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1864 Talmadge St, Los Angeles, CA 90027
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1864 Talmadge St Los Angeles, CA 90027

$2,307,000 Sold Price as of 04/21/2023
  • 6 Beds
  • 6 Baths
  • 4,320 Sq.Ft.
Sold
$2,307,000 Sold Price as of 04/21/2023 Refinance Your Mortgage
Map preview of 1864 Talmadge St, Los Angeles, CA 90027

Property Overview: 1864 Talmadge St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,320 living square feet and 8,103 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Los Feliz has arguably become the most sought after neighborhood in the Los Angeles area. In the heart of Los Feliz at the corner of Talmadge and Franklin is where you will find Talmadge Apartments. This mid century modern six unit multifamily property with large units, balconies, patios and side yards has been lovingly maintained and is ready for a new owner. With market rents and a cap rate of 4.8%, this property will enhance any real estate portfolio. One unit delivered at close of escrow. Do not walk the property without LA1.

Listed by Vahan Saroians | BRE #01085051 | Keller Williams Realty Los Feliz
Last checked: 3 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
8,103
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23238513
City
Los Angeles
County
Los Angeles
Time on Site
469 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,360
  • Total Rent: $2,360
  • Pro Forma/Market Rent: $2,360
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,948
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $1,948
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 14.09
  • Gross Scheduled Income: --
  • Net Operating Income: $105,687
  • Gross Operating Income: $156,109
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1864 Talmadge St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Outside
Room Information
  • Flooring: Wood, Laminate
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 6
  • Parcel Number: 5591022047
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Talmadge at Franklin
View more facts & features

Local Los Angeles Agent

Sale History for 1864 Talmadge St

Last sold for $2,307,000 on April 21st, 2023

  • April, 2023

  • Apr 21, 2023

    Date

    Sold

    CRMLS: 23238513

    $2,307,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: 23238513

    $2,200,000

    Price

  • April, 2005

  • Apr 8, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1864 Talmadge St

Assessed Value (2020): $1,140,986
Year Land Value Improved Value Assessed Value
2020 $600,519 $540,467 $1,140,986

Home Value Compared to the Market

This property vs the competition

1864 Talmadge St sold on April 21, 2023 for 84.87% 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 $509.26 per/sqft which puts the price per square foot 32.55% lower than the current median sale per square foot for the city of Los Angeles.

About 1864 Talmadge St

Detailed summary of property

1864 Talmadge St is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 4,320 living square feet, and sits on an approximately 8,103 square foot lot. 1864 Talmadge St was first listed on ArdentRealEstateGroup.com on February 3, 2023. The homeowner sold the property for $2,307,000. 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 84.87% higher than the current median priced home. Local homes that are currently for sale include 2342 Cove Ave, 801 N Alexandria Ave and 5345 La Mirada Ave. While the average home in Los Angeles, CA is selling in 94 days, 1864 Talmadge St has a days on market of 20 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1864 Talmadge St Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1864 Talmadge St

Public county record property details
Beds
6
Baths
6
Year built
1950
Sq. Ft.
4,320
Lot Size
8,103
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
5591-022-047

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,370,000
Median List Price/Sq.Ft.
$921
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
83
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

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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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