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1259 4Th Ave Los Angeles, CA 90019

$1,200,000 Sold Price as of 12/10/2019

11 Beds
10 Baths
-- Sq.Ft.

Sold

$1,200,000 Sold Price as of 12/10/2019 Refinance Your Mortgage

Map preview of 1259 4Th Ave, Los Angeles, CA 90019

Property Overview: 1259 4Th Ave Los Angeles, CA has 11 bedrooms, 10 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent income property in Hancock Park area. New developments and investments are going in this area. Remote gated, separate garage and separate laundry room, dining room area for each unit. The 2 bedroom unit tenants use the unit as 3 bedrooms. The 1 bedroom unit tenants use the units as 2 bedrooms. The sellers maintain this property very well. All units have large size bedrooms & living room. Buyers and Buyer's Agents are to do their investigations.

Listed by Ashley Kim | BRE #01821621 | Realty One Group- Prime

Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft: --
HOA Dues: $0/mo
Year built: 1940
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19512852
City: Los Angeles
County: Los Angeles
Time on Site: 1265 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,573
Total Rent: $1,573
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,545
Total Rent: $1,545
Pro Forma/Market Rent: $2,200

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,335
Total Rent: $1,335
Pro Forma/Market Rent: $2,200

Unit Breakdown 4

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,354
Total Rent: $1,354
Pro Forma/Market Rent: $2,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 20.37
Gross Scheduled Income: --
Net Operating Income: $48,508
Gross Operating Income: $48,508

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1259 4Th Ave

Interior Features

Cooling Information

No Cooling
None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Assigned

Property Information

Total # of Units: 4
Parcel Number: 5081013012

Location / Neighborhood

Location Information

Directions: North of Pico Blvd./ West of Arlington Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 1259 4Th Ave

Last sold on October 16th, 2020

October, 2020
Oct 16, 2020

Date

Sold (Public Records)

Public Records

--

Price
August, 2020
Aug 13, 2020

Date

Sold (Public Records)

Public Records

--

Price
December, 2019
Dec 24, 2019

Date

Sold

CRMLS: 19512852

$1,200,000

Price
Oct 30, 2019

Date

Pending

CRMLS: 19512852

$1,240,000

Price
Oct 10, 2019

Date

Price Change

CRMLS: 19512852

$1,240,000

Price
Sep 23, 2019

Date

Active

CRMLS: 19512852

$1,280,000

Price
August, 2019
Aug 31, 2019

Date

Expired

CRMLS: 19476946

$1,300,000

Price
Aug 27, 2019

Date

Price Change

CRMLS: 19476946

$1,300,000

Price
Aug 4, 2019

Date

Active

CRMLS: 19476946

$1,350,000

Price
Jul 25, 2019

Date

Hold

CRMLS: 19476946

$1,350,000

Price
Jun 25, 2019

Date

Price Change

CRMLS: 19476946

$1,350,000

Price
Jun 17, 2019

Date

Active

CRMLS: 19476946

$1,420,000

Price
Listing provided courtesy of CRMLS

Huge Price Reduced! Excellent income property in Hancock Park area. New developments and investments are going in this area. Remote gated, separate garage and separate laundry room for each unit. The sellers maintain this property very well. All units have large size bedrooms & living room. Buyers and Buyer's Agents are to do their investigations.

Continue Reading
June, 2019
Jun 7, 2019

Date

Canceled

CRMLS: 19456872

$1,420,000

Price
Apr 19, 2019

Date

Active

CRMLS: 19456872

$1,420,000

Price
Listing provided courtesy of CRMLS

These four units is an excellent income property in Hancock Park area. 0

Continue Reading

Tax History for 1259 4Th Ave

Assessed Value (2020): $1,200,000

Year	Land Value	Improved Value	Assessed Value
2020	$840,000	$360,000	$1,200,000

Home Value Compared to the Market

This property vs the competition

1259 4Th Ave sold on December 10, 2019 for 9.73% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 1259 4Th Ave

Detailed summary of property

1259 4Th Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 11 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 1259 4Th Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,200,000. 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 9.73% higher than the current median priced home. Local homes that are currently for sale include 1734 S Hobart Blvd, 1547 S 5th Ave and 1662 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 99 days, 1259 4Th Ave has a days on market of 35 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 1259 4Th 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 1259 4Th Ave

Public county record property details

Beds: 5
Baths: 4
Year built: 1940
Sq. Ft.: 3,956
Lot Size: 8,100
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 80
APN: 5081-013-012

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

Median Sale to List Price %

102.14%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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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.