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1723 Corinth Ave, Los Angeles, CA 90025
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1723 Corinth Ave Los Angeles, CA 90025

$2,295,000
  • 8 Beds
  • 10 Baths
  • 5,433 Sq.Ft.
For Sale
$2,295,000 Get Pre-Qualified
Map preview of 1723 Corinth Ave, Los Angeles, CA 90025

Property Overview: 1723 Corinth Ave Los Angeles, CA has 8 bedrooms, 10 bathrooms, 5,433 living square feet and 7,361 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: 1723 Corinth Ave is a ten (10) unit multi-family property that has entitled plans for a new nine (9) unit project. Located in a wonderful West LA location, the property is near all the restaurants and shops on Sawtelle Blvd., and in close proximity to Westwood, Santa Monica and Century City. The existing two story building was constructed in 1957 is approximately 5,433 SF, and has an excellent unit mix of eight (8) 1 BR + 1 Bath and two (2) studio units. Two of the 1 BR + 1 Bath units are currently vacant, and the building still requires the seismic retrofit work for the tuck under parking structure. The seller's have fully entitled plans for a new nine (9) unit development project. The new building will be four stories in heights with one level of subterranean parking. The total square footage of the new property will be approximately 10,251 SF and will have a five (5) 2 BR + 2 Bath, and four (4) 3 BR + 2 Bath units. The new multi-family development does NOT require any of the units to be designated as low income and does not fall under SB8. All the tenants have been notified that the property has been Ellised and is expected to be fully vacant by March of 2025. Unique opportunity for a savvy value-add multi-family investor or developer looking to build a new apartment in prime West LA. Full development plans are available upon request.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 8 minutes ago | Last updated: June 8th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
7,361
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24398551
City
Los Angeles
County
Los Angeles
Time on Site
25 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $912
  • Total Rent: $1,824
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,382
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $18,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.16%
  • Gross Rent Multiplier: 14.79
  • Gross Scheduled Income: --
  • Net Operating Income: $90,500
  • Gross Operating Income: $150,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1723 Corinth Ave

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Property Details for 1723 Corinth Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Attached Carport
Property Information
  • Total # of Units: 10
  • Parcel Number: 4261017008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Sawtelle Blvd. and south of Santa Monica Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1723 Corinth Ave

Last sold for $1,900,000 on February 26th, 2019

  • May, 2024

  • May 31, 2024

    Date

    Active

    CRMLS: 24398551

    $2,295,000

    Price

  • February, 2019

  • Feb 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • February, 2019

  • Feb 21, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1723 Corinth Ave

Assessed Value (2020): $2,550,520
Year Land Value Improved Value Assessed Value
2020 $2,040,000 $510,520 $2,550,520

Home Value Compared to the Market

This property vs the competition

1723 Corinth Ave is listed 83.75% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $422.42 per/sqft which puts the price per square foot 45.7% lower than the median price per square foot for the city of Los Angeles.

About 1723 Corinth Ave

Detailed summary of property

1723 Corinth Ave is a multi family located in Los Angeles, CA 90025 and is currently for sale. This multi family property offers 8 bedrooms, 10 bathrooms, roughly 5,433 living square feet, and sits on an approximately 7,361 square foot lot. 1723 Corinth Ave was first listed on ArdentRealEstateGroup.com on May 31, 2024. The homeowner is currently asking $2,295,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 83.75% higher than the median priced home. Local competing homes currently for sale include 10772 Woodbine St, 3709 S Bentley Ave and 10515 Tabor St. While the average home in Los Angeles, CA is selling in 98 days, 1723 Corinth Ave has a days on market of 26 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 1723 Corinth 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 1723 Corinth Ave

Public county record property details
Beds
8
Baths
10
Year built
1957
Sq. Ft.
5,433
Lot Size
7,359
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
4261-017-008

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
$1,199,000
Median List Price/Sq.Ft.
$735
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$758
Total Inventory
114
Median Sale to List Price %
111.22%
Avg Days on Market
30
Loan Type
Conventional (11.11%), FHA (3.7%), VA (0%), Cash (3.7%), Other (7.41%)

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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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