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10622 Eastborne Ave Los Angeles, CA 90024

$2,800,000 Sold Price as of 03/29/2019

35 Beds
21 Baths
4,979 Sq.Ft.

Sold

$2,800,000 Sold Price as of 03/29/2019 Refinance Your Mortgage

Map preview of 10622 Eastborne Ave, Los Angeles, CA 90024

Property Overview: 10622 Eastborne Ave Los Angeles, CA has 35 bedrooms, 21 bathrooms, 4,979 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Investors and Developers! Rare opportunity, family-owned & first time on the market in 60 years! Prime mid-block North of Santa Monica Blvd. 6-unit 2-story income property consisting of 4 -2 bed/1 bath units and 2-1 bed/1bath units. Charming traditional style with 4 units delivered vacant. Enter landscaped walkway to each unit's front door. 4 separate garages with 4 additional driveway parking spaces & 2 additional parking spaces behind the property. Common area patio behind building. On site community laundry room. Ready for remodel and/or possible development opportunity. Take advantage of this unique offering close to Century City, retail and world class restaurants. Property located within 1.5 miles of newly announced Google headquarters leasing 584,000 sf at the prior site of the Westside Pavilion (Westwood Boulevard snd Pico Boulevard).

Listed by Chad Lund | BRE #00998185 | Douglas Elliman of California,
Co-listed by Brian Noh | BRE #01438155 | Nohco Real Estate

Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft: 6,500
HOA Dues: $0/mo
Year built: 1950
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19424466
City: Los Angeles
County: Los Angeles
Time on Site: 1222 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,950

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,950

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,250

Unit Breakdown 4

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,596
Total Rent: $1,596
Pro Forma/Market Rent: $2,250

Unit Breakdown 5

# of Units: 5
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,214
Total Rent: $2,214
Pro Forma/Market Rent: $2,950

Unit Breakdown 6

# of Units: 6
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,950

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.3%
Gross Rent Multiplier: 15.62
Gross Scheduled Income: --
Net Operating Income: $120,097
Gross Operating Income: $178,939
Improvements Total: $94,827

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 10622 Eastborne Ave

Interior Features

Cooling Information

No Cooling
None

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Concrete

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 6
Parcel Number: 4326034005

Location / Neighborhood

Location Information

Directions: North of Santa Monica Blvd., East of Manning Avenue, West of Beverly Glen

View more facts & features

Local Los Angeles Agent

Sale History for 10622 Eastborne Ave

Last sold for $2,800,000 on March 29th, 2019

April, 2019
Apr 2, 2019

Date

Sold

CRMLS: 19424466

$2,800,000

Price
Feb 14, 2019

Date

Pending

CRMLS: 19424466

$2,795,000

Price
Jan 22, 2019

Date

Active

CRMLS: 19424466

$2,795,000

Price
March, 2019
Mar 29, 2019

Date

Sold (Public Records)

Public Records

$2,800,000

Price
November, 2018
Nov 1, 2018

Date

Expired

CRMLS: 18363372

$2,950,000

Price
Aug 15, 2018

Date

Price Change

CRMLS: 18363372

$2,950,000

Price
Jul 11, 2018

Date

Active

CRMLS: 18363372

$3,295,000

Price
Listing provided courtesy of CRMLS

Attention Investors and Developers! Rare opportunity, family-owned & first time on the market in 60 years! Prime mid-block North of Santa Monica Blvd. 6-unit 2-story income property consisting of 4 -2 bed/1 bath units and 2-1 bed/1bath units. Charming traditional style with 4 units delivered vacant. Enter landscaped walkway to each unit's front door. 4 separate garages with 4 additional driveway parking spaces & 2 additional parking spaces behind the property. Common area patio behind building. On site community laundry room. Ready for remodel and/or possible development opportunity. Take advantage of this unique offering close to Century City, retail and world class restaurants.

Continue Reading
May, 2010
May 19, 2010

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 10622 Eastborne Ave

Assessed Value (2020): $2,856,200

Year	Land Value	Improved Value	Assessed Value
2020	$1,836,000	$1,020,200	$2,856,200

Home Value Compared to the Market

This property vs the competition

10622 Eastborne Ave sold on March 29, 2019 for 134.87% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $561.36 per/sqft which puts the price per square foot 25.65% lower than the current median sale per square foot for the city of Los Angeles.

About 10622 Eastborne Ave

Detailed summary of property

10622 Eastborne Ave is a multi family that recently sold in Los Angeles, CA 90024. This multi family property offered 35 bedrooms, 21 bathrooms, roughly 4,979 living square feet, and sits on an approximately 6,500 square foot lot. 10622 Eastborne Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 134.87% higher than the current median priced home. Local homes that are currently for sale include 3757 Veteran Ave, 3754 Vinton Ave and 1508 S Durango Ave. While the average home in Los Angeles, CA is selling in 92 days, 10622 Eastborne Ave has a days on market of 22 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 10622 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 10622 Eastborne Ave

Public county record property details

Beds: --
Baths: --
Year built: 1950
Sq. Ft.: 4,979
Lot Size: 6,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 4326-034-005

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

$1,449,000

Median List Price/Sq.Ft.

$856

Median Sold Price

$1,250,000

Median Sold Price/Sq.Ft.

$745

Total Inventory

165

Median Sale to List Price %

96.53%

Avg Days on Market

Loan Type

Conventional (6.06%), FHA (0%), VA (0%), Cash (12.12%), Other (6.06%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 10622 Eastborne Ave

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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.