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1638 Veteran Ave, Los Angeles, CA 90024
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1638 Veteran Ave Los Angeles, CA 90024

$2,100,000 Sold Price as of 08/26/2021
  • 6 Beds
  • 4 Baths
  • 3,649 Sq.Ft.
Sold
$2,100,000 Sold Price as of 08/26/2021 Refinance Your Mortgage
Map preview of 1638 Veteran Ave, Los Angeles, CA 90024

Property Overview: 1638 Veteran Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,649 living square feet and 6,834 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1638 Veteran (4 unit) plus its nearly identical twin next door at 1632 Veteran, which is a 3 plex, can be bought in a 15 unit package along with 1906 Malcolm (8 units). A trust owns all 3 buildings. The seller will sell all separately, or as a package. ** Both buildings are in extremely good shape and highly upgraded. Nice mix in the 7 units on Veteran: five of the units are 2 beds and the remaining units are 1 beds. One of the units is a 2 story, townhome styled unit with 2 beds and 2 baths. ** Long term tenants - average is over 4 years! ** Ample parking with garages in the back. ** Because the land is upsloped some of the units actually have views! ** Been in the same family for 2 decades and greatly cared for. Extremely well maintained. Really nice curb appeal with mature landscaping. ** On site common laundry room with seller-owned washer and dryer. Individually metered for gas and electric. 100% occupied. ** Located in a high demand rental area, close to UCLA & neighboring communities of Westwood, Century City & Beverly Hills. Easily accessible to 405 Freeway, public transportation, shopping and entertainment. ** Drive By Only. DO NOT DISTURB TENANTS. Same owner owns 1910 Malcolm. No intent to sell at this time. ** Seller will consider offers that are contingent on the closing of another property. Seller is not doing a 1031 and will coop with buyer’s 1031.

Listed by Nick Peters | BRE #00880972 | Engel & Volkers LA-South Bay
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,834
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB21089709
City
Los Angeles
County
Los Angeles
Time on Site
1145 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,936
  • Total Rent: $1,936
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,328
  • Total Rent: $2,328
  • Pro Forma/Market Rent: $2,875
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,781
  • Total Rent: $2,781
  • Pro Forma/Market Rent: $2,875
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.4
  • Gross Scheduled Income: $109,598
  • Net Operating Income: $67,183
  • Gross Operating Income: $107,406
  • Vacancy Allowance: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $40,223
  • Electric: $600
  • Gas/Fuel: $0
  • Licenses: $480
  • New Taxes: $23,460
  • Trash: $0
  • Gardener: $1,320
  • Insurance: $1,620
  • Professional Management: $5,370
  • Water/Sewer: $1,956

Property Details for 1638 Veteran Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Individual Room, Outside, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Landscaped, Lot 6500-9999, Rectangular Lot, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 4324029007
  • 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
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Blvd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1638 Veteran Ave

Last sold for $2,100,000 on August 26th, 2021

  • August, 2021

  • Aug 26, 2021

    Date

    Sold

    CRMLS: SB21089709

    $2,100,000

    Price

  • May 20, 2021

    Date

    Pending

    CRMLS: SB21089709

    $1,995,000

    Price

  • Apr 29, 2021

    Date

    Active

    CRMLS: SB21089709

    $1,995,000

    Price

  • January, 2021

  • Jan 7, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1638 Veteran Ave

Assessed Value (2020): $1,013,089
Year Land Value Improved Value Assessed Value
2020 $810,477 $202,612 $1,013,089

Home Value Compared to the Market

This property vs the competition

1638 Veteran Ave sold on August 26, 2021 for 76.55% higher 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 $546.73 per/sqft which puts the price per square foot 27.49% lower than the current median sale per square foot for the city of Los Angeles.

About 1638 Veteran Ave

Detailed summary of property

1638 Veteran Ave is a multi family that recently sold in Los Angeles, CA 90024. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 3,649 living square feet, and sits on an approximately 6,834 square foot lot. 1638 Veteran Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,100,000. 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 76.55% higher than the current median priced home. Local homes that are currently for sale include 12610 Caswell Ave, 4232 Mclaughlin Ave and 4057 Beethoven St. While the average home in Los Angeles, CA is selling in 99 days, 1638 Veteran Ave has a days on market of 20 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 1638 Veteran Ave Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1638 Veteran Ave

Public county record property details
Beds
6
Baths
6
Year built
1948
Sq. Ft.
3,649
Lot Size
6,834
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
4324-029-007

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,395,000
Median List Price/Sq.Ft.
$825
Median Sold Price
$1,325,000
Median Sold Price/Sq.Ft.
$793
Total Inventory
175
Median Sale to List Price %
98.22%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (24%), Other (8%)

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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