1850 E 71st St Los Angeles, CA 90001

$--

4 Beds
4 Baths
2,300 Sq.Ft.

Off Market

Map preview of 1850 E 71st St, Los Angeles, CA 90001

Property Overview: 1850 E 71st St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,300 living square feet and 5,647 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1850 E 71st 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 $771. 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.

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Sale History for 1850 E 71st St

Last sold on July 1st, 2019

September, 2024
Sep 6, 2024

Date

Expired

CRMLS: 24394601

$1,125,000

Price
May 21, 2024

Date

Active

CRMLS: 24394601

$1,300,000

Price
Listing provided courtesy of CRMLS

*** 2nd price reduction - $175,000 reduction from original listed price *** 1850 E. 71st St is a 4-unit & ADU value-add property offered at a 7.20% CAP and 9.31 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (2) 2-bdrm. units, (1) 2-bdrm. ADU, and (1) 1-bdrm. unit that generate approx. $10,737 in monthly gross income. 1850 E. 71st St. presents approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 10.95% CAP and 6.73 GRM by achieving market rents. Located just north of Florence Ave, this value-add opportunity is located 0.5 miles from Plaza La Alameda, a community center (opened in 2008) that is home to 220,000 SF of retail space and 18,000 SF of office space. In addition, the property is located 1 mile east of Pacific Blvd, the commercial heart of Huntington Park. 1850 E. 71st Street can be purchased individually or as part of a 5-property South LA portfolio. Please contact LA1 for more information.

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July, 2019
Jul 1, 2019

Date

Sold (Public Records)

Public Records

--

Price
April, 2018
Apr 21, 2018

Date

Sold

CRMLS: MB18015126

$617,000

Price
Mar 3, 2018

Date

Pending

CRMLS: MB18015126

$599,999

Price
Feb 24, 2018

Date

Active Under Contract

CRMLS: MB18015126

$599,999

Price
Jan 21, 2018

Date

Active

CRMLS: MB18015126

$599,999

Price
Listing provided courtesy of CRMLS

Great Investment property in the County section of Los Angeles. Non-Rent controlled Quadruplex close to shopping and transportation. These units are never vacant. Owner's unit will be delivered vacant.

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April, 2018
Apr 13, 2018

Date

Sold (Public Records)

Public Records

$617,000

Price

Tax History for 1850 E 71st St

Assessed Value (2020): $641,926

Year	Land Value	Improved Value	Assessed Value
2020	$301,716	$340,210	$641,926

About 1850 E 71st St

Detailed summary of property

1850 E 71st St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90001 and is currently off market. This property has 4 bedrooms, 4 bathrooms, roughly 2,300 living square feet, and sits on an approximately 5,647 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. Local nearby listings include 1634 E 85th St, 6524 S Central Ave and 6524 S Central Ave. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 1850 E 71st St Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1850 E 71st St

Public county record property details

Beds: 4
Baths: 4
Year built: 1923
Sq. Ft.: 2,300
Lot Size: 5,647
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 6009-029-002

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$589,000

Median List Price/Sq.Ft.

$551

Median Sold Price

$640,000

Median Sold Price/Sq.Ft.

$549

Total Inventory

Median Sale to List Price %

106.68%

Avg Days on Market

Loan Type

Conventional (25%), FHA (50%), VA (0%), Cash (16.67%), Other (8.33%)

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(714) 706-1823

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