1040 S Longwood Ave, Los Angeles, CA 90019
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1040 S Longwood Ave Los Angeles, CA 90019

$2,625,000 Sold Price as of 09/15/2023
  • 10 Beds
  • 9 Baths
  • 7,962 Sq.Ft.
Sold
$2,625,000 Sold Price as of 09/15/2023 Refinance Your Mortgage

Map preview of 1040 S Longwood Ave, Los Angeles, CA 90019

Property Overview: 1040 S Longwood Ave Los Angeles, CA has 10 bedrooms, 9 bathrooms, 7,962 living square feet and 8,916 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4-unit income property in Longwood Highlands on a beautiful tree-lined Longwood Avenue. This unique property sits on an oversized southwest corner lot of Longwood Avenue and Edgewood Place and consists of two separate buildings. The first building has one three-bedroom and three-bathroom unit upstairs and one three-bedroom and two-bathroom unit downstairs. These units have a gorgeous, high ceiling spacious living room with a fireplace and a big arched window overlooking the quiet street. The sunroom off the living room is an excellent option for a home office. The lovely dining room opens to the living room, and the charming breakfast nook has built-ins. The main suite has two walk-in closets, and the oversized second bedroom on the corner of the property allows plenty of natural light through the big windows. Remodeled bathrooms in the upstairs unit feature a walk-in tub, a spa tub, and a separate shower. The downstairs unit has original features, hardwood, and carpet. The second building on Edgewood has two two-bedroom and two-bathroom units. Both units have been upgraded. The large high-ceiling living room with decorative fireplace and floor-to-ceiling window welcomes you, and the home office in the sunroom is an excellent bonus. Formal dining room with large windows, the lovely breakfast nook overlooks the courtyard and two bedrooms with a jack and jill bathroom with shower. The lush gated courtyard provides a tranquil sitting area and is perfect for entertaining guests. All four units have access to the yard through the back doors. Two garages are attached to the property and conveniently located within a short distance from the shops and restaurants on La Brea Ave and just a quick drive from the Larchmont Village farmer's market and dining and entertainment in Koreatown.

Listed by Eva Jacobs | BRE #01904512 | Vista Sotheby's International Realty
Last checked: 14 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
8,916
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23282589
City
Los Angeles
County
Los Angeles
Time on Site
445 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $89,965
  • Gross Operating Income: $140,844
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $34,770
  • Insurance: $9,700

Property Details for 1040 S Longwood Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air, Fireplace(s)
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile, Wood
  • Walk-In Closet, Sun, Living Room, Primary Bathroom, Basement
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Property Information
  • Total # of Units: 4
  • Parcel Number: 5083005017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Olympic, East of Highland West of Tremaine. On the corner of S. Longwood Ave and Edgewood Place.
View more facts & features

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Sale History for 1040 S Longwood Ave

Last sold for $2,625,000 on September 15th, 2023
  • September, 2023

  • Sep 15, 2023

    Date

    Sold

    CRMLS: 23282589

    $2,625,000

    Price

  • Jul 13, 2023

    Date

    Active

    CRMLS: 23282589

    $2,895,000

    Price

Tax History for 1040 S Longwood Ave

Assessed Value (2020): $183,907
Year Land Value Improved Value Assessed Value
2020 $58,212 $125,695 $183,907

Home Value Compared to the Market

This property vs the competition

1040 S Longwood Ave sold on September 15, 2023 for 158.48% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $363.6 per/sqft which puts the price per square foot 49.78% lower than the current median sale per square foot for the city of Los Angeles.

About 1040 S Longwood Ave

Detailed summary of property

1040 S Longwood Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 7,962 living square feet, and sits on an approximately 8,916 square foot lot. 1040 S Longwood Ave was first listed on ArdentRealEstateGroup.com on July 2, 2023. The homeowner sold the property for $2,625,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 158.48% higher than the current median priced home. Local homes that are currently for sale include 1349 Meadowbrook Ave, 1424 Meadowbrook Ave and 1805 S Longwood Ave. While the average home in Los Angeles, CA is selling in 106 days, 1040 S Longwood Ave has a days on market of 32 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 1040 S Longwood Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1040 S Longwood Ave

Public county record property details
Beds
10
Baths
8
Year built
1926
Sq. Ft.
7,962
Lot Size
8,909
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
470
APN
5083-005-017

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Related Resources to 1040 S Longwood 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.