1315 Bates Ave Los Angeles, CA 90027

$1,200,000 Sold Price as of 04/26/2016

14 Beds
12 Baths
6,860 Sq.Ft.

Off Market

$1,200,000 Sold Price as of 04/26/2016 Refinance Your Mortgage

Map preview of 1315 Bates Ave, Los Angeles, CA 90027

Property Overview: 1315 Bates Ave Los Angeles, CA has 14 bedrooms, 12 bathrooms, 6,860 living square feet and 6,791 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1315 Bates Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 1315 Bates Ave

Last sold for $1,200,000 on April 26th, 2016

October, 2023
Oct 11, 2023

Date

Canceled

CRMLS: AR23156415

$3,100,000

Price
Aug 21, 2023

Date

Active

CRMLS: AR23156415

$3,100,000

Price
Listing provided courtesy of CRMLS

1315 Bates Ave, a value-add investment offering perfectly located in the Los Feliz/Silver Lake area. It is centrally located just minutes away from Franklin Hills, Hollywood, Glendale, Larchmont Village, Paramount Studios, Silverlake & Los Angeles City College. It is located right across from a well-known Magnet school (Thomas Starr Middle School). This well located and HIGH Proforma CAP Rate Value-Add investment offering provides investors an excellent opportunity to buy in a very strong rental submarket with strong demand. The current rents are below market with an estimated 23% rental upside. It is in an excellent demographics area with ±$124,364 average household income within a-mile radius, and a Walk Score of 90 (walker’s paradise). The property is a 2-story apartment built in 1964. It consists of 7 units totaling 6,860 SF of living area on a sizeable 6,792 SF lot. It offers an excellent unit mix of 2 x 3bed+2bath, 3 x 2bed+2bath, and 2 x 1bed+1bath units. Most of the units have excellent layouts with some units updated (#1, #6). The updated units have new flooring, smooth ceiling, ceiling fans, updated kitchen, and tiled bathroom. Unit #1 has direct access to 1 parking garage. Each unit has windows A/C and wall heater, and ceiling fans. The community has security cameras installed and serviced by shared laundry room (seller own machines). The parking seismic retrofit has been completed. It is individually metered for electricity and gas and offers 7 parking spaces with 1 garage and 6 covered parking spaces. The building is serviced by a master water heater/boiler.

Continue Reading
April, 2016
Apr 26, 2016

Date

Sold (Public Records)

Public Records

$1,200,000

Price
April, 2016
Apr 26, 2016

Date

Sold (Public Records)

Public Records

--

Price
March, 2015
Mar 19, 2015

Date

Price Change

CRMLS: 315002745

$2,800

Price
Listing provided courtesy of CRMLS

In Los Feliz/Silverlake area. Beautifully remodeled 3 bedroom and 2 baths with modern kitchen. Quartz counter top, built in stainless steel appliances. New hardwood all through out. Very large balcony, and all vinyl sliding doors and windows with low E glass. Very bright and airy unit. No smoking unit and must have excellent credit. 1 car parking

Continue Reading

Tax History for 1315 Bates Ave

Assessed Value (2020): $1,300,876

Year	Land Value	Improved Value	Assessed Value
2020	$909,242	$391,634	$1,300,876

About 1315 Bates Ave

Detailed summary of property

1315 Bates Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90027 and last sold on April 26, 2016 for $1,200,000. This property has 14 bedrooms, 12 bathrooms, roughly 6,860 living square feet, and sits on an approximately 6,791 square foot lot. Homes 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 7.14% higher than the current median priced home. 1315 Bates Ave was last sold on April 26, 2016 for $1,200,000. Local nearby listings include 1923 Hollyvista Ave, 1934 Lucile Ave and 4273 Holly Knoll Dr. The average home in Los Angeles, CA is selling in 105 days. There are currently 4185 homes for sale in the Los Angeles real estate market and 2867 of them are single family homes while 1195 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1315 Bates Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1315 Bates Ave

Public county record property details

Beds: 14
Baths: 12
Year built: 1964
Sq. Ft.: 6,860
Lot Size: 6,791
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14
APN: 5430-031-014

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,495,000

Median List Price/Sq.Ft.

$928

Median Sold Price

$2,340,000

Median Sold Price/Sq.Ft.

$1,093

Total Inventory

Median Sale to List Price %

126.55%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote