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1121 5Th Ave, Los Angeles, CA 90019
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1121 5Th Ave Los Angeles, CA 90019

$2,450,000
  • 7 Beds
  • 2 Baths
  • 14,192 Sq.Ft.
For Sale
$2,450,000 Get Pre-Qualified
Map preview of 1121 5Th Ave, Los Angeles, CA 90019

Property Overview: 1121 5Th Ave Los Angeles, CA has 7 bedrooms, 2 bathrooms, 14,192 living square feet and 14,196 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: First time on the market in over 25 years. Welcome to 1121 5th Ave, Los Angeles CA 90019. This Property is absolutely stunning, and a great opportunity to enjoy passive income. In addition.. it is zoned LARD1.5, which enables the new owner to build up to 9 units and 2 ADUs ( verified with Building and Safety ) sitting on a huge lot. HOT AREA for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. The Tenants are paying well below market rent.

Listed by Alan Cruz | BRE #01518829 | Klovus Realty
Last checked: 8 minutes ago | Last updated: March 31st, 2024 | Source CRMLS | DOM: 99
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Home details

Lot Sq. Ft
14,196
HOA Dues
$0/mo
Year built
1948
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
PW24011677
City
Los Angeles
County
Los Angeles
Time on Site
105 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $60,600
  • Net Operating Income: $49,143
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,457
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,500
  • Water/Sewer: $0

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Property Details for 1121 5Th Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5081009014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between Olympic and Pico near Crenshaw
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1121 5Th Ave

Last sold on October 3rd, 2003

  • January, 2024

  • Jan 18, 2024

    Date

    Active

    CRMLS: PW24011677

    $2,450,000

    Price

  • February, 2023

  • Feb 6, 2023

    Date

    Canceled

    CRMLS: RS22246834

    $2,500,000

    Price

  • Nov 26, 2022

    Date

    Active

    CRMLS: RS22246834

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2003

  • Oct 3, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 1994

  • Nov 14, 1994

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

Show More

Tax History for 1121 5Th Ave

Assessed Value (2020): $383,947
Year Land Value Improved Value Assessed Value
2020 $230,372 $153,575 $383,947

Home Value Compared to the Market

This property vs the competition

1121 5Th Ave is listed 100% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $172.63 per/sqft which puts the price per square foot 77.7% lower than the median price per square foot for the city of Los Angeles.

About 1121 5Th Ave

Detailed summary of property

1121 5Th Ave is a triplex located in Los Angeles, CA 90019 and is currently for sale. This triplex offers 7 bedrooms, 2 bathrooms, roughly 14,192 living square feet, and sits on an approximately 14,196 square foot lot. 1121 5Th Ave was first listed on ArdentRealEstateGroup.com on January 19, 2024. The homeowner is currently asking $2,450,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 100% higher than the median priced home. Local competing homes currently for sale include 1415 S St Andrews Pl, 826 S Gramercy Pl and 2203 4th Ave. While the average home in Los Angeles, CA is selling in 96 days, 1121 5Th Ave has a days on market of 99 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1121 5Th 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 1121 5Th Ave

Public county record property details
Beds
6
Baths
6
Year built
1948
Sq. Ft.
4,669
Lot Size
14,192
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
105,106
APN
5081-009-014

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
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Homes for Sale Near 1121 5Th 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.

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