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1418 Constance St, Los Angeles, CA 90015
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1418 Constance St Los Angeles, CA 90015

$1,000,000 Sold Price as of 08/08/2023
  • 16 Beds
  • 6 Baths
  • 3,084 Sq.Ft.
Sold
$1,000,000 Sold Price as of 08/08/2023 Refinance Your Mortgage
Map preview of 1418 Constance St, Los Angeles, CA 90015

Property Overview: 1418 Constance St Los Angeles, CA has 16 bedrooms, 6 bathrooms, 3,084 living square feet and 7,302 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity near Downtown Los Angeles! With the lowered purchase price the CAP rate is now at over 6%! 2 units with 5 guest rooms permitted by the city. A total of 8 rooms, 2 kitchens and 3 bathrooms. Huge back parking area big enough to build a 1,200 sqft ADU. Don't miss out on this great upside investment!

Listed by Lloyd Yang | BRE #01975976 | West Shores Realty, Inc.
Last checked: 9 minutes ago | Last updated: August 9th, 2023 | Source CRMLS | DOM: 72

Home details

Lot Sq. Ft
7,302
HOA Dues
$0/mo
Year built
1900
Garage
11 Car
Property Type:
Duplex
Status
Sold
MLS#
SB23036947
City
Los Angeles
County
Los Angeles
Time on Site
347 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 8
  • # of Baths: 3
  • Garage Spaces: 11
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,697
  • Total Rent: --
  • Pro Forma/Market Rent: $9,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.22%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,170
  • Net Operating Income: $65,325
  • Gross Operating Income: $29,470
  • # of Rented Garages: 3
  • Garage Rental Rate: $50
  • Garage Rental Income: $150
  • Other Income Description: Parking
Annual Expense Breakdown
  • Total Operating Expense: $29,845
  • Electric: $8,000
  • Gas/Fuel: $1,200
  • New Taxes: $13,125
  • Trash: $800
  • Insurance: $1,500
  • Water/Sewer: $4,500
  • Other Expenses: $720
  • Other Expense Description: Internet

Property Details for 1418 Constance St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 11
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Assigned, Gated, Parking Space, Uncovered
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5135018020
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: South of Pico Blvd and North or Venice blvd on Constance St, 5 blocks west of 110 Fwy.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1418 Constance St

Last sold for $1,000,000 on August 8th, 2023

  • August, 2023

  • Aug 8, 2023

    Date

    Sold

    CRMLS: SB23036947

    $1,000,000

    Price

  • Apr 18, 2023

    Date

    Active

    CRMLS: SB23036947

    $1,100,000

    Price

  • March, 2021

  • Mar 9, 2021

    Date

    Canceled

    CRMLS: SB21000718

    $1,190,000

    Price

  • Mar 9, 2021

    Date

    Withdrawn

    CRMLS: SB21000718

    $1,190,000

    Price

  • Jan 4, 2021

    Date

    Active

    CRMLS: SB21000718

    $1,190,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity near Downtown Los Angeles! CAP rate above 5%! 2 units with 5 guest rooms permitted by the city. A total of 8 rooms, 2 kitchens and 3 bathrooms. Huge back parking area big enough to build a 1,200 sqft ADU. Don't miss out on this great upside investment!

  • April, 2019

  • Apr 8, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2019

  • Mar 1, 2019

    Date

    Expired

    CRMLS: SB18255881

    $1,190,000

    Price

  • Oct 25, 2018

    Date

    Active

    CRMLS: SB18255881

    $1,190,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity near Downtown Los Angeles! 2 units with 5 guest rooms permitted by the city. Ample parking available, 3 spaces in the front and 8 in the back. A total of 8 Rooms, 2 kitchens and 3 bathrooms currently bring in $6,200/mo. gross. Currently there is a vacant room that normally rents out for $1,000 bringing the total monthly income to $7,200 + 3 parking spots bring rented out for $50/ ea. which brings the total income to $7,350.00. This property is in HPOZ but a savvy investor can build extra units in the back given the amount of space available which would increase income & property value.

  • April, 2018

  • Apr 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2017

  • Jul 16, 2017

    Date

    Sold

    CRMLS: 17218594

    $730,000

    Price

  • Apr 26, 2017

    Date

    Active Under Contract

    CRMLS: 17218594

    $749,000

    Price

  • Apr 6, 2017

    Date

    Active

    CRMLS: 17218594

    $749,000

    Price

  • Listing provided courtesy of CRMLS

Show More

Tax History for 1418 Constance St

Assessed Value (2020): $1,192,380
Year Land Value Improved Value Assessed Value
2020 $948,600 $243,780 $1,192,380

Home Value Compared to the Market

This property vs the competition

1418 Constance St sold on August 8, 2023 for 11.76% 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 $340.47 per/sqft which puts the price per square foot 54.91% lower than the current median sale per square foot for the city of Los Angeles.

About 1418 Constance St

Detailed summary of property

1418 Constance St is a duplex that recently sold in Los Angeles, CA 90015. This duplex offered 16 bedrooms, 6 bathrooms, roughly 3,084 living square feet, and sits on an approximately 7,302 square foot lot. 1418 Constance St was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $1,000,000. 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 11.76% lower than the current median priced home. Local homes that are currently for sale include 1156 W 25th St, 1411 Menlo Ave and 1415 W 22nd St. While the average home in Los Angeles, CA is selling in 94 days, 1418 Constance St has a days on market of 72 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1418 Constance St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1418 Constance St

Public county record property details
Beds
7
Baths
3
Year built
1900
Sq. Ft.
3,084
Lot Size
7,302
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
4,29
APN
5135-018-020

The source for these homes facts are from public records.

90015 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.
$723
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
81
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (27.27%), Other (18.18%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(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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