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1540 Golden Gate Ave, Los Angeles, CA 90026
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1540 Golden Gate Ave Los Angeles, CA 90026

$1,350,000 Sold Price as of 10/21/2020
  • 6 Beds
  • 5 Baths
  • -- Sq.Ft.
Sold
$1,350,000 Sold Price as of 10/21/2020 Refinance Your Mortgage
Map preview of 1540 Golden Gate Ave, Los Angeles, CA 90026

Property Overview: 1540 Golden Gate Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, -- living square feet and 7,923 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a five (5) unit with two (2) separate structures located at 1540 Golden Gate Avenue in Los Angeles, California. Built in 1958, this property contains a good unit mix of four (4) one-bedroom/one-bathroom units and one (1) two-bedroom/ two-bathroom unit. These five (5) units are split between two (2) buildings on one (1) lot. The front building contains two (2) of the one-bedroom/one-bathroom units and the one (1) two-bedroom/two-bathroom unit. The back building contains the other two (2) one-bedroom/one-bathroom units. Each unit has been renovated with new vinyl glass windows and screen doors, and the one-bedroom units have all new front doors. Both of the buildings have been renovated with new sewer lines, copper plumbing, rain gutters, awnings, and a new balcony & stair fiber deck system. Situated in prime Silver Lake, this offering presents an excellent opportunity for any investor to capitalize on huge rental upside in a premier market of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,923
HOA Dues
$0/mo
Year built
1958
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
20623886
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,607
  • Total Rent: $1,607
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,380
  • Total Rent: $1,380
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $588
  • Total Rent: $588
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $795
  • Total Rent: $795
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.03
  • Gross Scheduled Income: --
  • Net Operating Income: $49,666
  • Gross Operating Income: $76,211
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1540 Golden Gate Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5429025008
Location / Neighborhood
Location Information
  • Directions: Marcus & Millichap is pleased to present a five (5) unit with two (2) separate structures located at 1540 Golden Gate Avenue in Los Angeles, California. The subject property is situated north of Sunset Boulevard and west of Silver Lake Boulevard.
View more facts & features

Local Los Angeles Agent

Sale History for 1540 Golden Gate Ave

Last sold for $1,350,000 on October 21st, 2020

  • October, 2020

  • Oct 23, 2020

    Date

    Sold

    CRMLS: 20623886

    $1,350,000

    Price

  • Sep 14, 2020

    Date

    Pending

    CRMLS: 20623886

    $1,400,000

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: 20623886

    $1,400,000

    Price

  • October, 2020

  • Oct 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

  • January, 2006

  • Jan 19, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1540 Golden Gate Ave

Assessed Value (2020): $132,432
Year Land Value Improved Value Assessed Value
2020 $30,461 $101,971 $132,432

Home Value Compared to the Market

This property vs the competition

1540 Golden Gate Ave sold on October 21, 2020 for 25% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 1540 Golden Gate Ave

Detailed summary of property

1540 Golden Gate Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 6 bedrooms, 5 bathrooms, roughly -- living square feet, and sits on an approximately 7,923 square foot lot. 1540 Golden Gate Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,350,000. 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 25% higher than the current median priced home. Local homes that are currently for sale include 2969 London St, 422 N Reno St and 1116 N Madison Ave. While the average home in Los Angeles, CA is selling in 106 days, 1540 Golden Gate Ave has a days on market of 16 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 1540 Golden Gate Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1540 Golden Gate Ave

Public county record property details
Beds
6
Baths
5
Year built
1958
Sq. Ft.
3,547
Lot Size
7,923
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5429-025-008

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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(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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