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1473 E 23Rd St, Los Angeles, CA 90011
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1473 E 23Rd St Los Angeles, CA 90011

$800,000 Sold Price as of 09/27/2019
  • 6 Beds
  • 4 Baths
  • 3,098 Sq.Ft.
Sold
$800,000 Sold Price as of 09/27/2019 Refinance Your Mortgage
Map preview of 1473 E 23Rd St, Los Angeles, CA 90011

Property Overview: 1473 E 23Rd St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,098 living square feet and 5,662 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 1473 E. 23rd Street, in the City of Los Angeles. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1904 & 1910 with a square footage of 3,098 on a 5,662-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of two (2) 1+1+den units, and two (2) 2+1+den units. The subject property is 100% occupied, and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, recently painted, and individually metered for gas and electricity.

Listed by Davis Saadian | BRE #01921748 | BRC Advisors- BH
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 105

Home details

Lot Sq. Ft
5,662
HOA Dues
$0/mo
Year built
1904
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19478114
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,464
  • Total Rent: $1,464
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,538
  • Total Rent: $1,538
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,538
  • Total Rent: $1,538
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.19%
  • Gross Rent Multiplier: 11.46
  • Gross Scheduled Income: --
  • Net Operating Income: $49,546
  • Gross Operating Income: $67,780
  • Improvements Total: $116,844
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1473 E 23Rd St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 4
  • Parcel Number: 5119026021
Location / Neighborhood
Location Information
  • Directions: 1473 E. 23rd Street, Los Angeles 90011
View more facts & features

Local Los Angeles Agent

Sale History for 1473 E 23Rd St

Last sold on October 1st, 2020

  • October, 2020

  • Oct 1, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2020

  • Sep 30, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2019

  • Sep 27, 2019

    Date

    Sold

    CRMLS: 19478114

    $800,000

    Price

  • Jun 14, 2019

    Date

    Active

    CRMLS: 19478114

    $800,000

    Price

Show More

Tax History for 1473 E 23Rd St

Assessed Value (2020): $790,420
Year Land Value Improved Value Assessed Value
2020 $500,000 $290,420 $790,420

Home Value Compared to the Market

This property vs the competition

1473 E 23Rd St sold on September 27, 2019 for 37.21% 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 $258.23 per/sqft which puts the price per square foot 67.35% lower than the current median sale per square foot for the city of Los Angeles.

About 1473 E 23Rd St

Detailed summary of property

1473 E 23Rd St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,098 living square feet, and sits on an approximately 5,662 square foot lot. 1473 E 23Rd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $800,000. 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 37.21% lower than the current median priced home. Local homes that are currently for sale include 1541 E 51st St, 1549 E 53rd St and 854 E 50th St. While the average home in Los Angeles, CA is selling in 100 days, 1473 E 23Rd St has a days on market of 105 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 1473 E 23Rd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1473 E 23Rd St

Public county record property details
Beds
6
Baths
4
Year built
1904
Sq. Ft.
3,098
Lot Size
5,661
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
127
APN
5119-026-021

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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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