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120 S Avenue 64, Los Angeles, CA 90042
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120 S Avenue 64 Los Angeles, CA 90042

$2,872,698 Sold Price as of 05/02/2024
  • 6 Beds
  • 7 Baths
  • 4,371 Sq.Ft.
Sold
$2,872,698 Sold Price as of 05/02/2024 Refinance Your Mortgage
Map preview of 120 S Avenue 64, Los Angeles, CA 90042

Property Overview: 120 S Avenue 64 Los Angeles, CA has 6 bedrooms, 7 bathrooms, 4,371 living square feet and 6,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Extraordinary Investment Opportunity for Thrilling Mixed-Use Ownership with Limitless Potential. Brace yourself for this captivating Victorian treasure, meticulously reenergized and reimagined by acclaimed interior designer Joshua Cain. Tucked within the vibrant Highland Park HPOZ, a hub buzzing with LA's trendiest retail hotspots. Among the six existing units, the ground floor hosts 2 radiant commercial spaces, tailor-made for bustling retail activity or a dynamic office setup. Currently home to a thriving medi spa and a hair salon, this area is a playground for innovation, ready to accommodate legal practices, art studios, boutique ventures, and beyond. As if that's not enough, there are four rental units that can remain residential or turned into office space. This meticulously refurbished late 19th-century gem beckons both daring owner-occupiers and astute investors to seize an extraordinary opportunity in the coveted Highland Park scene. With an investment of approximately $1.5 million, this restoration project has infused the property with unparalleled value and quality. As mentioned this property boasts two dynamic commercial units. Coupled with these are four residential apartments: two inviting studio bedroom units, and two airy three-bedroom units which can be used as a 30 day+ Airbnb immediately. A triumphant transformation has revitalized these residential units, breathing new life into their very core. All units can be delivered vacant at COE. Additionally, commercial tenants and occupants of the studio-bedroom units are open to staying after COE, adding more appeal to this amazing investment. The adjacent parking lot address 116 S. Ave. 64, APN - 5492036032 is included in this sale.

Listed by Marisa Tranquilli | BRE #01496558 | Keller Williams Larchmont
Last checked: 2 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
6,007
HOA Dues
$0/mo
Year built
1900
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24348293
City
Los Angeles
County
Los Angeles
Time on Site
121 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.28%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $119,065
  • Gross Operating Income: $181,020
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 120 S Avenue 64

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5492036031
  • Architectural Style: Victorian
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps, Apple Maps
View more facts & features

Local Los Angeles Agent

Sale History for 120 S Avenue 64

Last sold for $2,872,698 on May 2nd, 2024

  • May, 2024

  • May 2, 2024

    Date

    Sold

    CRMLS: 24348293

    $2,872,698

    Price

  • Jan 15, 2024

    Date

    Active

    CRMLS: 24348293

    $3,100,000

    Price

  • September, 2023

  • Sep 24, 2023

    Date

    Canceled

    CRMLS: 23281367

    $2,249,000

    Price

  • Aug 10, 2023

    Date

    Active

    CRMLS: 23281367

    $2,249,000

    Price

  • Listing provided courtesy of CRMLS

    Extraordinary Investment Opportunity for Thrilling Mixed-Use Ownership with Limitless Potential. Brace yourself for this captivating Victorian treasure, meticulously reenergized and reimagined by acclaimed interior designer Joshua Cain. Tucked within the vibrant Highland Park HPOZ, a hub buzzing with LA's trendiest retail hotspots. Among the six existing units, the ground floor hosts 2 radiant commercial spaces, tailor-made for bustling retail activity or a dynamic office setup. Currently home to a thriving medi spa and a hair salon, this area is a playground for innovation, ready to accommodate legal practices, art studios, boutique ventures, and beyond. As if that's not enough, there are four rental units that can remain residential or turned into office space. This meticulously refurbished late 19th-century gem beckons both daring owner-occupiers and astute investors to seize an extraordinary opportunity in the coveted Highland Park scene. With an investment of approximately $1.5 million, this restoration project has infused the property with unparalleled value and quality. As mentioned this property boasts two dynamic commercial units. Coupled with these are four residential apartments: two inviting studio bedroom units, one spacious two-bedroom unit, and an airy three-bedroom unit. A triumphant transformation has revitalized three of these residential units, breathing new life into their very core. While the three-bedroom unit is currently used as a 30 day + short term Airbnb, the two-bedroom unit eagerly awaits its sensational renovation journey. For flexibility, the 2 commercial spaces and single-bedroom units, along with the three-bedroom unit, can be made vacant at COE. The two-bedroom unit will be delivered vacant by October 14th or maybe sooner and has the potential to be converted to a 3 bed 2 bath unit. Additionally, commercial tenants and occupants of the studio-bedroom units are open to staying after COE, adding more appeal to this amazing investment. More information is found in the document section. Also the adjacent lot has also just been put on the market and can be used for additional parking or to build a 4 story, 4 unit townhome development with roof top decks and private garages. Please see listing MLS #23-280863 where you can access the full architectural plans for these townhomes in the documents section. Please do not disturb the tenants. Contact listing agent for showings.

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Tax History for 120 S Avenue 64

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

120 S Avenue 64 sold on May 2, 2024 for 160.5% 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 $709.22 per/sqft which puts the price per square foot 6.06% lower than the current median sale per square foot for the city of Los Angeles.

About 120 S Avenue 64

Detailed summary of property

120 S Avenue 64 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 6 bedrooms, 7 bathrooms, roughly 4,371 living square feet, and sits on an approximately 6,007 square foot lot. 120 S Avenue 64 was first listed on ArdentRealEstateGroup.com on January 18, 2024. The homeowner sold the property for $2,872,698. 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 160.5% higher than the current median priced home. Local homes that are currently for sale include 2342 Cove Ave, 1445 Calumet Ave and 907 Glendale Blvd. While the average home in Los Angeles, CA is selling in 92 days, 120 S Avenue 64 has a days on market of 2 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 120 S Avenue 64 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 120 S Avenue 64

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,089,000
Median List Price/Sq.Ft.
$748
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
94
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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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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