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1138 Cardiff Ave, Los Angeles, CA 90035
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1138 Cardiff Ave Los Angeles, CA 90035

$2,400,000
  • 9 Beds
  • 9 Baths
  • 6,338 Sq.Ft.
For Sale
$2,400,000 Get Pre-Qualified
Map preview of 1138 Cardiff Ave, Los Angeles, CA 90035

Property Overview: 1138 Cardiff Ave Los Angeles, CA has 9 bedrooms, 9 bathrooms, 6,338 living square feet and 6,076 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: Fantastic 7-unit investment property located in Los Angeles, directly adjacent to Beverly Hills. The building features 7 units and 6,338 square feet of living area in total, with (5) 1-bed / 1-bath units & (2) 2-bed / 2-bath units. The building also includes a community laundry area and parking for up to 6 vehicles. Additionally, the soft story retrofit has been completed and earthquake gas shut off valves have already been installed. 1138 Cardiff Ave provides savvy investors the opportunity to capitalize on over 45% upside on the current rents. Offered at a competitive basis, this property is nestled in one of the highest demand pockets of the Pico-Robertson neighborhood, directly adjacent to prime Beverly Hills.

Listed by Jake Glaser | BRE #02128816 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Michael Monempour | BRE #01996829 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 12 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
6,076
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389431
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,257
  • Total Rent: $2,257
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,394
  • Total Rent: $1,394
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,883
  • Total Rent: $1,883
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,882
  • Total Rent: $1,882
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,986
  • Total Rent: $1,986
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,893
  • Total Rent: $1,893
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,276
  • Total Rent: $1,276
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.64%
  • Gross Rent Multiplier: 15.75
  • Gross Scheduled Income: --
  • Net Operating Income: $87,435
  • Gross Operating Income: $147,776
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1138 Cardiff Ave

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Property Details for 1138 Cardiff Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Covered, Concrete
Property Information
  • Total # of Units: 7
  • Parcel Number: 4332002015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Cardiff Ave just north of Pico Blvd. One block South of Beverly Hills City limits.
View more facts & features

Local Los Angeles Agent

Sale History for 1138 Cardiff Ave

Last sold on May 21st, 2015

  • May, 2024

  • May 8, 2024

    Date

    Active

    CRMLS: 24389431

    $2,400,000

    Price

  • May, 2015

  • May 21, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2007

  • Aug 1, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1138 Cardiff Ave

Assessed Value (2020): $507,395
Year Land Value Improved Value Assessed Value
2020 $234,021 $273,374 $507,395

Home Value Compared to the Market

This property vs the competition

1138 Cardiff Ave is listed 92% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $378.67 per/sqft which puts the price per square foot 51.27% lower than the median price per square foot for the city of Los Angeles.

About 1138 Cardiff Ave

Detailed summary of property

1138 Cardiff Ave is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 9 bedrooms, 9 bathrooms, roughly 6,338 living square feet, and sits on an approximately 6,076 square foot lot. 1138 Cardiff Ave was first listed on ArdentRealEstateGroup.com on May 8, 2024. The homeowner is currently asking $2,400,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 92% higher than the median priced home. Local competing homes currently for sale include 1125 Hi Point St, 2615 Chariton St and 2621 Chariton St. While the average home in Los Angeles, CA is selling in 92 days, 1138 Cardiff Ave has a days on market of 10 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 1138 Cardiff Ave Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1138 Cardiff Ave

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
6,338
Lot Size
6,074
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1041
APN
4332-002-015

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$784
Median Sold Price
$1,465,000
Median Sold Price/Sq.Ft.
$843
Total Inventory
59
Median Sale to List Price %
104.64%
Avg Days on Market
35
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (23.08%), Other (7.69%)

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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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