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1514 S Bronson Ave, Los Angeles, CA 90019
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1514 S Bronson Ave Los Angeles, CA 90019

$1,580,000 Sold Price as of 11/01/2021
  • 9 Beds
  • 7 Baths
  • 4,591 Sq.Ft.
Sold
$1,580,000 Sold Price as of 11/01/2021 Refinance Your Mortgage
Map preview of 1514 S Bronson Ave, Los Angeles, CA 90019

Property Overview: 1514 S Bronson Ave Los Angeles, CA has 9 bedrooms, 7 bathrooms, 4,591 living square feet and 6,259 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 5-unit Multi-family asset is located in Mid City, Los Angeles. The property has spacious units with a total building size of 4,591 sqft. This building boasts a desirable unit mix of one(1) three-bedroom, two(2) two-bedroom and two(2) one-bedroom units. There is tremendous cash flow in this investment, with still 28% upside in the current rents and a 6.39% pro forma Cap rate. This asset is ideal for an investor looking to cash flow and still stabilize artificially low rents in a rapidly gentrifying Mid City market. The two(2) bedroom two(2) bathroom unit is VACANT. Please do not disturb the tenants. All showings will be subject to an accepted offer.

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Co-listed by Robert Carlile | BRE #02066811 | RE/MAX One
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,259
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21100056
City
Los Angeles
County
Los Angeles
Time on Site
1066 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,323
  • Total Rent: $1,323
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $908
  • Total Rent: $908
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.99
  • Gross Scheduled Income: --
  • Net Operating Income: $72,234
  • Gross Operating Income: $116,172
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1514 S Bronson Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5072007010
Location / Neighborhood
Location Information
  • Directions: Crenshaw Blvd & Venice Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1514 S Bronson Ave

Last sold for $1,580,000 on November 1st, 2021

  • November, 2021

  • Nov 1, 2021

    Date

    Sold

    CRMLS: 21100056

    $1,580,000

    Price

  • Oct 28, 2021

    Date

    Active

    CRMLS: 21100056

    $1,625,000

    Price

  • June, 2021

  • Jun 16, 2021

    Date

    Expired

    CRMLS: 21705886

    $1,549,000

    Price

  • Mar 16, 2021

    Date

    Active

    CRMLS: 21705886

    $1,549,000

    Price

  • Listing provided courtesy of CRMLS

    This property is a well maintained 5-unit property, value-add building in mid-city located in a fast-growing area. The building is centrally located to EVERYTHING! This property offers a lot of opportunity and flexibility. The property is 100% percent leased. This is for an ideal for property for savvy investor or who is ready for a turn key property. Do not disturb tenants.

  • November, 2020

  • Nov 6, 2020

    Date

    Expired

    CRMLS: 20614042

    $1,495,000

    Price

  • Sep 10, 2020

    Date

    Price Change

    CRMLS: 20614042

    $1,495,000

    Price

  • Aug 6, 2020

    Date

    Active

    CRMLS: 20614042

    $1,579,000

    Price

  • Listing provided courtesy of CRMLS

    This property is a well maintained 5-unit property, value-add building in mid-city located in a fast-growing area. The building is centrally located to EVERYTHING! The two largest units will be delivered vacant for owner user or investor. This property offers a lot of opportunity and flexibility. This is for an ideal buyer that needs a turn key property. Do not disturb tenants.

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,450,000

    Price

Show More

Tax History for 1514 S Bronson Ave

Assessed Value (2020): $412,291
Year Land Value Improved Value Assessed Value
2020 $329,844 $82,447 $412,291

Home Value Compared to the Market

This property vs the competition

1514 S Bronson Ave sold on November 1, 2021 for 45.09% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $353.95 per/sqft which puts the price per square foot 51.11% lower than the current median sale per square foot for the city of Los Angeles.

About 1514 S Bronson Ave

Detailed summary of property

1514 S Bronson Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,591 living square feet, and sits on an approximately 6,259 square foot lot. 1514 S Bronson Ave was first listed on ArdentRealEstateGroup.com on October 28, 2021. The homeowner sold the property for $1,580,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.09% higher than the current median priced home. Local homes that are currently for sale include 1240 S Muirfield Rd, 1409 Arlington Ave and 2122 6th Ave. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1514 S Bronson Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1514 S Bronson Ave

Public county record property details
Beds
7
Baths
6
Year built
1920
Sq. Ft.
4,591
Lot Size
6,259
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5072-007-010

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,999
Median List Price/Sq.Ft.
$702
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
94
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Recently Sold Homes Near 1514 S Bronson Ave

1442 S Bronson Ave, Los Angeles, CA 90019
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1510 S Bronson Ave
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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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