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1407 5Th Ave, Los Angeles, CA 90019
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1407 5Th Ave Los Angeles, CA 90019

$1,380,000
  • 6 Beds
  • 4 Baths
  • 2,509 Sq.Ft.
For Sale
$1,380,000 Get Pre-Qualified
Map preview of 1407 5Th Ave, Los Angeles, CA 90019

Property Overview: 1407 5Th Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,509 living square feet and 7,501 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: Craftsman-style duplex nestled in the vibrant and up-and-coming Arlington Heights neighborhood of Los Angeles. This exceptional 2-unit income property offers a rare opportunity to own in one of LA's most desirable areas. Investors and owner-users will discover a potential value-add opportunity to add Accessory Dwelling Unit (ADU) at the rear of the property on this large 7,500SF lot that is currently being underutilized. Situated in the heart of Mid-City, adjacent to the sought-after residential neighborhoods of Lafayette Square and Country Club Park, this property boasts easy access to the I-10 and I-110 freeways, as well as convenient proximity to public transportation, making commuting a breeze. Just minutes away from bustling Koreatown, residents will find themselves surrounded by an abundance of amenities including top-notch dining, entertainment, shopping centers, and more. Property is fully occupied and will be delivered with tenants.

Listed by Susan Lau | BRE #01516710 | Coldwell Banker Realty
Co-listed by Wasim Khoury | BRE #02153399 | Coldwell Banker Realty
Last checked: 6 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 42
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Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24373547
City
Los Angeles
County
Los Angeles
Time on Site
53 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,614
  • Total Rent: $2,614
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,517
  • Total Rent: $3,517
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.75
  • Gross Scheduled Income: --
  • Net Operating Income: $51,572
  • Gross Operating Income: $73,572
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $17,250
  • Gardener: $1,200
  • Insurance: $5,000
  • Maintenance: $3,000
  • Water/Sewer: $5,824

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Property Details for 1407 5Th Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Smoke Detector(s), Carbon Monoxide Detector(s), Window Bars
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 Parking Spaces: 5
  • Has Parking
  • Parking Features: Uncovered, Side by Side
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5072018012
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On 5th Ave., between Pico Blvd. & 15th St.
View more facts & features

Local Los Angeles Agent

Sale History for 1407 5Th Ave

Last sold for $1,060,000 on February 10th, 2020

  • March, 2024

  • Mar 27, 2024

    Date

    Active

    CRMLS: 24373547

    $1,380,000

    Price

  • April, 2021

  • Apr 24, 2021

    Date

    Expired

    CRMLS: TR20224706

    $1,190,000

    Price

  • Oct 24, 2020

    Date

    Active

    CRMLS: TR20224706

    $1,190,000

    Price

  • Oct 24, 2020

    Date

    Hold

    CRMLS: TR20224706

    $1,190,000

    Price

  • Oct 24, 2020

    Date

    Active

    CRMLS: TR20224706

    $1,190,000

    Price

  • Listing provided courtesy of CRMLS

    Rent Out One Unit and Live in the Other! Great Duplex in desirable high rental demand areas. Huge potential to increase rent value. The property is in a good condition and each unit has 3 bedrooms and 2 baths. The electric system has been upgraded recently. The property has a big backyard enough to park 6-8 cars. Great tenants who pay the rent on time.

  • February, 2020

  • Feb 12, 2020

    Date

    Sold

    CRMLS: 19471778

    $1,060,000

    Price

  • Jan 24, 2020

    Date

    Pending

    CRMLS: 19471778

    $1,099,900

    Price

  • Jan 15, 2020

    Date

    Hold

    CRMLS: 19471778

    $1,099,900

    Price

  • Aug 2, 2019

    Date

    Price Change

    CRMLS: 19471778

    $1,099,900

    Price

  • May 30, 2019

    Date

    Active

    CRMLS: 19471778

    $1,145,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing opportunity for investment property with upside potential. Duplex in a highly desirable rental area!! Property in a great condition and located in desired neighborhood. Parking lot with space for 5 or 6 cars. Low maintenance building with great tenants.

  • February, 2020

  • Feb 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,060,000

    Price

  • June, 2012

  • Jun 6, 2012

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

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Tax History for 1407 5Th Ave

Assessed Value (2020): $436,425
Year Land Value Improved Value Assessed Value
2020 $229,698 $206,727 $436,425

Home Value Compared to the Market

This property vs the competition

1407 5Th Ave is listed 10.4% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $550.02 per/sqft which puts the price per square foot 29.21% lower than the median price per square foot for the city of Los Angeles.

About 1407 5Th Ave

Detailed summary of property

1407 5Th Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 2,509 living square feet, and sits on an approximately 7,501 square foot lot. 1407 5Th Ave was first listed on ArdentRealEstateGroup.com on March 28, 2024. The homeowner is currently asking $1,380,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.4% higher than the median priced home. Local competing homes currently for sale include 2122 6th Ave, 2331 W 20th St and 893 S Norton Ave. While the average home in Los Angeles, CA is selling in 92 days, 1407 5Th Ave has a days on market of 42 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 1407 5Th 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 1407 5Th Ave

Public county record property details
Beds
4
Baths
3
Year built
1910
Sq. Ft.
2,509
Lot Size
7,501
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5072-018-012

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
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
70
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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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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