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1831 S Redondo Blvd, Los Angeles, CA 90019
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1831 S Redondo Blvd Los Angeles, CA 90019

$1,950,000
  • 24 Beds
  • 24 Baths
  • 3,720 Sq.Ft.
For Sale
$1,950,000 Get Pre-Qualified
Map preview of 1831 S Redondo Blvd, Los Angeles, CA 90019

Property Overview: 1831 S Redondo Blvd Los Angeles, CA has 24 bedrooms, 24 bathrooms, 3,720 living square feet and 8,581 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Existing 3-unit apartment building comprising all one-bedroom units, with one unit recently remodeled. The garages have been replaced with two new Accessory Dwelling Units (ADUs), which are permitted, and Certificates of Occupancy have been issued. Unit 1831 1/2 and Unit 1833 1/2 are both brand new ADUs featuring two bedrooms and two bathrooms each, approximately 800 square feet in size. These ADUs include solar panels on the roof, split system air conditioning in all rooms, new white shaker kitchens with quartz countertops, stainless steel appliances, and in-unit washer and dryer facilities. Each ADU comes with a private backyard.Both ADUs are currently rented. The buyer is required to cooperate with the seller's 1031 Exchange at no cost to the buyer. There are no garages, but ADU 1831 1/2 has driveway parking, and the front one-bedroom unit, 1831, has parking in front of the unit.

Listed by Shawn Esrawi | BRE #01221935 | Millennium R.E. Development
Last checked: 4 minutes ago | Last updated: January 6th, 2024 | Source CRMLS | DOM: 153
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Home details

Lot Sq. Ft
8,581
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23331959
City
Los Angeles
County
Los Angeles
Time on Site
175 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.5
  • Gross Scheduled Income: --
  • Net Operating Income: $101,236
  • Gross Operating Income: $119,340
  • Other Income 1: $5,900
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $12,500
  • Gardener: $1,500
  • Insurance: $3,000
  • Water/Sewer: $2,304

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Property Details for 1831 S Redondo Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Electric, Heat Pump, Dual
Heating Information
  • Has Heating
  • Combination, Electric, Heat Pump, Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, In Kitchen, Inside, Stackable
Fireplace Information
  • Has Fireplace
  • Bath, Blower Fan
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Range, Oven, Gas Oven
Interior Features
  • Levels: One
  • Window Features: Screens, Skylight(s), Double Pane Windows
  • Security Features: Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard, Lawn, Landscaped
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 5067019028
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: South of Venice Blvd, North of Washington , West of La Brea, East of Fairfax,
View more facts & features

Local Los Angeles Agent

Sale History for 1831 S Redondo Blvd

Last sold for $1,000,000 on August 26th, 2020

  • November, 2023

  • Nov 15, 2023

    Date

    Active

    CRMLS: 23331959

    $1,995,000

    Price

  • March, 2022

  • Mar 25, 2022

    Date

    Canceled

    CRMLS: 22139491

    $1,450,000

    Price

  • Mar 24, 2022

    Date

    Active

    CRMLS: 22139491

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    3 Units apartment building consists of 3 1 bed, 1 bath units. Huge lot with tons of potential. Great development site. ONE VACANT UNIT NOW. " SELLER WILL NOT DELIVER OTHER VACANT UNITS" Under rent control and tenants are long time renters. Buyer to cooperate with Seller 1031 Exchange with no cost or delay to buyers.

  • March, 2022

  • Mar 2, 2022

    Date

    Expired

    CRMLS: 21108769

    $1,350,000

    Price

  • Dec 1, 2021

    Date

    Active

    CRMLS: 21108769

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    3 Units apartment building consists of 3 1 bed, 1 bath units. Huge lot with tons of potential. Great development site. " SELLER WILL NOT DELIVER VACANT UNITS" Under rent control and tenants are long time renters. Buyer to cooperate with Seller 1031 Exchange with no cost or delay to buyers.

  • August, 2020

  • Aug 28, 2020

    Date

    Sold

    CRMLS: 20573488

    $1,000,000

    Price

  • Aug 12, 2020

    Date

    Pending

    CRMLS: 20573488

    $1,150,950

    Price

  • Jul 29, 2020

    Date

    Price Change

    CRMLS: 20573488

    $1,150,950

    Price

  • Jul 1, 2020

    Date

    Active

    CRMLS: 20573488

    $1,199,950

    Price

  • Jun 30, 2020

    Date

    Pending

    CRMLS: 20573488

    $1,199,950

    Price

  • Apr 25, 2020

    Date

    Active

    CRMLS: 20573488

    $1,199,950

    Price

  • Listing provided courtesy of CRMLS

    Charming triplex with excellent curb appeal, zoned LARD1.5. On the same block you see many finished 3 story developments, along with one that is in process at this time. Two lots next door sold for $1,750,000 each a few years ago. This is a large level lot, waiting for a developer to convert and cash out. Alternatively all 3 units have the same spacious floor plans with large eat-in kitchens adjacent to big living rooms, and there are big upsides in rents. The property shows pride of ownership and units are well maintained.

  • August, 2020

  • Aug 26, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • August, 2020

  • Aug 26, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1831 S Redondo Blvd

Assessed Value (2020): $60,689
Year Land Value Improved Value Assessed Value
2020 $33,594 $27,095 $60,689

Home Value Compared to the Market

This property vs the competition

1831 S Redondo Blvd is listed 57.89% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $524.19 per/sqft which puts the price per square foot 32.27% lower than the median price per square foot for the city of Los Angeles.

About 1831 S Redondo Blvd

Detailed summary of property

1831 S Redondo Blvd is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 24 bedrooms, 24 bathrooms, roughly 3,720 living square feet, and sits on an approximately 8,581 square foot lot. 1831 S Redondo Blvd was first listed on ArdentRealEstateGroup.com on November 16, 2023. The homeowner is currently asking $1,950,000 and was originally asking $1,995,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 57.89% higher than the median priced home. Local competing homes currently for sale include 2000 Clyde Ave, 2533 Lucerne Ave and 2637 S Redondo Blvd. While the average home in Los Angeles, CA is selling in 94 days, 1831 S Redondo Blvd has a days on market of 153 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1831 S Redondo Blvd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1831 S Redondo Blvd

Public county record property details
Beds
--
Baths
--
Year built
1942
Sq. Ft.
2,120
Lot Size
8,578
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5067-019-028

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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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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