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1051 Masselin Ave, Los Angeles, CA 90019
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1051 Masselin Ave Los Angeles, CA 90019

$1,875,000 Sold Price as of 03/19/2021
  • 6 Beds
  • 4 Baths
  • 3,928 Sq.Ft.
Sold
$1,875,000 Sold Price as of 03/19/2021 Refinance Your Mortgage
Map preview of 1051 Masselin Ave, Los Angeles, CA 90019

Property Overview: 1051 Masselin Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,928 living square feet and 7,851 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Masselin Residences, an impeccably well preserved, vintage quad-plex located at 1051 Masselin Avenue in the beautiful Miracle Mile neighborhood of Los Angeles. This charming, architecturally pleasing property features nicely laid out residences with hardwood floors, copper plumbing throughout & there are new roofs on both the main & garage structures. The subject property is within close proximity to many iconic Los Angeles landmarks including: The Los Angeles County Museum of Art (LACMA), The Grove, The Original Farmers Market, La Brea Tar Pits, and the El Rey Theatre. Additionally, the property has a Walk Score of 80, within a short distance to many nearby restaurants, retail shops, entertainment and office buildings. Additional images are available upon request.

Listed by Glenn Brander | BRE #01020228 | Miller & Desatnik Realty Co.
Last checked: 9 minutes ago | Last updated: November 18th, 2022 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
7,851
HOA Dues
$0/mo
Year built
1939
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
20654600
City
Los Angeles
County
Los Angeles
Time on Site
1270 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,434
  • Total Rent: $1,434
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,943
  • Total Rent: $1,943
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.81
  • Gross Scheduled Income: --
  • Net Operating Income: $69,262
  • Gross Operating Income: $103,180
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1051 Masselin Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5085004019
  • Architectural Style: See Remarks
Location / Neighborhood
Location Information
  • Directions: South of Olympic Blvd., East of Fairfax
View more facts & features

Local Los Angeles Agent

Sale History for 1051 Masselin Ave

Last leased for $2,800 on March 31st, 2022

  • March, 2022

  • Mar 31, 2022

    Date

    Leased

    CRMLS: 22138081

    $2,800

    Price

  • Mar 20, 2022

    Date

    Active

    CRMLS: 22138081

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Stunningly beautiful 1 bedroom 1 bath apartment centrally located in a tranquil and well maintained four-plex off a quiet and iconic street in the heart of Miracle Mile. This is an upstairs unit with windows throughout that brings in lots of natural light, with beautiful hardwood floors. This unit features a spacious bedroom and living room with french doors leading to a small balcony area facing the front of the building. The formal dining room can also be used as an office. The kitchen has been updated with all new custom cabinetry, farmhouse sink, five burners stove, quartz counter top, a separate pantry room with plenty of storage. The unit has both a front and back door for easy access, and includes one garage parking space. Laundry is located in the basement. There is also a peaceful backyard perfect for your enjoyment. The building is just moments away from many of Los Angeles landmarks including Los Angeles County Museum of Art (LACMA), The Grove, The Original Farmers Market, La Brea Tar Pits, and the El Rey Theatre. With a Walk Score of 80, it is within a short distance to many nearby restaurants, retail shops, entertainment and office buildings. Owner pays water, laundry and gardener.

  • March, 2021

  • Mar 25, 2021

    Date

    Sold

    CRMLS: 20654600

    $1,875,000

    Price

  • Feb 1, 2021

    Date

    Active Under Contract

    CRMLS: 20654600

    $1,895,000

    Price

  • Nov 2, 2020

    Date

    Active

    CRMLS: 20654600

    $1,895,000

    Price

  • August, 2016

  • Aug 2, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1051 Masselin Ave

Assessed Value (2020): $1,242,682
Year Land Value Improved Value Assessed Value
2020 $955,915 $286,767 $1,242,682

Home Value Compared to the Market

This property vs the competition

1051 Masselin Ave sold on March 19, 2021 for 48.74% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $482.43 per/sqft which puts the price per square foot 39.01% lower than the current median sale per square foot for the city of Los Angeles.

About 1051 Masselin Ave

Detailed summary of property

1051 Masselin Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,928 living square feet, and sits on an approximately 7,851 square foot lot. 1051 Masselin Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,875,000. 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 48.74% higher than the current median priced home. Local homes that are currently for sale include 5112 Edgewood Pl, 1525 S Orange Grove Ave and 1236 Hi Point St. While the average home in Los Angeles, CA is selling in 100 days, 1051 Masselin Ave has a days on market of 88 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 1051 Masselin 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 1051 Masselin Ave

Public county record property details
Beds
4
Baths
4
Year built
1939
Sq. Ft.
3,928
Lot Size
7,850
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
164
APN
5085-004-019

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
$1,459,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
76
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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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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