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1416 Malvern Ave, Los Angeles, CA 90006
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1416 Malvern Ave Los Angeles, CA 90006

$800,000 Sold Price as of 07/26/2023
  • 7 Beds
  • 5 Baths
  • 3,135 Sq.Ft.
Sold
$800,000 Sold Price as of 07/26/2023 Refinance Your Mortgage
Map preview of 1416 Malvern Ave, Los Angeles, CA 90006

Property Overview: 1416 Malvern Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 3,135 living square feet and 6,366 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCED TO FAST SELL!!! Well Maintenance 4 Unit Income property, located on of most desired rental place, within minutes of DTLA, Korea town and USC. New Pavement , New Roofing with City Permit (2018), New Exterior Paint with City Permit (2021), Foundation Repaired(2019) and with light remodeling all units. Rent can be raised up to 7%. All utilities are paid by the owner. See attached for CAP/GRM One of units is belongs to Section 8. The property located "ALVARADO TERRACE HISTORIC DISTRICT PARK(cozy and cleaned)" is a designated historic district in the Pico-Union district of Los Angeles. $400 is the storage rental income as M-T-M.

Listed by Eui Chang | BRE #01722361 | The H Realty
Last checked: 3 minutes ago | Last updated: July 27th, 2023 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
6,366
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23272875
City
Los Angeles
County
Los Angeles
Time on Site
348 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,234
  • Total Rent: $1,234
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,094
  • Total Rent: $1,094
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1416 Malvern Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 5135007004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Pico/North of Venice
View more facts & features

Local Los Angeles Agent

Sale History for 1416 Malvern Ave

Last sold for $800,000 on July 26th, 2023

  • July, 2023

  • Jul 26, 2023

    Date

    Sold

    CRMLS: 23272875

    $800,000

    Price

  • May 22, 2023

    Date

    Active

    CRMLS: 23272875

    $849,000

    Price

  • December, 2022

  • Dec 23, 2022

    Date

    Expired

    CRMLS: 22201799

    $899,999

    Price

  • Sep 21, 2022

    Date

    Active

    CRMLS: 22201799

    $899,999

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED TO FAST SELL!!! JUST PASSED HOUSING CITY INSPECTION.!!! Well maintenance 4 Unit Income property, located on of most desired rental place, within minutes of DTLA, Korea town and USC. New Pavement , New Roofing with City Permit (2018), New Exterior Paint with City Permit (2021), Foundation Repaired(2019) and with light remodeling all units. Rent can be raised up to 7%. One of units is belongs to LAFH.ORG with rental payment support. The property located "ALVARADO TERRACE HISTORIC DISTRICT PARK(cozy and cleaned)" is a designated historic district in the Pico-Union district of Los Angeles. $400 is the storage rental income as M-T-M

  • July, 2022

  • Jul 30, 2022

    Date

    Expired

    CRMLS: 22151755

    $998,000

    Price

  • Apr 29, 2022

    Date

    Active

    CRMLS: 22151755

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCED TO FAST SELL!!! JUST PASSED HOUSING CITY INSPECTION.!!! Well maintenance 4 Unit Income property, located on of most desired rental place, within minutes of DTLA, Korea town and USC. New Pavement , New Roofing with City Permit (2018), New Exterior Paint with City Permit (2021), Foundation Repaired(2019) and with light remodeling all units. All tenant paid on time rental payment during Pandemic. One of units is belongs to LAFH.ORG with rental payment support. The property located "ALVARADO TERRACE HISTORIC DISTRICT PARK(cozy and cleaned)" is a designated historic district in the Pico-Union district of Los Angeles. $400 is the storage rental income as M-T-M

  • January, 2022

  • Jan 24, 2022

    Date

    Expired

    CRMLS: 21798478

    $1,050,000

    Price

  • Oct 23, 2021

    Date

    Active

    CRMLS: 21798478

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    JUST PASSED HOUSING CITY INSPECTION.!!! Well maintenant 4 Unit Income property, located on of most desired rental place, within minutes of DTLA, Korera town and USC. New Roofing with City Permit (2018), New Exterior Paint with City Permit (2021), Foundation Repaired(2019) and with light remodeling all units. All tenant paid on time rental payment during Pandemic. One of units is belongs to LAFH.ORG with rental payment support. The property located "ALVARADO TERRACE HISTORIC DISTRICT PARK(cozy and cleaned)" is a designated historic district in the Pico-Union district of Los Angeles. $400 is the storage rental income as M-T-M

  • July, 2018

  • Jul 30, 2018

    Date

    Canceled

    CRMLS: 18321454

    $888,000

    Price

  • Jun 8, 2018

    Date

    Price Change

    CRMLS: 18321454

    $888,000

    Price

  • Mar 17, 2018

    Date

    Active

    CRMLS: 18321454

    $898,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent 4 Unit Income property , located one of most desired rental place , within minutes of DTLA, Koreatown and USC. Property has been Light remodeled with New Roofing , New gutter. This property has a potential for upside in rents due to long time tenants. Tenants are on month to month. The property is located PICO Union HPOZ area.

  • July, 2017

  • Jul 27, 2017

    Date

    Expired

    CRMLS: 06108363

    --

    Price

  • Listing provided courtesy of CRMLS

    WELL MAINTAINED FOURPLEX NEAR KOREATOWN. LOCATED AT "ALVARADO TERRACE" HISTORIC HOMES. NEAR Y DOWNTOWN LA. USC, LAYOLA LAW SCHOOL, FREEWAY, STAPLE CENTER, AND ECT. CURRENTLY 1 UNIT IS VACANT.

  • October, 2016

  • Oct 5, 2016

    Date

    Sold (Public Records)

    Public Records

    $610,000

    Price

  • September, 2012

  • Sep 25, 2012

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 1416 Malvern Ave

Assessed Value (2020): $647,635
Year Land Value Improved Value Assessed Value
2020 $392,646 $254,989 $647,635

Home Value Compared to the Market

This property vs the competition

1416 Malvern Ave sold on July 26, 2023 for 28.66% lower 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 $270.81 per/sqft which puts the price per square foot 64.13% lower than the current median sale per square foot for the city of Los Angeles.

About 1416 Malvern Ave

Detailed summary of property

1416 Malvern Ave is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 3,135 living square feet, and sits on an approximately 6,366 square foot lot. 1416 Malvern Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $800,000. 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 28.66% lower than the current median priced home. Local homes that are currently for sale include 230 N Alvarado St, 230 N Alvarado St and 2733 Council St. While the average home in Los Angeles, CA is selling in 92 days, 1416 Malvern Ave has a days on market of 30 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 1416 Malvern Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1416 Malvern Ave

Public county record property details
Beds
5
Baths
4
Year built
1915
Sq. Ft.
3,135
Lot Size
6,365
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5135-007-004

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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