1978 Estrella Ave Los Angeles, CA 90007

$--

4 Beds
4 Baths
3,752 Sq.Ft.

Off Market

Map preview of 1978 Estrella Ave, Los Angeles, CA 90007

Property Overview: 1978 Estrella Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,752 living square feet and 6,195 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1978 Estrella Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1978 Estrella Ave

View property's historical transactions

July, 2024
Jul 12, 2024

Date

Expired

CRMLS: 24397939

$2,200,000

Price
Apr 12, 2024

Date

Active

CRMLS: 24397939

$2,200,000

Price
Listing provided courtesy of CRMLS

SELLER OPEN TO CARRYING BACK A LOAN. We are pleased to present the exclusive listing of 1978 Estrella Avenue, a ten-unit multifamily building located in Los Angeles. Comprised of (8) one-bedroom, one-bathroom units (5 of which are currently vacant), and (2) vacant, studio, one-bathroom units (one non-conforming), with a total of 3,752 rentable square feet. The property has undergone extensive renovations, including a new foundation and building elevation, new drywall, sun wall construction, new insulation, and updated electrical panels. Additionally, the roof, plumbing, and electrical systems are new as of 2018. All utilities are paid by the landlord, with tenants contributing $125 each towards utilities. The property also features onsite laundry facilities and ample parking, with 10 spots at the back and 2 in the front. The property is located in a vibrant and strategic area offering numerous advantages for residents and investors alike. Situated right off the 110 freeway, the property provides excellent connectivity to major transportation routes. It is just minutes away from the University of Southern California (USC) campus and University Village, a hub of student activity featuring shops, restaurants, and entertainment options. The neighborhood is part of the DPS (Department of Public Safety) Patrol Zone, ensuring a higher level of security and safety, which is particularly appealing to students and young professionals. Residents benefit from easy access to public transportation, including bus lines and metro stations. The property is also near various cultural and recreational spots, such as Exposition Park, which houses museums, gardens, and the Los Angeles Memorial Coliseum. Additionally, the property offers the potential for Section 8 rents and is in close proximity to Mount Saint Mary's University LA (Doheny Campus) making it an attractive option for physical therapy students. It is less than a minute walk to MSMU and a quick 5-minute car ride or 6-minute bike ride to USC, enhancing its appeal to the student population. In summary, 1978 Estrella Avenue represents an excellent value-add opportunity, with significant potential for rental income growth and occupancy improvement. With recent capital improvements, and its prime location makes it ideal for student housing, providing a steady demand for rental units, this property promises strong rental potential and long-term value appreciation.

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November, 2023
Nov 8, 2023

Date

Expired

CRMLS: 23296437

$2,350,000

Price
Aug 7, 2023

Date

Active

CRMLS: 23296437

$2,350,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire this vacant ten (10) unit Student Housing investment, located in the highly desirable DPS Patrol Zone, and blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,929 square foot lot. The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1-bedroom + 1-bathroom units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, and recently painted. To further increase cash flow, the site offers an expansive 11,929sf lot, zoning ordinance of LARD1.5, which allows an investor the opportunity to build additional units & ADU's towards the back of the lot. (Buyer to independently verify the accuracy and all information through personal inspection with appropriate professionals).

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December, 2022
Dec 30, 2022

Date

Expired

CRMLS: 22207665

$2,495,000

Price
Oct 11, 2022

Date

Active

CRMLS: 22207665

$2,495,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire this ten (10) unit Student Housing investment, located in the highly desirable DPS Patrol Zone, and blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,929 square foot lot. The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1-bedroom + 1-bathroom units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, and recently painted. To further increase cash flow, the site offers a zoning ordinance of LARD1.5, which allows an investor the opportunity to build additional units towards the back of the lot. (Buyer shall independently verify the accuracy and all information through personal inspection with appropriate professionals).

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October, 2022
Oct 12, 2022

Date

Canceled

CRMLS: 22195323

$2,995,000

Price
Aug 31, 2022

Date

Active

CRMLS: 22195323

$2,995,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire this ten (10) unit Student Housing investment, located in the highly desirable DPS Patrol Zone, and blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,929 square foot lot. The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1-bedroom + 1-bathroom units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, and recently painted. To further increase cash flow, the site offers a zoning ordinance of LARD1.5, which allows an investor the opportunity to build additional units towards the back of the lot. (Buyer shall independently verify the accuracy and all information through personal inspection with appropriate professionals).

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October, 2022
Oct 1, 2022

Date

Expired

CRMLS: 22173129

$3,495,000

Price
Jun 28, 2022

Date

Active

CRMLS: 22173129

$3,495,000

Price
Listing provided courtesy of CRMLS

We are pleased to present the opportunity to acquire this ten (10) unit Student Housing investment, located in the highly desirable DPS Patrol Zone, and blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,929 square foot lot. The asset is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1-bedroom + 1-bathroom units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, and recently painted. To further increase cash flow, the site offers a zoning ordinance of LARD1.5, which allows an investor the opportunity to build additional units towards the back of the lot. (Buyer shall independently verify the accuracy and all information through personal inspection with appropriate professionals).

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April, 2021
Apr 29, 2021

Date

Canceled

CRMLS: 21679236

$2,300,000

Price
Jan 12, 2021

Date

Active

CRMLS: 21679236

$2,300,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this vacant four (4) unit, ten (10) bedroom + ten (10) bathroom Co-living/ Student Housing investment opportunity located at 1978 Estrella Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,927 square foot lot. The asset is well situated within the USC Security zone, and is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1+1 units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, recently painted, and individually metered for gas and electricity. Owner stated that you may be able to build an additional 4-6 units on the lot. (Buyer to verify all information)

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January, 2021
Jan 13, 2021

Date

Canceled

CRMLS: 20657276

$2,445,000

Price
Dec 3, 2020

Date

Price Change

CRMLS: 20657276

$2,445,000

Price
Nov 9, 2020

Date

Active

CRMLS: 20657276

$2,495,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this vacant ten (10) bedroom + ten (10) bathroom Co-living/ Student Housing investment opportunity located at 1978 Estrella Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,927 square foot lot. The asset is well situated within the USC Security zone, and is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1+1 units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, recently painted, and individually metered for gas and electricity. Owner stated that you may be able to build an additional 4-6 units on the lot. (Buyer to verify all information)

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May, 2020
May 16, 2020

Date

Expired

CRMLS: 20544054

$2,995,000

Price
Feb 3, 2020

Date

Withdrawn

CRMLS: 20544054

$2,995,000

Price
Jan 15, 2020

Date

Active

CRMLS: 20544054

$2,995,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this unoccupied ten (10) unit/ bedroom Student Housing investment opportunity located at 1978 Estrella Avenue, just a short distance from the internationally renowned University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1887, with approximately 4,552 rentable square feet on a 11,927 square foot lot. The asset is well situated within the USC Security zone, and is comprised of two (2) separate two-story structures, with a unit mix consisting of five (5) 1+1 units, and five (5) studios. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, updated copper plumbing, double pane windows, recently painted, and individually metered for gas and electricity. The site includes the parking lot towards the back of the property. On title, the property shows a total of 4 units -- Buyer shall independently verify

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Tax History for 1978 Estrella Ave

Assessed Value (2020): $310,085

Year	Land Value	Improved Value	Assessed Value
2020	$252,664	$57,421	$310,085

About 1978 Estrella Ave

Detailed summary of property

1978 Estrella Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90007 and is currently off market. This property has 4 bedrooms, 4 bathrooms, roughly 3,752 living square feet, and sits on an approximately 6,195 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Local nearby listings include 1155 S Grand Ave #1014, 1155 S Grand Ave #101 and 1155 S Grand Ave #1012. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 1978 Estrella Ave Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1978 Estrella Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1887
Sq. Ft.: 3,752
Lot Size: 6,195
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 5124-033-028

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,399,999

Median List Price/Sq.Ft.

$550

Median Sold Price

$1,025,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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