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1866 N Avenue 56 Los Angeles, CA 90042

$1,562,100 Sold Price as of 06/07/2021

5 Beds
4 Baths
2,565 Sq.Ft.

Sold

$1,562,100 Sold Price as of 06/07/2021 Refinance Your Mortgage

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Map preview of 1866 N Avenue 56, Los Angeles, CA 90042

Property Overview: 1866 N Avenue 56 Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,565 living square feet and 11,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This recently remodeled triplex in prime Highland Park will be delivered fully occupied at market rents with a total income of $9,296 per month. Located just north of York, the property is nestled at the end of a hilltop cul-de-sac on over 1/4 of an acre and feels like it's own a private compound with stunning treetop views. There are two separate buildings, one consisting of first floor 1 bedroom unit and an upper 3 bedroom 2 bath with multiple decks and a detached 1 bedroom near the rear of the property along with two separate garage spaces with room for expansion. This property is perfect for someone just starting their real estate portfolio or a seasoned investor.

Listed by Colt Maloney | BRE #01952570 | Figure 8 Realty
Co-listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty

Last checked: 15 minutes ago | Last updated: January 4th, 2024 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft: 11,999
HOA Dues: $0/mo
Year built: 1921
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21720818
City: Los Angeles
County: Los Angeles
Time on Site: 1104 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $4,050
Total Rent: $4,050
Pro Forma/Market Rent: $4,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,395
Total Rent: $2,395
Pro Forma/Market Rent: $2,495

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,850
Total Rent: $2,850
Pro Forma/Market Rent: $2,895

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.3
Gross Scheduled Income: --
Net Operating Income: $83,226
Gross Operating Income: $111,564

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1866 N Avenue 56

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Kitchen Information

Has Appliances
Dishwasher, Disposal, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 3
Parcel Number: 5480031019

Location / Neighborhood

Location Information

Directions: Google Maps

View more facts & features

Local Los Angeles Agent

Sale History for 1866 N Avenue 56

Last leased for $2,600 on January 4th, 2024

January, 2024
Jan 4, 2024

Date

Leased

CRMLS: P1-16043

$2,600

Price
Dec 21, 2023

Date

Active

CRMLS: P1-16043

$2,700

Price
Listing provided courtesy of CRMLS

Beautiful 1br 1ba unit, part of a triplex, is nestled at the end of a cul-de-sac in the hills of Highland Park. Taking up the entire bottom floor, this unit has a private entry with its own address, a porch and exclusive use of the gated and private front yard. Recently remodeled and freshly painted, it is cozy, bright and welcoming. There are plenty of storage cabinets in the kitchen and a separate 6'x 6' storage space off the living room. SS appliances, a large refrigerator, DW, MW, tankless water heater and use of laundry room are included. Luxury vinyl floors and double pane windows throughout.

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December, 2023
Dec 6, 2023

Date

Leased

CRMLS: P1-15604

$2,700

Price
Oct 31, 2023

Date

Active

CRMLS: P1-15604

$2,700

Price
Listing provided courtesy of CRMLS

Beautiful 1br 1ba unit, part of a triplex, is nestled at the end of a cul-de-sac in the hills of Highland Park. Taking up the entire bottom floor, this unit has a private entry with its own address, a porch and exclusive use of the gated and private front yard. Recently remodeled and freshly painted, it is cozy, bright and welcoming. There are plenty of storage cabinets in the kitchen and a separate 6'x 6' storage space off the living room. SS appliances, a large refrigerator, DW, MW, tankless water heater and use of laundry room are included. Luxury vinyl floors and double pane windows throughout.

Continue Reading
June, 2021
Jun 7, 2021

Date

Sold

CRMLS: 21720818

$1,562,100

Price
May 6, 2021

Date

Pending

CRMLS: 21720818

$1,595,000

Price
Apr 27, 2021

Date

Active

CRMLS: 21720818

$1,595,000

Price
October, 2018
Oct 20, 2018

Date

Expired

CRMLS: 318002888

$1,498,888

Price
Aug 19, 2018

Date

Withdrawn

CRMLS: 318002888

$1,498,888

Price
Jul 19, 2018

Date

Active

CRMLS: 318002888

$1,498,888

Price
Listing provided courtesy of CRMLS

Experience NELA living at its finest with this newly remodeled vacant triplex in the heart of Highland Park! Nested on a huge lot, on a quiet cul-de-sac , high above York Blvd, the owner of this compound leads North East LA! Framed within a stylish wooden fence is the first unit downstairs consisting of one bedroom, one bathroom with its own garage and yard. Upstairs you find two bedroom and two bathroom unit with a master that will attract all! A bonus room completes the unit! The cozy home situated at the end of the lot is a one bedroom and one bathroom unit with an additional office, garage, laundry room, and yard with views of Highland Park from atop! This one-of-a-kind property is newly remodeled with new electrical, plumbing, AC and water heaters keeping you carefree for years to come! You will be proud to entertain your friends and family or rent out these units that merge both style and function, bringing in additional income and value. Come and see the new modern kitchens, flooring, recessed lighting, transom windows, and other features in rooms that are nicely placed and remarkably comfortable. With paths around and places to grow your garden, come find your favorite cozy spot at this chic, stylish NELA triplex!

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October, 2018
Oct 19, 2018

Date

Expired

CRMLS: 318002887

$1,498,888

Price
Aug 19, 2018

Date

Withdrawn

CRMLS: 318002887

$1,498,888

Price
Jul 19, 2018

Date

Active

CRMLS: 318002887

$1,498,888

Price
Listing provided courtesy of CRMLS

Experience NELA living at its finest with this newly remodeled vacant triplex in the heart of Highland Park! Nested on a huge lot, on a quiet cul-de-sac , high above York Blvd, the owner of this compound leads North East LA! Framed within a stylish wooden fence is the first unit downstairs consisting of one bedroom, one bathroom with its own garage and yard. Upstairs you find two bedroom and two bathroom unit with a master that will attract all! A bonus room completes the unit! The cozy home situated at the end of the lot is a one bedroom and one bathroom unit with an additional office, garage, laundry room, and yard with views of Highland Park from atop! This one-of-a-kind property is newly remodeled with new electrical, plumbing, AC and water heaters keeping you carefree for years to come! You will be proud to entertain your friends and family or rent out these units that merge both style and function, bringing in additional income and value. Come and see the new modern kitchens, flooring, recessed lighting, transom windows, and other features in rooms that are nicely placed and remarkably comfortable. With paths around and places to grow your garden, come find your favorite cozy spot at this chic, stylish NELA triplex!

Continue Reading
October, 2018
Oct 4, 2018

Date

Sold

CRMLS: 18379094

$1,457,000

Price
Oct 1, 2018

Date

Pending

CRMLS: 18379094

$1,479,000

Price
Sep 14, 2018

Date

Active Under Contract

CRMLS: 18379094

$1,479,000

Price
Aug 27, 2018

Date

Active

CRMLS: 18379094

$1,479,000

Price
Listing provided courtesy of CRMLS

This beautifully remodeled triplex in prime Highland Park will be delivered vacant, providing a choice opportunity for an owner-user or investor seeking income. The property is nestled at the end of a hilltop cul-de-sac, feeling like a private compound with the added bonus of sweeping treetop views. All three units have been thoroughly and very stylishly renovated, and each has private outdoor space. Two units are arranged as upper/lower; one is fully detached. Standout design features include recessed lighting, hard surface flooring, wood cabinetry, exquisite tile and stone work, stainless steel appliances and central HVAC systems. There are two garages and lovely outdoor areas with a sense of tranquility and calm. Enjoy pride of ownership along with the potential for top-dollar rents in LA's trendiest enclave. Nearby favorites include York Boulevard hot-spots Cafe de Leche, Joy, Town Pizza and more. For commuters, access is easy to nearby Pasadena, Glendale/Burbank and Downtown LA.

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October, 2018
Oct 4, 2018

Date

Sold (Public Records)

Public Records

$1,457,000

Price
July, 2018
Jul 16, 2018

Date

Canceled

CRMLS: 318002318

$1,598,000

Price
Jun 12, 2018

Date

Active

CRMLS: 318002318

$1,598,000

Price
Listing provided courtesy of CRMLS

Experience NELA living at its finest with this newly remodeled vacant triplex in the heart of Highland Park! Nested on a huge lot, on a quiet cul-de-sac , high above York Blvd, the owner of this compound leads North East LA! Framed within a stylish wooden fence is the first unit downstairs consisting of one bedroom, one bathroom with its own garage and yard. Upstairs you find two bedroom and two bathroom unit with a master that will attract all! A bonus room completes the unit! The cozy home situated at the end of the lot is a one bedroom and one bathroom unit with an additional office, garage, laundry room, and yard with views of Highland Park from atop! This one-of-a-kind property is newly remodeled with new electrical, plumbing, AC and water heaters keeping you carefree for years to come! You will be proud to entertain your friends and family or rent out these units that merge both style and function, bringing in additional income and value. Come and see the new modern kitchens, flooring, recessed lighting, transom windows, and other features in rooms that are nicely placed and remarkably comfortable. With paths around and places to grow your garden, come find your favorite cozy spot at this chic, stylish NELA triplex!

Continue Reading
July, 2018
Jul 16, 2018

Date

Canceled

CRMLS: 318002317

$1,598,000

Price
Jun 12, 2018

Date

Active

CRMLS: 318002317

$1,598,000

Price
Listing provided courtesy of CRMLS

Experience NELA living at its finest with this newly remodeled vacant triplex in the heart of Highland Park! Nested on a huge lot, on a quiet cul-de-sac , high above York Blvd, the owner of this compound leads North East LA! Framed within a stylish wooden fence is the first unit downstairs consisting of one bedroom, one bathroom with its own garage and yard. Upstairs you find two bedroom and two bathroom unit with a master that will attract all! A bonus room completes the unit! The cozy home situated at the end of the lot is a one bedroom and one bathroom unit with an additional office, garage, laundry room, and yard with views of Highland Park from atop! This one-of-a-kind property is newly remodeled with new electrical, plumbing, AC and water heaters keeping you carefree for years to come! You will be proud to entertain your friends and family or rent out these units that merge both style and function, bringing in additional income and value. Come and see the new modern kitchens, flooring, recessed lighting, transom windows, and other features in rooms that are nicely placed and remarkably comfortable. With paths around and places to grow your garden, come find your favorite cozy spot at this chic, stylish NELA triplex!

Continue Reading
June, 2018
Jun 12, 2018

Date

Canceled

CRMLS: 318002085

$1,678,000

Price
May 30, 2018

Date

Active

CRMLS: 318002085

$1,678,000

Price
Listing provided courtesy of CRMLS

Experience NELA living at its finest with this newly remodeled vacant triplex in the heart of Highland Park! Nested on a huge lot, on a quiet cul-de-sac , high above York Blvd, the owner of this compound leads North East LA! Framed within a stylish wooden fence is the first unit downstairs consisting of one bedroom, one bathroom with its own garage and yard. Upstairs you find two bedroom and two bathroom unit with a master that will attract all! A bonus room completes the unit! The cozy home situated at the end of the lot is a one bedroom and one bathroom unit with an additional office, garage, laundry room, and yard with views of Highland Park from atop! This one-of-a-kind property is newly remodeled with new electrical, plumbing, AC and water heaters keeping you carefree for years to come! You will be proud to entertain your friends and family or rent out these units that merge both style and function, bringing in additional income and value. Come and see the new modern kitchens, flooring, recessed lighting, transom windows, and other features in rooms that are nicely placed and remarkably comfortable. With paths around and places to grow your garden, come find your favorite cozy spot at this chic, stylish NELA triplex!

Continue Reading
June, 2018
Jun 12, 2018

Date

Canceled

CRMLS: 318002084

$1,678,000

Price
May 30, 2018

Date

Active

CRMLS: 318002084

$1,678,000

Price
Listing provided courtesy of CRMLS

Experience NELA living at its finest with this newly remodeled vacant triplex in the heart of Highland Park! Nested on a huge lot, on a quiet cul-de-sac , high above York Blvd, the owner of this compound leads North East LA! Framed within a stylish wooden fence is the first unit downstairs consisting of one bedroom, one bathroom with its own garage and yard. Upstairs you find two bedroom and two bathroom unit with a master that will attract all! A bonus room completes the unit! The cozy home situated at the end of the lot is a one bedroom and one bathroom unit with an additional office, garage, laundry room, and yard with views of Highland Park from atop! This one-of-a-kind property is newly remodeled with new electrical, plumbing, AC and water heaters keeping you carefree for years to come! You will be proud to entertain your friends and family or rent out these units that merge both style and function, bringing in additional income and value. Come and see the new modern kitchens, flooring, recessed lighting, transom windows, and other features in rooms that are nicely placed and remarkably comfortable. With paths around and places to grow your garden, come find your favorite cozy spot at this chic, stylish NELA triplex!

Continue Reading
September, 2017
Sep 29, 2017

Date

Sold

CRMLS: 17260470

$835,000

Price
Aug 26, 2017

Date

Pending

CRMLS: 17260470

$699,000

Price
Aug 12, 2017

Date

Active

CRMLS: 17260470

$699,000

Price
Listing provided courtesy of CRMLS

Attn nature lovers, urban farmers, investors, owner/users...incredible opportunity in Highland Park. Two structures: Front structure consists of one unitwith 1br + 1ba + lr + da and upper owner's unit with 3br + 2ba + lr + fr. Rear structure stands alone and consists of 2br + 1ba all located at end ofcul de sac, away from the city yet walking distance to best part of York. Pastoral gently upslope large12k lot with extended vegetation, pathways andwonderful views. Quiet private location, magical setting...visionairies please apply.

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September, 2017
Sep 29, 2017

Date

Sold (Public Records)

Public Records

$835,000

Price

Tax History for 1866 N Avenue 56

Assessed Value (2020): $1,486,680

Year	Land Value	Improved Value	Assessed Value
2020	$976,140	$510,540	$1,486,680

Home Value Compared to the Market

This property vs the competition

1866 N Avenue 56 sold on June 7, 2021 for 34.03% 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 $621.83 per/sqft which puts the price per square foot 17.64% lower than the current median sale per square foot for the city of Los Angeles.

About 1866 N Avenue 56

Detailed summary of property

1866 N Avenue 56 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,565 living square feet, and sits on an approximately 11,999 square foot lot. 1866 N Avenue 56 was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,562,100. 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 34.03% higher than the current median priced home. Local homes that are currently for sale include 508 Chestnut Ave, 4420 Verdugo Rd and 3900 Berenice Pl. While the average home in Los Angeles, CA is selling in 93 days, 1866 N Avenue 56 has a days on market of 9 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1866 N Avenue 56 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1866 N Avenue 56

Public county record property details

Beds: 4
Baths: 4
Year built: 1921
Sq. Ft.: 2,694
Lot Size: 11,998
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 5480-031-019

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,089,000

Median List Price/Sq.Ft.

$751

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$858

Total Inventory

Median Sale to List Price %

125.16%

Avg Days on Market

Loan Type

Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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.