1238 S La Jolla Ave, Los Angeles, CA 90035
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1238 S La Jolla Ave Los Angeles, CA 90035

$2,450,000
  • 170 Beds
  • 130 Baths
  • 5,170 Sq.Ft.
For Sale
$2,450,000 Get Pre-Qualified

Map preview of 1238 S La Jolla Ave, Los Angeles, CA 90035

Property Overview: 1238 S La Jolla Ave Los Angeles, CA has 170 bedrooms, 130 bathrooms, 5,170 living square feet and 7,078 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Discover this exquisite 5-unit trophy property, located in the heart of Carthay Square. On the market for the first time in over 50 years, this lovingly maintained, family-owned building showcases meticulous attention to detail and a deep respect for its original character. Each unit offers a unique layout, with four light filled one-bedroom apartments featuring beautiful hardwood floors, and a distinctive two-bedroom, 1.5-bath townhouse centrally located within the building. Modernized kitchens and bathrooms blend seamlessly with the property's vintage charm. Residents will appreciate the convenience of detached parking and the prime location, just moments away from the best of Los Angeles. Enjoy easy access to West Hollywood, Beverly Hills, Century City, places of worship, hospitals, renowned restaurants, and more.Please respect the privacy of our tenants and do not disturb them.

Listed by Jeffrey Young | BRE #00977617 | Sotheby's International Realty
Last checked: 9 minutes ago | Last updated: September 25th, 2024 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
7,078
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24444585
City
Los Angeles
County
Los Angeles
Time on Site
3 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,397
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $2,397
Unit Breakdown 2
  • # of Units: 40
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,228
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,228
Unit Breakdown 3
  • # of Units: 38
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,760
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,760
Unit Breakdown 5
  • # of Units: 42
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,015
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,015
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: --
  • Net Operating Income: $142,631
  • Gross Operating Income: $143,234
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1238 S La Jolla Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Oven, Oven
Interior Features
  • 2 Staircases
  • Levels: Multi/Split
  • Window Features: Jalousies/Louvered, French/Mullioned
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle, Composition, Shingle
  • Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned, Concrete
Lot Information
  • Lot Features: Lawn, Landscaped
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 5087010018
  • Year Built Source: Other
  • Foundation Details: Combination
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Pico, Just east os La Cienega.
View more facts & features

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Sale History for 1238 S La Jolla Ave

View property's historical transactions
  • September, 2024

  • Sep 24, 2024

    Date

    Active

    CRMLS: 24444585

    $2,450,000

    Price

  • July, 2024

  • Jul 29, 2024

    Date

    Canceled

    CRMLS: 24404279

    $2,595,000

    Price

  • Jun 14, 2024

    Date

    Active

    CRMLS: 24404279

    $2,595,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 1940's art Deco 5 unit Trophy property in the Prime Miracle Mile. First time on the market in over 50 years. Lovingly maintained family owned building with fine attention to details and respect to its character. Each unit is different, all units are one bedroom with nice hardwood floors one townhouse (2 bedrooms | 1.5 bath) style in the middle of the building. updated kitchens and baths. detached parking. Close to some of the best of LA. West Hollywood, Beverly Hills , Century city , Places of worship , hospitals, restaurants and more. Please do not disturb the tenants. SIGN at property

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Tax History for 1238 S La Jolla Ave

Assessed Value (2020): $819,860
Year Land Value Improved Value Assessed Value
2020 $577,176 $242,684 $819,860

Home Value Compared to the Market

This property vs the competition

1238 S La Jolla Ave is listed 104.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $473.89 per/sqft which puts the price per square foot 38.54% lower than the median price per square foot for the city of Los Angeles.

About 1238 S La Jolla Ave

Detailed summary of property

1238 S La Jolla Ave is a multi family located in Los Angeles, CA 90035 and is currently for sale. This multi family property offers 170 bedrooms, 130 bathrooms, roughly 5,170 living square feet, and sits on an approximately 7,078 square foot lot. 1238 S La Jolla Ave was first listed on ArdentRealEstateGroup.com on September 25, 2024. The homeowner is currently asking $2,450,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 104.17% higher than the median priced home. Local competing homes currently for sale include 1526 S Wooster St, 8701 W Olympic Blvd and 6347 Orange St. While the average home in Los Angeles, CA is selling in 106 days, 1238 S La Jolla Ave has a days on market of 4 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1238 S La Jolla Ave Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1238 S La Jolla Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
5,170
Lot Size
7,076
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
105
APN
5087-010-018

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,374,999
Median List Price/Sq.Ft.
$777
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
59
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

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Related Resources to 1238 S La Jolla Ave

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.