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120 S Boyle Ave, Los Angeles, CA 90033
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120 S Boyle Ave Los Angeles, CA 90033

$2,725,000 Sold Price as of 08/27/2019
  • 16 Beds
  • 16 Baths
  • 10,104 Sq.Ft.
Sold
$2,725,000 Sold Price as of 08/27/2019 Refinance Your Mortgage
Map preview of 120 S Boyle Ave, Los Angeles, CA 90033

Property Overview: 120 S Boyle Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 10,104 living square feet and 10,530 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 120 S Boyle Avenue is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi Plaza/Boyle Heights Station Metro Gold Line. The location of 120 S Boyle Avenue offers tenants a short drive down 1st Street to the Arts District in Downtown Los Angeles and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This is perfect for any investor looking to capture the 75% upside in rents the property possesses and enjoy rapid appreciation as this area continues to improve and gentrify.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investmen
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
10,530
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19480592
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $932
  • Total Rent: $11,184
  • Pro Forma/Market Rent: $19,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,202
  • Total Rent: $2,404
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $623
  • Total Rent: $1,246
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.14%
  • Gross Rent Multiplier: 15.17
  • Gross Scheduled Income: --
  • Net Operating Income: $84,875
  • Gross Operating Income: $172,668
  • Improvements Total: $1,200,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 120 S Boyle Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 16
  • Parcel Number: 5174018023
Location / Neighborhood
Location Information
  • Directions: Corner of 1st Street and Boyle Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 120 S Boyle Ave

Last sold for $2,725,000 on August 27th, 2019

  • August, 2019

  • Aug 28, 2019

    Date

    Sold

    CRMLS: 19480592

    $2,725,000

    Price

  • Jul 1, 2019

    Date

    Pending

    CRMLS: 19480592

    $2,700,000

    Price

  • Jun 21, 2019

    Date

    Active

    CRMLS: 19480592

    $2,700,000

    Price

  • August, 2019

  • Aug 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,725,000

    Price

  • November, 2016

  • Nov 10, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,525,000

    Price

Show More

Tax History for 120 S Boyle Ave

Assessed Value (2020): $2,728,700
Year Land Value Improved Value Assessed Value
2020 $1,425,000 $1,303,700 $2,728,700

Home Value Compared to the Market

This property vs the competition

120 S Boyle Ave sold on August 27, 2019 for 126.89% 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 $267.22 per/sqft which puts the price per square foot 64.61% lower than the current median sale per square foot for the city of Los Angeles.

About 120 S Boyle Ave

Detailed summary of property

120 S Boyle Ave is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 10,104 living square feet, and sits on an approximately 10,530 square foot lot. 120 S Boyle Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,725,000. 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 126.89% higher than the current median priced home. Local homes that are currently for sale include 1801 W 5th St, 2021 Miramar St and 1402 Allesandro St. While the average home in Los Angeles, CA is selling in 92 days, 120 S Boyle Ave has a days on market of 36 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 Boyle Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 120 S Boyle Ave

Public county record property details
Beds
7
Baths
16
Year built
1965
Sq. Ft.
10,104
Lot Size
10,530
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,8
APN
5174-018-023

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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