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1916 Selby Ave, Los Angeles, CA 90025
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1916 Selby Ave Los Angeles, CA 90025

$2,195,000 Sold Price as of 09/01/2023
  • 12 Beds
  • 10 Baths
  • 6,160 Sq.Ft.
Sold
$2,195,000 Sold Price as of 09/01/2023 Refinance Your Mortgage
Map preview of 1916 Selby Ave, Los Angeles, CA 90025

Property Overview: 1916 Selby Ave Los Angeles, CA has 12 bedrooms, 10 bathrooms, 6,160 living square feet and 6,763 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Situated in an excellent West Los Angeles location, near the intersection of Santa Monica Boulevard and Overland Avenue, the building contains 6,160 square feet spread over the five spacious floorplans. The property has been under the same family ownership for the past 50 years, making this a truly rare opportunity to purchase the pride of ownership asset. Located one block from the iconic Los Angeles California Temple that sits atop Santa Monica Boulevard, the building is nestled among several million-dollar condominiums along Selby Avenue. Beverly Hills, Westwood, and Century City are all mere blocks from the property, allowing tenants convenient access to some of the most luxurious shopping and dining destinations in the country. The upcoming Metro Purple Line extension will place two new mass transit stations in the area, opening additional transit options for residents in 2025 and 2027. The Westfield Century City shopping center, featuring Eataly, Nordstrom, Bloomingdale's, Gelson's, and a 15-screen AMC theater, is just one mile from the building. The Los Angeles Country Club, home of the 2023 U.S. Open Golf Championship, and the Rancho Park Golf Course are each within one mile as well. Westwood Village and the University of California, Los Angeles sit just northwest of the property, while Brentwood and Santa Monica are a short drive west.

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Last checked: 56 seconds ago | Last updated: September 11th, 2023 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
6,763
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23292213
City
Los Angeles
County
Los Angeles
Time on Site
297 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,325
  • Total Rent: $6,977
  • Pro Forma/Market Rent: $9,285
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,195
  • Total Rent: $6,390
  • Pro Forma/Market Rent: $7,190
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.5%
  • Gross Rent Multiplier: 17.14
  • Gross Scheduled Income: --
  • Net Operating Income: $96,158
  • Gross Operating Income: $155,592
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1916 Selby Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 5
  • Parcel Number: 4321010028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 1916 Selby Avenue, a five-unit multifamily property that exclusively features two- and three-bedroom units.
View more facts & features

Local Los Angeles Agent

Sale History for 1916 Selby Ave

Last sold for $2,195,000 on September 1st, 2023

  • September, 2023

  • Sep 1, 2023

    Date

    Sold

    CRMLS: 23292213

    $2,195,000

    Price

  • Jul 19, 2023

    Date

    Active

    CRMLS: 23292213

    $2,750,000

    Price

Tax History for 1916 Selby Ave

Assessed Value (2020): $269,415
Year Land Value Improved Value Assessed Value
2020 $107,577 $161,838 $269,415

Home Value Compared to the Market

This property vs the competition

1916 Selby Ave sold on September 1, 2023 for 131.09% 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 $446.43 per/sqft which puts the price per square foot 40.87% lower than the current median sale per square foot for the city of Los Angeles.

About 1916 Selby Ave

Detailed summary of property

1916 Selby Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 12 bedrooms, 10 bathrooms, roughly 6,160 living square feet, and sits on an approximately 6,763 square foot lot. 1916 Selby Ave was first listed on ArdentRealEstateGroup.com on July 19, 2023. The homeowner sold the property for $2,195,000. 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 131.09% higher than the current median priced home. Local homes that are currently for sale include 12021 Washington Pl, 4100 Inglewood Blvd and 1132 S Wooster St. While the average home in Los Angeles, CA is selling in 93 days, 1916 Selby Ave has a days on market of 44 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1916 Selby 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 1916 Selby Ave

Public county record property details
Beds
11
Baths
9
Year built
1965
Sq. Ft.
6,160
Lot Size
6,762
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
4321-010-028

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
$1,149,000
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
108
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%)

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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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