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11423 Ohio Ave, Los Angeles, CA 90025
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11423 Ohio Ave Los Angeles, CA 90025

$6,500,000 Sold Price as of 01/06/2022
  • 28 Beds
  • 16 Baths
  • 12,123 Sq.Ft.
Sold
$6,500,000 Sold Price as of 01/06/2022 Refinance Your Mortgage
Map preview of 11423 Ohio Ave, Los Angeles, CA 90025

Property Overview: 11423 Ohio Ave Los Angeles, CA has 28 bedrooms, 16 bathrooms, 12,123 living square feet and 15,609 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offered to the market for the first time in 50 years, this prominently located, mid-century building features a secured courtyard with a pool, an intercom, mature landscaping, private patios or balconies for every unit, as well as abundant carport or garage parking. The excellent unit mix consists of 75% two-bedroom apartments and 25% one-bedroom apartments. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, the Property features two garages which may allow for ADU potential to increase the number of units.

Listed by Bryan Glenn | BRE #01441095 | Kidder Mathews of California, Inc.
Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
15,609
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21794014
City
Los Angeles
County
Los Angeles
Time on Site
1074 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $7,180
  • Pro Forma/Market Rent: $7,180
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,066
  • Total Rent: $24,797
  • Pro Forma/Market Rent: $24,797
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.65
  • Gross Scheduled Income: --
  • Net Operating Income: $208,784
  • Gross Operating Income: $372,784
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11423 Ohio Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher
Exterior Features
Exterior Features
  • Pool Features: In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 26
  • Has Parking
  • Parking Features: Carport, Garage
Property Information
  • Total # of Units: 16
  • Parcel Number: 4263016020
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Boulevard, west of Sepulveda Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 11423 Ohio Ave

Last sold for $6,500,000 on January 6th, 2022

  • October, 2021

  • Oct 11, 2021

    Date

    Active

    CRMLS: 21794014

    $6,400,000

    Price

Tax History for 11423 Ohio Ave

Assessed Value (2020): $626,322
Year Land Value Improved Value Assessed Value
2020 $291,420 $334,902 $626,322

Home Value Compared to the Market

This property vs the competition

11423 Ohio Ave sold on January 6, 2022 for 471.43% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $527.92 per/sqft which puts the price per square foot 27.08% lower than the current median sale per square foot for the city of Los Angeles.

About 11423 Ohio Ave

Detailed summary of property

11423 Ohio Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 28 bedrooms, 16 bathrooms, roughly 12,123 living square feet, and sits on an approximately 15,609 square foot lot. 11423 Ohio Ave was first listed on ArdentRealEstateGroup.com on October 11, 2021. The homeowner sold the property for $6,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 471.43% higher than the current median priced home. Local homes that are currently for sale include 3018 W 67th St, 3756 Raymond Ave and 201 N Normandie Ave. While the average home in Los Angeles, CA is selling in 106 days, 11423 Ohio Ave has a days on market of 16 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 11423 Ohio Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11423 Ohio Ave

Public county record property details
Beds
--
Baths
16
Year built
1960
Sq. Ft.
12,123
Lot Size
15,609
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
14-16
APN
4263-016-020

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,234,999
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,151,000
Median Sold Price/Sq.Ft.
$714
Total Inventory
120
Median Sale to List Price %
97.96%
Avg Days on Market
23
Loan Type
Conventional (13.79%), FHA (0%), VA (0%), Cash (20.69%), Other (10.34%)

Thinking of Selling?

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(714) 706-1823

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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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