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1278 Clela Ave, Los Angeles, CA 90022
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1278 Clela Ave Los Angeles, CA 90022

$1,200,000
  • 26 Beds
  • 9 Baths
  • 3,442 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified
Map preview of 1278 Clela Ave, Los Angeles, CA 90022

Property Overview: 1278 Clela Ave Los Angeles, CA has 26 bedrooms, 9 bathrooms, 3,442 living square feet and 6,176 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: Fourplex property. County ordinance- FOURPLEX 6176 Sq Ft lot size. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath units with community laundry. Framed carport for four cars. This is a very well maintained property. Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance. All units are alike in floorplan. Please review the pictures and read showing instructions. Thank you for your interest.

Listed by Dolores Bueno | BRE #01126752 | DOLORES VARGAS BUENO, BROKER
Last checked: 27 seconds ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 65

Home details

Lot Sq. Ft
6,176
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
CV24142681
City
Los Angeles
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $76,800
  • Net Operating Income: $69,480
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,320
  • Electric: $720
  • Gas/Fuel: $480
  • Trash: $240
  • Gardener: $900
  • Insurance: $1,440
  • Water/Sewer: $4,320

Open Houses for 1278 Clela Ave

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Property Details for 1278 Clela Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Features: Lawn, Level with Street, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5245015002
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: olympic and union. GPS
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1278 Clela Ave

Last sold for $480,000 on May 25th, 2004

  • July, 2024

  • Jul 16, 2024

    Date

    Active

    CRMLS: CV24142681

    $1,200,000

    Price

  • May, 2004

  • May 25, 2004

    Date

    Sold (Public Records)

    Public Records

    $480,000

    Price

Show More

Tax History for 1278 Clela Ave

Assessed Value (2020): $624,012
Year Land Value Improved Value Assessed Value
2020 $273,005 $351,007 $624,012

Home Value Compared to the Market

This property vs the competition

1278 Clela Ave is listed 0% 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 $768 and this home is listed at $348.63 per/sqft which puts the price per square foot 54.6% lower than the median price per square foot for the city of Los Angeles.

About 1278 Clela Ave

Detailed summary of property

1278 Clela Ave is a fourplex located in Los Angeles, CA 90022 and is currently for sale. This fourplex offers 26 bedrooms, 9 bathrooms, roughly 3,442 living square feet, and sits on an approximately 6,176 square foot lot. 1278 Clela Ave was first listed on ArdentRealEstateGroup.com on July 12, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0% higher than the median priced home. Local competing homes currently for sale include 3412 E 3rd St, 1137 Miller Ave and 548 S Lorena St. While the average home in Los Angeles, CA is selling in 106 days, 1278 Clela Ave has a days on market of 65 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1278 Clela Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1278 Clela Ave

Public county record property details
Beds
8
Baths
4
Year built
1954
Sq. Ft.
3,442
Lot Size
6,174
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
70
APN
5245-015-002

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,888
Median List Price/Sq.Ft.
$636
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$494
Total Inventory
21
Median Sale to List Price %
101.6%
Avg Days on Market
32
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (50%)

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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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