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1627 E 32Nd St Los Angeles, CA 90011

$850,000 Sold Price as of 08/24/2022

7 Beds
3 Baths
2,149 Sq.Ft.

Sold

$850,000 Sold Price as of 08/24/2022 Refinance Your Mortgage

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Map preview of 1627 E 32Nd St, Los Angeles, CA 90011

Property Overview: 1627 E 32Nd St Los Angeles, CA has 7 bedrooms, 3 bathrooms, 2,149 living square feet and 4,994 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 1627 E 32nd St, a great multi-unit with an amazing CAP Rate in the Heart of LA near Downtown, USC, Banc of California Stadium, Natural History Museum and near the highly anticipated Lucas Museum of Narrative Art. The Vacant main house is a 3 bedroom 1 bathroom with gated private yard and charming front porch is ready to rent out or could ideally be owner occupied where the new owner can take advantage of collecting the rented back units to pay nearly all of their mortgage. This recently remodeled house comes with newer appliances including in unit washer and dryer center. In the rear of the property there is a separate detached two story building. Lower unit is a 2 bedroom 1 bath and the upper unit is a 2 bedroom 1 bath as well. Both have been updated nicely with light laminate floors through-out, new windows and wall unit AC in the main-living area. Occupied units will be sold with tenants in place.

Listed by Colt Maloney | BRE #01952570 | Figure 8 Realty
Co-listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty

Last checked: 9 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft: 4,994
HOA Dues: $0/mo
Year built: 1906
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22164577
City: Los Angeles
County: Los Angeles
Time on Site: 751 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,495
Total Rent: $2,495
Pro Forma/Market Rent: $2,495

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,895
Total Rent: $1,895
Pro Forma/Market Rent: $1,895

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,795
Total Rent: $1,795
Pro Forma/Market Rent: $1,795

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.6%
Gross Rent Multiplier: 12.3
Gross Scheduled Income: --
Net Operating Income: $50,044
Gross Operating Income: $70,829

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1627 E 32Nd St

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 3
Parcel Number: 5117004023

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Waze

View more facts & features

Local Los Angeles Agent

Sale History for 1627 E 32Nd St

Last sold for $850,000 on August 24th, 2022

August, 2022
Aug 24, 2022

Date

Sold

CRMLS: 22164577

$850,000

Price
Jun 5, 2022

Date

Active

CRMLS: 22164577

$895,000

Price
August, 2021
Aug 24, 2021

Date

Pending

CRMLS: 21761168

$895,000

Price
Aug 20, 2021

Date

Active

CRMLS: 21761168

$895,000

Price
Aug 18, 2021

Date

Pending

CRMLS: 21761168

$895,000

Price
Jul 15, 2021

Date

Active

CRMLS: 21761168

$895,000

Price
Listing provided courtesy of CRMLS

Welcome to 1627 E 32nd St, a great multi-unit with an amazing CAP Rate in the Heart of LA near Downtown, USC, Banc of California Stadium, Natural History Museum and in progress the highly anticipated Lucas Museum of Narrative Art. The main house is a 3 bedroom 1 bathroom with a gated private yard and charming front porch. This recently remodeled house comes with newer appliances including in unit washer and dryer center. In the rear of the property there is a separate detached two story building. Lower unit is a 2 bedroom 1 bath and the upper unit is a 2 bedroom 1 bath as well. Both have been updated nicely with light laminate floors through-out, new windows and wall unit AC in the main-living area. Fully Occupied and will be sold with tenants in place.

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October, 2020
Oct 5, 2020

Date

Canceled

CRMLS: 20603830

$799,000

Price
Jul 14, 2020

Date

Active

CRMLS: 20603830

$799,000

Price
Listing provided courtesy of CRMLS

Welcome to 1627 E 32nd St, a great multi-unit in the Heart of LA near Downtown, USC, Banc of California Stadium, Natural History Museum and in progress the highly anticipated Lucas Museum of Narrative Art. The main house is a 3 bedroom 1 bathroom with a gated private yard and charming front porch. This recently remodeled house comes with newer appliances including in unit washer and dryer center. In the rear of the property there is a separate detached two story building. Lower unit is a 2 bedroom 1 bath and the upper unit is a 2 bedroom 1 bath as well. Both have been updated nicely with light laminate floors through-out (lower unit) new windows and wall unit AC in the main-living area. Offer subject to interior inspection.

Continue Reading
June, 2019
Jun 26, 2019

Date

Sold

CRMLS: 319001924

$708,000

Price
May 21, 2019

Date

Active Under Contract

CRMLS: 319001924

$718,000

Price
May 15, 2019

Date

Active

CRMLS: 319001924

$718,000

Price
Listing provided courtesy of CRMLS

Calling all investors! Newly remodeled VACANT triplex in Los Angeles. Less than 3 miles from the Fashion District and Downtown LA. Perfect for investors looking for steady cash flow.. Unit mix is one 3bed/1 bath and two are 2 bed/1 bath. Two buildings on a lot. Front house has new roof, plumbing, flooring, electricity, kitchen and bathroom with washer and dryer hookups. Back building has 2 units which have been rehabbed. Don't let this one get away!

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June, 2019
Jun 25, 2019

Date

Sold (Public Records)

Public Records

$708,000

Price
May, 2019
May 15, 2019

Date

Canceled

CRMLS: 319001920

$718,000

Price
Listing provided courtesy of CRMLS

Calling all investors! Newly remodeled VACANT triplex in Los Angeles. Less than 3 miles from the Fashion District and Downtown LA. Perfect for investors looking for steady cash flow.. Unit mix is one 3bed/1 bath and two are 2 bed/1 bath. Two buildings on a lot. Front house has new roof, plumbing, flooring, electricity, kitchen and bathroom with washer and dryer hookups. Back building has 2 units which have been rehabbed. Don't let this one get away!

Continue Reading
May, 2019
May 8, 2019

Date

Sold (Public Records)

Public Records

--

Price
September, 2018
Sep 18, 2018

Date

Sold

CRMLS: PW17226844

$385,000

Price
Oct 18, 2017

Date

Pending

CRMLS: PW17226844

$392,000

Price
Oct 3, 2017

Date

Active

CRMLS: PW17226844

$392,000

Price
Listing provided courtesy of CRMLS

3 Units - Calling Investors: HUGE MARGINS, Single Family House in Front and 2 Units in Back. ALL UNITS 2 BEDROOM, 1 BATH. EACH UNIT PAYS $1,000.00 ea. - Property needs updating, Best value of L.A. QUICK CLOSING IS A MUST!!

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October, 2017
Oct 9, 2017

Date

Sold

CRMLS: DW17167361

$345,000

Price
Jul 21, 2017

Date

Active

CRMLS: DW17167361

$470,000

Price
Listing provided courtesy of CRMLS

great triplex for all investors looking to receive steady cash flow. its is 3 units sitting in a well designed spacious lot. it consist of two separate buildings one in the front and the back units are one in the bottom and one in the top. Agents and buyers to conduct there own due diligence.

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Tax History for 1627 E 32Nd St

Assessed Value (2020): $722,160

Year	Land Value	Improved Value	Assessed Value
2020	$428,400	$293,760	$722,160

Home Value Compared to the Market

This property vs the competition

1627 E 32Nd St sold on August 24, 2022 for 20.8% 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 $416.47 per/sqft which puts the price per square foot 44.76% lower than the current median sale per square foot for the city of Los Angeles.

About 1627 E 32Nd St

Detailed summary of property

1627 E 32Nd St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 7 bedrooms, 3 bathrooms, roughly 2,149 living square feet, and sits on an approximately 4,994 square foot lot. 1627 E 32Nd St was first listed on ArdentRealEstateGroup.com on June 5, 2022. The homeowner sold the property for $850,000. 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 20.8% lower than the current median priced home. Local homes that are currently for sale include 1541 E 51st St, 1537 E 51st St and 1195 E 49th St. While the average home in Los Angeles, CA is selling in 98 days, 1627 E 32Nd St has a days on market of 8 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1627 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 1627 E 32Nd St

Public county record property details

Beds: 6
Baths: 3
Year built: 1906
Sq. Ft.: 1,932
Lot Size: 4,994
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 25
APN: 5117-004-023

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

$625,000

Median List Price/Sq.Ft.

$493

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%)

Thinking of Selling?

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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.