View Photos

1816 W 25Th St Los Angeles, CA 90018

$1,676,000 Sold Price as of 10/23/2019

8 Beds
6 Baths
5,087 Sq.Ft.

Sold

$1,676,000 Sold Price as of 10/23/2019 Refinance Your Mortgage

Map preview of 1816 W 25Th St, Los Angeles, CA 90018

Property Overview: 1816 W 25Th St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 5,087 living square feet and 6,638 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ***Update: Now at a 5.71% cap rate on current in place rents. The previously vacant unit has been leased at $2,295 proving our market rents.* Perfect Owner/Occupied Opportunity with a 5 Unit beautifully rehabbed Craftsmen with 6% cash on cash. One Vacant Unit. Located in the Historic West Adams District, with Washer and Dryer in each unit, the property currently has a large vacant One Bedroom unit that can be converted into a 2+1 Flex unit. Rent for a similar One Bedroom craftsman in the area with added bonus room is asking $2,650 rent. Take a look at the cash flow analysis on page 31 of our OM that shows a scenario that would achieve a 7.4% cash on cash and an Average Annual ROI of 21.2%. This may be achieved by just doing minor upgrades to the one vacant unit and raising rents the allowable 3% per year which will more than double your investment in 5 years. Rents are as of Oct 1, 2019. *The figures above are merely projections to be verified by Buyer. Seller and his/her representati

Listed by Kelly Morgan | BRE #01898026 | Keller Williams-Santa Monica

Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 130

Home details

Lot Sq. Ft: 6,638
HOA Dues: $0/mo
Year built: 1910
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19454760
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,023
Total Rent: $3,890
Pro Forma/Market Rent: $4,390

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,075
Total Rent: $1,995
Pro Forma/Market Rent: $2,295

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,295
Total Rent: $0
Pro Forma/Market Rent: $2,295

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,392
Total Rent: $2,300
Pro Forma/Market Rent: $2,495

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,300
Total Rent: $2,300
Pro Forma/Market Rent: $2,300

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.71%
Gross Rent Multiplier: 13.13
Gross Scheduled Income: --
Net Operating Income: $95,415
Gross Operating Income: $128,560
Improvements Total: $310,000

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1816 W 25Th St

Interior Features

Laundry Information

Has Laundry
Gas & Electric Dryer Hookup

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Auto Driveway Gate

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 5
Parcel Number: 5058020030

Location / Neighborhood

Location Information

Directions: Just North of W. Adams Blvd, East of S. Western Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 1816 W 25Th St

Last sold for $1,676,000 on October 23rd, 2019

November, 2019
Nov 6, 2019

Date

Sold

CRMLS: 19454760

$1,676,000

Price
Jun 28, 2019

Date

Price Change

CRMLS: 19454760

$1,740,000

Price
May 17, 2019

Date

Price Change

CRMLS: 19454760

$1,775,000

Price
Apr 12, 2019

Date

Active

CRMLS: 19454760

$1,800,000

Price
October, 2019
Oct 23, 2019

Date

Sold (Public Records)

Public Records

$1,676,000

Price
March, 2017
Mar 31, 2017

Date

Sold (Public Records)

Public Records

$1,050,000

Price

Tax History for 1816 W 25Th St

Assessed Value (2020): $1,676,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,340,000	$336,000	$1,676,000

Home Value Compared to the Market

This property vs the competition

1816 W 25Th St sold on October 23, 2019 for 55.36% higher 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 $342.05 per/sqft which puts the price per square foot 52.76% lower than the current median sale per square foot for the city of Los Angeles.

About 1816 W 25Th St

Detailed summary of property

1816 W 25Th St is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 5,087 living square feet, and sits on an approximately 6,638 square foot lot. 1816 W 25Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,676,000. 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 55.36% higher than the current median priced home. Local homes that are currently for sale include 1293 W 36th St, 2904 W 14th St and 2460 W 18th St. While the average home in Los Angeles, CA is selling in 106 days, 1816 W 25Th St has a days on market of 130 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 1816 W 25Th 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 1816 W 25Th St

Public county record property details

Beds: 6
Baths: 5
Year built: --
Sq. Ft.: 5,087
Lot Size: 6,638
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 31
APN: 5058-020-030

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

$999,800

Median List Price/Sq.Ft.

$640

Median Sold Price

$1,040,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

Median Sale to List Price %

104.1%

Avg Days on Market

Loan Type

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

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1816 W 25Th St

Nearby Homes for Sale

Recently Sold Homes Near 1816 W 25Th St

$820,000 Last Sold Price

4 Beds

2 Baths

-- Sq.Ft.

1815 W Adams
Los Angeles, CA 90018

$775,000 Last Sold Price

5 Beds

2 Baths

2682 Sq.Ft.

1835 W Adams
Los Angeles, CA 90018

$845,000 Last Sold Price

5 Beds

3 Baths

1930 Sq.Ft.

1811 W 24th St
Los Angeles, CA 90018

$800,000 Last Sold Price

9 Beds

6 Baths

4 Sq.Ft.

1823 W 24Th St
Los Angeles, CA 90018

Related Resources to 1816 W 25Th St

New Listings in 90018

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.