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1361 Riverside Dr, Los Angeles, CA 90031
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1361 Riverside Dr Los Angeles, CA 90031

$739,000 Sold Price as of 03/18/2020
  • 5 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$739,000 Sold Price as of 03/18/2020 Refinance Your Mortgage
Map preview of 1361 Riverside Dr, Los Angeles, CA 90031

Property Overview: 1361 Riverside Dr Los Angeles, CA has 5 bedrooms, 3 bathrooms, -- living square feet and 3,701 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The property is located near Down Town Los Angeles, Hollywood, Los Feliz, and Atwater Village. 10 minutes to Glendale Galleria shopping mall and a popular Americana Shopping Mall. The top unit up stair (2 bedrooms and 1 bath) will be vacant at closing of escrow. It is great for owner occupied and have 2nd unit to help pay the mortgage. Ground unit (3 bedrooms and 2 baths) is bigger than the top unit. There are 4 spaces parking on site . Both Units are remodeled in the last 3 years.The the rent on the tenant's unit (Ground floor) due to increase on April 1,2020) Rent on the top unit is projected.

Listed by Somboon Nakorn | BRE #00987926 | Keller Williams Glendale
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
3,701
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19536732
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,800
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Actual Rent: $1,450
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.95
  • Gross Scheduled Income: --
  • Net Operating Income: $25,301
  • Gross Operating Income: $37,050
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1361 Riverside Dr

Interior Features
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5445027053
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Association Amenities: Cable TV
Location / Neighborhood
Location Information
  • Directions: from Fwy 5 to north , exit at Riverside drive, turn right, stay on the left of Riverside drive, at the corner of Riverdale ave on the left
View more facts & features

Local Los Angeles Agent

Sale History for 1361 Riverside Dr

Last sold for $739,000 on March 18th, 2020

  • March, 2020

  • Mar 22, 2020

    Date

    Sold

    CRMLS: 19536732

    $739,000

    Price

  • Feb 12, 2020

    Date

    Pending

    CRMLS: 19536732

    $699,900

    Price

  • Jan 26, 2020

    Date

    Active Under Contract

    CRMLS: 19536732

    $699,900

    Price

  • Jan 24, 2020

    Date

    Hold

    CRMLS: 19536732

    $699,900

    Price

  • Dec 13, 2019

    Date

    Active

    CRMLS: 19536732

    $699,900

    Price

  • March, 2020

  • Mar 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $739,000

    Price

  • October, 2014

  • Oct 30, 2014

    Date

    Sold (Public Records)

    Public Records

    $435,000

    Price

  • October, 2014

  • Oct 6, 2014

    Date

    Price Change

    CRMLS: 314032027

    $435,000

    Price

  • Listing provided courtesy of CRMLS

    This is a perfect investors dream or an owner who wants to rent one of the units and live in the other. Both units are vacant enabling the new owners to collect the market rate for rents. The upstairs unit has 2 bedrooms, one bath and is very light and bright and has an eat in area in the kitchen with a stove (without warranty). It has been freshly painted and the floors have been redone.The bathroom has been upgraded. The downstairs unit has a master bedroom with its own upgraded bathroom plus 2 more bedrooms and a 3/4 bathroom. Floors have been redone and all rooms have been freshly painted. There is a brand new gas stove top, oven and hood plus a roomy eat-in-area in the kitchen with plenty of windows making this unit very light and bright. There is no garage but there is plenty of parking space within the completely fenced area of the property.

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Tax History for 1361 Riverside Dr

Assessed Value (2020): $478,033
Year Land Value Improved Value Assessed Value
2020 $340,668 $137,365 $478,033

Home Value Compared to the Market

This property vs the competition

1361 Riverside Dr sold on March 18, 2020 for 41.18% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1361 Riverside Dr

Detailed summary of property

1361 Riverside Dr is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 5 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 3,701 square foot lot. 1361 Riverside Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $739,000. 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 41.18% lower than the current median priced home. Local homes that are currently for sale include 3862 N Broadway, 2010 Valley St and 130 S Clarence St. While the average home in Los Angeles, CA is selling in 92 days, 1361 Riverside Dr has a days on market of 44 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1361 Riverside Dr Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1361 Riverside Dr

Public county record property details
Beds
5
Baths
3
Year built
1969
Sq. Ft.
1,785
Lot Size
3,701
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
194
APN
5445-027-053

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$661
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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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