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1309 Mohawk St, Los Angeles, CA 90026
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1309 Mohawk St Los Angeles, CA 90026

$2,100,000 Sold Price as of 06/28/2019
  • 8 Beds
  • 7 Baths
  • 3,675 Sq.Ft.
Sold
$2,100,000 Sold Price as of 06/28/2019 Refinance Your Mortgage
Map preview of 1309 Mohawk St, Los Angeles, CA 90026

Property Overview: 1309 Mohawk St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 3,675 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: If you are looking for a turnkey investment property in one of LA's most vibrant neighborhoods consider that key turned. The entire property has undergone top to bottom renovations too numerous to list. Each unit includes new cabinetry, flooring and recessed LED lighting. The upgrades continue with central HVAC, stainless appliances including microwave and dishwasher, in unit laundry, and off-street parking; all the right selling points to attract great tenants at market rents. Units individually metered for all utilities, including water. Up on the hill, overlooking the hustle & energy of iconic Sunset Boulevard, its artisan eateries, local clothiers, gourmet grocers, vinyl-spinning bars, & storied live music venues. Head down to Echo Park Lake and take advantage of the exercise path, green spaces, or get adventurous and take a paddleboat out on the water. All this local flavor & close proximity to DTLA make Echo Park one of the most desirable neighborhoods in the entire country.

Listed by Joel Nass | BRE #01954931 | Clint Lukens Realty
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19454652
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,702
  • Total Rent: $3,702
  • Pro Forma/Market Rent: $3,702
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,895
  • Total Rent: $3,895
  • Pro Forma/Market Rent: $3,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,690
  • Total Rent: $3,690
  • Pro Forma/Market Rent: $3,690
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.97%
  • Gross Rent Multiplier: 13.04
  • Gross Scheduled Income: --
  • Net Operating Income: $128,872
  • Gross Operating Income: $159,899
  • Improvements Total: $110,329
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1309 Mohawk St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Refrigerator, Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5424025021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: Take Mohawk St North from Sunset Blvd - Jog left to continue on Mohawk St. Second Building on the RHS.
View more facts & features

Local Los Angeles Agent

Sale History for 1309 Mohawk St

Last sold for $2,100,000 on June 28th, 2019

  • June, 2019

  • Jun 28, 2019

    Date

    Sold

    CRMLS: 19454652

    $2,100,000

    Price

  • May 25, 2019

    Date

    Pending

    CRMLS: 19454652

    $2,150,000

    Price

  • May 13, 2019

    Date

    Active Under Contract

    CRMLS: 19454652

    $2,150,000

    Price

  • Apr 12, 2019

    Date

    Active

    CRMLS: 19454652

    $2,150,000

    Price

  • June, 2019

  • Jun 28, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • January, 2019

  • Jan 28, 2019

    Date

    Expired

    CRMLS: 18400206

    $2,250,000

    Price

  • Jan 25, 2019

    Date

    Withdrawn

    CRMLS: 18400206

    $2,250,000

    Price

  • Dec 10, 2018

    Date

    Price Change

    CRMLS: 18400206

    $2,250,000

    Price

  • Oct 24, 2018

    Date

    Active

    CRMLS: 18400206

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    CALL FOR OFFERS, BID DEADLINE FRIDAY JANUARY 18th. We are pleased to present 1309 Mohawk Street, an immaculately renovated and turn-key apartment investment opportunity in Silver Lake--LA's hippest and hottest rental market. Just REDUCED with $116,146 NOI and 5.16% actual cap. Remodeled inside and out, fully leased at market rates, the Mohawk Suites offer 5%+ cap returns with tenants paying all utilities and attractive residential financing available. Situated two blocks north of Sunset Boulevard and the intersection of Silver Lake and Echo Park, tenants enjoy immediate proximity to the neighborhood's coolest retail, dining and entertainment. Renovated down to the studs in 2018, new kitchens and baths, huge units separately metered for water, gas & electricity. Laundry in-unit. Turn of the century charm meets modern fit and finish in this fully stabilized asset within LA's most exciting growth locale.

  • January, 2019

  • Jan 21, 2019

    Date

    Expired

    CRMLS: 18305408

    $2,600

    Price

  • Feb 6, 2018

    Date

    Withdrawn

    CRMLS: 18305408

    $2,600

    Price

  • Jan 20, 2018

    Date

    Active

    CRMLS: 18305408

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Updated craftsman style apartment. No neighbors above, only one shared wall! All new appliances! Washer and dryer in unit. Call this cozy one bedroom apartment home.

  • January, 2019

  • Jan 21, 2019

    Date

    Expired

    CRMLS: 18305414

    $3,500

    Price

  • Feb 6, 2018

    Date

    Withdrawn

    CRMLS: 18305414

    $3,500

    Price

  • Jan 20, 2018

    Date

    Active

    CRMLS: 18305414

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Charming 2 bedroom apartment with 2 and a half baths and a den with french doors. Updated kitchen and bathrooms, all new stainless steel appliances and central air. New washer/dryer in unit. The apartment gets a ton of light and has a great expansive floor plan. Only one shared wall, so the large apartment feels more like a home then an apartment!

  • September, 2018

  • Sep 25, 2018

    Date

    Expired

    CRMLS: PW18147225

    $2,350,000

    Price

  • Sep 5, 2018

    Date

    Withdrawn

    CRMLS: PW18147225

    $2,350,000

    Price

  • Aug 9, 2018

    Date

    Price Change

    CRMLS: PW18147225

    $2,350,000

    Price

  • Jun 25, 2018

    Date

    Active

    CRMLS: PW18147225

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to buy a turnkey, fully rehabbed four-unit apartment property in the highly sought-after Silver Lake/Echo Park neighborhood of Los Angeles, CA. The offering consists of a three bed/two bath unit, a two bed/two and a half bath unit, a two bed/two bath unit and a one bed/one bath unit.The property has been fully renovated, interior and exterior, in the past twelve months and is fully leased up at strong, top-of-the-market rents. Because it is separately metered for all utilities, 1309 Mohawk operates with a very low expense load allowing an owner to net a larger share of the monthly rents than is typical. Additionally, since the property is four units it could potentially qualify for attractive 30-year fixed interest rate residential financing. The asset is located in one of the most popular and in-demand neighborhoods by both tenants and owners alike - Silver Lake. Consistently ranked as one of the most attractive places to live in the entire Los Angeles Metro area, Silver Lake is known for its artsy and hip vibe and is home to countless upscale eateries, coffee shops, bars, boutique shopping options and more. The property is also in an excellent commuter location, with easy access to the 2 Freeway, the 101 Freeway and numerous mass transit options. Close proximity to Hollywood and Downtown Los Angeles. The property is walking distance from major shopping options, including Vons and Rite Aid and is located within half of a mile of two elementary schools.

  • September, 2017

  • Sep 20, 2017

    Date

    Sold

    CRMLS: P0-817000823

    $1,300,000

    Price

  • Aug 23, 2017

    Date

    Pending

    CRMLS: P0-817000823

    $1,350,000

    Price

  • Jul 17, 2017

    Date

    Active

    CRMLS: P0-817000823

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Offering two buildings on one parcel, the Echo Park Four was built in 1912 and provides a great unit mix of (1)- 3 bed/ 1 bath (1)- 2 bed/ 1 bath & (2)- 1 bed/ 1 bath units. With the propertys large layout, an investor will have the opportunity to renovate and increase the cash flow by taking the units to market rents.The property is located north of Sunset Boulevard and West of Glendale Boulevard, giving tenants easy access to many of the neighborhoods offerings. The Echo Park Four is a two building asset with a wide variety of opportunity for an owner to purchase the project as a fix & flip or renovate and refinance investment.

  • September, 2017

  • Sep 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

Show More

Tax History for 1309 Mohawk St

Assessed Value (2020): $2,142,000
Year Land Value Improved Value Assessed Value
2020 $1,606,500 $535,500 $2,142,000

Home Value Compared to the Market

This property vs the competition

1309 Mohawk St sold on June 28, 2019 for 91.96% 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 $585.03 per/sqft which puts the price per square foot 19.19% lower than the current median sale per square foot for the city of Los Angeles.

About 1309 Mohawk St

Detailed summary of property

1309 Mohawk St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 3,675 living square feet, and sits on an approximately 7,501 square foot lot. 1309 Mohawk St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,100,000. 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 91.96% higher than the current median priced home. Local homes that are currently for sale include 842 Hyperion Ave, 220 N Hoover St and 1053 Figueroa Terrace. While the average home in Los Angeles, CA is selling in 106 days, 1309 Mohawk St has a days on market of 24 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 1309 Mohawk 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 1309 Mohawk St

Public county record property details
Beds
7
Baths
4
Year built
1923
Sq. Ft.
3,352
Lot Size
7,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
83
APN
5424-025-021

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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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