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1300 Armacost Ave, Los Angeles, CA 90025
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1300 Armacost Ave Los Angeles, CA 90025

$1,696,000 Sold Price as of 09/12/2023
  • 5 Beds
  • 5 Baths
  • 3,640 Sq.Ft.
Sold
$1,696,000 Sold Price as of 09/12/2023 Refinance Your Mortgage
Map preview of 1300 Armacost Ave, Los Angeles, CA 90025

Property Overview: 1300 Armacost Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,640 living square feet and 7,005 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1300 Armacost Ave. is an extremely well located 5 unit multi-family property in a prime West LA location or the corner of Texas and Armacost Ave. All five of the units are spacious 1 BR + 1 Bath units. This 5 unit property is a quintessential value-add opportunity with 3 of the 5 units being delivered VACANT. These vacant units allow for new ownership to do whatever renovations they wish to the units and choose their future tenants. The property was originally constructed in 1951 and the total size of the property is approximately 3,640 SqFt. The property sits on a large corner lot of approximately 7,005 SqFt that is Zoned (Q)-LAR3. Towards the rear of the property is a large separate garage structure that could potentially be converted to ADU units. A quick walk to the high-end dining and nightlife on Santa Monica Blvd. & Wilshire Blvd, this rare offering presents an astute investor with the unique opportunity to establish a nice rental footprint in West LA and to capitalize on higher market rents in one of the best rental locations in all of Los Angeles. Vacant units can be shown. Contact listing agent to coordinate a showing of the vacant units.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 16 minutes ago | Last updated: September 14th, 2023 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
7,005
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23305255
City
Los Angeles
County
Los Angeles
Time on Site
254 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,199
  • Total Rent: $13,250
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1300 Armacost Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Property Information
  • Total # of Units: 5
  • Parcel Number: 4263023018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of S. Barrington Ave. and North of Santa Monica Blvd. Across from Brockton Elementary School
View more facts & features

Local Los Angeles Agent

Sale History for 1300 Armacost Ave

Last sold for $1,696,000 on September 12th, 2023

  • September, 2023

  • Sep 12, 2023

    Date

    Sold

    CRMLS: 23305255

    $1,696,000

    Price

  • Aug 28, 2023

    Date

    Active

    CRMLS: 23305255

    $1,695,000

    Price

Tax History for 1300 Armacost Ave

Assessed Value (2020): $409,816
Year Land Value Improved Value Assessed Value
2020 $296,636 $113,180 $409,816

Home Value Compared to the Market

This property vs the competition

1300 Armacost Ave sold on September 12, 2023 for 42.44% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $465.66 per/sqft which puts the price per square foot 38.32% lower than the current median sale per square foot for the city of Los Angeles.

About 1300 Armacost Ave

Detailed summary of property

1300 Armacost Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,640 living square feet, and sits on an approximately 7,005 square foot lot. 1300 Armacost Ave was first listed on ArdentRealEstateGroup.com on August 29, 2023. The homeowner sold the property for $1,696,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.44% higher than the current median priced home. Local homes that are currently for sale include 1132 S Wooster St, 1140 S Shenandoah St and 1952 S Corning St. While the average home in Los Angeles, CA is selling in 94 days, 1300 Armacost Ave has a days on market of 2 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1300 Armacost Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1300 Armacost Ave

Public county record property details
Beds
5
Baths
5
Year built
1951
Sq. Ft.
3,640
Lot Size
7,005
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4263-023-018

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,149,000
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
108
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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