
Sq. Ft.
3,320
Lot Size
4,250
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
4327-013-018

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$843
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
157
Median Sale to List Price %
102.7%
Avg Days on Market
49
Loan Type
Conventional (8.33%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Related Resources to 10357 Ashton Ave

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.