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1739 W 23rd St, Los Angeles, CA 90018
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1739 W 23rd St Los Angeles, CA 90018

$1,100,000 Sold Price as of 06/11/2019
  • 9 Beds
  • 5 Baths
  • 3,725 Sq.Ft.
Sold
$1,100,000 Sold Price as of 06/11/2019 Refinance Your Mortgage
Map preview of 1739 W 23rd St, Los Angeles, CA 90018

Property Overview: 1739 W 23rd St Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,725 living square feet and 6,749 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to acquire a 5-unit investment property located 1.5 walking-mile to USC right in the historic West Adams district with a 6% cap rate at current market rents. The 6749 sf lot is zoned LARD2 with 2 buildings - one built in the early 1900s and one built in the 1960s. The front building comprises of two 3-bedroom 1-bath units with the downstairs 3-bedroom completely renovated at the end of 2016. All 3 of the 1-bedroom units in the rear building have been recently updated and renovated with new kitchen cabinets and countertops and laminate wood and tile floor. The property offers better than 1-to-1 parking with a 2-car garage, 2 open space in front, 4 tandem parking for the two 3-bedroom units and 2 open space parking for the 1-bedroom units in the back. The 2-car garage can bring additional income as a garage rental, as it is currently used as a storage area by the ownership. All units are on separate electric and gas meters. DRIVE BY ONLY. Please do not disturb occupants.

Listed by SHAWN LUONG | BRE #00857818 | CENTURY 21 MASTERS
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
6,749
HOA Dues
$0/mo
Year built
1962
Garage
2 Car
Property Type:
Apartment
Status
Sold
MLS#
CV19027795
City
Los Angeles
County
Los Angeles
Time on Site
1263 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,317
  • Total Rent: $2,317
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,436
  • Total Rent: $1,436
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,603
  • Total Rent: $3,207
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,143
  • Total Rent: $1,143
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 12.5
  • Gross Scheduled Income: $97,239
  • Net Operating Income: $73,400
  • Gross Operating Income: $97,239
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $23,839
  • Electric: $0
  • Licenses: $339
  • New Taxes: $15,000
  • Trash: $0
  • Insurance: $1,900
  • Maintenance: $1,400
  • Professional Management: $0
  • Water/Sewer: $5,200

Property Details for 1739 W 23rd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Room Information
  • Flooring: Carpet, Laminate
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Gas Water Heater, Range Hood
Interior Features
  • 2 Staircases, Copper Plumbing Partial, Formica Counters, Granite Counters, High Ceilings
  • Levels: Two
  • Window Features: Blinds
  • Security Features: Gated Community, Window Bars
Exterior Features
Exterior Information
  • Roof: Bitumen, Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Driveway, Concrete, Garage, On Site, Parking Space, RV Access/Parking, Tandem Uncovered
Lot Information
  • Lot Features: 16-20 Units/Acre, 21-25 Units/Acre, Front Yard, Lawn, Lot 6500-9999, Value In Land
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Courtyard, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5058026013
  • Year Built Source: Assessor
  • Architectural Style: Craftsman, Ranch
  • Foundation Details: Pillar/Post/Pier, Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: East of Normandie, North of Adams
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1739 W 23rd St

Last sold for $1,100,000 on June 11th, 2019

  • June, 2019

  • Jun 12, 2019

    Date

    Sold

    CRMLS: CV19027795

    $1,100,000

    Price

  • Jun 1, 2019

    Date

    Pending

    CRMLS: CV19027795

    $1,223,000

    Price

  • Apr 23, 2019

    Date

    Active Under Contract

    CRMLS: CV19027795

    $1,223,000

    Price

  • Apr 9, 2019

    Date

    Price Change

    CRMLS: CV19027795

    $1,223,000

    Price

  • Feb 6, 2019

    Date

    Price Change

    CRMLS: CV19027795

    $1,250,000

    Price

  • Feb 6, 2019

    Date

    Active

    CRMLS: CV19027795

    $125,000

    Price

  • Feb 6, 2019

    Date

    Price Change

    CRMLS: CV19027795

    $125,000

    Price

  • Feb 6, 2019

    Date

    Withdrawn

    CRMLS: CV19027795

    $975,000

    Price

  • Feb 6, 2019

    Date

    Active

    CRMLS: CV19027795

    $975,000

    Price

  • June, 2019

  • Jun 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • October, 2013

  • Oct 25, 2013

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

Show More

Tax History for 1739 W 23rd St

Assessed Value (2020): $1,122,000
Year Land Value Improved Value Assessed Value
2020 $867,000 $255,000 $1,122,000

Home Value Compared to the Market

This property vs the competition

1739 W 23rd St sold on June 11, 2019 for 8.23% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $328.32 per/sqft which puts the price per square foot 56.46% lower than the current median sale per square foot for the city of Los Angeles.

About 1739 W 23rd St

Detailed summary of property

1739 W 23rd St is a apartment that recently sold in Los Angeles, CA 90018. This apartment offered 9 bedrooms, 5 bathrooms, roughly 3,725 living square feet, and sits on an approximately 6,749 square foot lot. 1739 W 23rd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,100,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 8.23% higher than the current median priced home. Local homes that are currently for sale include 2201 Cambridge St, 1421 W 22nd St and 1415 W 22nd St. While the average home in Los Angeles, CA is selling in 99 days, 1739 W 23rd St has a days on market of 71 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1739 W 23rd St Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1739 W 23rd St

Public county record property details
Beds
8
Baths
5
Year built
1903
Sq. Ft.
3,725
Lot Size
6,749
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
78
APN
5058-026-013

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$924,999
Median List Price/Sq.Ft.
$629
Median Sold Price
$1,130,000
Median Sold Price/Sq.Ft.
$712
Total Inventory
51
Median Sale to List Price %
103.2%
Avg Days on Market
45
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (22.22%), 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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