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1309 Amherst Ave, Los Angeles, CA 90025
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1309 Amherst Ave Los Angeles, CA 90025

$15,200,000 Sold Price as of 04/01/2022
  • 39 Beds
  • 40 Baths
  • 26,155 Sq.Ft.
Sold
$15,200,000 Sold Price as of 04/01/2022 Refinance Your Mortgage
Map preview of 1309 Amherst Ave, Los Angeles, CA 90025

Property Overview: 1309 Amherst Ave Los Angeles, CA has 39 bedrooms, 40 bathrooms, 26,155 living square feet and 21,784 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA's vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been remodeled. The unit mix includes (12) 2-bed, 2-bath units, (15) 1-bed, 1-bath units, and (1) efficiency unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 47 cars , copper plumbing, controlled access entry, an 11 camera video surveillance system, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 32 seconds ago | Last updated: April 2nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
21,784
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22117203
City
Los Angeles
County
Los Angeles
Time on Site
853 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,649
  • Total Rent: $1,649
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,046
  • Total Rent: $30,692
  • Pro Forma/Market Rent: $37,425
Unit Breakdown 3
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,448
  • Total Rent: $29,370
  • Pro Forma/Market Rent: $37,140
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20.97
  • Gross Scheduled Income: --
  • Net Operating Income: $406,513
  • Gross Operating Income: $724,121
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1309 Amherst Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Den
Kitchen Information
  • Has Appliances
  • Disposal, Microwave
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 47
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 28
  • Parcel Number: 4263026028
Location / Neighborhood
Location Information
  • Directions: Corner of Texas Avenue and Amherst Avenue. One block South of Wilshire Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1309 Amherst Ave

Last sold for $15,200,000 on April 1st, 2022

  • April, 2022

  • Apr 1, 2022

    Date

    Sold

    CRMLS: 22117203

    $15,200,000

    Price

  • Jan 10, 2022

    Date

    Active

    CRMLS: 22117203

    $15,650,000

    Price

  • August, 2015

  • Aug 13, 2015

    Date

    Sold (Public Records)

    Public Records

    $10,245,000

    Price

  • April, 1996

  • Apr 1, 1996

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

Show More

Tax History for 1309 Amherst Ave

Assessed Value (2020): $11,099,966
Year Land Value Improved Value Assessed Value
2020 $7,766,450 $3,333,516 $11,099,966

Home Value Compared to the Market

This property vs the competition

1309 Amherst Ave sold on April 1, 2022 for 1215.13% 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 $598.36 per/sqft which puts the price per square foot 20.75% lower than the current median sale per square foot for the city of Los Angeles.

About 1309 Amherst Ave

Detailed summary of property

1309 Amherst Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 39 bedrooms, 40 bathrooms, roughly 26,155 living square feet, and sits on an approximately 21,784 square foot lot. 1309 Amherst Ave was first listed on ArdentRealEstateGroup.com on January 10, 2022. The homeowner sold the property for $15,200,000. 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 1215.13% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 93 days, 1309 Amherst Ave has a days on market of 21 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1309 Amherst 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 1309 Amherst Ave

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
26,155
Lot Size
21,783
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4263-026-028

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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(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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