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1715 Sichel St, Los Angeles, CA 90031
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1715 Sichel St Los Angeles, CA 90031

$850,000
  • 15 Beds
  • 15 Baths
  • 2,200 Sq.Ft.
For Sale
$850,000 Get Pre-Qualified
Map preview of 1715 Sichel St, Los Angeles, CA 90031

Property Overview: 1715 Sichel St Los Angeles, CA has 15 bedrooms, 15 bathrooms, 2,200 living square feet and 6,141 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: Investment Opportunity – 1715 Sichel Street, Los Angeles, CA Presenting 1715 Sichel St, a 5-unit multi-family property in the heart of Los Angeles, perfect for investors looking for a contractor special. This property, located on a 6,141 sq. ft. lot, offers a total of 5 bedrooms and 5 bathrooms, with each unit having its own bathroom. The property is in need of TLC and is a fantastic opportunity for those with a vision for renovation or value-add potential. It is currently under REAP (Rent Escrow Account Program), which adds to its potential as a project for experienced investors ready to bring it up to code and maximize rental income. The three-vehicle garage, totaling 504 sq. ft., provides additional value. Once renovated, this property will have strong potential for rental income in a desirable Los Angeles location with easy access to schools, amenities, and attractions. Don’t miss this chance to take advantage of the real estate market in one of LA’s thriving neighborhoods! The 5 Units next door are also for sale. Get them before they are gone.

Listed by David De Anda | BRE #01912935 | Las Casas Realty, Inc.
Last checked: 5 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,141
HOA Dues
$0/mo
Year built
1932
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
GD24185090
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $450
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $630
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $675
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $465
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $26,640
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Water/Sewer: $6,000

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Property Details for 1715 Sichel St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 15
  • Parcel Number: 5210007034
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Mission Ave & Sichel St
View more facts & features

Local Los Angeles Agent

Sale History for 1715 Sichel St

Last sold for $205,000 on June 7th, 1996

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: GD24185090

    $850,000

    Price

  • April, 2024

  • Apr 9, 2024

    Date

    Canceled

    CRMLS: 24355341

    $1,150,000

    Price

  • Feb 5, 2024

    Date

    Active

    CRMLS: 24355341

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Discover a unique investment opportunity in the heart of Los Angeles with these two multi-unit properties located at 1715 Sichel St and 1723 Sichel St, with a total of 10 bedrooms and 10 bathrooms, providing one bathroom per unit. The property at 1715 Sichel St offers an expansive 6,141 sq. ft. lot, while its counterpart at 1723 Sichel St features a generous 5,912 sq. ft. lot. Property has 3 vehicle garage summing up to about 504 sq ft. each. These properties are intricately designed to provide comfort and privacy in each unit, making them an ideal investment for those seeking rental income or future appreciation. Notably, there is currently one vacancy, presenting an immediate opportunity for customization or potential rental income. What makes this opportunity particularly appealing is that both properties must be sold together, creating a seamless investment strategy. This package deal not only ensures cohesive management but also maximizes the potential for rental income or other investment endeavors. The combined lots offers ample outdoor space for potential amenities or landscaping to enhance the overall appeal of the properties. Strategically situated in a desirable Los Angeles neighborhood, these properties provide convenient access to nearby attractions, schools, and amenities, adding to their attractiveness for potential tenants. Whether you're a seasoned investor or exploring real estate opportunities, these properties at 1715 Sichel St and 1723 Sichel St present a compelling proposition for those looking to capitalize on the thriving Los Angeles real estate market. Don't miss out on this incredible investment.

  • April, 2023

  • Apr 7, 2023

    Date

    Canceled

    CRMLS: 23249117

    $699,000

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: 23249117

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Close to major freeways I-5 and I-10 and USC hospital. Just minutes from downtown. Must be sold together with 1723 Sichel St. located adjacent to the subject property: Listing ID: 23-249145. Total for both properties $1.4M. Both properties currently under REAP.

  • December, 2011

  • Dec 7, 2011

    Date

    Expired

    CRMLS: 12152925

    $599,000

    Price

  • Jun 8, 2011

    Date

    Active

    CRMLS: 12152925

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investor opportunity, 10 units with 10 bedrooms, 10 bathrooms, front 3 units ( 1719 Sichel ) are remodeled the rest of the units are in good condition , needs some TLC, at street level, half of block from General Hospital, 4400 sq sf living space, 12,110 sq sf lot, 6 garages, area is very clean and quiet. Two separate parcels/two separate tax bills has community driveway in the middle of the property. 1715 Sichel St is parcel #5210-007-034. 1719 Sichel St is parcel #5210-007-033.

  • June, 1996

  • Jun 7, 1996

    Date

    Sold (Public Records)

    Public Records

    $205,000

    Price

Show More

Tax History for 1715 Sichel St

Assessed Value (2020): $157,476
Year Land Value Improved Value Assessed Value
2020 $121,510 $35,966 $157,476

Home Value Compared to the Market

This property vs the competition

1715 Sichel St is listed 29.17% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $386.36 per/sqft which puts the price per square foot 49.69% lower than the median price per square foot for the city of Los Angeles.

About 1715 Sichel St

Detailed summary of property

1715 Sichel St is a multi family located in Los Angeles, CA 90031 and is currently for sale. This multi family property offers 15 bedrooms, 15 bathrooms, roughly 2,200 living square feet, and sits on an approximately 6,141 square foot lot. 1715 Sichel St was first listed on ArdentRealEstateGroup.com on September 6, 2024. The homeowner is currently asking $850,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 29.17% lower than the median priced home. Local competing homes currently for sale include 6016 E Olympic Blvd, 6524 S Central Ave and 5400 S Broadway. While the average home in Los Angeles, CA is selling in 106 days, 1715 Sichel St has a days on market of 13 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1715 Sichel St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1715 Sichel St

Public county record property details
Beds
5
Baths
5
Year built
1932
Sq. Ft.
2,200
Lot Size
6,140
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5210-007-034

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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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