1244 S Highland Ave, Los Angeles, CA 90019
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1244 S Highland Ave Los Angeles, CA 90019

$1,462,500 Sold Price as of 10/19/2023
  • 6 Beds
  • 3 Baths
  • 2,696 Sq.Ft.
Sold
$1,462,500 Sold Price as of 10/19/2023 Refinance Your Mortgage

Map preview of 1244 S Highland Ave, Los Angeles, CA 90019

Property Overview: 1244 S Highland Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,696 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Priced to sell! Beautiful Spanish duplex gem! Amazing opportunity for owner occupiers and investors in highly sought after Longwood Highlands! Built in 1926 and loaded with charm and many original architectural details. Located on the quiet, tree-lined stretch of Highland, blocks south of the high traffic section. West facing and light-filled, the upper unit enjoys gorgeous open west facing sunset views and north to the Hollywood sign. Each updated unit is a spacious 2 bedroom/1 bathroom share the same floor plan, with formal dining rooms, living rooms with decorative fireplaces, remodeled granite eat-in kitchens with washer/dryers, white tiled bathrooms. High ceilings, crown moldings, recessed lighting, and an elegant mix of original hardwood, laminate and tile throughout. Central heating and a/c. The lower unit has direct access to a large private outdoor area. The upper unit's private outdoor space is accessed from the kitchen stairs and encompasses a large deck of composite faux wood for low maintenance with a retractable awning and a grassy area with artificial turf. Juliette balconies off of each unit. The fenced yard is beautifully landscaped with mature trees and shrubs and features multiple seating areas. Meticulously maintained, with many updates including electric, plumbing, drainage and foundation, new roof in 2016. Permitted 4-car garage (825 sq ft) built in 2006 with private entrance from Dockweiler. Wonderful opportunity for an owner occupier or investor. Each unit is separately metered, and tenants pay water. Fully occupied, leases are month-to-month so enjoy immediate income. Rents have not been raised since the pandemic rent freeze which is ending. Possibility to add an additional ADU unit; buyer to complete due diligence. Ideal central location, near shopping, trendy restaurants, galleries, transportation and minutes to Larchmont, the Grove and the Fairfax district. Some photos virtually staged or with prior tenants' furniture. Both units have the same floorplan.

Listed by Rande L. Bronster | BRE #01875990 | Coldwell Banker Realty
Last checked: 1 minute ago | Last updated: October 20th, 2023 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
1926
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23272597
City
Los Angeles
County
Los Angeles
Time on Site
391 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,198
  • Total Rent: $3,198
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,025
  • Total Rent: $3,025
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: --
  • Net Operating Income: $64,775
  • Gross Operating Income: $93,600
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $20,625
  • Gardener: $1,200
  • Insurance: $5,000
  • Other Expenses: $2,000

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Property Details for 1244 S Highland Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, In Kitchen
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Laminate, Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Crown Molding
  • Levels: Two
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s), Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 2
  • Parcel Number: 5084024015
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of 12th and north of Dockweiler
View more facts & features

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Sale History for 1244 S Highland Ave

Last sold for $1,462,500 on October 19th, 2023
  • October, 2023

  • Oct 19, 2023

    Date

    Sold

    CRMLS: 23272597

    $1,462,500

    Price

  • May 21, 2023

    Date

    Active

    CRMLS: 23272597

    $1,650,000

    Price

  • March, 2016

  • Mar 2, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,119,500

    Price

  • August, 2003

  • Aug 18, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1244 S Highland Ave

Assessed Value (2020): $1,217,735
Year Land Value Improved Value Assessed Value
2020 $855,121 $362,614 $1,217,735

Home Value Compared to the Market

This property vs the competition

1244 S Highland Ave sold on October 19, 2023 for 37.17% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $574.93 per/sqft which puts the price per square foot 23.75% lower than the current median sale per square foot for the city of Los Angeles.

About 1244 S Highland Ave

Detailed summary of property

1244 S Highland Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,696 living square feet, and sits on an approximately 6,000 square foot lot. 1244 S Highland Ave was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $1,462,500. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.17% higher than the current median priced home. Local homes that are currently for sale include 1946 S Harcourt Ave, 1363 Hauser Blvd and 1632 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 99 days, 1244 S Highland Ave has a days on market of 92 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1244 S Highland 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 1244 S Highland Ave

Public county record property details
Beds
4
Baths
2
Year built
1926
Sq. Ft.
2,696
Lot Size
5,999
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5084-024-015

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
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Related Resources to 1244 S Highland 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.