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1433 Brockton Ave, Los Angeles, CA 90025
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1433 Brockton Ave Los Angeles, CA 90025

$3,435,000 Sold Price as of 12/29/2022
  • 13 Beds
  • 10 Baths
  • 6,402 Sq.Ft.
Sold
$3,435,000 Sold Price as of 12/29/2022 Refinance Your Mortgage
Map preview of 1433 Brockton Ave, Los Angeles, CA 90025

Property Overview: 1433 Brockton Ave Los Angeles, CA has 13 bedrooms, 10 bathrooms, 6,402 living square feet and 6,994 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1433 Brockton is a rare multifamily investment opportunity located in the heart of LA's vibrant Westside. Consisting of 9 units surrounding a beautifully landscaped and serene setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom, 2 bedroom & 3 bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. Current ownership has invested significant capital into the property and many of the units have been remodeled. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, (5) 1-bed, 1-bath units, and (1) efficiency unit. This is a great turnkey asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking, copper plumbing, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd and Santa Monica Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage asset in one of the best rental locations in all of Los Angeles.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 11 minutes ago | Last updated: December 29th, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,994
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22218393
City
Los Angeles
County
Los Angeles
Time on Site
551 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,554
  • Total Rent: $1,554
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,979
  • Total Rent: $9,894
  • Pro Forma/Market Rent: $11,975
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,525
  • Total Rent: $5,050
  • Pro Forma/Market Rent: $5,790
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,810
  • Total Rent: $2,810
  • Pro Forma/Market Rent: $3,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.94%
  • Gross Rent Multiplier: 15.48
  • Gross Scheduled Income: --
  • Net Operating Income: $139,785
  • Gross Operating Income: $230,848
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1433 Brockton Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4263029041
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Just north of Santa Monica Blvd. Between Armacost Ave and Saltair Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1433 Brockton Ave

Last sold for $3,435,000 on December 29th, 2022

  • December, 2022

  • Dec 29, 2022

    Date

    Sold

    CRMLS: 22218393

    $3,435,000

    Price

  • Nov 15, 2022

    Date

    Active

    CRMLS: 22218393

    $3,550,000

    Price

  • May, 2010

  • May 14, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2002

  • Nov 1, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1433 Brockton Ave

Assessed Value (2020): $971,206
Year Land Value Improved Value Assessed Value
2020 $503,704 $467,502 $971,206

Home Value Compared to the Market

This property vs the competition

1433 Brockton Ave sold on December 29, 2022 for 198.32% higher 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 $554.51 per/sqft which puts the price per square foot 26.55% lower than the current median sale per square foot for the city of Los Angeles.

About 1433 Brockton Ave

Detailed summary of property

1433 Brockton Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 13 bedrooms, 10 bathrooms, roughly 6,402 living square feet, and sits on an approximately 6,994 square foot lot. 1433 Brockton Ave was first listed on ArdentRealEstateGroup.com on November 15, 2022. The homeowner sold the property for $3,435,000. 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 198.32% higher than the current median priced home. Local homes that are currently for sale include 3749 Westwood Blvd, 3544 Vinton Ave and 3631 Motor Ave. While the average home in Los Angeles, CA is selling in 92 days, 1433 Brockton Ave has a days on market of 14 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 1433 Brockton Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1433 Brockton Ave

Public county record property details
Beds
13
Baths
10
Year built
1960
Sq. Ft.
6,402
Lot Size
6,993
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
4263-029-041

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$749
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
114
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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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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