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1169 Amherst Ave, Los Angeles, CA 90049
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1169 Amherst Ave Los Angeles, CA 90049

$2,850,000 Sold Price as of 11/16/2021
  • 9 Beds
  • 5 Baths
  • 4,448 Sq.Ft.
Sold
$2,850,000 Sold Price as of 11/16/2021 Refinance Your Mortgage
Map preview of 1169 Amherst Ave, Los Angeles, CA 90049

Property Overview: 1169 Amherst Ave Los Angeles, CA has 9 bedrooms, 5 bathrooms, 4,448 living square feet and 5,640 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The five-unit apartment building features 4,448 square feet of rentable area situated on a 5,640-squarefoot lot. The property is composed of one one-bedroom/one-bathroom unit and four two-bedroom/one-bathroom units. In addition the building has been well maintained and offers on-site parking and laundry facilities for tenants.

Listed by Tony Azzi | BRE #00910513 | Tony Azzi
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,640
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21101011
City
Los Angeles
County
Los Angeles
Time on Site
928 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,559
  • Total Rent: $10,235
  • Pro Forma/Market Rent: $12,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.92
  • Gross Scheduled Income: --
  • Net Operating Income: $90,323
  • Gross Operating Income: $148,012
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1169 Amherst Ave

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 5
  • Parcel Number: 4264026010
Location / Neighborhood
Location Information
  • Directions: The property is located in the highly affluent Brentwood neighborhood. This location represents one of the strongest rental submarkets in Southern California. Residents have ideal proximity to thousands of high-paying jobs, myriad entertainment venues, cultural destinations, and some of Californias best beaches.
View more facts & features

Local Los Angeles Agent

Sale History for 1169 Amherst Ave

Last sold for $2,850,000 on November 16th, 2021

  • November, 2021

  • Nov 16, 2021

    Date

    Sold

    CRMLS: 21101011

    $2,850,000

    Price

  • Oct 31, 2021

    Date

    Active

    CRMLS: 21101011

    $2,695,000

    Price

Tax History for 1169 Amherst Ave

Assessed Value (2020): $562,207
Year Land Value Improved Value Assessed Value
2020 $313,900 $248,307 $562,207

Home Value Compared to the Market

This property vs the competition

1169 Amherst Ave sold on November 16, 2021 for 126.47% 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 $605.89 per/sqft which puts the price per square foot 19.75% lower than the current median sale per square foot for the city of Los Angeles.

About 1169 Amherst Ave

Detailed summary of property

1169 Amherst Ave is a multi family that recently sold in Los Angeles, CA 90049. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,448 living square feet, and sits on an approximately 5,640 square foot lot. 1169 Amherst Ave was first listed on ArdentRealEstateGroup.com on November 1, 2021. The homeowner sold the property for $2,850,000. 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 126.47% higher than the current median priced home. Local homes that are currently for sale include 3709 S Bentley Ave, 4057 Beethoven St and 3344 Keystone Ave. While the average home in Los Angeles, CA is selling in 94 days, 1169 Amherst Ave has a days on market of 15 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1169 Amherst Ave Los Angeles, CA 90049 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1169 Amherst Ave

Public county record property details
Beds
9
Baths
5
Year built
1950
Sq. Ft.
4,448
Lot Size
5,640
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
4264-026-010

The source for these homes facts are from public records.

90049 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,698,000
Median List Price/Sq.Ft.
$1,152
Median Sold Price
$2,150,000
Median Sold Price/Sq.Ft.
$913
Total Inventory
199
Median Sale to List Price %
97.95%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (7.41%)

Thinking of Selling?

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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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