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1383 Murchison St, Los Angeles, CA 90033
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1383 Murchison St Los Angeles, CA 90033

$2,000,000 Sold Price as of 07/12/2022
  • -- Beds
  • -- Baths
  • 6,045 Sq.Ft.
Sold
$2,000,000 Sold Price as of 07/12/2022 Refinance Your Mortgage
Map preview of 1383 Murchison St, Los Angeles, CA 90033

Property Overview: 1383 Murchison St Los Angeles, CA has -- bedrooms, -- bathrooms, 6,045 living square feet and 15,071 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTMENT HIGHLIGHTS Approximately 6,045 SF Multi-Tenant Retail Center, on a 15,071 SF Lot. *Long Term NNN Lease with an experienced laundromat operator as anchor tenant. *Easy Freeway Access *Multi-tenant retail center consists of 3 units that include, a laundromat, a bible reading center and a retail/office space. Unit 1) The Laundromat is currently on a long term NNN lease through 2036. Unit 2) The Bible Study Center is NNN. Unit 3) The Retail/Office space is Month to Month. New owner can be vacate this unit (after taking possession) for an owner user, or for a new tenant. Each unit has a restroom. The site has 23 parking spaces in addition to plenty of street parking. Monthly rent...Unit 1/Laundromat: $8,467.68 (Base + CAM), Unit 2/Bible Study Center: $2,995 (Base +CAM), Unit 3/Retail Admin Studio: $1,300 (MTM). Total monthly income as of March 1, 2022 is : $12,762.26. Cap rate 6%.

Listed by Candace Kentopian | BRE #01826023 | Keller Williams Realty Los Feliz
Last checked: 14 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 84

Home details

Lot Sq. Ft
15,071
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Other
Status
Sold
MLS#
22131762
City
Los Angeles
County
Los Angeles
Time on Site
338 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $3,179
  • Trash: $907
  • Insurance: $3,702
  • Professional Management: $3,823
  • Other Expenses: $705

Property Details for 1383 Murchison St

Interior Features
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 23
Lot Information
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Source: Other
Property Information
  • Total # of Units: 3
  • Parcel Number: 5202011050
Location / Neighborhood
Location Information
  • Directions: Southwest corner of Lancaster Ave + Murchison St, two blocks east of North Soto St. Located directly across from the Ramona Gardens Public Housing Community. Just north of the 10 Freeway, and about a mile from the 5 Freeway. One mile away from The Keck Hospital of USC, at the University of Southern California Health Sciences Campus
View more facts & features

Local Los Angeles Agent

Sale History for 1383 Murchison St

Last sold for $2,000,000 on July 12th, 2022

  • July, 2022

  • Jul 12, 2022

    Date

    Sold

    CRMLS: 22131762

    $2,000,000

    Price

  • Feb 28, 2022

    Date

    Active

    CRMLS: 22131762

    $2,000,000

    Price

  • January, 2022

  • Jan 3, 2022

    Date

    Active

    CRMLS: 22115451

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTMENT HIGHLIGHTS Approximately 6,045 SF Multi-Tenant Retail Center, on a 15,071 SF Lot. *Long Term NNN Lease with an experienced laundromat operator as anchor tenant. *Easy Freeway Access *Multi-tenant retail center consists of 3 units that include, a laundromat, a bible reading center and a retail/office space. Unit 1) The Laundromat is currently on a long term NNN lease through 2036. Unit 2) The Bible Study Center is NNN. Unit 3) The Retail/Office space (approx: 1,258) is month to month. New owner can be vacate this unit (after taking possession) for an owner user, or for a new tenant. Each unit has a restroom. The site has 23 parking spaces in addition to plenty of street parking. Monthly rent...Unit 1/Laundromat: $ 8,467.68 (Base + CAM), Unit 2/Bible Study Center: $2,995 (Base +CAM), Unit 3/Retail Admin Studio: $1,300 (MTM). Total monthly income as of March 1, 2022 is : $12,762.26. Cap rate 6%.

  • February, 2020

  • Feb 12, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,725,000

    Price

  • November, 2008

  • Nov 6, 2008

    Date

    Sold (Public Records)

    Public Records

    $510,000

    Price

Show More

Tax History for 1383 Murchison St

Assessed Value (2020): $611,496
Year Land Value Improved Value Assessed Value
2020 $529,863 $81,633 $611,496

Home Value Compared to the Market

This property vs the competition

1383 Murchison St sold on July 12, 2022 for 68.07% 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 $330.85 per/sqft which puts the price per square foot 56.18% lower than the current median sale per square foot for the city of Los Angeles.

About 1383 Murchison St

Detailed summary of property

1383 Murchison St is a other that recently sold in Los Angeles, CA 90033. This property offered -- bedrooms, -- bathrooms, roughly 6,045 living square feet, and sits on an approximately 15,071 square foot lot. 1383 Murchison St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,000,000. 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 68.07% higher than the current median priced home. Local homes that are currently for sale include 101 S Mariposa, 1108 N Kenmore Ave and 2972 W Pico Blvd. While the average home in Los Angeles, CA is selling in 94 days, 1383 Murchison St has a days on market of 84 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 1383 Murchison St 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 1383 Murchison St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
4,738
Lot Size
15,031
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
1-3
APN
5202-011-050

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
$778,000
Median List Price/Sq.Ft.
$536
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
13
Median Sale to List Price %
--
Avg Days on Market
--
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.

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