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1606 E 32nd St Los Angeles, CA 90011

$980,000 Sold Price as of 09/01/2020

10 Beds
6 Baths
3,519 Sq.Ft.

Sold

$980,000 Sold Price as of 09/01/2020 Refinance Your Mortgage

Map preview of 1606 E 32nd St, Los Angeles, CA 90011

Property Overview: 1606 E 32nd St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,519 living square feet and 5,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Brand new 2 unit investment property available for a real estate investor or homeowner looking to live in one and rent the other. The property sits nearby Animo Ralph Bunche High School, Animo Jefferson Charter Middle School, Nevin Ave Elementary School, and a plethora of options for dining out and shopping. There is plenty of parking with a 2 car garage and spacious driveway. Both units (5BR/3BA) are separately metered for water/electricity, come with brand new stove/oven, miniblinds, and washer & dryer hookups.

Listed by Keegan Olsen | BRE #02096850 | Olsen Realty

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft: 5,007
HOA Dues: $0/mo
Year built: 2020
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC20129392
City: Los Angeles
County: Los Angeles
Time on Site: 1265 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 2
# of Beds: 5
# of Baths: 3
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $6,600

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.47%
Gross Rent Multiplier: 13.67
Gross Scheduled Income: $79,200
Net Operating Income: $57,450
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $19,374
New Taxes: $12,330
Trash: $0
Gardener: $720
Insurance: $1,232
Maintenance: $800
Professional Management: $3,600
Other Expenses: $692
Other Expense Description: reserves

Property Details for 1606 E 32nd St

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, Upper Level

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: 0-1 Unit/Acre
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 5117006008
Year Built Source: Builder
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Left on Long Beach Ave onto E 32nd St

Neighborhood Information

Community Features: Sidewalks, Urban

View more facts & features

Local Los Angeles Agent

Sale History for 1606 E 32nd St

Last sold for $980,000 on September 1st, 2020

September, 2020
Sep 3, 2020

Date

Sold

CRMLS: OC20129392

$980,000

Price
Jul 28, 2020

Date

Pending

CRMLS: OC20129392

$1,050,000

Price
Jul 6, 2020

Date

Active

CRMLS: OC20129392

$1,050,000

Price
September, 2020
Sep 1, 2020

Date

Sold (Public Records)

Public Records

$980,000

Price
April, 2019
Apr 11, 2019

Date

Sold (Public Records)

Public Records

$320,000

Price
October, 2018
Oct 31, 2018

Date

Expired

CRMLS: 817002858

$325,000

Price
Jul 3, 2018

Date

Pending

CRMLS: 817002858

$325,000

Price
May 31, 2018

Date

Expired

CRMLS: 817002858

$325,000

Price
Feb 22, 2018

Date

Pending

CRMLS: 817002858

$325,000

Price
Nov 22, 2017

Date

Active

CRMLS: 817002858

$325,000

Price
Listing provided courtesy of CRMLS

Amazing opportunity to own an affordable home near Downtown LA! This 1901 classic is a spacious 2 bedroom, 1 bathroom in an area that is changing quickly. The home is near plenty of public transportation and Fwy's to help get you to and from work with ease.

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Tax History for 1606 E 32nd St

Assessed Value (2020): $326,400

Year	Land Value	Improved Value	Assessed Value
2020	$261,120	$65,280	$326,400

Home Value Compared to the Market

This property vs the competition

1606 E 32nd St sold on September 1, 2020 for 7.08% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $298.38 per/sqft which puts the price per square foot 60.43% lower than the current median sale per square foot for the city of Los Angeles.

About 1606 E 32nd St

Detailed summary of property

1606 E 32nd St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 3,519 living square feet, and sits on an approximately 5,007 square foot lot. 1606 E 32nd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $980,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.08% lower than the current median priced home. Local homes that are currently for sale include 5111 Ascot Ave, 634 E Adams Blvd and 4355 S Avalon Blvd. While the average home in Los Angeles, CA is selling in 99 days, 1606 E 32nd St has a days on market of 16 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1606 E 32nd 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 1606 E 32nd St

Public county record property details

Beds: 2
Baths: 1
Year built: 1901
Sq. Ft.: 1,179
Lot Size: 5,007
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 5117-006-008

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

$555,000

Median Sold Price/Sq.Ft.

$484

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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Homes for Sale Near 1606 E 32nd St

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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.