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128 Robinson St, Los Angeles, CA 90026
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128 Robinson St Los Angeles, CA 90026

$2,450,000 Sold Price as of 08/11/2022
  • 12 Beds
  • 12 Baths
  • 10,080 Sq.Ft.
Sold
$2,450,000 Sold Price as of 08/11/2022 Refinance Your Mortgage
Map preview of 128 Robinson St, Los Angeles, CA 90026

Property Overview: 128 Robinson St Los Angeles, CA has 12 bedrooms, 12 bathrooms, 10,080 living square feet and 14,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this value-add, twelve (12) unit, investment opportunity located at 128 and 134 Robinson Street. The two (2), 6-unit, 5,040 square foot buildings are situated on their own 7,200 square foot parcels, zoned LARD2. These charming two-story apartment buildings have a central courtyard that separate the buildings with access to the rear alley. The buildings each have their own carport as well as open parking off the alley. The properties have a nice setback which afford open space for gardening. The unit mix is 4 studios, 4 one bedroom one bath and 4 two bedroom one bath. This building is located the Rampart Village neighborhood of Los Angeles, which is adjacent to Koreatown to the West, Silver Lake to the North and Downtown Los Angeles to the East. The Koreatown submarket remains one of the strongest rental submarkets in the city. This is a great opportunity for a value-add investor, as the rents are approximately 50% below market and room to add ADU's. The residents have a wide range of amenities close by such as restaurants, shopping, medical clinics, and recreation areas such as MacArthur Park and Lafayette Park. The property's central location has access to the 101, 110 and 10 freeways.

Listed by D. Timothy Byrne | BRE #01186465 | Compass
Last checked: 3 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
14,400
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22172253
City
Los Angeles
County
Los Angeles
Time on Site
744 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $906
  • Total Rent: $3,624
  • Pro Forma/Market Rent: $5,800
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $977
  • Total Rent: $3,908
  • Pro Forma/Market Rent: $7,200
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,334
  • Total Rent: $5,336
  • Pro Forma/Market Rent: $8,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.31%
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: --
  • Net Operating Income: $87,713
  • Gross Operating Income: $155,030
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 128 Robinson St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 5156005018
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just N. of Beverly and East of Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 128 Robinson St

Last sold for $2,450,000 on August 11th, 2022

  • August, 2022

  • Aug 11, 2022

    Date

    Sold

    CRMLS: 22172253

    $2,450,000

    Price

  • Jun 24, 2022

    Date

    Active

    CRMLS: 22172253

    $2,650,000

    Price

  • February, 2019

  • Feb 13, 2019

    Date

    Sold (Public Records)

    Public Records

    $578,500

    Price

  • December, 1998

  • Dec 11, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 128 Robinson St

Assessed Value (2020): $431,973
Year Land Value Improved Value Assessed Value
2020 $302,222 $129,751 $431,973

Home Value Compared to the Market

This property vs the competition

128 Robinson St sold on August 11, 2022 for 108.01% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $262.9 per/sqft which puts the price per square foot 66.76% lower than the current median sale per square foot for the city of Los Angeles.

About 128 Robinson St

Detailed summary of property

128 Robinson St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 10,080 living square feet, and sits on an approximately 14,400 square foot lot. 128 Robinson St was first listed on ArdentRealEstateGroup.com on June 24, 2022. The homeowner sold the property for $2,450,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 108.01% higher than the current median priced home. Local homes that are currently for sale include 4520 Willow Brook Ave, 1115 N Madison Ave and 1801 W 5th St. While the average home in Los Angeles, CA is selling in 102 days, 128 Robinson St has a days on market of 11 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 128 Robinson St 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 128 Robinson St

Public county record property details
Beds
8
Baths
6
Year built
1917
Sq. Ft.
5,040
Lot Size
7,200
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22,23
APN
5156-005-018

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
$1,199,000
Median List Price/Sq.Ft.
$832
Median Sold Price
$1,796,500
Median Sold Price/Sq.Ft.
$802
Total Inventory
66
Median Sale to List Price %
112.99%
Avg Days on Market
18
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

Thinking of Selling?

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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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