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1953 Butler Ave, Los Angeles, CA 90025
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1953 Butler Ave Los Angeles, CA 90025

$1,500,500 Sold Price as of 04/14/2020
  • 5 Beds
  • 3 Baths
  • 2,750 Sq.Ft.
Sold
$1,500,500 Sold Price as of 04/14/2020 Refinance Your Mortgage
Map preview of 1953 Butler Ave, Los Angeles, CA 90025

Property Overview: 1953 Butler Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,750 living square feet and 4,995 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investors, Developers and Home Owners will love this incredible opportunity to own this amazing property with approved plans for a 1200 square foot ADU unit with modern architecture. This location has amazing potential as an income producing property. This home is in a prime West LA location situated between Santa Monica, Century City and Westwood. The owner has already secured all the permits for the ADU. The build out has commenced with grading, footings and framing. Seller is willing to partner with investor/buyer to finish the ADU over the next 3 to 4 months and share in the profit margins. Potential ARV after completion of ADU based on current apraissal is 2.7 Million. In addition the front house can be torn down and rebuilt to quadruple the current square footage on the existing home and further increase the ARV. Seller is also willing to continue the completion of the ADU for $275 a square foot. Estimated/Expected Subject to Completion Value is $2,900,000 based on apraissal report dated November 6, 2019

Listed by EDWARD RODARTE | BRE #01293791 | INTERO REAL ESTATE SERVICES
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
4,995
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
CV20011157
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1953 Butler Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Valley
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 4261027020
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica BLVD North of Olympic off 405 freeway
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1953 Butler Ave

Last sold for $1,550,000 on April 14th, 2020

  • April, 2020

  • Apr 14, 2020

    Date

    Sold

    CRMLS: CV20011157

    $1,500,500

    Price

  • Feb 10, 2020

    Date

    Pending

    CRMLS: CV20011157

    $1,550,000

    Price

  • Jan 16, 2020

    Date

    Active

    CRMLS: CV20011157

    $1,550,000

    Price

  • April, 2020

  • Apr 14, 2020

    Date

    Sold

    CRMLS: CV20011082

    $1,550,000

    Price

  • Feb 10, 2020

    Date

    Pending

    CRMLS: CV20011082

    $1,550,000

    Price

  • Jan 16, 2020

    Date

    Active

    CRMLS: CV20011082

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    Investors, Developers and Home Owners will love this incredible opportunity to own this amazing property with approved plans for a 1200 square foot 3 bedroom 3 Bath ADU unit with modern architecture. This location has amazing potential as an income producing property. This home is in a prime West LA location situated between Santa Monica, Century City and Westwood. The owner has already secured all the permits for the ADU. The build out has commenced with grading, footings and framing. Seller is willing to partner with investor/buyer to finish the ADU over the next 3 to 4 months and share in the profit margins. Potential ARV after completion of ADU based on current apraissal is 2.7 Million. In addition the front house 750 square feet can be increased to 3106 square feet or can be torn down and rebuilt to increase the ARV. Seller is also willing to continue the completion of the ADU for $275 a square foot. Estimated/Expected Subject to Completion Value is $2,900,000 based on apraissal report dated November 6, 2019

  • April, 2020

  • Apr 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,550,000

    Price

  • September, 2019

  • Sep 25, 2019

    Date

    Canceled

    CRMLS: 19476292

    $1,550,000

    Price

  • Jun 11, 2019

    Date

    Active

    CRMLS: 19476292

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible location and opportunity for an investor/developer to reimagine this R-2 lot. This charming 2 bedroom 1 bathroom California Bungalow is the perfect home for anyone looking for a starter home, or an income property in a prime location. Located on a highly coveted, tree lined street in the hottest neighborhood in West L.A. Walking distance to the hottest restaurants, shopping and minutes from UCLA.

  • January, 2019

  • Jan 3, 2019

    Date

    Sold

    CRMLS: 18404082

    $1,250,000

    Price

  • Nov 26, 2018

    Date

    Pending

    CRMLS: 18404082

    $1,175,000

    Price

  • Nov 6, 2018

    Date

    Active

    CRMLS: 18404082

    $1,175,000

    Price

  • Listing provided courtesy of CRMLS

    Coveted location for a developer, owner-user or income investor. R-2 lot. 41 x 122 lot. Two bedrooms, dining room, one bath with large detached garage. Gated and fenced yard. Fruit trees. Gorgeous new homes and condos throughout the close by area. Trendy Sawtelle Corridor with dining, shopping galleries throughout. UCLA, 405 Freeway and New Metro close by.

  • January, 2019

  • Jan 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

Show More

Tax History for 1953 Butler Ave

Assessed Value (2020): $1,275,000
Year Land Value Improved Value Assessed Value
2020 $1,122,000 $153,000 $1,275,000

Home Value Compared to the Market

This property vs the competition

1953 Butler Ave sold on April 14, 2020 for 30.25% 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 $563.64 per/sqft which puts the price per square foot 25.35% lower than the current median sale per square foot for the city of Los Angeles.

About 1953 Butler Ave

Detailed summary of property

1953 Butler Ave is a single family home that recently sold in Los Angeles, CA 90025. This house offered 5 bedrooms, 3 bathrooms, roughly 2,750 living square feet, and sits on an approximately 4,995 square foot lot. 1953 Butler Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,500,500. 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 30.25% higher than the current median priced home. Local homes that are currently for sale include 2230 S Bentley Ave #103, 11540 Rochester Ave #Penthouse 2 and 1530 Camden Ave #302. While the average home in Los Angeles, CA is selling in 94 days, 1953 Butler Ave has a days on market of 23 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1953 Butler 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 1953 Butler Ave

Public county record property details
Beds
2
Baths
1
Year built
1948
Sq. Ft.
750
Lot Size
4,994
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
4261-027-020

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
$1,150,000
Median List Price/Sq.Ft.
$763
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
112
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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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.

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