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1623 E 33rd St, Los Angeles, CA 90011
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1623 E 33rd St Los Angeles, CA 90011

$865,000
  • 8 Beds
  • 4 Baths
  • 2,438 Sq.Ft.
For Sale
$865,000 Get Pre-Qualified
Map preview of 1623 E 33rd St, Los Angeles, CA 90011

Property Overview: 1623 E 33rd St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,438 living square feet and 5,334 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: Great Investment Opportunity for an experience or new investor. Two of the units have been renovated also the stairs and deck have been completely refurbished. Four units all 2 bedrooms 1 bath and ample parking for 7 or more cars on site. Property has excellent potential for additional ADU. Built in 1958, has 2,438 sq. ft. of living space and lot size of 5,334. Total monthly income is $5,128 with room to increase rents, yearly income is $61,536. Property is ideally located close proximity to Staples Center, Downtown LA, and USC.

Listed by Salvador Serrano | BRE #01442564 | Pacific Investment Properties
Last checked: 7 minutes ago | Last updated: September 14th, 2022 | Source CRMLS | DOM: 631
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Home details

Lot Sq. Ft
5,334
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
OC22148805
City
Los Angeles
County
Los Angeles
Time on Site
663 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $5,128
  • Total Rent: $5,128
  • Pro Forma/Market Rent: $7,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $61,536
  • Net Operating Income: $41,889
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,647
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

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Property Details for 1623 E 33rd St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Average Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5117006013
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available
Location / Neighborhood
Location Information
  • Directions: South of Adams, North of Vernon, West of Alameda.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1623 E 33rd St

Last sold for $694,000 on June 18th, 2018

  • July, 2022

  • Jul 7, 2022

    Date

    Active

    CRMLS: OC22148805

    $879,000

    Price

  • July, 2022

  • Jul 3, 2022

    Date

    Expired

    CRMLS: DW21248785

    $879,250

    Price

  • Dec 2, 2021

    Date

    Active

    CRMLS: DW21248785

    $925,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity for an experience or new investor. Four units all 2 bedrooms 1 bath and ample parking for 6 or more cars on site. Property has excellent potential for additional ADU. Built in 1958, has 2,438 sq. ft. of living space and lot size of 5,334. Total monthly income is $5,118 with room to increase rents, yearly income is $61,416. Property is ideally located close proximity to Staples Center, Downtown LA, and USC.

  • June, 2018

  • Jun 20, 2018

    Date

    Sold

    CRMLS: SR18080712

    $694,000

    Price

  • May 26, 2018

    Date

    Active Under Contract

    CRMLS: SR18080712

    $700,000

    Price

  • Apr 9, 2018

    Date

    Active

    CRMLS: SR18080712

    $700,000

    Price

  • Listing provided courtesy of CRMLS

    This great investment opportunity is located within 10-15 minutes from The Staple Center, Downtown Los Angeles and USC. With the potential to raise rents up to 3% per year, this property sits on approximately a 5,361 sq ft lot with 2,438 sq ft of living space. Tenants have plenty of parking. Each unit has 2 bedrooms, 1 bath, dining area and kitchen. This property is in a up and coming neighborhood and close to entertainment venues. Needs some TLC. Add this investment property to your real estate portfolio.

  • June, 2018

  • Jun 18, 2018

    Date

    Sold (Public Records)

    Public Records

    $694,000

    Price

  • February, 2018

  • Feb 26, 2018

    Date

    Expired

    CRMLS: SR17247821

    $700,000

    Price

  • Oct 31, 2017

    Date

    Active

    CRMLS: SR17247821

    $700,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION INVESTORS! Great opportunity to acquire a profitable quadraplex in a quiet neighborhood of Downtown LA. Each unit has 2 bedrooms, 1 bathroom, and it's own gas/electric meter. The property is well maintained and can easily be rented out or used for a new development.

  • October, 2017

  • Oct 16, 2017

    Date

    Expired

    CRMLS: SR17134256

    $720,000

    Price

  • Oct 11, 2017

    Date

    Withdrawn

    CRMLS: SR17134256

    $720,000

    Price

  • Jun 16, 2017

    Date

    Active

    CRMLS: SR17134256

    $720,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to acquire a profitable quadruplex apartment. Great for an developer to build a new building, too. Very quiet neighbors in DTLA area. All units are 2 bedrooms 1 bathroom. The property is well maintained, 4 gas/electric meters.

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Tax History for 1623 E 33rd St

Assessed Value (2020): $722,037
Year Land Value Improved Value Assessed Value
2020 $416,160 $305,877 $722,037

Home Value Compared to the Market

This property vs the competition

1623 E 33rd St is listed 30.8% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $354.8 per/sqft which puts the price per square foot 54.34% lower than the median price per square foot for the city of Los Angeles.

About 1623 E 33rd St

Detailed summary of property

1623 E 33rd St is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 2,438 living square feet, and sits on an approximately 5,334 square foot lot. 1623 E 33rd St was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner is currently asking $865,000 and was originally asking $879,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.8% lower than the median priced home. Local competing homes currently for sale include 1531 E 46th St, 1247 E Vernon Ave and 1348 E 21st St. While the average home in Los Angeles, CA is selling in 92 days, 1623 E 33rd St has a days on market of 631 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1623 E 33rd 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 1623 E 33rd St

Public county record property details
Beds
8
Baths
4
Year built
1958
Sq. Ft.
2,438
Lot Size
5,360
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
5117-006-013

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
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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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