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1445 Calumet Ave, Los Angeles, CA 90026
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1445 Calumet Ave Los Angeles, CA 90026

$2,300,000
  • 0 Beds
  • 7 Baths
  • 3,144 Sq.Ft.
For Sale
$2,300,000 Get Pre-Qualified
Map preview of 1445 Calumet Ave, Los Angeles, CA 90026

Property Overview: 1445 Calumet Ave Los Angeles, CA has -- bedrooms, 7 bathrooms, 3,144 living square feet and 6,744 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: This private, charming, turnkey investment, with current annual NOI over $111,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor space. These units were fully renovated in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained with newer roofs, sewer lines and decks. There is still quite a bit of upside. Units are SFR so possible TIC candidate. Total projected 2024 rent for all 7 units: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.

Listed by Emily Johnson | BRE #01877330 | Sotheby's International Realty
Last checked: 15 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 183
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Home details

Lot Sq. Ft
6,744
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23314985
City
Los Angeles
County
Los Angeles
Time on Site
216 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 7
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,874
  • Total Rent: $4,874
  • Pro Forma/Market Rent: $5,600
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $9,814
  • Total Rent: $9,814
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.81%
  • Gross Rent Multiplier: 9.3
  • Gross Scheduled Income: --
  • Net Operating Income: $179,827
  • Gross Operating Income: $247,221
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1445 Calumet Ave

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Property Details for 1445 Calumet Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Ceiling Fan(s), Cathedral Ceiling(s)
  • Levels: One
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Other
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 5405013019
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Angeleno Heights
  • Directions: East of Echo Park, west of Douglas, between Bellevue and Sunset.
View more facts & features

Local Los Angeles Agent

Sale History for 1445 Calumet Ave

Last leased for $2,095 on March 30th, 2022

  • April, 2024

  • Apr 12, 2024

    Date

    Active

    CRMLS: SB24072954

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Check out this beautiful studio in historic Angelino Heights! A private gate and bougainvillea-lined courtyard take you to this spacious stand-alone house in a complex of 7 historic bungalows in Angelino Heights HPOZ. This open concept studio has vaulted ceilings, exposed wood beams, hardwood floors, recessed lighting, and multiple closets for storage. The kitchen boasts updated countertops and wood cabinets with refrigerator, stove, microwave and dishwasher. Washer and dryer also included in unit. Outside you will find your own private, furnished patio, surrounded by mature Ficus trees. Minutes to downtown LA, Echo Park Lake, Dodger Stadium and various restaurants and bars along Sunset Blvd. Enjoy the privacy and serenity of a home for a fraction of the cost.

  • September, 2023

  • Sep 26, 2023

    Date

    Active

    CRMLS: 23314985

    $2,500,000

    Price

  • March, 2022

  • Mar 30, 2022

    Date

    Leased

    CRMLS: SB22055898

    $2,095

    Price

  • Mar 21, 2022

    Date

    Active

    CRMLS: SB22055898

    $2,095

    Price

  • Listing provided courtesy of CRMLS

    Check out this beautiful studio in historic Angelino Heights! A private gate and courtyard lined with bougainvillea takes you to this freshly painted spacious studio with high ceilings, hardwood floors, recessed lighting and a bathroom with jetted tub. The kitchen boasts updated countertops and cabinets with refrigerator, stove, microwave and dishwasher. Laundry on-site. Outside you will enjoy your own private patio. Walking distance to newly renovated Echo Park Lake, Echo Park Tennis Courts, Elysian Park, Dodger Stadium and all the Echo Park eateries and shops along Sunset. Minutes from downtown LA! Schedule your showing today!

  • February, 2022

  • Feb 22, 2022

    Date

    Leased

    CRMLS: SB22028316

    $2,095

    Price

  • Listing provided courtesy of CRMLS

    Check out this beautiful studio in historic Angelino Heights! A private gate and courtyard lined with bougainvillea takes you to this spacious studio with high ceilings, hardwood floors, recessed lighting and a bathroom with jetted tub. The kitchen boasts updated countertops and cabinets with refrigerator, stove, microwave and dishwasher. Washer and dryer also included in unit, and there is a separate laundry area as well. Outside you will enjoy your own private patio, surrounded by mature ficus trees. Walking distance to newly renovated Echo Park Lake, Echo Park Tennis Courts, Elysian Park, Dodger Stadium and all the Echo Park eateries and shops along Sunset. Minutes from downtown LA! Schedule your showing today!

  • September, 2014

  • Sep 25, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,775,000

    Price

  • March, 2000

  • Mar 8, 2000

    Date

    Sold (Public Records)

    Public Records

    $228,000

    Price

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Tax History for 1445 Calumet Ave

Assessed Value (2020): $1,950,613
Year Land Value Improved Value Assessed Value
2020 $1,346,199 $604,414 $1,950,613

Home Value Compared to the Market

This property vs the competition

1445 Calumet Ave is listed 86.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $731.55 per/sqft which puts the price per square foot 5.36% lower than the median price per square foot for the city of Los Angeles.

About 1445 Calumet Ave

Detailed summary of property

1445 Calumet Ave is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers -- bedrooms, 7 bathrooms, roughly 3,144 living square feet, and sits on an approximately 6,744 square foot lot. 1445 Calumet Ave was first listed on ArdentRealEstateGroup.com on September 27, 2023. The homeowner is currently asking $2,300,000 and was originally asking $2,500,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 86.08% higher than the median priced home. Local competing homes currently for sale include 318 Columbia Ave, 229 S Westlake Ave and 151 S Mountainview St. While the average home in Los Angeles, CA is selling in 96 days, 1445 Calumet Ave has a days on market of 183 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1445 Calumet Ave 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 1445 Calumet Ave

Public county record property details
Beds
7
Baths
7
Year built
1922
Sq. Ft.
3,144
Lot Size
6,744
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5405-013-019

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.
$808
Median Sold Price
$940,000
Median Sold Price/Sq.Ft.
$850
Total Inventory
56
Median Sale to List Price %
100.11%
Avg Days on Market
16
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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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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