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1229 S Dunsmuir Ave, Los Angeles, CA 90019
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1229 S Dunsmuir Ave Los Angeles, CA 90019

$1,600,000 Sold Price as of 11/09/2022
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,600,000 Sold Price as of 11/09/2022 Refinance Your Mortgage
Map preview of 1229 S Dunsmuir Ave, Los Angeles, CA 90019

Property Overview: 1229 S Dunsmuir Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,985 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Miracle Mile development opportunity near San Vicente and Fairfax. 1229 S Dunsmuir is currently a 4 unit building. 3 of the units will be delivered vacant. The lot is zoned R3-1 in a Tier 1 TOC. The lot size is 7,985 sq foot per assessor. Opportunity to build up to 15 Units plus 3 ADU's Utilizing the TOC Benefits. Currently, next door is a new development project under construction for 17 Units. Miracle Mile is a great rental market, attracting a huge supply of A+ tenants looking for quality units in a premium location. Convenient access to transit, employment, retail and entertainment venues. Minutes to downtown LA, Beverly Hills, Santa Monica and Culver City.

Listed by Anie Mayelian | BRE #00778825 | Equity Union
Last checked: 11 minutes ago | Last updated: November 9th, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
7,985
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
SR22174535
City
Los Angeles
County
Los Angeles
Time on Site
631 days

Property Details for 1229 S Dunsmuir Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Parcel Number: 5085015033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: .
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1229 S Dunsmuir Ave

Last sold for $1,600,000 on November 9th, 2022

  • November, 2022

  • Nov 9, 2022

    Date

    Sold

    CRMLS: SR22174535

    $1,600,000

    Price

  • Aug 9, 2022

    Date

    Active

    CRMLS: SR22174535

    $1,699,000

    Price

  • November, 2022

  • Nov 9, 2022

    Date

    Sold

    CRMLS: SR22183741

    $1,600,000

    Price

  • Aug 29, 2022

    Date

    Active

    CRMLS: SR22183741

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Spanish character cottages. Walk to Fairfax and San Vicente! 75% delivered Vacant at close of escrow! Massive upside potential. Tenants pay their own water, electricity, gas and trash as all utilities are on separate meters for gas, electric, and water. Convert the 3 car garages to an ADU plus add an additional unit on top, please email to receive additional information on ADU's. With the ADU additions the potential increased revenue will be $141,024 and the cap will be potentially 6.7%. The current ownership has remodeled two of the cottages. The front home features high barrel ceilings, remodeled kitchen, in unit washer and dryer, tankless water heater, new tile flooring, new counter tops, fresh paint and beautifully preserved hardwood flooring. R3 zoned, potential to build 15 units using TOC density bonus. A new 17 unit building is being built next door and it's 4 months from completion. Miracle Mile is a great rental market, attracting a huge supply of A+ tenants looking for quality units in a premium location. Convenient access to transit, employment, retail and entertainment venues. Minutes to downtown LA, Beverly Hills, Santa Monica and Culver City.

  • August, 2022

  • Aug 29, 2022

    Date

    Canceled

    CRMLS: SR22157900

    $1,699,000

    Price

  • Jul 20, 2022

    Date

    Active

    CRMLS: SR22157900

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    Property has been relisted with the same agent. Do not call the owner. Beautiful Spanish character cottages. Walk to Fairfax and San Vicente! 3 Units delivered Vacant at close of escrow! Massive upside potential. Tenants pay their own water, electricity, gas and trash as all utilities are on separate meters for gas, electric, and water. Convert the 3 car garages to an ADU plus add an additional unit on top. With the ADU additions the potential increased revenue will be $141,024 and the cap will be potentially 6.7%. The current ownership has remodeled two of the cottages. The front home features high barrel ceilings, remodeled kitchen, in unit washer and dryer, tankless water heater, new tile flooring, new counter tops, fresh paint and beautifully preserved hardwood flooring. R3 zoned, potential to build 15 units using TOC density bonus. A new 17 unit building is being built next door and it's 4 months from completion. Miracle Mile is a great rental market, attracting a huge supply of A+ tenants looking for quality units in a premium location. Convenient access to transit, employment, retail and entertainment venues. Minutes to downtown LA, Beverly Hills, Santa Monica and Culver City.

  • July, 2022

  • Jul 14, 2022

    Date

    Canceled

    CRMLS: SR22106076

    $1,595,000

    Price

  • May 18, 2022

    Date

    Active

    CRMLS: SR22106076

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present an incredible opportunity to own charming Spanish 4-unit multifamily property situated in highly desirable Miracle Mile neighborhood. The property consists of 2 units with 2 bedrooms and 1 bath and 2 units with 1 bedroom and 1 bath. Seller started to remodel the units tow of the units have new kitchen, tankless water heater, new tile flooring new counter tops. Some parts of plumbing and electrical has been updated, some windows has been replaced, new bathroom in one of the unit, original hardwood flooring throughout & fresh paint. One of the unit has inside laundry hookup. The property is separately metered for gas, electricity and water. Long driveway leads to spacious parking area at the back of building with 3 car garage potential to add more unit or redevelop entire property. Rear unit occupied with long term tenant and will be deliver with the tenant.

  • November, 2006

  • Nov 2, 2006

    Date

    Sold (Public Records)

    Public Records

    $935,000

    Price

Show More

Tax History for 1229 S Dunsmuir Ave

Assessed Value (2020): $1,113,509
Year Land Value Improved Value Assessed Value
2020 $913,144 $200,365 $1,113,509

Home Value Compared to the Market

This property vs the competition

1229 S Dunsmuir Ave sold on November 9, 2022 for 61.81% higher than the current median sold price for the city of Los Angeles which is $1,050,000.

About 1229 S Dunsmuir Ave

Detailed summary of property

1229 S Dunsmuir Ave is a land that recently sold in Los Angeles, CA 90019. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,985 square foot lot. 1229 S Dunsmuir Ave was first listed on ArdentRealEstateGroup.com on August 9, 2022. The homeowner sold the property for $1,600,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 61.81% higher than the current median priced home. Local homes that are currently for sale include 1501 Marlay Dr, 1222 N Beachwood Dr and 8692 Franklin Ave. While the average home in Los Angeles, CA is selling in 96 days, 1229 S Dunsmuir Ave has a days on market of 30 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1229 S Dunsmuir Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1229 S Dunsmuir Ave

Public county record property details
Beds
4
Baths
4
Year built
1930
Sq. Ft.
3,080
Lot Size
7,985
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
109
APN
5085-015-033

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$1,310,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
59
Median Sale to List Price %
93.57%
Avg Days on Market
38
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (23.08%), Other (15.38%)

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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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