1846 Cordova St Los Angeles, CA 90007

$1,450,000 Sold Price as of 02/16/2018

16 Beds
8 Baths
5,280 Sq.Ft.

Off Market

$1,450,000 Sold Price as of 02/16/2018 Refinance Your Mortgage

Map preview of 1846 Cordova St, Los Angeles, CA 90007

Property Overview: 1846 Cordova St Los Angeles, CA has 16 bedrooms, 8 bathrooms, 5,280 living square feet and 6,699 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1846 Cordova St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 1846 Cordova St

Last sold for $1,450,000 on February 19th, 2018

December, 2020
Dec 17, 2020

Date

Expired

CRMLS: 20594982

$1,750,000

Price
Dec 8, 2020

Date

Withdrawn

CRMLS: 20594982

$1,750,000

Price
Jun 24, 2020

Date

Active

CRMLS: 20594982

$1,750,000

Price
Listing provided courtesy of CRMLS

Built in 1959, this 8-unit property totals 5,280 SF located in Mid-City's Harvard Heights, between Normandie Ave & S Mariposa Ave, just south of Washington Blvd. The building features a unit mix of exclusively two-bed one-bath apartments. This offering presents an investor the opportunity to acquire a value-add asset with a 37% loss-to-lease and a pro forma CAPrate of 7.99% through renovations when the units turn. The property is being offered at a 14.18 GRM on current income and a low price per unit of $215,625.Furthermore, there are 8 parking spaces for the building secured by a gated entrance. Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units in this neighborhood continues to increase year-over-year due to the centralized location with convenient access to the 10 Freeway and transportation options within walking distance.

Continue Reading
August, 2018
Aug 6, 2018

Date

Canceled

CRMLS: 18356620

$1,799,000

Price
Jun 19, 2018

Date

Active

CRMLS: 18356620

$1,799,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the exclusive listing of a 16-unit portfolio. The portfolio consists of an 8-unit building at 1962 W 22nd St in Historic West Adams and an 8-unit apartment building at 1846 Cordova St in Downtown West just north of the 10, which can be sold together or separately. Both of these properties are within walking distance to USC and offer a great alternative for student housing. Additionally, this asset has a highly desirable unit mix of eight 2-bedroom/ 1-bathroom units. Located in Downtown West, situated just south of Venice Blvd and east of Western, 1846 Cordova St boasts an excellent unit mix and ample parking in a gentrifying pocket of Los Angeles. Additionally, it is just minutes from popular attractions such as the Staples Center, LA Live, the Museum of Contemporary Art, and new and proposed developments such as The Metropolis and The Cumulus Towers, a 30-story ground up project including 1200 units, and 100,000 square feet of brand new retail shops.

Continue Reading
March, 2018
Mar 30, 2018

Date

Sold

CRMLS: 17277986

$1,450,000

Price
Oct 7, 2017

Date

Active

CRMLS: 17277986

$1,560,000

Price
Listing provided courtesy of CRMLS

Pleased to present for sale an eight-unit apartment building. The two-story property features eight two-bedroom/one-bath apartments with ample gated parking. All units are separately metered for gas and electricity. The 1959 constructed asset represents a true value-add opportunity with tremendous upside in a dense rental market. The Cordova Apartments offer a savvy investor approximately 91 percent upside in rental income via interior and common area renovations and capturing the in-place loss-to-lease. The subject property is located in the Pico-Union neighborhood of Los Angeles, which was designated as an economic Promise Zone by President Obama in January 2014. With a Walk Score of 80, tenants can accomplish most errands on foot, which is extremely attractive to millennial renters. Moreover, Downtown Los Angeles is on the verge of becoming one of the world's foremost tourist attractions, with major developments occurring in the luxury residential (for sale and for rent), offic

Continue Reading
February, 2018
Feb 16, 2018

Date

Sold (Public Records)

Public Records

$1,450,000

Price
January, 2015
Jan 6, 2015

Date

Sold (Public Records)

Public Records

$900,000

Price

Tax History for 1846 Cordova St

Assessed Value (2020): $1,508,580

Year	Land Value	Improved Value	Assessed Value
2020	$1,040,400	$468,180	$1,508,580

About 1846 Cordova St

Detailed summary of property

1846 Cordova St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90007 and last sold on February 16, 2018 for $1,450,000. This property has 16 bedrooms, 8 bathrooms, roughly 5,280 living square feet, and sits on an approximately 6,699 square foot lot. Homes 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 29.46% higher than the current median priced home. 1846 Cordova St was last sold on February 16, 2018 for $1,450,000. Local nearby listings include 2738 Kenwood Ave, 1934 S Western Ave and 2914 Kenwood Ave. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 1846 Cordova St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1846 Cordova St

Public county record property details

Beds: 16
Baths: 8
Year built: 1959
Sq. Ft.: 5,280
Lot Size: 6,699
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 23
APN: 5075-029-005

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,495,000

Median List Price/Sq.Ft.

$610

Median Sold Price

$1,025,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

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

Thinking of Selling?

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

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote