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162 S Detroit St, Los Angeles, CA 90036
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162 S Detroit St Los Angeles, CA 90036

$1,810,000 Sold Price as of 09/01/2023
  • 8 Beds
  • 6 Baths
  • 5,416 Sq.Ft.
Sold
$1,810,000 Sold Price as of 09/01/2023 Refinance Your Mortgage
Map preview of 162 S Detroit St, Los Angeles, CA 90036

Property Overview: 162 S Detroit St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 5,416 living square feet and 6,419 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Detached garages with potential conversion to ADU. Double kitchen for kosher living. Interior upgrades are in progress.

Listed by Lance Levin | BRE #01128388 | Lancelot Residential
Last checked: 1 minute ago | Last updated: September 5th, 2023 | Source CRMLS | DOM: 81

Home details

Lot Sq. Ft
6,419
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23270035
City
Los Angeles
County
Los Angeles
Time on Site
341 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,151
  • Total Rent: $4,111
  • Pro Forma/Market Rent: $6,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,111
  • Total Rent: $4,111
  • Pro Forma/Market Rent: $6,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.1%
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: --
  • Net Operating Income: $66,759
  • Gross Operating Income: $99,154
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 162 S Detroit St

Interior Features
Heating Information
  • Has Heating
  • Central, Fireplace(s)
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Bonus Room
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Multi/Split
  • Window Features: Bay Window(s)
Exterior Features
Exterior Information
  • Other Structures: Gazebo
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Covered
Lot Information
  • Lot Features: Back Yard
Property Information
  • Has View
  • View: Park/Greenbelt
  • Total # of Units: 2
  • Parcel Number: 5513019029
  • Foundation Details: Block
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Beverly Boulevard North of 3rd Street
View more facts & features

Local Los Angeles Agent

Sale History for 162 S Detroit St

Last sold for $1,810,000 on September 1st, 2023

  • September, 2023

  • Sep 1, 2023

    Date

    Sold

    CRMLS: 23270035

    $1,810,000

    Price

  • May 12, 2023

    Date

    Active

    CRMLS: 23270035

    $2,275,000

    Price

  • December, 1999

  • Dec 14, 1999

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

  • July, 1995

  • Jul 10, 1995

    Date

    Sold (Public Records)

    Public Records

    $77,000

    Price

Show More

Tax History for 162 S Detroit St

Assessed Value (2020): $983,749
Year Land Value Improved Value Assessed Value
2020 $562,146 $421,603 $983,749

Home Value Compared to the Market

This property vs the competition

162 S Detroit St sold on September 1, 2023 for 68.07% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $369.28 per/sqft which puts the price per square foot 51.09% lower than the current median sale per square foot for the city of Los Angeles.

About 162 S Detroit St

Detailed summary of property

162 S Detroit St is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 5,416 living square feet, and sits on an approximately 6,419 square foot lot. 162 S Detroit St was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $1,810,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 68.07% higher than the current median priced home. Local homes that are currently for sale include 812 Alandele Ave, 1089 S Orange Dr and 1096 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 93 days, 162 S Detroit St has a days on market of 81 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 162 S Detroit St Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 162 S Detroit St

Public county record property details
Beds
6
Baths
4
Year built
1929
Sq. Ft.
5,416
Lot Size
6,418
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
264
APN
5513-019-029

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$881
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
53
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 162 S Detroit St

134 S Detroit St, Los Angeles, CA 90036
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540 Baths
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134 S Detroit St
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127 S Detroit St, Los Angeles, CA 90036
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203 S Detroit St, Los Angeles, CA 90036
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101 S Detroit St, Los Angeles, CA 90036
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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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