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1812 W 5Th St, Los Angeles, CA 90057
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1812 W 5Th St Los Angeles, CA 90057

$5,035,000 Sold Price as of 08/31/2021
  • 8 Beds
  • 8 Baths
  • 22,340 Sq.Ft.
Sold
$5,035,000 Sold Price as of 08/31/2021 Refinance Your Mortgage
Map preview of 1812 W 5Th St, Los Angeles, CA 90057

Property Overview: 1812 W 5Th St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 22,340 living square feet and 7,477 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1812 West 5th Street is a 40-unit apartment building located in a prime Westlake location just north of 6th street near McArthur Park and the Home Depot, a highly walkable location with access to entertainment, shopping, dining, nightlife, and employment opportunities. Built in 1927, this value-add investment presents the investor an opportunity to achieve a 36% upside in rents after renovations when the units turn. The property will be delivered with ten vacancies at the close of escrow.The subject property is being offered at a 4.77% current cap rate and a 11.17 GRM on current income. Ease of management as the electric and gas utilities are separately metered. There is also a RUBS program in-place for future tenants of water and sewer partial reimbursement. The subject property has an incredible walk score of 93, a Walkers Paradise recognized for its unparalleled access to dining, shopping, parks, schools, amenities and entertainment; and is a short walk to MacArthur Park, Good Samaritan Hospital and the Metro Purple andRed Lines. Westlake is the second-most dense neighborhood in Los Angeles County, according to the Los Angeles Times; its rental market continues to thrive as it is in the center of high-growth neighborhoods such as Pico-Union, Koreatown, Echo Park and Downtown Los Angeles

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 110

Home details

Lot Sq. Ft
7,477
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21730938
City
Los Angeles
County
Los Angeles
Time on Site
1103 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 40
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $856
  • Total Rent: $6,848
  • Pro Forma/Market Rent: $9,560
Unit Breakdown 2
  • # of Units: 24
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $942
  • Total Rent: $22,599
  • Pro Forma/Market Rent: $31,080
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,202
  • Total Rent: $9,620
  • Pro Forma/Market Rent: $12,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.77%
  • Gross Rent Multiplier: 11.17
  • Gross Scheduled Income: --
  • Net Operating Income: $250,522
  • Gross Operating Income: $446,633
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1812 W 5Th St

Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 40
  • Parcel Number: 5154025010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located between S Bonnie Brae and S Burlington Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1812 W 5Th St

Last sold for $5,035,000 on August 31st, 2021

  • September, 2021

  • Sep 8, 2021

    Date

    Sold

    CRMLS: 21730938

    $5,035,000

    Price

  • May 12, 2021

    Date

    Active

    CRMLS: 21730938

    $5,250,000

    Price

  • September, 2021

  • Sep 1, 2021

    Date

    Expired

    CRMLS: 21713064

    $1,295

    Price

  • Mar 31, 2021

    Date

    Active

    CRMLS: 21713064

    $1,295

    Price

  • Listing provided courtesy of CRMLS

    **Hardwood like Floors **Tile in the Kitchen & Bathroom **Ceiling Fan **Street Parking Only

  • March, 2021

  • Mar 1, 2021

    Date

    Expired

    CRMLS: 20661568

    $1,295

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: 20661568

    $1,295

    Price

  • Listing provided courtesy of CRMLS

    **Hardwood like Floors **Tile in the Kitchen & Bathroom **Ceiling Fan **Street Parking Only

  • March, 2020

  • Mar 4, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,700,000

    Price

  • March, 2020

  • Mar 4, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1812 W 5Th St

Assessed Value (2020): $2,852,901
Year Land Value Improved Value Assessed Value
2020 $788,186 $2,064,715 $2,852,901

Home Value Compared to the Market

This property vs the competition

1812 W 5Th St sold on August 31, 2021 for 341.18% 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 $235 per/sqft which puts the price per square foot 68.87% lower than the current median sale per square foot for the city of Los Angeles.

About 1812 W 5Th St

Detailed summary of property

1812 W 5Th St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 22,340 living square feet, and sits on an approximately 7,477 square foot lot. 1812 W 5Th St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $5,035,000. 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 341.18% higher than the current median priced home. Local homes that are currently for sale include 2320 Glendale Blvd, 1002 N Mariposa Ave and 914 S Gramercy Dr. While the average home in Los Angeles, CA is selling in 92 days, 1812 W 5Th St has a days on market of 110 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1812 W 5Th St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1812 W 5Th St

Public county record property details
Beds
8
Baths
--
Year built
1927
Sq. Ft.
22,340
Lot Size
7,477
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5154-025-010

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$538
Median Sold Price
$365,000
Median Sold Price/Sq.Ft.
$773
Total Inventory
12
Median Sale to List Price %
104.58%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 1812 W 5Th St

450 S Burlington Ave, Los Angeles, CA 90057
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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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