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1459 Federal Ave, Los Angeles, CA 90025
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1459 Federal Ave Los Angeles, CA 90025

$1,322,000 Sold Price as of 12/28/2021
  • 4 Beds
  • 4 Baths
  • 2,029 Sq.Ft.
Sold
$1,322,000 Sold Price as of 12/28/2021 Refinance Your Mortgage
Map preview of 1459 Federal Ave, Los Angeles, CA 90025

Property Overview: 1459 Federal Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,029 living square feet and 4,272 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCTION! This fourplex is for sale together or separately with 11601 Ohio Ave for $900,000 (APN 4263-019-008), which is a total of $2,100,000. This is a perfect value-add or development play! Up to 9 units may be built there by right or more with the State Density Bonus! The property is comprised of 4 units. The first two units are in a Spanish Duplex with a 1+1 and 2+1 with a beautiful skylight in the bathroom. The other two units, a 1+1 and a studio, are attached to two single car garages. The garages are being used as storage. Property is at a price that cannot be beat! Located near Sawtelle, Westwood, Santa Monica, Brentwood and more. Perfect for commuters! Buyer to verify all information!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 9 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 136

Home details

Lot Sq. Ft
4,272
HOA Dues
$0/mo
Year built
1926
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
21762072
City
Los Angeles
County
Los Angeles
Time on Site
1084 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,179
  • Total Rent: $1,179
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,365
  • Total Rent: $2,729
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.3%
  • Gross Rent Multiplier: 18.11
  • Gross Scheduled Income: --
  • Net Operating Income: $39,486
  • Gross Operating Income: $66,276
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1459 Federal Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 4263019009
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Exit Santa Monica Blvd. from the 405 and head West. At Federal Ave head North, property is at the corner of Ohio Ave and Federal Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1459 Federal Ave

Last sold for $1,322,000 on December 28th, 2021

  • July, 2021

  • Jul 23, 2021

    Date

    Price Change

    CRMLS: 21762072

    $1,300,000

    Price

  • Jul 17, 2021

    Date

    Active

    CRMLS: 21762072

    $2,350,000

    Price

Tax History for 1459 Federal Ave

Assessed Value (2020): $498,086
Year Land Value Improved Value Assessed Value
2020 $411,808 $86,278 $498,086

Home Value Compared to the Market

This property vs the competition

1459 Federal Ave sold on December 28, 2021 for 5.81% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $591.42 per/sqft which puts the price per square foot 25.23% lower than the current median sale per square foot for the city of Los Angeles.

About 1459 Federal Ave

Detailed summary of property

1459 Federal Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,029 living square feet, and sits on an approximately 4,272 square foot lot. 1459 Federal Ave was first listed on ArdentRealEstateGroup.com on July 17, 2021. The homeowner sold the property for $1,322,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.81% lower than the current median priced home. Local homes that are currently for sale include 1371 Masselin Ave, 6757 W 86th Pl and 1363 Hauser Blvd. While the average home in Los Angeles, CA is selling in 100 days, 1459 Federal Ave has a days on market of 136 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1459 Federal 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 1459 Federal Ave

Public county record property details
Beds
4
Baths
4
Year built
1926
Sq. Ft.
2,029
Lot Size
4,271
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
4263-019-009

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
$1,248,000
Median List Price/Sq.Ft.
$737
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$743
Total Inventory
108
Median Sale to List Price %
99.6%
Avg Days on Market
31
Loan Type
Conventional (10.34%), FHA (0%), VA (0%), Cash (13.79%), Other (13.79%)

Thinking of Selling?

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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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