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11902 Gorham Ave, Los Angeles, CA 90049
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11902 Gorham Ave Los Angeles, CA 90049

$5,797,000 Sold Price as of 12/15/2020
  • 3041 Beds
  • 2738 Baths
  • 10,861 Sq.Ft.
Sold
$5,797,000 Sold Price as of 12/15/2020 Refinance Your Mortgage
Map preview of 11902 Gorham Ave, Los Angeles, CA 90049

Property Overview: 11902 Gorham Ave Los Angeles, CA has 3041 bedrooms, 2738 bathrooms, 10,861 living square feet and 7,513 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Extraordinary value add investment in prime Brentwood! Ability to raise rents by 31%! Valued at $6.3M but selling for only $5,797,000. Walking distance to Brentwood Country Club. Bike riding distance to Santa Monica Beach. Building has 10 large units, all with balconies & separately metered for gas/electrical. Four large 1 bedroom units, four 2 bedroom/2 bath units. PLUS Penthouse suite has 3 bedrooms/2 baths with extra-large terrace, wet bar, fireplace, high ceilings, sky lights, central air, private laundry & area for private home gym/office. 2nd Penthouse Suite has large 1 bedroom w/huge private terrace & fireplace. Great Value Add & legacy investment by raising rents, remodeling remaining 5 units & doing exterior upgrades. 5 units have been remodeled w/central AC/heat, beautiful flooring, remodeled baths & kitchens. Great owner user building because owner can occupy Penthouse w/ 3 bedroom/2 baths.

Listed by Hector Padilla | BRE #01297965 | Success With Integrity Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
7,513
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20636094
City
Los Angeles
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 101
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,570
  • Total Rent: $2,570
  • Pro Forma/Market Rent: $2,758
Unit Breakdown 2
  • # of Units: 303
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,300
  • Total Rent: $5,300
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 3
  • # of Units: 102
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,086
  • Total Rent: $2,086
  • Pro Forma/Market Rent: $3,534
Unit Breakdown 4
  • # of Units: 103
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,289
  • Total Rent: $2,289
  • Pro Forma/Market Rent: $3,534
Unit Breakdown 5
  • # of Units: 104
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,860
  • Total Rent: $1,860
  • Pro Forma/Market Rent: $2,758
Unit Breakdown 6
  • # of Units: 201
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,735
  • Total Rent: $1,735
  • Pro Forma/Market Rent: $2,758
Unit Breakdown 7
  • # of Units: 202
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,289
  • Total Rent: $2,289
  • Pro Forma/Market Rent: $3,534
Unit Breakdown 8
  • # of Units: 203
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,534
  • Total Rent: $3,534
  • Pro Forma/Market Rent: $3,534
Unit Breakdown 9
  • # of Units: 204
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,758
  • Total Rent: $2,758
  • Pro Forma/Market Rent: $2,758
Unit Breakdown 10
  • # of Units: 302
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,554
  • Total Rent: $2,554
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.5
  • Gross Scheduled Income: --
  • Net Operating Income: $262,872
  • Gross Operating Income: $342,706
  • Laundry Income: $250
  • Other Income 1: $279
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11902 Gorham Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Fireplace(s)
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Tandem Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 10
  • Parcel Number: 4265020041
Location / Neighborhood
Location Information
  • Directions: Corner of Westgate & Gorham
View more facts & features

Local Los Angeles Agent

Sale History for 11902 Gorham Ave

Last sold on February 18th, 2021

  • January, 2022

  • Jan 22, 2022

    Date

    Expired

    CRMLS: 21109788

    $7,000

    Price

  • Dec 3, 2021

    Date

    Active

    CRMLS: 21109788

    $7,500

    Price

  • Listing provided courtesy of CRMLS

    Prime Brentwood Location; Unique Gorgeous Penthouse Suite with HUGE Private Terrace that feels like a large yard with Mountain Views. This unit is like a single family home on the top floor with a grassy yard . Penthouse consist of: 3 Bedrooms, 2 Baths, HIGH Ceilings, OPEN Floor Plan, Recessed Lighting, Central AC/Heat, Beautiful Flooring, Remodeled Baths & Kitchen, Private Laundry Room, Fire Place, Wet Bar, BBQ Area, extra private Room that can be used as a gym or Home Office, Private Elevator for this unit only, parking for 2 cars and private bike storage. Seconds to Whole Foods, Starbucks & restaurants! Bike riding distance to Santa Monica Beach. A must see to appreciate. Call for a private showing.

  • February, 2021

  • Feb 18, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2021

  • Feb 2, 2021

    Date

    Leased

    CRMLS: 21685816

    $5,500

    Price

  • Jan 27, 2021

    Date

    Active

    CRMLS: 21685816

    $5,500

    Price

  • Listing provided courtesy of CRMLS

    Prime Brentwood Location; Gorgeous Penthouse Suite with HUGE Private Terrace & Mountain Views. This unit is like a single family home on the top floor with a yard with a grassy area. Penthouse consist of: 3 Bedrooms, 2 Baths, HIGH Ceilings, OPEN Floor Plan, Recessed Lighting, Central AC/Heat, Beautiful Flooring, Remodeled Baths & Kitchen, Private Laundry Room, Fire Place, Wet Bar, BBQ Area, Private Storage Room, Home Office, Private Elevator for Penthouse only, parking for 2 cars and private bike storage. Approx 2000 sq ft. Seconds to Whole Foods, Starbucks & restaurants! Bike riding distance to Santa Monica Beach. A must see to appreciate. Call for a private showing.

  • December, 2020

  • Dec 16, 2020

    Date

    Sold

    CRMLS: 20636094

    $5,797,000

    Price

  • Oct 17, 2020

    Date

    Pending

    CRMLS: 20636094

    $5,797,000

    Price

  • Oct 2, 2020

    Date

    Active Under Contract

    CRMLS: 20636094

    $5,797,000

    Price

  • Sep 23, 2020

    Date

    Active

    CRMLS: 20636094

    $5,797,000

    Price

  • December, 2020

  • Dec 15, 2020

    Date

    Sold (Public Records)

    Public Records

    $5,797,000

    Price

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: 20567140

    $6,197,000

    Price

  • Sep 9, 2020

    Date

    Withdrawn

    CRMLS: 20567140

    $6,197,000

    Price

  • Sep 5, 2020

    Date

    Price Change

    CRMLS: 20567140

    $6,197,000

    Price

  • Apr 23, 2020

    Date

    Price Change

    CRMLS: 20567140

    $5,997,000

    Price

  • Mar 27, 2020

    Date

    Active

    CRMLS: 20567140

    $6,197,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2018

  • Mar 13, 2018

    Date

    Expired

    CRMLS: 17269442

    $6,197,000

    Price

  • Sep 30, 2017

    Date

    Withdrawn

    CRMLS: 17269442

    $6,197,000

    Price

  • Sep 13, 2017

    Date

    Active

    CRMLS: 17269442

    $6,197,000

    Price

  • Listing provided courtesy of CRMLS

    AGENTS PLEASE SEE PRIVATE REMARKS: Prime Brentwood Location! Walking distance to Brentwood Country Club. Bike riding distance to Santa Monica Beach. Building has four large 1 bedroom units, four 2 bedroom/2 bath units, 1 bedroom Penthouse Suite w/ huge terrace & 2nd Penthouse suite has 3 bedrooms/2 baths. All units have great balconies. Excellent Value Add Investment; still room to raise rents by 30% on 7 units, remodel 5 units & remodel exterior. Penthouses have NO rent control. Only 5 units have been remodeled w/central AC/heat, beautiful flooring, remodeled baths & kitchens. Great owner user building because owner can occupy Penthouse w/ 3 bedroom/2 baths, private laundry room, open floor plan, fire place, wet bar, huge terrace with mountain views, private storage room & private elevator. Seller is looking for a seasoned investor that is easy to work with.

  • March, 2018

  • Mar 12, 2018

    Date

    Leased

    CRMLS: 18320126

    $5,300

    Price

  • Mar 6, 2018

    Date

    Active

    CRMLS: 18320126

    $5,197

    Price

  • Listing provided courtesy of CRMLS

    Prime Brentwood Location; walking distance to Whole Foods, Starbucks & restaurants! Bike riding distance to Santa Monica Beach. Gorgeous Penthouse Suite with HUGE Private Terrace & Mountain Views. Penthouse consist of: 3 Bedrooms, 2 Baths, HIGH Ceilings, OPEN Floor Plan, Recessed Lighting, Central AC/heat, Beautiful Flooring, Remodeled Baths & Kitchen, Private Laundry Room, Fire Place, Wet Bar, BBQ Area, Private Storage Room, Home Office, Private Elevator for Penthouse only, parking for 2 cars and private bike storage. Approx 1900 sq ft. Call for a private showing. AGENTS SEE PRIVATE REMARKS

  • September, 2017

  • Sep 21, 2017

    Date

    Leased

    CRMLS: 17268280

    $3,300

    Price

  • Sep 8, 2017

    Date

    Active

    CRMLS: 17268280

    $3,487

    Price

  • Listing provided courtesy of CRMLS

    Elegantly appointed 2 bed 2 bath unit on 2nd floor for lease in Brentwood with a large balcony. Sunny open spaces with ambient recessed lighting,wood floors. A/C System, A stylishly efficient dine-in kitchen will inspire your culinary talents with premium appliances, gray-tone custom cabinets, pendant lighting, modern chandelier and an extensive use of glass that admits ample natural light. Spacious bedroom with generous layout, soothing color palate and tons of closet space. The contemporary style bathrooms show off with elegant finishes. 2 compact cars parking Nearby schools include Brentwood Science Elementary School, University Senior High School and Brockton Avenue Elementary, with nearby grocers including Whole Foods Market, My Fit Foods and Vicente Foods. Enjoy a good cup of coffee at Peet's Coffee, Coffee Bean, Alfred Coffee, or lunch at Pizzana, Toscana or Baltaires. No elevator access. AGENTS PLEASE SEE PRIVATE REMARKS.

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Tax History for 11902 Gorham Ave

Assessed Value (2020): $4,597,908
Year Land Value Improved Value Assessed Value
2020 $2,802,237 $1,795,671 $4,597,908

Home Value Compared to the Market

This property vs the competition

11902 Gorham Ave sold on December 15, 2020 for 387.14% 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 $533.74 per/sqft which puts the price per square foot 29.31% lower than the current median sale per square foot for the city of Los Angeles.

About 11902 Gorham Ave

Detailed summary of property

11902 Gorham Ave is a multi family that recently sold in Los Angeles, CA 90049. This multi family property offered 3041 bedrooms, 2738 bathrooms, roughly 10,861 living square feet, and sits on an approximately 7,513 square foot lot. 11902 Gorham Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $5,797,000. 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 387.14% higher than the current median priced home. Local homes that are currently for sale include 1015 N Croft Ave, 7815 Melrose Ave and 7113-7107 La Tijera Blvd. While the average home in Los Angeles, CA is selling in 94 days, 11902 Gorham Ave has a days on market of 9 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 11902 Gorham 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 11902 Gorham Ave

Public county record property details
Beds
15
Baths
15
Year built
1966
Sq. Ft.
10,861
Lot Size
7,512
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
4265-020-041

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
$3,675,000
Median List Price/Sq.Ft.
$1,061
Median Sold Price
$2,150,000
Median Sold Price/Sq.Ft.
$913
Total Inventory
194
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%)

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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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