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1721 Armacost Ave, Los Angeles, CA 90025
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1721 Armacost Ave Los Angeles, CA 90025

$2,685,000 Sold Price as of 12/02/2022
  • 10 Beds
  • 10 Baths
  • 4,718 Sq.Ft.
Sold
$2,685,000 Sold Price as of 12/02/2022 Refinance Your Mortgage
Map preview of 1721 Armacost Ave, Los Angeles, CA 90025

Property Overview: 1721 Armacost Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 4,718 living square feet and 6,158 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Immaculate West LA Spanish style 5-unit garden apartment building that offers excellent amenities to tenants. Attractive unit mix consists of four 2 bed/2 bath and one 2 bed/2bath plus den. Featuring a current 4.25% cap rate with solid in-place rents, amenities consist of ample storage, including walk in closets, crown molding, on site laundry and covered parking just to name a few. If that wasn't enough, its proximity to an array of eateries on Sawtelle District, short walk to Stoner Park and quick drive to Target, Trader Joes and 405/10 Freeways make this property highly desirable for tenants to call this their home. This offering provides a rare opportunity to investors or owner user to acquire a great asset in a strong rental market. A rare gem!

Listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Co-listed by Don Favia | BRE #01841258 | Realty Investment Advisors, Inc.
Last checked: 14 minutes ago | Last updated: March 6th, 2024 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
6,158
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22208923
City
Los Angeles
County
Los Angeles
Time on Site
569 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,675
  • Total Rent: $10,450
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.25%
  • Gross Rent Multiplier: 16.31
  • Gross Scheduled Income: --
  • Net Operating Income: $116,983
  • Gross Operating Income: $163,542
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1721 Armacost Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 5
  • Parcel Number: 4259013005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West on Iowa Ave, South on Armacost Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1721 Armacost Ave

Last leased for $3,000 on March 1st, 2024

  • March, 2024

  • Mar 1, 2024

    Date

    Leased

    CRMLS: 24357871

    $3,000

    Price

  • Feb 13, 2024

    Date

    Active

    CRMLS: 24357871

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    This is a newly renovated large 2 bedroom/2 bathroom unit with large Den (approximately 1,000 SF in total) located in heart of West Los Angeles area, near Stoner Recreation Center, University High School and Brockton Elementary School. UCLA is also located approximately 2 miles northeast of the property. Located in matured residential area, and easy access to restaurants, shopping and entertainment establishments. Furnished with brand new Mini Splits and appliances.

  • December, 2022

  • Dec 2, 2022

    Date

    Sold

    CRMLS: 22208923

    $2,685,000

    Price

  • Oct 21, 2022

    Date

    Active

    CRMLS: 22208923

    $2,750,000

    Price

Show More

Tax History for 1721 Armacost Ave

Assessed Value (2020): $555,880
Year Land Value Improved Value Assessed Value
2020 $328,790 $227,090 $555,880

Home Value Compared to the Market

This property vs the competition

1721 Armacost Ave sold on December 2, 2022 for 131.09% 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 $582.87 per/sqft which puts the price per square foot 22.8% lower than the current median sale per square foot for the city of Los Angeles.

About 1721 Armacost Ave

Detailed summary of property

1721 Armacost Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 4,718 living square feet, and sits on an approximately 6,158 square foot lot. 1721 Armacost Ave was first listed on ArdentRealEstateGroup.com on October 21, 2022. The homeowner sold the property for $2,685,000. 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 131.09% higher than the current median priced home. Local homes that are currently for sale include 12021 Washington Pl, 3757 Veteran Ave and 3631 Motor Ave. While the average home in Los Angeles, CA is selling in 93 days, 1721 Armacost Ave has a days on market of 14 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 1721 Armacost Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1721 Armacost Ave

Public county record property details
Beds
11
Baths
8
Year built
1961
Sq. Ft.
4,718
Lot Size
6,158
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
4259-013-005

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,149,000
Median List Price/Sq.Ft.
$739
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
111
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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.

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