10548 Eastborne Ave, Los Angeles, CA 90024

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10548 Eastborne Ave Los Angeles, CA 90024

$5,466,667 Sold Price as of 12/28/2022

16 Beds
16 Baths
12,930 Sq.Ft.

Sold

$5,466,667 Sold Price as of 12/28/2022 Refinance Your Mortgage

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Map preview of 10548 Eastborne Ave, Los Angeles, CA 90024

Property Overview: 10548 Eastborne Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 12,930 living square feet and 7,154 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: I am pleased to offer for sale a ten-unit apartment community located at 10548 Eastborne Avenue. The subject property is located just north of Santa Monica Boulevard on the border of two of the most desirable sub-markets in all of Los Angeles: Westwood & Century City. Consisting of one, three-story building situated on a 7,154 square foot parcel, 10548 Eastborne has been owned and meticulously managed by the same family. The property features large floor plans, balconies, central HVAC, an elevator, on-site parking & on-site laundry as well as in-unit washer/dryers in 70% of the units. Additionally, current ownership has completed all soft-story retrofit work. Eastborne comprises of an excellent unit mix consisting of one Bachelor, two one-bedrooms, five two-bedrooms, and two two-bedrooms + den. Located on the Westside, Westwood is one of the most sought out rental markets in Los Angeles. Given the property's prime location, large floor plans, and remaining value add components, 10548 Eastborne is a great opportunity to provide investors with stable returns and long-term appreciation potential.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 13 minutes ago | Last updated: December 30th, 2022 | Source CRMLS | DOM: 89

Home details

Lot Sq. Ft: 7,154
HOA Dues: $0/mo
Year built: 1966
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22181831
City: Los Angeles
County: Los Angeles
Time on Site: 705 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,856
Total Rent: $2,856
Pro Forma/Market Rent: $4,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,056
Total Rent: $2,056
Pro Forma/Market Rent: $2,900

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,102
Total Rent: $2,102
Pro Forma/Market Rent: $2,900

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,706
Total Rent: $2,706
Pro Forma/Market Rent: $3,700

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,923
Total Rent: $2,923
Pro Forma/Market Rent: $3,750

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,150

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,200
Total Rent: $4,200
Pro Forma/Market Rent: $4,500

Unit Breakdown 8

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,500
Total Rent: $3,500
Pro Forma/Market Rent: $3,800

Unit Breakdown 9

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,148
Total Rent: $3,148
Pro Forma/Market Rent: $3,800

Unit Breakdown 10

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,900
Total Rent: $2,900
Pro Forma/Market Rent: $3,750

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.12%
Gross Rent Multiplier: 15.46
Gross Scheduled Income: --
Net Operating Income: $235,747
Gross Operating Income: $356,787

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 10548 Eastborne Ave

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 12
Has Parking
Parking Features: Covered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 10
Parcel Number: 4326033023
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: North of Santa Monica Boulevard, 0.5 miles from Westfield Century City

View more facts & features

Local Los Angeles Agent

Sale History for 10548 Eastborne Ave

Last sold for $5,466,667 on December 28th, 2022

December, 2022
Dec 28, 2022

Date

Sold

CRMLS: 22181831

$5,466,667

Price
Jul 22, 2022

Date

Active

CRMLS: 22181831

$6,200,000

Price
March, 2004
Mar 19, 2004

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 10548 Eastborne Ave

Assessed Value (2020): $561,540

Year	Land Value	Improved Value	Assessed Value
2020	$135,832	$425,708	$561,540

Home Value Compared to the Market

This property vs the competition

10548 Eastborne Ave sold on December 28, 2022 for 406.64% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $442.77 per/sqft which puts the price per square foot 41.28% lower than the current median sale per square foot for the city of Los Angeles.

About 10548 Eastborne Ave

Detailed summary of property

10548 Eastborne Ave is a multi family that recently sold in Los Angeles, CA 90024. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 12,930 living square feet, and sits on an approximately 7,154 square foot lot. 10548 Eastborne Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $5,466,667. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 406.64% higher than the current median priced home. Local homes that are currently for sale include 4024 Nicolet Ave, 3438 Potomac Ave and 7056 Lanewood Ave. While the average home in Los Angeles, CA is selling in 99 days, 10548 Eastborne Ave has a days on market of 89 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 10548 Eastborne 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 10548 Eastborne Ave

Public county record property details

Beds: --
Baths: --
Year built: 1966
Sq. Ft.: 12,930
Lot Size: 7,153
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 4326-033-023

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

$1,395,000

Median List Price/Sq.Ft.

$825

Median Sold Price

$1,325,000

Median Sold Price/Sq.Ft.

$793

Total Inventory

175

Median Sale to List Price %

98.22%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (24%), Other (8%)

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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.