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1322 Valencia St, Los Angeles, CA 90015
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1322 Valencia St Los Angeles, CA 90015

$925,000 Sold Price as of 04/30/2021
  • 4 Beds
  • 5 Baths
  • 2,491 Sq.Ft.
Sold
$925,000 Sold Price as of 04/30/2021 Refinance Your Mortgage
Map preview of 1322 Valencia St, Los Angeles, CA 90015

Property Overview: 1322 Valencia St Los Angeles, CA has 4 bedrooms, 5 bathrooms, 2,491 living square feet and 5,997 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: See this great investment opportunity in downtown Los Angeles! This triplex features a 2-bedroom, 2-bathroom upstairs unit, a 2-bedroom, 2-bathroom downstairs unit, and a studio unit in the back with washer and dryer hookups for both upstairs and downstairs units. The seller has maintained this historic home well, and has completed several recent upgrades, including new plumbing throughout, new electrical throughout, new water heater in the upstairs unit, a new roof, a newly painted exterior, new heaters throughout, and a recently remodeled back unit with new bathroom floor and toilet. There is potential to put an additional rental unit in the back with the existing structure adjacent to the garage. This property is walking distance to the Los Angeles Convention Center and the STAPLES Center.

Listed by Todd Anderson | BRE #02077325 | IMPACT Properties, Inc
Co-listed by Aaron Zapata | BRE #01356534 | IMPACT Properties, Inc
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,997
HOA Dues
$0/mo
Year built
1905
Garage
1 Car
Property Type:
Triplex
Status
Sold
MLS#
PW21009605
City
Los Angeles
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,236
  • Total Rent: $2,236
  • Pro Forma/Market Rent: $2,236
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,297
  • Total Rent: $1,297
  • Pro Forma/Market Rent: $1,362
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $858
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $52,296
  • Net Operating Income: $47,911
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,385
  • Electric: $0
  • Gas/Fuel: $353
  • New Taxes: $0
  • Trash: $0
  • Gardener: $720
  • Insurance: $0
  • Water/Sewer: $2,244

Virtual Tour

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Property Details for 1322 Valencia St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Laminate
  • Entry, Family Room, Kitchen, Laundry, Living Room, Master Bedroom, Walk-In Closet
Interior Features
  • Balcony, Copper Plumbing Full, Living Room Balcony
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
  • Other Structures: Outbuilding, Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Level with Street, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5135034004
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Other Subdivision Name: The Greenwell Tract
  • Directions: Heading West on W. Pico Blvd., pass the 110 frwy and turn left on Valencia (2 streets after the 110)
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1322 Valencia St

Last sold for $925,000 on April 30th, 2021

  • April, 2021

  • Apr 30, 2021

    Date

    Sold

    CRMLS: PW21009605

    $925,000

    Price

  • Apr 8, 2021

    Date

    Pending

    CRMLS: PW21009605

    $950,000

    Price

  • Feb 22, 2021

    Date

    Active Under Contract

    CRMLS: PW21009605

    $950,000

    Price

  • Feb 3, 2021

    Date

    Price Change

    CRMLS: PW21009605

    $950,000

    Price

  • Jan 19, 2021

    Date

    Active

    CRMLS: PW21009605

    $1,000,000

    Price

  • January, 1995

  • Jan 31, 1995

    Date

    Sold (Public Records)

    Public Records

    $146,000

    Price

  • May, 1994

  • May 18, 1994

    Date

    Sold (Public Records)

    Public Records

    $142,327

    Price

Show More

Tax History for 1322 Valencia St

Assessed Value (2020): $314,831
Year Land Value Improved Value Assessed Value
2020 $184,296 $130,535 $314,831

Home Value Compared to the Market

This property vs the competition

1322 Valencia St sold on April 30, 2021 for 15.18% lower 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 $381.37 per/sqft which puts the price per square foot 47.32% lower than the current median sale per square foot for the city of Los Angeles.

About 1322 Valencia St

Detailed summary of property

1322 Valencia St is a triplex that recently sold in Los Angeles, CA 90015. This triplex offered 4 bedrooms, 5 bathrooms, roughly 2,491 living square feet, and sits on an approximately 5,997 square foot lot. 1322 Valencia St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $925,000. 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 15.18% lower than the current median priced home. Local homes that are currently for sale include 243 E 29th St, 622 E 24th St and 2504 Trinity St. While the average home in Los Angeles, CA is selling in 106 days, 1322 Valencia St has a days on market of 34 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 1322 Valencia St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1322 Valencia St

Public county record property details
Beds
4
Baths
3
Year built
--
Sq. Ft.
2,491
Lot Size
5,996
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5135-034-004

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$745,000
Median List Price/Sq.Ft.
$704
Median Sold Price
$460,000
Median Sold Price/Sq.Ft.
$519
Total Inventory
94
Median Sale to List Price %
102.22%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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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