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1244 Innes Ave, Los Angeles, CA 90026
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1244 Innes Ave Los Angeles, CA 90026

$4,500,000
  • 27 Beds
  • 14 Baths
  • 8,864 Sq.Ft.
For Sale
$4,500,000 Get Pre-Qualified
Map preview of 1244 Innes Ave, Los Angeles, CA 90026

Property Overview: 1244 Innes Ave Los Angeles, CA has 27 bedrooms, 14 bathrooms, 8,864 living square feet and 9,916 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: Presenting an amazing opportunity to purchase a turn key coliving or short term rental property featuring twenty seven bedrooms in the highly desirable area of Echo Park. This new construction project consists of a brand new four unit apartment building with five bedrooms and three and a half baths each in addition to a completely remodeled unit in the rear that has its own seven bedrooms. A semi below grade garage level also offers ample storage and the option for additional income from parking. Designed with efficiency and comfort in mind, each unit maximizes space and livability while also taking into account operator logistics such as cleaning closets, IT, and ample storage. Tenants will enjoy floor to ceiling windows, plenty of natural light, and modern curated finishes. Half of the units have access to a common area roof deck with sweeping views from DTLA to Hollywood, and amenities abound nearby. Dodgers Stadium is within walking distance, and coffee shops as well as the most popular restaurants are all within reach. Situated right in the midst of this thriving locale with an exceptionally strong rental market, do not miss this chance to purchase a turnkey building ready to generate income on day one.

Listed by Alan Lu | BRE #01514595 | ALTC Realty
Last checked: 9 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 108
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Home details

Lot Sq. Ft
9,916
HOA Dues
$0/mo
Year built
2024
Garage
10 Car
Property Type:
Apartment
Status
Active
MLS#
AR23225195
City
Los Angeles
County
Los Angeles
Time on Site
129 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $19,350
  • Total Rent: $19,350
  • Pro Forma/Market Rent: $19,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,750
  • Total Rent: $8,750
  • Pro Forma/Market Rent: $8,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $426,600
  • Net Operating Income: $335,070
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $91,530
  • Electric: $5,800
  • Gas/Fuel: $0
  • Trash: $2,000
  • Insurance: $10,000
  • Professional Management: $0
  • Water/Sewer: $3,000

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Property Details for 1244 Innes Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • High Ceilings, Open Floorplan
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5406015041
  • Year Built Source: Builder
  • Entry Level: 2
  • Property is Attached
  • Accessibility Features: Disability Features, Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Cross St. Sunset Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1244 Innes Ave

Last sold for $1,070,000 on December 5th, 2017

  • December, 2023

  • Dec 19, 2023

    Date

    Active

    CRMLS: AR23225195

    $4,500,000

    Price

  • December, 2017

  • Dec 5, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,070,000

    Price

Show More

Tax History for 1244 Innes Ave

Assessed Value (2020): $1,113,228
Year Land Value Improved Value Assessed Value
2020 $624,240 $488,988 $1,113,228

Home Value Compared to the Market

This property vs the competition

1244 Innes Ave is listed 260.29% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $507.67 per/sqft which puts the price per square foot 34.24% lower than the median price per square foot for the city of Los Angeles.

About 1244 Innes Ave

Detailed summary of property

1244 Innes Ave is a apartment located in Los Angeles, CA 90026 and is currently for sale. This apartment offers 27 bedrooms, 14 bathrooms, roughly 8,864 living square feet, and sits on an approximately 9,916 square foot lot. 1244 Innes Ave was first listed on ArdentRealEstateGroup.com on December 19, 2023. The homeowner is currently asking $4,500,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 260.29% higher than the median priced home. Local competing homes currently for sale include 2221 Michigan Ave, 323 N Soto St and 514 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 97 days, 1244 Innes Ave has a days on market of 108 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1244 Innes Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1244 Innes Ave

Public county record property details
Beds
--
Baths
--
Year built
1922
Sq. Ft.
2,336
Lot Size
9,913
Stories
1
Type
Religious, Church, Worship (Synagogue, Temple, Parsonage)
Pool
No
Spa
No
County
Los Angeles
Lot#
43
APN
5406-015-041

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$940,000
Median Sold Price/Sq.Ft.
$850
Total Inventory
56
Median Sale to List Price %
100.11%
Avg Days on Market
16
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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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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