1427 Laveta Terrace, Los Angeles, CA 90026
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1427 Laveta Terrace Los Angeles, CA 90026

$1,990,000
  • 8 Beds
  • 6 Baths
  • 1 Sq.Ft.
For Sale
$1,990,000 Get Pre-Qualified

Map preview of 1427 Laveta Terrace, Los Angeles, CA 90026

Property Overview: 1427 Laveta Terrace Los Angeles, CA has 8 bedrooms, 6 bathrooms, 1 living square feet and 10,262 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: Great Investment apartment in Los Angeles,close to downtown LA, Sunset Blvd, Pasadena,and Dodger Stadium. There are 3 Buildings in the lot, 4 units in the Front building,each unit comes 1 Bedroom and 1 Bathroom; 2 individual unit in the back, each unit comes 2 Bedrooms and 1 Bathroom. Total 6 units, 6,546 SF in living area,10,260 SF in Lot size. Current rent below the market. Quiet and nice area in Los Angeles. Property to be sold "AS IS". Showing Subject to inspection.

Listed by QIN NIE | BRE #01359760 | Georgetown Realty Company
Last checked: 10 minutes ago | Last updated: December 26th, 2023 | Source CRMLS | DOM: 632
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Home details

Lot Sq. Ft
10,262
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
WS22166056
City
Los Angeles
County
Los Angeles
Time on Site
658 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,167
  • Total Rent: $1,167
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,214
  • Total Rent: $1,214
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,614
  • Total Rent: $1,614
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $951
  • Total Rent: $951
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,012
  • Total Rent: $1,012
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $5,958
  • Net Operating Income: $60,875
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,621
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,800
  • Insurance: $1,941
  • Professional Management: $0
  • Water/Sewer: $2,280

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Property Details for 1427 Laveta Terrace

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5419025030
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between Sunset Blvd and Scott Ave
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 1427 Laveta Terrace

Last sold on May 20th, 2019
  • July, 2022

  • Jul 28, 2022

    Date

    Active

    CRMLS: WS22166056

    $2,100,000

    Price

  • May, 2019

  • May 20, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1427 Laveta Terrace

Assessed Value (2020): $118,989
Year Land Value Improved Value Assessed Value
2020 $41,222 $77,767 $118,989

Home Value Compared to the Market

This property vs the competition

1427 Laveta Terrace is listed 59.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $1990000 per/sqft which puts the price per square foot 257005.94% higher than the median price per square foot for the city of Los Angeles.

About 1427 Laveta Terrace

Detailed summary of property

1427 Laveta Terrace is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 1 living square feet, and sits on an approximately 10,262 square foot lot. 1427 Laveta Terrace was first listed on ArdentRealEstateGroup.com on July 28, 2022. The homeowner is currently asking $1,990,000 and was originally asking $2,100,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.33% higher than the median priced home. Local competing homes currently for sale include 1627 Mccollum St, 2241 Ewing St and 2250 Duane. While the average home in Los Angeles, CA is selling in 94 days, 1427 Laveta Terrace has a days on market of 632 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 1427 Laveta Terrace Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1427 Laveta Terrace

Public county record property details
Beds
8
Baths
6
Year built
1923
Sq. Ft.
6,546
Lot Size
10,260
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22-23,A
APN
5419-025-030

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Related Resources to 1427 Laveta Terrace

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.