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1280 West Blvd, Los Angeles, CA 90019
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1280 West Blvd Los Angeles, CA 90019

$1,370,000 Sold Price as of 11/12/2021
  • 8 Beds
  • 4 Baths
  • 4,028 Sq.Ft.
Sold
$1,370,000 Sold Price as of 11/12/2021 Refinance Your Mortgage
Map preview of 1280 West Blvd, Los Angeles, CA 90019

Property Overview: 1280 West Blvd Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,028 living square feet and 7,031 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Proudly presenting this prime Mid-City 4plex at 1280 West Blvd, LA 90019. Featuring four large 2+1 units with 4,028 total rentable SF. At our $1.4M asking price, the property is priced at: $350,000/unit; a 16.25 current GRM; a 12.15 market GRM; a 4.08% current CAP; a 5.93% market CAP, and $348/SF. This clean asset presents an investor with stable in-place income, plus great future rent upside as the existing tenants vacate. All four units are currently tenant occupied, but an owner-user buyer could legally vacate a unit through the City once the eviction moratorium is lifted. This large 7,031sf lot zoned R3 also offers future redevelopment potential allowing for approx. 8 units by-right (also TOC Tier 2). Prime Mid-City location steps from the Queen Anne Park/Recreation Center and a short walk to the Midtown Crossing center with its great list of national retailers including: Lowes; Ross; Smart & Final; Starbuck's; Wells Fargo; Chase, Planet Fitness; Jersey Mike's & Panda Express to name a few. Additionally, the property is less than a mile from numerous grocery options including Ralphs; Sprouts, and the new Target Mid-City located locally on La Brea. Also only a short trip to local food favorites like Gus's Fried Chicken; the Grain Cafe; Tom's Burgers; La Cevicheria; Leo's Taco Truck, and Mateo's Fruit Bars to name a few options. A fantastic walk score of 90 and transit score of 64 makes this property a walker/commuter's paradise. It's also a very family-friendly neighborhood with great parks like LA High Memorial & Harold Henry Park in close proximity, as well as quality local education options including Pico Preschool; Queen Anne Place Elementary, and LA High School. Contact us today before this unique property is gone.

Listed by Matthew Dunfrund | BRE #01785161 | Keller Williams Realty Los Feliz
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
7,031
HOA Dues
$0/mo
Year built
1949
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
21784804
City
Los Angeles
County
Los Angeles
Time on Site
1107 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,936
  • Total Rent: $1,936
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,777
  • Total Rent: $1,777
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,216
  • Total Rent: $1,216
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.25
  • Gross Scheduled Income: --
  • Net Operating Income: $57,167
  • Gross Operating Income: $86,148
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1280 West Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
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: 8
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5082011007
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Subdivision Name: Tract #3788 Lot 9
  • Directions: Property is located on West Blvd just north of Pico & south of 12th St.
View more facts & features

Local Los Angeles Agent

Sale History for 1280 West Blvd

Last sold for $1,370,000 on November 12th, 2021

  • September, 2021

  • Sep 29, 2021

    Date

    Active Under Contract

    CRMLS: 21784804

    $1,400,000

    Price

  • Sep 17, 2021

    Date

    Active

    CRMLS: 21784804

    $1,400,000

    Price

  • May, 2020

  • May 12, 2020

    Date

    Expired

    CRMLS: SB20021251

    $1,299,000

    Price

  • May 12, 2020

    Date

    Withdrawn

    CRMLS: SB20021251

    $1,299,000

    Price

  • Feb 12, 2020

    Date

    Active Under Contract

    CRMLS: SB20021251

    $1,299,000

    Price

  • Jan 30, 2020

    Date

    Active

    CRMLS: SB20021251

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    Proudly presenting this well-located Mid-City 4 unit listing at 1280 West Blvd. Featuring four large 2+1 units with 4,028 total SF. There's one recently renovated, vacant unit with a market rent of $2,500/mth so once leased the current gross income will be $7,394/mth; $88,728/yr. At our $1,299,000 price, the offering is priced at: $324,750/unit; a 14.64 current GRM; an 11.28 market GRM; a 4.31% current CAP; a 6.29% market CAP, and $322/SF. Presents a great opportunity for an owner-user buyer looking to take occupancy of the vacant 2+1 unit & have solid rental income to help assist with their mortgage. Prime Mid-City location steps from the Queen Anne Park/Rec Center & a short walk to the Midtown Crossing center with a great list of national retailers including Lowe's; Ross; Smart & Final; Starbucks; Wells Fargo; Planet Fitness; Jersey Mike's & Panda Express to name a few. Also less than a mile drive to good grocery options including Ralphs; Sprouts & the new Target Mid-City on La Brea. Only a short trip to local hot spots like Gus's World Famous Fried Chicken; the Grain Cafe; Roscoe's; La Cevicheria; Leo's Taco Truck, and Mateo's Fruit Bars. Walk score of 90 & transit score of 64 make it a walker/commuter's paradise. It's also a very family-friendly neighborhood with cool parks like LA High Memorial & Harold A. Henry Park in close proximity, as well as good local educational options including Pico Preschool; Queen Anne Place Elementary School & LA High School.

  • August, 2008

  • Aug 27, 2008

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • July, 2001

  • Jul 24, 2001

    Date

    Sold (Public Records)

    Public Records

    $325,000

    Price

Show More

Tax History for 1280 West Blvd

Assessed Value (2020): $765,364
Year Land Value Improved Value Assessed Value
2020 $588,745 $176,619 $765,364

Home Value Compared to the Market

This property vs the competition

1280 West Blvd sold on November 12, 2021 for 25% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $347.57 per/sqft which puts the price per square foot 51.99% lower than the current median sale per square foot for the city of Los Angeles.

About 1280 West Blvd

Detailed summary of property

1280 West Blvd is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,028 living square feet, and sits on an approximately 7,031 square foot lot. 1280 West Blvd was first listed on ArdentRealEstateGroup.com on September 17, 2021. The homeowner sold the property for $1,370,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 25% higher than the current median priced home. Local homes that are currently for sale include 4723 Pickford St, 1325 S Mansfield Ave and 2254 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1280 West Blvd has a days on market of 13 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1280 West Blvd 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 1280 West Blvd

Public county record property details
Beds
8
Baths
4
Year built
1949
Sq. Ft.
4,028
Lot Size
7,031
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5082-011-007

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
$1,399,999
Median List Price/Sq.Ft.
$702
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
94
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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