1835 Greenfield Ave, Los Angeles, CA 90025
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1835 Greenfield Ave Los Angeles, CA 90025

$4,890,000 Sold Price as of 07/05/2023
  • 22 Beds
  • 20 Baths
  • 13,804 Sq.Ft.
Sold
$4,890,000 Sold Price as of 07/05/2023 Refinance Your Mortgage

Map preview of 1835 Greenfield Ave, Los Angeles, CA 90025

Property Overview: 1835 Greenfield Ave Los Angeles, CA has 22 bedrooms, 20 bathrooms, 13,804 living square feet and 13,242 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: NEW PRICING!!! We are thrilled to present an extraordinary investment opportunity in the heart of prime West LA on Greenfield Ave. Boasting an extra-large 13,242 SF lot, this multi-family property features 14 units within a 13,804 SF building, offering a superb unit mix of spacious one, two, and three-bedroom layouts to generate substantial rental income for investors. Originally constructed in 1965, this property is being delivered 100% vacant, offering the perfect opportunity for value-add investors to renovate and improve the units to unlock their full potential. With the five-year Ellis Act expiration date in December 2023, investors have the opportunity to re-occupy at market rental rates, allowing them to maximize their return on investment and generate long-term income streams.Located in the heart of West LA, this property offers easy access to a wide range of amenities. Tenants can take a stroll to Sawtelle Blvd, where you'll find an array of trendy shops, restaurants, and cafes, offering some of the city's finest cuisine. Experience the thriving culinary scene at night markets or relax and watch a movie at the nearby Landmark Theater. Conveniently located near public transportation and major highways, this property provides easy access to everything that the city has to offer. Enjoy quick access to the 405 and 10 freeways, which take you to popular destinations such as Santa Monica, Culver City, and Downtown LA. Investors can take advantage of the property's strategic location just 2 miles south of the UCLA campus and maximize their return on investment by capitalizing on the tremendous West LA rental demand. This exceptional property presents a rare and lucrative opportunity for investors to own a prime West LA investment property, combining an excellent location and the potential for significant returns. With its vacant status and the upcoming Ellis Act expiration date, this property is a diamond in the rough, waiting to be polished and transformed into an outstanding investment opportunity. Don't miss out on this unique chance to own a prime piece of West LA real estate!

Listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Co-listed by Don Favia | BRE #01841258 | Realty Investment Advisors, Inc.
Last checked: 8 minutes ago | Last updated: July 5th, 2023 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
13,242
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23258747
City
Los Angeles
County
Los Angeles
Time on Site
481 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $22,000
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $15,800
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $9,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.96%
  • Gross Rent Multiplier: 10.57
  • Gross Scheduled Income: --
  • Net Operating Income: $417,329
  • Gross Operating Income: $550,572
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1835 Greenfield Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Carport, Tandem Garage
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 14
  • Parcel Number: 4323013044
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: East on Santa Monica Blvd, South on Greenfield Ave
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Sale History for 1835 Greenfield Ave

Last sold for $4,890,000 on July 5th, 2023
  • July, 2023

  • Jul 5, 2023

    Date

    Sold

    CRMLS: 23258747

    $4,890,000

    Price

  • Apr 25, 2023

    Date

    Active

    CRMLS: 23258747

    $6,800,000

    Price

  • May, 2017

  • May 5, 2017

    Date

    Sold (Public Records)

    Public Records

    $5,609,000

    Price

  • October, 2016

  • Oct 14, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1835 Greenfield Ave

Assessed Value (2020): $5,952,675
Year Land Value Improved Value Assessed Value
2020 $4,244,832 $1,707,843 $5,952,675

Home Value Compared to the Market

This property vs the competition

1835 Greenfield Ave sold on July 5, 2023 for 435.71% 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 $434.66 per/sqft which puts the price per square foot 39.96% lower than the current median sale per square foot for the city of Los Angeles.

About 1835 Greenfield Ave

Detailed summary of property

1835 Greenfield Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 22 bedrooms, 20 bathrooms, roughly 13,804 living square feet, and sits on an approximately 13,242 square foot lot. 1835 Greenfield Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $4,890,000. 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 435.71% higher than the current median priced home. Local homes that are currently for sale include 1975 S Corning St, 112-114 S Harper Ave and 1005 N Croft Ave. While the average home in Los Angeles, CA is selling in 106 days, 1835 Greenfield Ave has a days on market of 66 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1835 Greenfield Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1835 Greenfield Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
13,804
Lot Size
13,230
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
16,17
APN
4323-013-044

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,159,000
Median List Price/Sq.Ft.
$745
Median Sold Price
$1,151,000
Median Sold Price/Sq.Ft.
$714
Total Inventory
134
Median Sale to List Price %
97.96%
Avg Days on Market
23
Loan Type
Conventional (13.79%), FHA (0%), VA (0%), Cash (20.69%), Other (10.34%)

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Related Resources to 1835 Greenfield Ave

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.