1327 Pennsylvania Ave, Los Angeles, CA 90033
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1327 Pennsylvania Ave Los Angeles, CA 90033

$1,099,000
  • 7 Beds
  • 3.25 Baths
  • 3,072 Sq.Ft.
Back Up Offer
$1,099,000 Get Pre-Qualified

Map preview of 1327 Pennsylvania Ave, Los Angeles, CA 90033

Property Overview: 1327 Pennsylvania Ave Los Angeles, CA has 7 bedrooms, 3.25 bathrooms, 3,072 living square feet and 5,644 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Million Dollar DTLA Skyline Views! Situated one exit away from DTLA off the 101 freeway in the heart of Boyle Heights and in one of its most view-friendly streets just outside of Downtown LA. This property stands as a testament to the neighborhood's rich history and promising future. Escape run of the mill and rushed back to market properties as this one has not been on the market for over 21 years. Sewer upgrade done 9 years ago. The 4 bedroom is also for lease at $4100/monthly. Lease or buy whichever occurs first. The 3 bedroom occupied by long term tenants. Immerse yourself in a living masterpiece where historic architectural features harmonize seamlessly with contemporary conveniences. The 4 bedroom side of duplex professionally updated, remodeled and reimagined with the services of both an architect (kitchen and garage) and also a designer (colors, wallpaper and all else) were engaged to offer a unique blend of old-world charm and modern sophistication. As you enter the front door, be greeted by the warm glow of new lighting fixtures perfectly complementing the timeless design of the home. Experience the allure of refurbished hardwood floors meticulously restored in the stairs, living and dining room areas leading you through rooms framed by wood moldings that have been painstakingly scraped, restored, and re-varnished to breathe life back into their exquisite craftsmanship echoing the elegance of a bygone era. Discover the luxury of a double oven, a true rarity, alongside a microwave, a slick vent hood, and electric range cooktop and designer grade tiles with custom made cabinets and quartz countertop. Benefit with peace of mine from the City of L.A. Building and Safety's recent closed (not just pulled) Year 2023: adding 2 downstairs baths(1 each unit), update kitchen electricals, installing 2 new water heaters, range hood. Year 2021: permit for extra electric meter for common areas. The shared basement access houses a washer/dryer, fostering a sense of community with the next-door neighbor. Say goodbye to parking issues with the private garages included with this residence. Make this your next residence and enjoy the captivating views of the Downtown skyline and say goodbye to long commutes as you choose to be closer to all Downtown has to offer. Come take a look but leave your shoes at the front and experience the beauty of the downstairs refurbished hardwood. Interior pics of 1329 Penn. only (4 bed unit).

Listed by Jose Leiva | BRE #01219706 | Century 21 Allstars
Last checked: 12 minutes ago | Last updated: June 10th, 2024 | Source CRMLS | DOM: 140
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Home details

Lot Sq. Ft
5,644
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Duplex
Status
Back Up Offer
MLS#
DW24037363
City
Los Angeles
County
Los Angeles
Time on Site
140 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,842
  • Total Rent: $1,842
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $6,152
  • Net Operating Income: $5,692
  • Gross Operating Income: $6,100
  • Vacancy Allowance: $122
  • # of Rented Garages: 1
  • Garage Rental Rate: $65
  • Laundry Income: $85
  • Laundry Own/Lease: Lease
  • Personal Property: $5,500
Annual Expense Breakdown
  • Total Operating Expense: $460
  • Electric: $39
  • Trash: $76
  • Gardener: $80
  • Insurance: $100
  • Water/Sewer: $165

Open Houses for 1327 Pennsylvania Ave

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Property Details for 1327 Pennsylvania Ave

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • All Bedrooms Up
Kitchen Information
  • Has Appliances
  • Double Oven, Electric Range, Microwave
Interior Features
  • Quartz Counters
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5174017006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Repairs Major
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: One exit before or after Downtown Exit Mission Rd, go East on Cesar Chavez and left on Pennsylvania Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 1327 Pennsylvania Ave

Last leased for $4,100 on April 30th, 2024
  • April, 2024

  • Apr 30, 2024

    Date

    Leased

    CRMLS: DW24011180

    $4,100

    Price

  • Jan 25, 2024

    Date

    Active

    CRMLS: DW24011180

    $4,150

    Price

  • Listing provided courtesy of CRMLS

    Was For Sale under contract. Sale did not go through. Back On The Market as Lease.4/1/24...Million Dollar DTLA Skyline Views! Just one exit away from DTLA off 101 freeway and situated in the heart of Boyle Heights and in one of its most view-friendly streets just outside of Downtown LA. Property also for sale $1,099,000 listing # DW24037363. Lease or buy whichever occurs first. This residence stands as a testament to the neighborhood's rich history and promising future. Escape run of the mill and rushed back to market rentals. Immerse yourself in a living masterpiece where historic architectural features harmonize seamlessly with contemporary conveniences with the type of quality, detail, artistry and thoughtfulness typically reserved and observed only in the for sale market. This 4 bedroom side of a duplex professionally updated, remodeled and reimagined with the services of both an architect (kitchen and garage) and also a designer (colors, wallpaper and all else) were engaged to offer a unique blend of old-world charm and modern sophistication. As you enter the front door, be greeted by the warm glow of new lighting fixtures perfectly complementing the timeless design of the home. Experience the allure of refurbished hardwood floors meticulously restored in the stairs, living and dining room areas leading you through rooms framed by wood moldings that have been painstakingly scraped, restored, and re-varnished to breathe life back into their exquisite craftsmanship echoing the elegance of a bygone era. Deposit may slightly change depending on credit and financials. Discover the luxury of a double oven, a true rarity, alongside a microwave, a slick vent hood, and electric range cooktop and designer grade tiles with custom made cabinets and quartz countertop. Benefit with peace of mine from the City of Los Angeles Building and Safety's recent closed (not just pulled) permits in 2023, adding an extra bathroom, updating kitchen electricals, installing a new water heater, and enhancing the range hood and outside extra electric meter permit pulled and closed in 2021 with outside power paid by landlord. The shared basement access houses a washer/dryer, fostering a sense of community with the next-door neighbor. Say goodbye to parking issues with the private garage that's included with this residence.

  • April, 2024

  • Apr 21, 2024

    Date

    Back Up Offer

    CRMLS: DW24037363

    $1,099,000

    Price

  • Feb 23, 2024

    Date

    Active

    CRMLS: DW24037363

    $1,159,999

    Price

  • October, 2002

  • Oct 29, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2000

  • Apr 24, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1327 Pennsylvania Ave

Assessed Value (2020): $357,548
Year Land Value Improved Value Assessed Value
2020 $145,666 $211,882 $357,548

Home Value Compared to the Market

This property vs the competition

1327 Pennsylvania Ave is listed 8.42% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $769 and this home is listed at $357.75 per/sqft which puts the price per square foot 53.48% lower than the median price per square foot for the city of Los Angeles.

About 1327 Pennsylvania Ave

Detailed summary of property

1327 Pennsylvania Ave is a duplex located in Los Angeles, CA 90033 and is currently in escrow to be sold. This duplex offers 7 bedrooms, 3.25 bathrooms, roughly 3,072 living square feet, and sits on an approximately 5,644 square foot lot. 1327 Pennsylvania Ave was first listed on ArdentRealEstateGroup.com on February 23, 2024. The homeowner is currently asking $1,099,000 and was originally asking $1,159,999. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $769. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.42% lower than the median priced home. Local competing homes currently for sale include 648 N Grand Ave, 3064 Ganahl St and 817 Centennial St. While the average home in Los Angeles, CA is selling in 101 days, 1327 Pennsylvania Ave has a days on market of 140 days. There are currently 3970 homes for sale in the Los Angeles real estate market and 2658 of them are single family homes while 1194 of them are condos and 110 are townhomes. For more information on this home for sale at 1327 Pennsylvania Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1327 Pennsylvania Ave

Public county record property details
Beds
6
Baths
2
Year built
1924
Sq. Ft.
3,072
Lot Size
5,642
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5174-017-006

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$700,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$407
Total Inventory
13
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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.