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1723 W 52Nd St, Los Angeles, CA 90062
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1723 W 52Nd St Los Angeles, CA 90062

$685,000 Sold Price as of 10/29/2020
  • 4 Beds
  • 7 Baths
  • -- Sq.Ft.
Sold
$685,000 Sold Price as of 10/29/2020 Refinance Your Mortgage
Map preview of 1723 W 52Nd St, Los Angeles, CA 90062

Property Overview: 1723 W 52Nd St Los Angeles, CA has 4 bedrooms, 7 bathrooms, -- living square feet and 5,460 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The offering consists of a 7-unit apartment building operating at a 8.83% CAP located in the rapidly gentrifying neighborhood of South Los Angeles. The property comprises of a duplex and 5 NC studios. Price per unit is $103,571 and GRM is 8.67. This is a unique opportunity to capitalize on strong cash flow on day 1 of owning this property. Contact agent for marketing brochure.

Listed by Benjamin Gribnau | BRE #02069968 | Zacuto Group
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
5,460
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20630000
City
Los Angeles
County
Los Angeles
Time on Site
1206 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,557
  • Total Rent: $1,557
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,011
  • Total Rent: $1,011
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 8.67
  • Gross Scheduled Income: --
  • Net Operating Income: $64,020
  • Gross Operating Income: $81,108
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1723 W 52Nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Total # of Units: 7
  • Parcel Number: 5003005023
Location / Neighborhood
Location Information
  • Directions: This high-income producing property is located just east of Western Ave and North of Slauson Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1723 W 52Nd St

Last sold for $685,000 on October 29th, 2020

  • November, 2020

  • Nov 3, 2020

    Date

    Sold

    CRMLS: 20630000

    $685,000

    Price

  • Sep 15, 2020

    Date

    Active

    CRMLS: 20630000

    $725,000

    Price

  • October, 2020

  • Oct 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $685,000

    Price

  • May, 2019

  • May 11, 2019

    Date

    Expired

    CRMLS: 18414558

    $695,000

    Price

  • Dec 14, 2018

    Date

    Withdrawn

    CRMLS: 18414558

    $695,000

    Price

  • Dec 10, 2018

    Date

    Active

    CRMLS: 18414558

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    1723 W 52nd St is a 2 unit apartment complex consisting of 2 detached structures. This property is located in the heart of Los Angeles with 10 minute drive to USC and Downtown Los Angeles. This property is great for a first time investor looking for strong cash flow in a rapidly gentrifying market. The front structure consists of 3 units and an office. Units 1 and 2 are both 2-bedroom + 1-bathroom units with a separate entrance in the front. There is a studio apartment attached to the rear of the first structure as well as well as a renovated vacant office approx. same size as studios. The 2nd structure consists of 2 attached studio apartments. The entire apartment complex has copper plumbing and has over 25% upside with below market rents.Disclosure: Title shows only 2 legal units and total square footage reflects this. There are 3 non-conforming studios not showing on title that are approximately 250 sqft. each. Buyer to verify actual square footage and legality of units.

  • May, 2019

  • May 11, 2019

    Date

    Expired

    CRMLS: 18415824

    $665,000

    Price

  • Jan 28, 2019

    Date

    Price Change

    CRMLS: 18415824

    $665,000

    Price

  • Dec 14, 2018

    Date

    Active

    CRMLS: 18415824

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    1723 W 52nd St is a 6 unit apartment complex consisting of 2 detached structures. This property is located in the heart of Los Angeles with 10 minute drive to USC and Downtown Los Angeles. This property is great for a first time investor looking for strong cash flow in a rapidly gentrifying market. The front structure consists of 4 units. Units 1 and 2 are both 2-bedroom + 1-bathroom units with a separate entrance in the front. Units 3 and 4 are both studio apartments attached to the rear of the first structure. Unit 3 is delivered vacant and in excellent condition for market rent. The 2nd structure consists of 2 attached studio apartments. The entire apartment complex has copper plumbing and has over 25% upside with below market rents.Disclosure: Title shows only 2 legal units and total square footage reflects this. There are 4 non-conforming studios not showing on title that are approximately 250 sqft. each. Buyer to verify actual square footage and legality of units.

  • February, 2019

  • Feb 21, 2019

    Date

    Expired

    CRMLS: 18409560

    $850,000

    Price

  • Dec 10, 2018

    Date

    Withdrawn

    CRMLS: 18409560

    $850,000

    Price

  • Nov 20, 2018

    Date

    Active

    CRMLS: 18409560

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    1723 W 52nd St is a 6 unit apartment complex consisting of 2 detached structures. This property is located in the heart of Los Angeles with 10 minute drive to USC and Downtown Los Angeles. This property is great for a first time investor looking for strong cash flow in a rapidly gentrifying market. The front structure consists of 4 units. Units 1 and 2 are both 2-bedroom + 1-bathroom units with a separate entrance in the front. Units 3 and 4 are both studio apartments attached to the rear of the first structure. Unit 3 is delivered vacant and in excellent condition for market rent. The 2nd structure consists of 2 attached studio apartments. The entire apartment complex has copper plumbing and has over 25% upside with below market rents.Disclosure: Title shows only 2 legal units and total square footage reflects this. There are 4 non-conforming studios not showing on title that are approximately 250 sqft. each. Buyer to verify actual square footage and legality of units.

  • April, 2001

  • Apr 24, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1723 W 52Nd St

Assessed Value (2020): $230,461
Year Land Value Improved Value Assessed Value
2020 $168,635 $61,826 $230,461

Home Value Compared to the Market

This property vs the competition

1723 W 52Nd St sold on October 29, 2020 for 39.08% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1723 W 52Nd St

Detailed summary of property

1723 W 52Nd St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 4 bedrooms, 7 bathrooms, roughly -- living square feet, and sits on an approximately 5,460 square foot lot. 1723 W 52Nd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $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 39.08% lower than the current median priced home. Local homes that are currently for sale include 1726 W 60th St, 5170 S Van Ness Ave and 5175 S Van Ness Ave. While the average home in Los Angeles, CA is selling in 96 days, 1723 W 52Nd St has a days on market of 43 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1723 W 52Nd St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1723 W 52Nd St

Public county record property details
Beds
2
Baths
2
Year built
1924
Sq. Ft.
1,827
Lot Size
5,460
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5003-005-023

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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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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