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1949 Adair St, Los Angeles, CA 90011
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1949 Adair St Los Angeles, CA 90011

$805,350 Sold Price as of 11/17/2022
  • 9 Beds
  • 4 Baths
  • 3,347 Sq.Ft.
Sold
$805,350 Sold Price as of 11/17/2022 Refinance Your Mortgage
Map preview of 1949 Adair St, Los Angeles, CA 90011

Property Overview: 1949 Adair St Los Angeles, CA has 9 bedrooms, 4 bathrooms, 3,347 living square feet and 7,192 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Two houses on a lot

Listed by Sam Ostayan | BRE #00956615 | Century Realty Group
Last checked: 1 minute ago | Last updated: June 16th, 2024 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
7,192
HOA Dues
$0/mo
Year built
1912
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
22202743
City
Los Angeles
County
Los Angeles
Time on Site
653 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1949 Adair St

Interior Features
Cooling Information
  • No Cooling
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • Has Parking
  • Parking Features: Built-In Storage, Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5127003001
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Maple and San Pedro , south of Washington
View more facts & features

Local Los Angeles Agent

Sale History for 1949 Adair St

Last sold for $805,350 on November 17th, 2022

  • June, 2024

  • Jun 15, 2024

    Date

    Expired

    CRMLS: 24342901

    $1,899,000

    Price

  • Jan 2, 2024

    Date

    Active

    CRMLS: 24342901

    $1,999,000

    Price

  • Listing provided courtesy of CRMLS

    An affordable housing development opportunity walking distance to Downtown Los Angeles. Located just south of Washington Blvd. an easy commute to Downtown LA. Close to multiple Metro local lines. Fully entitled, ready to break ground for 39 income units and 1 manager unit plus big recreation room (which also can be converted to 2 additional ADU). With total monthly income of $72,795. Plans call for 8 singles and 31 one-bedroom units, with no parking required. The four-story building totals 19,041 SF and includes amenities such as communal roof deck and sitting area, allowing residents beautiful views of Downtown Los Angeles. The cost-efficient design calls for four stories of Type 3A construction. Design features of the project include stucco-wood, front elevation with 6 balconies integrating modern design elements with high desire. The listing broker is part owner on he property.

  • June, 2024

  • Jun 15, 2024

    Date

    Expired

    CRMLS: 24342907

    $1,899,000

    Price

  • Jan 2, 2024

    Date

    Active

    CRMLS: 24342907

    $1,999,000

    Price

  • Listing provided courtesy of CRMLS

    An affordable housing development opportunity walking distance to Downtown Los Angeles. Located just south of Washington Blvd. an easy commute to Downtown LA. Close to multiple Metro local lines. Fully entitled, ready to break ground for 39 income units and 1 manager unit plus big recreation room (which also can be converted to 2 additional ADU). With total monthly income of $72,795. Plans call for 8 singles and 31 one-bedroom units, with no parking required. The four-story building totals 19,041 SF and includes amenities such as communal roof deck and sitting area, allowing residents beautiful views of Downtown Los Angeles. The cost-efficient design calls for four stories of Type 3A construction. Design features of the project include stucco-wood, front elevation with 6 balconies integrating modern design elements with high desire. The listing broker is a part owner on the property.

  • January, 2024

  • Jan 4, 2024

    Date

    Canceled

    CRMLS: 24342866

    $1,999,000

    Price

  • Jan 2, 2024

    Date

    Active

    CRMLS: 24342866

    $1,999,000

    Price

  • Listing provided courtesy of CRMLS

    RTI 39 units plus possibility of 2 ADU. 31 units one-bedroom, and 8 units singles. Total buildable are 19,041 sf, includes amenities such as a communal roof deck and recreation room (which can also be converted to 2 ADU). With no tenant relocation or replacement units required. No parking required. Walking distance to Downton LA.

  • August, 2023

  • Aug 21, 2023

    Date

    Canceled

    CRMLS: 23290743

    $2,250,000

    Price

  • Jul 14, 2023

    Date

    Active

    CRMLS: 23290743

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    39 Units plus 2 possible ADU FULLY ENTITLED to build. No parking required. Seller paid for all engineering fees. Buyer to pay the permit fee and start the construction. Economical designed to build with high rent income per affordable housing rent schedule.

  • August, 2023

  • Aug 21, 2023

    Date

    Canceled

    CRMLS: 23296235

    $2,250,000

    Price

  • Aug 8, 2023

    Date

    Active

    CRMLS: 23296235

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    39 Units plus 2 possible ADU FULLY ENTITLED to build. No parking required. Seller paid for all engineering fees. Buyer to pay the permit fee and start the construction. Economical designed to build with high rent income per affordable housing rent schedule.

  • November, 2022

  • Nov 17, 2022

    Date

    Sold

    CRMLS: 22202743

    $805,350

    Price

  • Sep 23, 2022

    Date

    Active

    CRMLS: 22202743

    $849,000

    Price

  • October, 2022

  • Oct 25, 2022

    Date

    Expired

    CRMLS: 22202751

    $849,000

    Price

  • Sep 23, 2022

    Date

    Active

    CRMLS: 22202751

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    Per City of Los Angeles , 9 regular housing units or 23 Low Income housing units can be built on the site , currently 2 homes on the lot , front house is vacant , built 1912 , back house is tenant occupied built 1880 , rent is $1,250 , however city of LA inspected and provided repair list , selling as is where is , buyers and buyers agents to rely on own inspections and investigations prior to making an offer.do not disturb occupants

  • April, 2007

  • Apr 23, 2007

    Date

    Sold (Public Records)

    Public Records

    $645,000

    Price

  • April, 2007

  • Apr 23, 2007

    Date

    Sold

    CRMLS: 12084978

    $645,000

    Price

  • Jan 3, 2007

    Date

    Active

    CRMLS: 12084978

    $659,900

    Price

  • Listing provided courtesy of CRMLS

    This is a great investment opportunity!! A duplex with 5 bedrooms and 2 bathrooms in the front house and a separate back house that has 2 bedrooms and 1 bathroom. This is an original crafstman with some original features like the built-in cabinetry in the formal dining room and architectural details remisniscent of its era. The possibilities are endless!! Located not far from Staples Center and USC, this property has a lot of potential!

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Tax History for 1949 Adair St

Assessed Value (2020): $812,211
Year Land Value Improved Value Assessed Value
2020 $395,692 $416,519 $812,211

Home Value Compared to the Market

This property vs the competition

1949 Adair St sold on November 17, 2022 for 33.36% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $253.66 per/sqft which puts the price per square foot 67.93% lower than the current median sale per square foot for the city of Los Angeles.

About 1949 Adair St

Detailed summary of property

1949 Adair St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 3,347 living square feet, and sits on an approximately 7,192 square foot lot. 1949 Adair St was first listed on ArdentRealEstateGroup.com on September 23, 2022. The homeowner sold the property for $805,350. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.36% lower than the current median priced home. Local homes that are currently for sale include 1137 S Union Ave, 1170 E 46th St and 4427 Lima St. While the average home in Los Angeles, CA is selling in 102 days, 1949 Adair St has a days on market of 24 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 1949 Adair St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1949 Adair St

Public county record property details
Beds
7
Baths
2
Year built
1880
Sq. Ft.
3,347
Lot Size
7,160
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5127-003-001

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$649,000
Median List Price/Sq.Ft.
$493
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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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