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1848 Federal Ave, Los Angeles, CA 90025
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1848 Federal Ave Los Angeles, CA 90025

$3,835,000 Sold Price as of 10/23/2020
  • 14 Beds
  • 14 Baths
  • 7,226 Sq.Ft.
Sold
$3,835,000 Sold Price as of 10/23/2020 Refinance Your Mortgage
Map preview of 1848 Federal Ave, Los Angeles, CA 90025

Property Overview: 1848 Federal Ave Los Angeles, CA has 14 bedrooms, 14 bathrooms, 7,226 living square feet and 5,645 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ATTENTION: already 50% leased at market rents- $6,495 and $,5950! Enjoy in-place, sky-high cash flow on day 1 of ownership! 1846 Federal Ave is a sleek, beautifully designed new construction fourplex situated in premium West Los Angeles, 7 minutes from UCLA and 9 minutes from Santa Monica. This property is made up of two standalone 3-story duplexes containing the ideal unit mix of three 4 bedroom, 4 bathroom units and one 2 bedroom, 2 bathroom unit. This easy to manage fourplex will provide investors a cap rate of 5.01%. In addition to the impressive return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 1846 Federal Ave is the only new construction fourplex available within a mile! The units will feature: washers and dryers in each unit, stainless steel appliances, high quality finishes, upscale modern kitchens, stunning bathrooms, and extremely spacious floor plans! There are 4 covered parking spaces and 4 partially covered parking spaces accessed from a back alley.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,645
HOA Dues
$0/mo
Year built
2020
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
BB20177427
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,495
  • Total Rent: $6,495
  • Pro Forma/Market Rent: $6,945
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,950
  • Total Rent: $5,950
  • Pro Forma/Market Rent: $5,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: 15.13
  • Gross Scheduled Income: $262,740
  • Net Operating Income: $199,274
  • Gross Operating Income: $252,230
  • Vacancy Allowance: $10,510
Annual Expense Breakdown
  • Total Operating Expense: $52,957
  • Electric: $600
  • Gas/Fuel: $0
  • New Taxes: $46,667
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,890
  • Maintenance: $1,600
  • Water/Sewer: $0

Virtual Tour

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Property Details for 1848 Federal Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Balcony, Open Floorplan, Recessed Lighting
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • New Condition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Landscaped, Level with Street, Level, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Federal Ave, Between Missouri and Nebraska Ave
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1848 Federal Ave

Last sold for $3,835,000 on October 23rd, 2020

  • October, 2020

  • Oct 23, 2020

    Date

    Sold

    CRMLS: BB20177427

    $3,835,000

    Price

  • Sep 14, 2020

    Date

    Pending

    CRMLS: BB20177427

    $3,975,000

    Price

  • Aug 28, 2020

    Date

    Active

    CRMLS: BB20177427

    $3,975,000

    Price

Tax History for 1848 Federal Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1848 Federal Ave sold on October 23, 2020 for 234.03% 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 $550.1 per/sqft which puts the price per square foot 27.14% lower than the current median sale per square foot for the city of Los Angeles.

About 1848 Federal Ave

Detailed summary of property

1848 Federal Ave is a fourplex that recently sold in Los Angeles, CA 90025. This fourplex offered 14 bedrooms, 14 bathrooms, roughly 7,226 living square feet, and sits on an approximately 5,645 square foot lot. 1848 Federal Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,835,000. 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 234.03% higher than the current median priced home. Local homes that are currently for sale include 3749 Westwood Blvd, 3544 Vinton Ave and 3729 Delmas Terrace. While the average home in Los Angeles, CA is selling in 92 days, 1848 Federal Ave has a days on market of 7 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 1848 Federal 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 1848 Federal Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$1,150,000
Median List Price/Sq.Ft.
$763
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
112
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%)

Thinking of Selling?

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Recently Sold Homes Near 1848 Federal Ave

1921 Federal Ave, Los Angeles, CA 90025
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1921 Federal Ave
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1920 Barry Ave, Los Angeles, CA 90025
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-- Sq.Ft.
1920 Barry Ave
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1924 Barry Ave, Los Angeles, CA 90025
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0 Beds
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0 Sq.Ft.
1924 Barry Ave
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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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