10596 Ayres Ave, Los Angeles, CA 90064
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10596 Ayres Ave Los Angeles, CA 90064

$1,799,000
  • 9 Beds
  • 3 Baths
  • 2,902 Sq.Ft.
Back Up Offer
$1,799,000 Get Pre-Qualified

Map preview of 10596 Ayres Ave, Los Angeles, CA 90064

Property Overview: 10596 Ayres Ave Los Angeles, CA has 9 bedrooms, 3 bathrooms, 2,902 living square feet and 6,241 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: Introducing an exceptional investment and development opportunity nestled in the heart of Rancho Park! This romantic Spanish classic duplex holds immense potential for those with a keen eye for renovation and expansion. Featuring two units, each boasting three bedrooms and 1.5 baths, this property presents a canvas primed for transformation. Whether you're a seasoned investor or a developer seeking your next project, the possibilities are endless. Upon entry, you'll be captivated by the timeless allure of Spanish architecture, offering a solid foundation for revitalization. While the downstairs unit showcases an updated kitchen, both units retain their original Spanish tile in the bathrooms, adding to the property's inherent charm. The downstairs unit exudes warmth with its oak hardwood floors, while the upstairs unit offers a cozy carpeted ambiance. Natural light streams through each room, illuminating the vast potential within. Strategically located near shops, dining, and recreational amenities, and the future UCLA at Westside Pavilion, this property is poised for lucrative returns. Take advantage of its proximity to Rancho Park Golf Course and Cheviot Hills Recreation Park, catering to the lifestyle desires of future residents. With convenient access to transit options, including the Expo Train, commuting throughout Los Angeles is a breeze, enhancing the property's appeal to potential tenants or homeowners. While this property requires some TLC to realize its full value, its vacant status eliminates the complexities of dealing with tenants, making it an ideal canvas for your investment or development aspirations. Unlock the possibilities that abound in this enchanting Spanish classic duplex. Embrace the opportunity to shape its future and maximize its potential for long-term success. Seize this investment and development gem today! Schedule your viewing to explore the endless possibilities that await.

Listed by Jae Wu | BRE #01207394 | Heyler Realty
Co-listed by Sean McMillan | BRE #01147016 | Heyler Realty
Last checked: 3 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
6,241
HOA Dues
$0/mo
Year built
1929
Garage
3 Car
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24377685
City
Los Angeles
County
Los Angeles
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $75,900
  • Gross Operating Income: $120,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $250
  • New Taxes: $1,875
  • Trash: $300
  • Gardener: $100
  • Insurance: $400
  • Water/Sewer: $500

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Property Details for 10596 Ayres Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Stackable, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Carpet
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Garage
Property Information
  • Total # of Units: 2
  • Parcel Number: 4318004012
  • Architectural Style: Spanish
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Pico Blvd, East of Overland Avenue, West of Prosser Avenue
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Sale History for 10596 Ayres Ave

Last sold on November 30th, 2020
  • April, 2024

  • Apr 20, 2024

    Date

    Back Up Offer

    CRMLS: 24377685

    $1,799,000

    Price

  • Apr 10, 2024

    Date

    Active

    CRMLS: 24377685

    $1,799,000

    Price

  • November, 2020

  • Nov 30, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2020

  • Nov 30, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 10596 Ayres Ave

Assessed Value (2020): $104,716
Year Land Value Improved Value Assessed Value
2020 $75,522 $29,194 $104,716

Home Value Compared to the Market

This property vs the competition

10596 Ayres Ave is listed 45.55% 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 $619.92 per/sqft which puts the price per square foot 19.8% lower than the median price per square foot for the city of Los Angeles.

About 10596 Ayres Ave

Detailed summary of property

10596 Ayres Ave is a multi family located in Los Angeles, CA 90064 and is currently in escrow to be sold. This multi family property offers 9 bedrooms, 3 bathrooms, roughly 2,902 living square feet, and sits on an approximately 6,241 square foot lot. 10596 Ayres Ave was first listed on ArdentRealEstateGroup.com on April 10, 2024. The homeowner is currently asking $1,799,000. 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 45.55% higher than the median priced home. Local competing homes currently for sale include 8664 Cadillac Ave, 8607 Airdrome St and 1647 S Holt Ave. While the average home in Los Angeles, CA is selling in 96 days, 10596 Ayres Ave has a days on market of 17 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 10596 Ayres Ave Los Angeles, CA 90064 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10596 Ayres Ave

Public county record property details
Beds
6
Baths
4
Year built
1929
Sq. Ft.
2,902
Lot Size
6,238
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
99
APN
4318-004-012

The source for these homes facts are from public records.

90064 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,800,000
Median List Price/Sq.Ft.
$979
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$639
Total Inventory
63
Median Sale to List Price %
96.76%
Avg Days on Market
34
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (25%), Other (16.67%)

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Related Resources to 10596 Ayres 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.