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1537 Corinth Ave, Los Angeles, CA 90025
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1537 Corinth Ave Los Angeles, CA 90025

$4,795,000
  • 3 Beds
  • 18 Baths
  • 8,596 Sq.Ft.
For Sale
$4,795,000 Get Pre-Qualified
Map preview of 1537 Corinth Ave, Los Angeles, CA 90025

Property Overview: 1537 Corinth Ave Los Angeles, CA has 3 bedrooms, 18 bathrooms, 8,596 living square feet and 7,002 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: The Corinth Apartments are a well maintained rent controlled property located in the City of Los Angeles in West Los Angeles. Built with beautiful European architecture this property presents an astute investor a reposition opportunity as there is approximately 10% upside in rents. * Reposition Opportunity * Great West LA Location * Adjacent Building Is Also For Sale

Listed by Warren Berzack | BRE #01329015 | Lee & Associates
Last checked: 1 minute ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,002
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SR24162235
City
Los Angeles
County
Los Angeles
Time on Site
43 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 3
  • # of Electric Meters: 19
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,464
  • Total Rent: $17,571
  • Pro Forma/Market Rent: $19,200
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,781
  • Total Rent: $7,123
  • Pro Forma/Market Rent: $7,580
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,288
  • Total Rent: $2,288
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.45%
  • Gross Rent Multiplier: 13.81
  • Gross Scheduled Income: $347,192
  • Net Operating Income: $213,333
  • Gross Operating Income: $336,776
  • Vacancy Allowance: $10,416
Annual Expense Breakdown
  • Total Operating Expense: $123,443
  • Electric: $3,549
  • Gas/Fuel: $1,000
  • Licenses: $1,920
  • New Taxes: $59,938
  • Trash: $0
  • Gardener: $875
  • Insurance: $13,500
  • Maintenance: $21,490
  • Professional Management: $10,800
  • Water/Sewer: $6,000
  • Other Expenses: $1,800
  • Other Expense Description: Misc

Open Houses for 1537 Corinth Ave

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Property Details for 1537 Corinth Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard, Landscaped, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 18
  • Parcel Number: 4261004009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Santa Monica just west of the 405
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1537 Corinth Ave

Last sold on March 15th, 1996

  • August, 2024

  • Aug 6, 2024

    Date

    Active

    CRMLS: SR24162235

    $4,795,000

    Price

  • March, 1996

  • Mar 15, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1537 Corinth Ave

Assessed Value (2020): $2,462,229
Year Land Value Improved Value Assessed Value
2020 $1,874,356 $587,873 $2,462,229

Home Value Compared to the Market

This property vs the competition

1537 Corinth Ave is listed 299.58% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $557.82 per/sqft which puts the price per square foot 27.37% lower than the median price per square foot for the city of Los Angeles.

About 1537 Corinth Ave

Detailed summary of property

1537 Corinth Ave is a apartment located in Los Angeles, CA 90025 and is currently for sale. This apartment offers 3 bedrooms, 18 bathrooms, roughly 8,596 living square feet, and sits on an approximately 7,002 square foot lot. 1537 Corinth Ave was first listed on ArdentRealEstateGroup.com on August 6, 2024. The homeowner is currently asking $4,795,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 299.58% higher than the median priced home. Local competing homes currently for sale include 9240 W National Blvd, 8926 Sawyer St and 9025 W 3rd St. While the average home in Los Angeles, CA is selling in 106 days, 1537 Corinth Ave has a days on market of 12 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 1537 Corinth 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 1537 Corinth Ave

Public county record property details
Beds
2
Baths
18
Year built
1913
Sq. Ft.
8,596
Lot Size
6,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
4261-004-009

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
$1,234,999
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,151,000
Median Sold Price/Sq.Ft.
$714
Total Inventory
120
Median Sale to List Price %
97.96%
Avg Days on Market
23
Loan Type
Conventional (13.79%), FHA (0%), VA (0%), Cash (20.69%), Other (10.34%)

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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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