1536 Pleasant Ave, Los Angeles, CA 90033

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1536 Pleasant Ave Los Angeles, CA 90033

$1,425,000 Sold Price as of 01/19/2023

18 Beds
6 Baths
9,106 Sq.Ft.

Sold

$1,425,000 Sold Price as of 01/19/2023 Refinance Your Mortgage

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Map preview of 1536 Pleasant Ave, Los Angeles, CA 90033

Property Overview: 1536 Pleasant Ave Los Angeles, CA has 18 bedrooms, 6 bathrooms, 9,106 living square feet and 12,470 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Over 275% of upside! These two buildings side by side are tied together by one APN making it a total of 9,106 SF of Building. In one building there are 6 units that are 3 beds / 1 bath. In the other building there are 14 single room occupancies with a number of those being nonconforming. Buyer to verify original unit count. Subject property is located on Pleasant Ave with the nearest cross street is S Boyle Ave. The property is one block away from Mariachi Plaza. Along with its history, Mariachi Plaza also has fine dining and a metro stop for the Gold Line. Notable restaurants include Birrieria Don Boni, un solo sol, and Casa Fina Restaurant & Cantina. The Gold Line is connected to the Los Angeles Metro system, making all of the Greater Los Angeles area accessible without a car. Subject property is also one block away from the 10 East entrance/exit. It is also in the middle of the 5/101/10/60 Junction for easy commutes in every direction. Do not disturb tenants. Those that do will be disqualified from sale.

Listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Co-listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA

Last checked: 9 minutes ago | Last updated: February 2nd, 2023 | Source CRMLS | DOM: 149

Home details

Lot Sq. Ft: 12,470
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22182779
City: Los Angeles
County: Los Angeles
Time on Site: 786 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 20
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 6
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,081
Total Rent: $6,483
Pro Forma/Market Rent: $16,500

Unit Breakdown 2

# of Units: 4
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Actual Rent: $645
Total Rent: $2,580
Pro Forma/Market Rent: $4,000

Unit Breakdown 3

# of Units: 4
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Actual Rent: $479
Total Rent: $1,915
Pro Forma/Market Rent: $4,000

Unit Breakdown 4

# of Units: 6
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $6,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 2.3%
Gross Rent Multiplier: 24.29
Gross Scheduled Income: --
Net Operating Income: $74,736
Gross Operating Income: $131,736

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1536 Pleasant Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 10
Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 20
Parcel Number: 5174024042

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Property is on the West side of Pleasant Ave. From the Freeway, get off at either 1st or 4th. Turn into the junction towards Mariachi Plaza then head North on Boyle Ave. Pleasant is left at the fork just after 1st St.

View more facts & features

Local Los Angeles Agent

Sale History for 1536 Pleasant Ave

Last sold for $1,425,000 on January 19th, 2023

January, 2023
Jan 19, 2023

Date

Sold

CRMLS: 22182779

$1,425,000

Price
Jul 25, 2022

Date

Active

CRMLS: 22182779

$3,200,000

Price

Tax History for 1536 Pleasant Ave

Assessed Value (2020): $300,253

Year	Land Value	Improved Value	Assessed Value
2020	$82,853	$217,400	$300,253

Home Value Compared to the Market

This property vs the competition

1536 Pleasant Ave sold on January 19, 2023 for 60.71% 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 $197.67 per/sqft which puts the price per square foot 72.7% lower than the current median sale per square foot for the city of Los Angeles.

About 1536 Pleasant Ave

Detailed summary of property

1536 Pleasant Ave is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 18 bedrooms, 6 bathrooms, roughly 9,106 living square feet, and sits on an approximately 12,470 square foot lot. 1536 Pleasant Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,425,000. 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 60.71% higher than the current median priced home. Local homes that are currently for sale include 2737 Pomeroy Ave, 1441 Murchison St and 3412 E 3rd St. While the average home in Los Angeles, CA is selling in 106 days, 1536 Pleasant Ave has a days on market of 149 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1536 Pleasant Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1536 Pleasant Ave

Public county record property details

Beds: 31
Baths: 17
Year built: 1923
Sq. Ft.: 9,106
Lot Size: 12,469
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1,3
APN: 5174-024-042

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,000

Median List Price/Sq.Ft.

$444

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$700

Total Inventory

Median Sale to List Price %

96.35%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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.