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1906 Cimarron St, Los Angeles, CA 90018
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1906 Cimarron St Los Angeles, CA 90018

$1,680,000 Sold Price as of 08/24/2020
  • 8 Beds
  • 9 Baths
  • -- Sq.Ft.
Sold
$1,680,000 Sold Price as of 08/24/2020 Refinance Your Mortgage
Map preview of 1906 Cimarron St, Los Angeles, CA 90018

Property Overview: 1906 Cimarron St Los Angeles, CA has 8 bedrooms, 9 bathrooms, -- living square feet and 7,497 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale a 12-unit (9 Residential + 3 Commercial) mixed use property located at 1906 Cimarron Street. The offering presents an investor the opportunity to acquire a vintage style brick building with substantial value-add remaining in an emerging infill neighborhood of Los Angeles. The property consists of two buildings totaling 10,010 square feet on a 7,497 square foot parcel. The unit mix is comprised of four studio units, five one-bedrooms and three commercial units. Five out of the nine residential units have been renovated and three apartments will be delivered vacant. There are four garages serving the rear building for parking. Currently all three commercial spaces are in good condition and vacant. In the last three years current ownership has invested money into a new roof, a new water heater, and a new on-site laundry room.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 75

Home details

Lot Sq. Ft
7,497
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20583712
City
Los Angeles
County
Los Angeles
Time on Site
1260 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,810
  • Total Rent: $7,517
  • Pro Forma/Market Rent: $9,050
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $48
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,525
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.84
  • Gross Scheduled Income: --
  • Net Operating Income: $85,410
  • Gross Operating Income: $151,927
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1906 Cimarron St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 12
  • Parcel Number: 5073028011
Location / Neighborhood
Location Information
  • Directions: A 12 Unit (9 Residential + 3 Commercial) Building in Mid-City, located one block East of the Washington & Arlington intersection, the subject property is located in the Arlington Heights submarket of Los Angeles.
View more facts & features

Local Los Angeles Agent

Sale History for 1906 Cimarron St

Last sold for $1,680,000 on August 24th, 2020

  • August, 2020

  • Aug 28, 2020

    Date

    Sold

    CRMLS: 20583712

    $1,680,000

    Price

  • Aug 18, 2020

    Date

    Pending

    CRMLS: 20583712

    $2,300,000

    Price

  • Jun 4, 2020

    Date

    Active

    CRMLS: 20583712

    $2,300,000

    Price

  • Jun 4, 2020

    Date

    Pending

    CRMLS: 20583712

    $2,300,000

    Price

  • Jun 4, 2020

    Date

    Active

    CRMLS: 20583712

    $2,300,000

    Price

  • August, 2020

  • Aug 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,680,000

    Price

  • May, 2019

  • May 21, 2019

    Date

    Expired

    CRMLS: SR18276616

    $2,650,000

    Price

  • Jan 28, 2019

    Date

    Price Change

    CRMLS: SR18276616

    $2,650,000

    Price

  • Jan 25, 2019

    Date

    Price Change

    CRMLS: SR18276616

    $2,649,000

    Price

  • Jan 14, 2019

    Date

    Price Change

    CRMLS: SR18276616

    $2,650,000

    Price

  • Nov 28, 2018

    Date

    Price Change

    CRMLS: SR18276616

    $2,795,000

    Price

  • Nov 26, 2018

    Date

    Price Change

    CRMLS: SR18276616

    $2,794,000

    Price

  • Nov 19, 2018

    Date

    Active

    CRMLS: SR18276616

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    THE CIMARRON, is comprised of 9 charming apartment units and 3 commercial spaces constructed in the 1920's spread across 2 buildings. Located in the highly desirable Arlington Heights sub market just north of the 10 FWY and less then 5 miles to DTLA. THE CIMARRON, is a wonderful mix-use building with both character and charm in a strong sub market with high rental demand and constant gentrification/new development. Investors can realize both strong in place cash flow (11.68 GRM and 6.03% CAP) and continued rental upside through additional unit renovations.

  • May, 2019

  • May 21, 2019

    Date

    Expired

    CRMLS: SR18281279

    $2,650,000

    Price

  • Jan 14, 2019

    Date

    Price Change

    CRMLS: SR18281279

    $2,650,000

    Price

  • Nov 28, 2018

    Date

    Active

    CRMLS: SR18281279

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    THE CIMARRON, is comprised of 9 charming apartment units and 3 commercial spaces constructed in the 1920's spread across 2 buildings. Located in the highly desirable Arlington Heights sub market just north of the 10 FWY and less then 5 miles to DTLA . THE CIMARRON, is a wonderful mix-use building with both character and charm in a strong sub market with high rental demand and constant gentrification/new development. Investors can realize both strong in place cash flow (11.68 GRM and 6.03% CAP) and continued rental upside through additional unit renovations.

  • January, 2017

  • Jan 11, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,950,000

    Price

Show More

Tax History for 1906 Cimarron St

Assessed Value (2020): $2,069,355
Year Land Value Improved Value Assessed Value
2020 $1,591,812 $477,543 $2,069,355

Home Value Compared to the Market

This property vs the competition

1906 Cimarron St sold on August 24, 2020 for 103.54% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 1906 Cimarron St

Detailed summary of property

1906 Cimarron St is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 8 bedrooms, 9 bathrooms, roughly -- living square feet, and sits on an approximately 7,497 square foot lot. 1906 Cimarron St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,680,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 103.54% higher than the current median priced home. Local homes that are currently for sale include 1547 S 5th Ave, 1152 S Bronson Ave and 1632 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 98 days, 1906 Cimarron St has a days on market of 75 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1906 Cimarron St Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1906 Cimarron St

Public county record property details
Beds
2
Baths
2
Year built
1923
Sq. Ft.
10,010
Lot Size
7,539
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
5073-028-011

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$924,999
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,130,000
Median Sold Price/Sq.Ft.
$712
Total Inventory
53
Median Sale to List Price %
103.2%
Avg Days on Market
45
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (22.22%), Other (0%)

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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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