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12042 Sylvester St, Los Angeles, CA 90066
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12042 Sylvester St Los Angeles, CA 90066

$1,850,000 Sold Price as of 08/18/2023
  • 6 Beds
  • 4 Baths
  • 2,449 Sq.Ft.
Sold
$1,850,000 Sold Price as of 08/18/2023 Refinance Your Mortgage
Map preview of 12042 Sylvester St, Los Angeles, CA 90066

Property Overview: 12042 Sylvester St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,449 living square feet and 5,978 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OWNER USER PROPERTY - All 3 units remodeled and can be delivered vacant or with mid term tenants. Presently rented as mid term (Executive) furnished rentals for $4,500-4,800/month each. Both downstairs units have HUGE PRIVATE YARDS, upstairs unit has private large deck. All units have their own laundry and separate utility meters. Garages currently being used by owners and will be delivered vacant. One garage is being used as a second bedroom for 1 bedroom unit. Roof and skylights less than 2 yrs old with additional 2 inch insulation, all new dual pane PVC Windows and sliding doors, Unit 42 extensively remodeled within the last year with high end finishes including 3 New Split AC units, Tankless Water Heater, upgraded electrical and plumbing, insulation, canned lights, top of the line Samsung Appliances, LG WashTower laundry, marble counter tops, mother of pearl penny tile in bathroom, high end gold fixtures, new top quality cabinets, Kitchen has Alkaline water purifier and opens to a large patio and yard filled with hand picked Hybrid long stem Roses, jasmine and gardenias. Fruit trees include Mango, Guava, Avocado (2), Myer Lemon (2), apple and tangerine. New irrigation system in both back yard and front yard fruit trees. New DG in front yard. 42 yard has landscaping and patio lighting. This is a one of a kind opportunity to purchase a beautiful home (nobody above owner's unit) and 2 rental units on a quiet street in a convenient location close to everything in LA. Sunday Farmers Market and many cafe's/restaurants in the neighborhood. Property can be sold furnished (with some exclusions.) New owner can choose to rent long term or continue furnished rentals at higher rates. This is a turn key property for those who are interested in the mid term rental market. Owners have lovingly maintained property. Appliances and furnishings can be included. Listing Agent is co-owner. Buyers to cooperate with Seller's doing a 1031 Exchange. Will do Sunday open houses 1-4PM. Unit 12044 (downstairs rear) is currently vacant and can be shown, call LA for code.

Listed by Mary Steele | BRE #00914757 | Mary Steele
Last checked: 2 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
5,978
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23255541
City
Los Angeles
County
Los Angeles
Time on Site
413 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $4,500
  • Total Rent: $9,000
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 13.16
  • Gross Scheduled Income: --
  • Net Operating Income: $108,400
  • Gross Operating Income: $141,000
  • Personal Property: $30,000
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 12042 Sylvester St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Washer Included, Stackable, Outside
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Water Purifier, Gas Range
Interior Features
  • Ceiling Fan(s), Furnished, Recessed Lighting
  • Levels: Two
  • Window Features: Double Pane Windows, Skylight(s)
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 4232004050
  • Architectural Style: Bungalow
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Cul-de-sac street off Inglewood Blvd, between Washington Blvd. and Washington Place.
View more facts & features

Local Los Angeles Agent

Sale History for 12042 Sylvester St

Last sold for $1,850,000 on August 18th, 2023

  • April, 2024

  • Apr 5, 2024

    Date

    Canceled

    CRMLS: 24370865

    $5,000

    Price

  • Mar 21, 2024

    Date

    Active

    CRMLS: 24370865

    $5,000

    Price

  • Listing provided courtesy of CRMLS

    Nestled in a quiet cul-de-sac, this exquisite two bedroom, two bathroom unit exudes warmth and comfort. Illuminated by skylights, the open floor plan with white oak vinyl flooring and vaulted high ceilings creates an inviting and bright atmosphere perfect for both relaxation and entertaining. The great room features an expansive living space, a chef's kitchen with new stainless steel appliances, a pantry and a large stone topped island. Both bedrooms boast ample closet space and have big windows that allow for an abundance of natural light. Each sleek and clean bathroom is complete with a soothing rain shower. Enjoy the serenity of a private balcony adorned with artificial turf perfect for outdoor dining or your furry friend. One designated parking spot on the premises is included in addition to street parking. Ideally located, 12042 Sylvester St is close to amazing dining, shops and the beach!

  • August, 2023

  • Aug 18, 2023

    Date

    Sold

    CRMLS: 23255541

    $1,850,000

    Price

  • Apr 2, 2023

    Date

    Active

    CRMLS: 23255541

    $1,999,000

    Price

  • September, 2005

  • Sep 23, 2005

    Date

    Sold (Public Records)

    Public Records

    $770,000

    Price

Show More

Tax History for 12042 Sylvester St

Assessed Value (2020): $935,244
Year Land Value Improved Value Assessed Value
2020 $562,519 $372,725 $935,244

Home Value Compared to the Market

This property vs the competition

12042 Sylvester St sold on August 18, 2023 for 55.46% 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 $755.41 per/sqft which puts the price per square foot 0.05% higher than the current median sale per square foot for the city of Los Angeles.

About 12042 Sylvester St

Detailed summary of property

12042 Sylvester St is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,449 living square feet, and sits on an approximately 5,978 square foot lot. 12042 Sylvester St was first listed on ArdentRealEstateGroup.com on April 1, 2023. The homeowner sold the property for $1,850,000. 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 55.46% higher than the current median priced home. Local homes that are currently for sale include 8664 Cadillac Ave, 5869 Dauphin Ave and 2928 Carmona Ave. While the average home in Los Angeles, CA is selling in 92 days, 12042 Sylvester St has a days on market of 71 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 12042 Sylvester St Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12042 Sylvester St

Public county record property details
Beds
5
Baths
3
Year built
1954
Sq. Ft.
2,449
Lot Size
5,978
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
4232-004-050

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
116
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

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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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