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1333 Bates Ave, Los Angeles, CA 90027
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1333 Bates Ave Los Angeles, CA 90027

$1,970,000 Sold Price as of 08/16/2019
  • 30 Beds
  • 20 Baths
  • 3,720 Sq.Ft.
Sold
$1,970,000 Sold Price as of 08/16/2019 Refinance Your Mortgage
Map preview of 1333 Bates Ave, Los Angeles, CA 90027

Property Overview: 1333 Bates Ave Los Angeles, CA has 30 bedrooms, 20 bathrooms, 3,720 living square feet and 6,794 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Non-rent control fourplex, a rarity in 90027 zip code. Remarkably priced at $474,250 per unit. A possible great condo alternative since no 3 bedroom/2 bathrooms condo anywhere in the area at this price. Current rents have big upside potential for investors, specially with some updates/improvements of the original features. Great for owner/family occupied buyer since rental income can help pay mortgage. So conveniently located, within close proximity to Downtown, Hollywood, Griffith Observatory, Silverlake, and Glendale/Burbank areas. Accessible to all freeways, Los Feliz Library, public transport and great restaurants.

Listed by Monette Torrilla Whitman | BRE #00897239 | Monette Torrilla Whitman
Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,794
HOA Dues
$0/mo
Year built
1988
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19486808
City
Los Angeles
County
Los Angeles
Time on Site
1211 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,365
  • Total Rent: $28,380
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $28,800
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $27,540
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,360
  • Total Rent: $28,320
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.17%
  • Gross Rent Multiplier: 16.78
  • Gross Scheduled Income: --
  • Net Operating Income: $98,158
  • Gross Operating Income: $113,040
  • Improvements Total: $149,373
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1333 Bates Ave

Interior Features
Laundry Information
  • No Laundry
  • None, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • See Remarks
Kitchen Information
  • Has Appliances
  • Counter Top
Interior Features
  • Balcony
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5430031010
  • Accessibility Features: None
Location / Neighborhood
Location Information
  • Directions: North of Fountain Ave., South of Sunset Drive and West of Hollywood Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1333 Bates Ave

Last sold for $1,970,000 on August 16th, 2019

  • January, 2022

  • Jan 25, 2022

    Date

    Canceled

    CRMLS: 22121187

    $2,295,000

    Price

  • Jan 24, 2022

    Date

    Active

    CRMLS: 22121187

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    This rare fourplex in Los Feliz sits on a beautiful, quiet, and safe residential street. Built in 1988, all units are 3 bedrooms and 2 full bathrooms. Located in the hot sub-market of Los Angeles and within walking distance of the trendy restaurants and shops along Sunset Blvd (Silver Lake). Kaiser Permanente, Children's Hospital of Los Angeles, and Hollywood Presbyterian Medical Center are only a few blocks away. This is an amazing property that will be delivered with one unit vacant to allow the buyer to reap the upside benefits. Current rents have big upside potential for investors, especially with some updates/improvements to the original features. All units are individually metered for both gas and electricity. All units are on a month-to-month tenancy. Please do not disturb residents! Drive-by only, contact the listing agent before walking onto the property. The listing agent has partial ownership of the property.

  • July, 2021

  • Jul 22, 2021

    Date

    Price Change

    CRMLS: 21699018

    $2,200,000

    Price

  • Jul 6, 2021

    Date

    Price Change

    CRMLS: 21699018

    $2,275,000

    Price

  • Jul 6, 2021

    Date

    Active

    CRMLS: 21699018

    $2,350,000

    Price

  • Apr 23, 2021

    Date

    Withdrawn

    CRMLS: 21699018

    $2,350,000

    Price

  • Apr 9, 2021

    Date

    Price Change

    CRMLS: 21699018

    $2,350,000

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: 21699018

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    This rare fourplex in Los Feliz sits on a beautiful, quiet, and safe residential street. Built in 1988, all units are 3 bedrooms and 2 full bathrooms. Located in the hot sub-market of Los Angeles and within walking distance of the trendy restaurants and shops along Sunset Blvd (Silver Lake). Kaiser Permanente, Children's Hospital of Los Angeles, and Hollywood Presbyterian Medical Center are only a few blocks away. This is an amazing property that will be delivered with one unit vacant to allow the buyer to reap the upside benefits. Current rents have big upside potential for investors, especially with some updates/improvements to the original features. All units are individually metered for both gas and electricity. All units are on a month-to-month tenancy. Please do not disturb residents! Drive-by only, contact the listing agent before walking onto the property. The listing agent has partial ownership of the property.

  • August, 2019

  • Aug 17, 2019

    Date

    Sold

    CRMLS: 19486808

    $1,970,000

    Price

  • Jul 27, 2019

    Date

    Pending

    CRMLS: 19486808

    $1,897,000

    Price

  • Jul 19, 2019

    Date

    Active Under Contract

    CRMLS: 19486808

    $1,897,000

    Price

  • Jul 10, 2019

    Date

    Active

    CRMLS: 19486808

    $1,897,000

    Price

  • August, 2019

  • Aug 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,970,000

    Price

Show More

Tax History for 1333 Bates Ave

Assessed Value (2020): $1,970,000
Year Land Value Improved Value Assessed Value
2020 $1,400,000 $570,000 $1,970,000

Home Value Compared to the Market

This property vs the competition

1333 Bates Ave sold on August 16, 2019 for 59.41% 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 $509.95 per/sqft which puts the price per square foot 32.46% lower than the current median sale per square foot for the city of Los Angeles.

About 1333 Bates Ave

Detailed summary of property

1333 Bates Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 30 bedrooms, 20 bathrooms, roughly 3,720 living square feet, and sits on an approximately 6,794 square foot lot. 1333 Bates Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,970,000. 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 59.41% higher than the current median priced home. Local homes that are currently for sale include 867 N Alexandria Ave, 1627 Mccollum St and 801 N Alexandria Ave. While the average home in Los Angeles, CA is selling in 94 days, 1333 Bates Ave has a days on market of 8 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1333 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 1333 Bates Ave

Public county record property details
Beds
12
Baths
8
Year built
1988
Sq. Ft.
3,720
Lot Size
6,794
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5430-031-010

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
$2,399,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
84
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

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Recently Sold Homes Near 1333 Bates Ave

4257 Fountain Ave, Los Angeles, CA 90029
$845,000 Last Sold Price
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2 Baths
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1321 Bates Ave, Los Angeles, CA 90027
$1,150,000 Last Sold Price
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$1,341,021 Last Sold Price
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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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