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1220 Myra Ave Los Angeles, CA 90029

$1,422,500 Sold Price as of 05/01/2019

8 Beds
7 Baths
1,827 Sq.Ft.

Sold

$1,422,500 Sold Price as of 05/01/2019 Refinance Your Mortgage

Map preview of 1220 Myra Ave, Los Angeles, CA 90029

Property Overview: 1220 Myra Ave Los Angeles, CA has 8 bedrooms, 7 bathrooms, 1,827 living square feet and 4,231 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to this impeccably remodeled triplex, located near the epicenter of Silver Lake. Delivered fully occupied with great tenants at market rents, the property features redone kitchens with stainless steel appliances, wood floors and ornate vintage fixtures, laundry in all units, and individual outdoor entertaining zones for each unit. All just minutes away from the shops, restaurants, and experiences that make Silver Lake so wildly popular. Whether its a 1031 exchange or a first time income property buyer, it's a must see! Drive by only. Zoned: LARD2. TOC - tier 2. PLEASE DO NOT DISTURB TENANTS!

Listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty
Co-listed by Katherine Gallivan | BRE #02001740 | Figure 8 Realty

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft: 4,231
HOA Dues: $0/mo
Year built: 1924
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19433510
City: Los Angeles
County: Los Angeles
Time on Site: 1222 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,795
Total Rent: $3,795
Pro Forma/Market Rent: $3,995

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,150
Total Rent: $2,150
Pro Forma/Market Rent: $2,250

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,163
Total Rent: $2,163
Pro Forma/Market Rent: $2,250

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5%
Gross Rent Multiplier: 15.3
Gross Scheduled Income: --
Net Operating Income: $97,680
Gross Operating Income: $97,680
Improvements Total: $211,248

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1220 Myra Ave

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
Washer Included, Dryer Included

Kitchen Information

Has Appliances
Disposal, Refrigerator, Dishwasher

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 3
Parcel Number: 5429011003

Location / Neighborhood

Location Information

Directions: Google Maps

View more facts & features

Local Los Angeles Agent

Sale History for 1220 Myra Ave

Last sold for $1,422,500 on May 1st, 2019

May, 2019
May 1, 2019

Date

Sold

CRMLS: 19433510

$1,422,500

Price
Mar 24, 2019

Date

Active Under Contract

CRMLS: 19433510

$1,495,000

Price
Feb 14, 2019

Date

Active

CRMLS: 19433510

$1,495,000

Price
May, 2019
May 1, 2019

Date

Sold (Public Records)

Public Records

$1,422,500

Price
May, 2019
May 1, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1220 Myra Ave

Assessed Value (2020): $1,450,950

Year	Land Value	Improved Value	Assessed Value
2020	$1,122,000	$328,950	$1,450,950

Home Value Compared to the Market

This property vs the competition

1220 Myra Ave sold on May 1, 2019 for 25.63% 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 $818.28 per/sqft which puts the price per square foot 8.38% higher than the current median sale per square foot for the city of Los Angeles.

About 1220 Myra Ave

Detailed summary of property

1220 Myra Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 1,827 living square feet, and sits on an approximately 4,231 square foot lot. 1220 Myra Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,422,500. 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 25.63% higher than the current median priced home. Local homes that are currently for sale include 1309 N Coronado St, 342 N Dillon St and 2628 Armstrong Ave. While the average home in Los Angeles, CA is selling in 92 days, 1220 Myra Ave has a days on market of 38 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 1220 Myra Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1220 Myra Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1924
Sq. Ft.: 1,827
Lot Size: 4,231
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 5429-011-003

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,200,000

Median List Price/Sq.Ft.

$794

Median Sold Price

$1,049,000

Median Sold Price/Sq.Ft.

$1,042

Total Inventory

Median Sale to List Price %

95.36%

Avg Days on Market

Loan Type

Conventional (60%), 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.