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1421 Alvarado Terrace, Los Angeles, CA 90006
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1421 Alvarado Terrace Los Angeles, CA 90006

$1,000,000 Sold Price as of 08/20/2019
  • 35 Beds
  • 25 Baths
  • 3,932 Sq.Ft.
Sold
$1,000,000 Sold Price as of 08/20/2019 Refinance Your Mortgage
Map preview of 1421 Alvarado Terrace, Los Angeles, CA 90006

Property Overview: 1421 Alvarado Terrace Los Angeles, CA has 35 bedrooms, 25 bathrooms, 3,932 living square feet and 7,506 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SUBMIT ALL OFFERS! Great opportunity to own this fully occupied 5 unit building. Property features (2) 2bedroom 1 bath units and (3) 1 bedroom 1 bath units.Property has copper plumbing, updated electrical, recently retrofitted foundation, Brand new Composition shingle roof, Each unit is separately metered for gas and electric, fire extinquishers throughout the building, onsite laundry, electric gated parking for 6 cars in rear, & completely gated grounds for added occupant security. The property is a Tudor Revival which has been given the "Historic Preservation" designation by the city of Los Angeles. Property was designed by famed architects Morgan & Walls who also constructed the Wiltern & The El Capitan Theaters. Property qualifies for the Mills Act Tax Exemption. Property is located near a park in a great up and coming neighborhood which is great for families with kids.Close to Public transportation, Staples Center, LA Live, And all downtown nightlife. Could be awesome for an owner user. Hurry this one won't last! Drive by Only. Do NOT Disturb tenants!

Listed by Willie Wheaton | BRE #01857540 | Will Wheaton Real Estate
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 111

Home details

Lot Sq. Ft
7,506
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SR19030112
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 7
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,205
  • Total Rent: $6,205
  • Pro Forma/Market Rent: $9,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: 15.06
  • Gross Scheduled Income: $73,034
  • Net Operating Income: $51,466
  • Gross Operating Income: --
  • Laundry Income: $1,428
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $21,568
  • New Taxes: $8,063
  • Trash: $3,263
  • Gardener: $425
  • Insurance: $500
  • Professional Management: $0
  • Water/Sewer: $3,263
  • Other Expenses: $1,056
  • Other Expense Description: Misc

Property Details for 1421 Alvarado Terrace

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Auto Driveway Gate
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5135003011
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Septic Type Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Pico to Alvardo Terrace Head South to property.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1421 Alvarado Terrace

Last sold for $1,000,000 on August 20th, 2019

  • August, 2019

  • Aug 21, 2019

    Date

    Sold

    CRMLS: SR19030112

    $1,000,000

    Price

  • Aug 8, 2019

    Date

    Pending

    CRMLS: SR19030112

    $999,997

    Price

  • Aug 7, 2019

    Date

    Sold

    CRMLS: SR19030112

    $1,000,000

    Price

  • Jul 19, 2019

    Date

    Pending

    CRMLS: SR19030112

    $999,997

    Price

  • Jun 1, 2019

    Date

    Active Under Contract

    CRMLS: SR19030112

    $999,997

    Price

  • May 9, 2019

    Date

    Price Change

    CRMLS: SR19030112

    $999,997

    Price

  • Feb 8, 2019

    Date

    Active

    CRMLS: SR19030112

    $1,099,997

    Price

  • August, 2019

  • Aug 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • April, 2019

  • Apr 13, 2019

    Date

    Price Change

    CRMLS: M09130677

    $649,000

    Price

  • Apr 13, 2019

    Date

    Price Change

    CRMLS: M09130677

    $625,000

    Price

  • Apr 13, 2019

    Date

    Price Change

    CRMLS: M09130677

    $575,000

    Price

  • Apr 13, 2019

    Date

    Price Change

    CRMLS: M09130677

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduced!! Standard Sale!! Strong Rents!! Fully rented. 9% Cap Rate!! BEAUTIFUL late 19th century 5-UNIT Craftsman in the heart of the Alvarado Terrace Historic District. This was one of many stately mansions w/European influence on Alvarado Terrace developed by Doria Deighton Jones between 1902-1906. EXCELLENT unit mix (1) 2bdr/2bth, (3) 2bdr/1bth, (1) 1bdr/1bth. STRONG RENTS. Traditional elements/architecture. Close to Staples Center, LA Live & the heart of downtown. Property went through extensive rehab in the last year e.g. newer interior/exterior paint, electrical, plumbing, fire sprinklers, drywall, foundation…Alley access and gated w/parking spaces for 6 vehicles. Separate Electrical & Gas meters for each unit & on-site laundry room. Walking distance to Alvarado Terrace Park, shops, restaurants, public transportation & close to several fwys. Don’t let an opportunity to own a piece of Los Angeles Architectural History in a distinctive community pass.

  • October, 2018

  • Oct 26, 2018

    Date

    Expired

    CRMLS: SR18098694

    $1,074,979

    Price

  • Oct 25, 2018

    Date

    Withdrawn

    CRMLS: SR18098694

    $1,074,979

    Price

  • Sep 25, 2018

    Date

    Price Change

    CRMLS: SR18098694

    $1,074,979

    Price

  • Aug 7, 2018

    Date

    Price Change

    CRMLS: SR18098694

    $1,074,997

    Price

  • Jun 22, 2018

    Date

    Price Change

    CRMLS: SR18098694

    $1,199,997

    Price

  • May 11, 2018

    Date

    Price Change

    CRMLS: SR18098694

    $1,249,979

    Price

  • Apr 29, 2018

    Date

    Active

    CRMLS: SR18098694

    $1,249,997

    Price

  • Listing provided courtesy of CRMLS

    Price Reduced! Seller says, it must go NOW! Great opportunity to own this fully occupied 5 unit building. Property features (2) 2bedroom 1 bath units and (3) 1 bedroom 1 bath units.Property has copper plumbing, updated electrical, recently retrofitted foundation, Brand new Composition shingle roof, Each unit is separately metered for gas and electric, Fire extinquisher's throughout the building, onsite laundry, electric gated parking for 6 cars in rear, & completely gated for added security. The property is a Tudor Revival which has been given the "Historic Preservation" designation by the city of Los Angeles. The Property was built by famed architects Morgan & Walls who also constructed the Wiltern & The El Capitan Theaters. Check with city planning to find out what is possible with regard to expansion, remodeling, etc. Property is located near a park in a great up and coming neighborhood which is great for families with kids.Close to Public transportation,Staples Center, LA Live, And all downtown nightlife. Could be awesome for an owner user. Hurry this one won't last! Drive by Only. Do NOT Disturb tenants!

  • October, 2016

  • Oct 3, 2016

    Date

    Sold (Public Records)

    Public Records

    $975,000

    Price

Show More

Tax History for 1421 Alvarado Terrace

Assessed Value (2020): $1,000,000
Year Land Value Improved Value Assessed Value
2020 $800,000 $200,000 $1,000,000

Home Value Compared to the Market

This property vs the competition

1421 Alvarado Terrace sold on August 20, 2019 for 15.97% 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 $254.32 per/sqft which puts the price per square foot 66.31% lower than the current median sale per square foot for the city of Los Angeles.

About 1421 Alvarado Terrace

Detailed summary of property

1421 Alvarado Terrace is a apartment that recently sold in Los Angeles, CA 90006. This apartment offered 35 bedrooms, 25 bathrooms, roughly 3,932 living square feet, and sits on an approximately 7,506 square foot lot. 1421 Alvarado Terrace was first listed on ArdentRealEstateGroup.com on January 13, 2021. 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 15.97% lower than the current median priced home. Local homes that are currently for sale include 1415 W 22nd St, 1421 W 22nd St and 1156 W 25th St. While the average home in Los Angeles, CA is selling in 92 days, 1421 Alvarado Terrace has a days on market of 111 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 1421 Alvarado Terrace 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 1421 Alvarado Terrace

Public county record property details
Beds
7
Baths
6
Year built
1903
Sq. Ft.
3,932
Lot Size
7,505
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
33
APN
5135-003-011

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.
$606
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%)

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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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