1727 Bellevue Ave, Los Angeles, CA 90026

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1727 Bellevue Ave Los Angeles, CA 90026

$1,300,000 Sold Price as of 12/30/2021

6 Beds
6 Baths
3,343 Sq.Ft.

Sold

$1,300,000 Sold Price as of 12/30/2021 Refinance Your Mortgage

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Map preview of 1727 Bellevue Ave, Los Angeles, CA 90026

Property Overview: 1727 Bellevue Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,343 living square feet and 5,610 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Court Confirmation is set on November 24, 2021 at 8:30 A.M. at 111 N. Hill Street, Los Angeles, CA 90012, in Department 5. The minimum overbid shall be $1,082,000.00. All overbidders must bring a cashier's check for 10% of the total purchase price made payable to "Estate of Venacio Silvestre", entity documents, as well as proof of funds. Welcome to 1727 Bellevue Avenue! A truly incredible investment opportunity to own a 6 unit apartment complex situated in Echo Park. Stunning views of DTLA. The property is comprised of five separate structures. Below market rents and potential renovations provide prospective buyers with plenty of value add opportunities to realize market rents and a high stabilized yield. Two of the units have been fully remodeled. Garage is presently occupied by illegal occupants, who do not pay rent.

Listed by Andrew Brody | BRE #01776328 | Meridian Capital Real Estate

Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft: 5,610
HOA Dues: $0/mo
Year built: 1917
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21768754
City: Los Angeles
County: Los Angeles
Time on Site: 1142 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 5

Unit Breakdown 1

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $1,100
Pro Forma/Market Rent: $1,100

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $978
Pro Forma/Market Rent: $1,100

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $1,500
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $1,365
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $500
Pro Forma/Market Rent: $1,800

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $1,019
Pro Forma/Market Rent: $1,500

Unit Breakdown 7

# of Units: 0
# of Beds: 0
# of Baths: 0
Furnishing: Unfurnished
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.15
Gross Scheduled Income: --
Net Operating Income: $60,413
Gross Operating Income: $77,427

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1727 Bellevue Ave

Interior Features

Room Information

Flooring: Carpet, Laminate

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Two Door, Detached Carport

Property Information

Total # of Units: 6
Parcel Number: 5404010028

Location / Neighborhood

Location Information

Directions: North of the 101 freeway, South of Kent Street, West of Glendale Blvd., East of Alvarado

View more facts & features

Local Los Angeles Agent

Sale History for 1727 Bellevue Ave

Last sold for $1,300,000 on December 30th, 2021

September, 2021
Sep 7, 2021

Date

Active Under Contract

CRMLS: 21768754

$1,400,000

Price
Aug 4, 2021

Date

Active

CRMLS: 21768754

$1,400,000

Price

Tax History for 1727 Bellevue Ave

Assessed Value (2020): $770,061

Year	Land Value	Improved Value	Assessed Value
2020	$446,901	$323,160	$770,061

Home Value Compared to the Market

This property vs the competition

1727 Bellevue Ave sold on December 30, 2021 for 3.39% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $323.66 per/sqft which puts the price per square foot 55.3% lower than the current median sale per square foot for the city of Los Angeles.

About 1727 Bellevue Ave

Detailed summary of property

1727 Bellevue Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,343 living square feet, and sits on an approximately 5,610 square foot lot. 1727 Bellevue Ave was first listed on ArdentRealEstateGroup.com on August 4, 2021. The homeowner sold the property for $1,300,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 3.39% lower than the current median priced home. Local homes that are currently for sale include 1626 Echo Park Ave, 2352 W 3rd St and 422 N Reno St. While the average home in Los Angeles, CA is selling in 106 days, 1727 Bellevue Ave has a days on market of 35 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 1727 Bellevue Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1727 Bellevue Ave

Public county record property details

Beds: 14
Baths: 6
Year built: 1917
Sq. Ft.: 3,343
Lot Size: 5,610
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5-6,27
APN: 5404-010-028

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,225,000

Median List Price/Sq.Ft.

$787

Median Sold Price

$1,217,000

Median Sold Price/Sq.Ft.

$985

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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.