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1325 Masselin Ave, Los Angeles, CA 90019
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1325 Masselin Ave Los Angeles, CA 90019

$1,559,000 Sold Price as of 02/14/2020
  • 8 Beds
  • 4 Baths
  • 5,056 Sq.Ft.
Sold
$1,559,000 Sold Price as of 02/14/2020 Refinance Your Mortgage
Map preview of 1325 Masselin Ave, Los Angeles, CA 90019

Property Overview: 1325 Masselin Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,056 living square feet and 5,807 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This investment opportunity offers varying features, new windows and screens, re-stucco and fresh exterior paint,new doors, repaired driveway and parking area, cooper piping, newer roof, upgraded wall furnaces,water heaters, and more. Low maintenance expense. 1 unit with numerous updates, including plumbing, updated kitchen. Drive by only, please do not disturb tenants! Any and all reasonable offers welcome, Owner clearly aware of value in the neighborhood. 1352 Masselin Ave, consists of four 2 BR/1 Bath units with over 1,260 Sq Ft living spaces, The subject property is located in the PicFair area, that has high demand, that easily attracts high income renters. Property is close to Hollywood, Beverly Hills, Downtown L A, LAX, and the beaches. Property to be sold in it's present physical condition, with little or no repairs. No seller's credit available.

Listed by Ricardo Munoz | BRE #00912335 | Excellence RE Real Estate
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
5,807
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW19264134
City
Los Angeles
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,472
  • Total Rent: $1,472
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 17.8
  • Gross Scheduled Income: $83,424
  • Net Operating Income: $54,834
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,590
  • Licenses: $98
  • New Taxes: $18,748
  • Trash: $0
  • Gardener: $540
  • Insurance: $1,404
  • Maintenance: $3,600
  • Water/Sewer: $4,200

Property Details for 1325 Masselin Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Kitchen
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Gentle Sloping
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5085029028
  • Year Built Source: Assessor
  • 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
  • Directions: North of Pico Blvd, West of Houser Blvd & Carmona, East of Sierra Bonita, South of San Vicente Blvd, XSt Packard
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1325 Masselin Ave

Last sold for $649,000 on December 2nd, 2020

  • December, 2020

  • Dec 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $649,000

    Price

  • February, 2020

  • Feb 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,559,000

    Price

  • February, 2020

  • Feb 15, 2020

    Date

    Sold

    CRMLS: DW19264134

    $1,559,000

    Price

  • Dec 28, 2019

    Date

    Pending

    CRMLS: DW19264134

    $1,499,900

    Price

  • Nov 27, 2019

    Date

    Active Under Contract

    CRMLS: DW19264134

    $1,499,900

    Price

  • Nov 16, 2019

    Date

    Active

    CRMLS: DW19264134

    $1,499,900

    Price

  • November, 2016

  • Nov 22, 2016

    Date

    Leased

    CRMLS: 16179516

    $2,150

    Price

  • Nov 20, 2016

    Date

    Hold

    CRMLS: 16179516

    $2,150

    Price

  • Nov 11, 2016

    Date

    Active

    CRMLS: 16179516

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    Old-world charm abounds in this light-filled unit that feels like a detached home with hardwood floors, archways throughout and original bathroom tiles. Great location with easy access to Downtown LA, Beverly Hills, West LA and Santa Monica. Walking distance to neighborhood restaurants and cafes. This top floor unit has two good-sized bedrooms and a utility room with stackable washer/dryer off kitchen. Tenant pays gas and electricity.

  • October, 2013

  • Oct 1, 2013

    Date

    Price Change

    CRMLS: 13708267

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Old-world charm abounds in this light-filled unit that feels like a detached home with hardwood floors, archways throughout and original bathroom tiles. Great location with easy access to Downtown LA, Beverly Hills, West LA and Santa Monica. Walking distance to neighborhood restaurants and cafes. This ground floor unit has two good-sized bedrooms and a utility room with stackable washer/dryer off kitchen. Tenant pays gas and electricity.

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Tax History for 1325 Masselin Ave

Assessed Value (2020): $99,920
Year Land Value Improved Value Assessed Value
2020 $48,839 $51,081 $99,920

Home Value Compared to the Market

This property vs the competition

1325 Masselin Ave sold on February 14, 2020 for 26.04% 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 $296.66 per/sqft which puts the price per square foot 60.71% lower than the current median sale per square foot for the city of Los Angeles.

About 1325 Masselin Ave

Detailed summary of property

1325 Masselin Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,056 living square feet, and sits on an approximately 5,807 square foot lot. 1325 Masselin Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,559,000. 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 26.04% higher than the current median priced home. Local homes that are currently for sale include 1504 S Mansfield Ave, 2000 Clyde Ave and 1119-1121 S Orange Dr. While the average home in Los Angeles, CA is selling in 93 days, 1325 Masselin Ave has a days on market of 10 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 1325 Masselin Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1325 Masselin Ave

Public county record property details
Beds
8
Baths
4
Year built
1929
Sq. Ft.
5,056
Lot Size
5,807
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
201
APN
5085-029-028

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Recently Sold Homes Near 1325 Masselin Ave

1319 Masselin Ave, Los Angeles, CA 90019
$1,775,000 Last Sold Price
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7 Baths
-- Sq.Ft.
1319 Masselin Ave
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1308 Masselin Ave, Los Angeles, CA 90019
$1,735,000 Last Sold Price
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1356 Masselin Ave, Los Angeles, CA 90019
$1,435,000 Last Sold Price
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1366 Masselin Ave, Los Angeles, CA 90019
$1,625,000 Last Sold Price
5 Beds
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1366 Masselin Ave
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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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