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1939 Selby Ave, Los Angeles, CA 90025
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1939 Selby Ave Los Angeles, CA 90025

$2,617,600 Sold Price as of 03/15/2024
  • 10 Beds
  • 10 Baths
  • 6,238 Sq.Ft.
Sold
$2,617,600 Sold Price as of 03/15/2024 Refinance Your Mortgage
Map preview of 1939 Selby Ave, Los Angeles, CA 90025

Property Overview: 1939 Selby Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 6,238 living square feet and 6,753 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This rare investment opportunity in prime West LA blends original architecture with contemporary renovations for the best of both worlds. Situated just north of the desirable Santa Monica Blvd corridor, the two-story building comprises five spacious units and spans 6,238 square feet on a sizable 6,751 square foot lot, providing tenants both privacy and community.Recent improvements include a new roof, re-piped copper plumbing, earthquake retrofitting, exterior paint, lighting fixtures, fencing, and laundry facilities. Interiors have been comprehensively updated in units 2-5. Amenities include tandem parking, that accommodates ten cars, secure entry, and on-site laundry. The property has been family-owned for 65 years, all units are very well maintained and 100% occupied by stable tenants. With its prime location, recent renovations, and rare availability, 1939 Selby Ave is an unbeatable opportunity to acquire a fully updated, income-producing asset in coveted West LA.

Listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Co-listed by Megan Husri | BRE #02089901 | Keller Williams Studio City
Last checked: 15 minutes ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,753
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24356631
City
Los Angeles
County
Los Angeles
Time on Site
93 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,432
  • Total Rent: $3,432
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,575
  • Total Rent: $2,575
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,678
  • Total Rent: $2,678
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,678
  • Total Rent: $2,678
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,087
  • Total Rent: $2,087
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 15.6
  • Gross Scheduled Income: --
  • Net Operating Income: $104,835
  • Gross Operating Income: $163,264
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1939 Selby Ave

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood, Tile
  • Family Room, Living Room
Kitchen Information
  • Has Appliances
  • Oven, Range, Range Hood
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Attached Carport, Assigned, Tandem Garage, Driveway
Property Information
  • Has View
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 4321010020
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Cross streets: Selby Ave and La Grange Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1939 Selby Ave

Last sold for $2,617,600 on March 15th, 2024

  • March, 2024

  • Mar 15, 2024

    Date

    Sold

    CRMLS: 24356631

    $2,617,600

    Price

  • Feb 8, 2024

    Date

    Active

    CRMLS: 24356631

    $2,600,000

    Price

  • October, 2010

  • Oct 22, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2010

  • Oct 18, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1939 Selby Ave

Assessed Value (2020): $369,442
Year Land Value Improved Value Assessed Value
2020 $179,515 $189,927 $369,442

Home Value Compared to the Market

This property vs the competition

1939 Selby Ave sold on March 15, 2024 for 118.49% 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 $416.8 per/sqft which puts the price per square foot 44.79% lower than the current median sale per square foot for the city of Los Angeles.

About 1939 Selby Ave

Detailed summary of property

1939 Selby Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 6,238 living square feet, and sits on an approximately 6,753 square foot lot. 1939 Selby Ave was first listed on ArdentRealEstateGroup.com on February 9, 2024. The homeowner sold the property for $2,617,600. 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 118.49% higher than the current median priced home. Local homes that are currently for sale include 12413 Westminster Ave, 1138 Cardiff Ave and 3125 S Durango Ave. While the average home in Los Angeles, CA is selling in 93 days, 1939 Selby Ave has a days on market of 27 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 1939 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 1939 Selby Ave

Public county record property details
Beds
--
Baths
--
Year built
1966
Sq. Ft.
6,238
Lot Size
6,750
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
4321-010-020

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%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1939 Selby Ave

1916 Selby Ave, Los Angeles, CA 90025
$2,195,000 Last Sold Price
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10 Baths
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1916 Selby Ave
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1951 Selby Ave, Los Angeles, CA 90025
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1951 Selby Ave
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1953 Selby Ave, Los Angeles, CA 90025
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1953 Selby Ave
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10745 La Grange Ave, Los Angeles, CA 90025
$4,165,000 Last Sold Price
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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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