1839 Corinth Ave, Los Angeles, CA 90025
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1839 Corinth Ave Los Angeles, CA 90025

$3,779,520 Sold Price as of 05/14/2022
  • 10 Beds
  • 11 Baths
  • 6,342 Sq.Ft.
Sold
$3,779,520 Sold Price as of 05/14/2022 Refinance Your Mortgage

Map preview of 1839 Corinth Ave, Los Angeles, CA 90025

Property Overview: 1839 Corinth Ave Los Angeles, CA has 10 bedrooms, 11 bathrooms, 6,342 living square feet and 7,377 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Selling price reflects Buyer paying all broker commissions. First time on the market in over 40 years! A Value-Add Investor's Dream - 1839 Corinth Ave is a rare 10 unit, investment opportunity ideally located in one of the most desirable westside locations, one block from the popular Sawtelle Japantown strip. Boasting an outstanding WalkScore of 93, this provides residents an abundance of walking distance amenities, countless dining options, entertainment venues, & shopping. Additionally, the location is central to major employment hub offering high-paying jobs, not to mention some of California's best beaches.1839 Corinth Ave is the quintessential diamond in the rough, with the current owner having completed significant capital improvements such as newer roof, copper plumbing, and earthquake seismic retrofit which allows for a buyer to concentrate on renovations that can purely move the needle rent wise. Building also features a secured gated entry with on-site parking and laundry facilities. The 6,342 of living space offers a unit mix of 8 one bedroom units, 1 two bedroom and 1 bachelor. This asset allows the blank slate and flexibility to renovate the 6 vacant units and beautify the building facade for the ability to achieve some of the strongest rents in Los Angeles. The perfect investment for active investor, looking for strong, risk-mitigated returns and long-term appreciation.

Listed by Benjamin J. Hsiang | BRE #01438644 | Realty Investment Advisors, Inc.
Co-listed by Don Favia | BRE #01841258 | Realty Investment Advisors, Inc.
Last checked: 11 minutes ago | Last updated: May 14th, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
7,377
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22145399
City
Los Angeles
County
Los Angeles
Time on Site
761 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,125
  • Total Rent: $17,003
  • Pro Forma/Market Rent: $20,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,394
  • Total Rent: $1,394
  • Pro Forma/Market Rent: $3,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.59
  • Gross Scheduled Income: --
  • Net Operating Income: $163,013
  • Gross Operating Income: $233,346
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1839 Corinth Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Attached Carport, Covered, Uncovered, Parking Space, Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 10
  • Parcel Number: 4261022008
Location / Neighborhood
Location Information
  • Directions: West on Missouri Ave, North on Corinth Ave
View more facts & features

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Sale History for 1839 Corinth Ave

Last sold for $3,779,520 on May 14th, 2022
  • May, 2022

  • May 14, 2022

    Date

    Sold

    CRMLS: 22145399

    $3,779,520

    Price

  • Apr 19, 2022

    Date

    Active

    CRMLS: 22145399

    $3,750,000

    Price

  • May, 1994

  • May 25, 1994

    Date

    Sold (Public Records)

    Public Records

    $32,500

    Price

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Tax History for 1839 Corinth Ave

Assessed Value (2020): $916,265
Year Land Value Improved Value Assessed Value
2020 $356,324 $559,941 $916,265

Home Value Compared to the Market

This property vs the competition

1839 Corinth Ave sold on May 14, 2022 for 215.13% 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 $591.3 per/sqft which puts the price per square foot 21.68% lower than the current median sale per square foot for the city of Los Angeles.

About 1839 Corinth Ave

Detailed summary of property

1839 Corinth Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 10 bedrooms, 11 bathrooms, roughly 6,342 living square feet, and sits on an approximately 7,377 square foot lot. 1839 Corinth Ave was first listed on ArdentRealEstateGroup.com on April 19, 2022. The homeowner sold the property for $3,779,520. 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 215.13% higher than the current median priced home. Local homes that are currently for sale include 3749 Westwood Blvd, 3729 Delmas Terrace and 1453 S Beverly Dr. While the average home in Los Angeles, CA is selling in 92 days, 1839 Corinth Ave has a days on market of 15 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 1839 Corinth 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 1839 Corinth Ave

Public county record property details
Beds
10
Baths
11
Year built
1962
Sq. Ft.
6,342
Lot Size
7,377
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
4261-022-008

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
$1,199,000
Median List Price/Sq.Ft.
$749
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
114
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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Related Resources to 1839 Corinth 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.