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1980 Chickasaw Ave, Los Angeles, CA 90041
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1980 Chickasaw Ave Los Angeles, CA 90041

$2,900,000 Sold Price as of 07/20/2021
  • 13 Beds
  • 10 Baths
  • 7,205 Sq.Ft.
Sold
$2,900,000 Sold Price as of 07/20/2021 Refinance Your Mortgage
Map preview of 1980 Chickasaw Ave, Los Angeles, CA 90041

Property Overview: 1980 Chickasaw Ave Los Angeles, CA has 13 bedrooms, 10 bathrooms, 7,205 living square feet and 89,010 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ** 3 OUT Of 9 DELIVERED VACANT ** | 11.95 GRM & 5.41% Cap Rate | We are pleased to present for sale Eagle Rock 9, a once in a life-time opportunity to acquire, arguably, the most unique multi-family investment centered in the heart of Eagle Rock, one of LA's most prized and eclectic sub-markets. The Eagle Rock 9 sits on over 2 Acres of land and is comprised of a total of 9 Units, 3 of which will be DELIVERED VACANT for immediate renovation and upside. The 9 units are spread over the sprawling land with a garden and pool for tenants to enjoy as well as plenty of parking availability. Sitting atop a high point in Eagle Rock the 4 Bedroom & 2 Bathroom VACANT house offers impeccable views, patio space, and a tranquil place to call home. This opportunity presents itself to an astute investor looking to renovate and add value to the units currently operating below market level OR an opportunity for future development considering a total land size of over 2 acres - buyer to verify.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Co-listed by Enrique Viramontes | BRE #01372010 | Remax Commercial and Investment Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 202

Home details

Lot Sq. Ft
89,010
HOA Dues
$0/mo
Year built
1969
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20642704
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $6,000
  • Total Rent: $6,000
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,903
  • Total Rent: $12,915
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.95
  • Gross Scheduled Income: --
  • Net Operating Income: $162,163
  • Gross Operating Income: $243,474
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1980 Chickasaw Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Hills, City Lights
  • Total # of Units: 9
  • Parcel Number: 5686016020
  • Has Additional Parcels
Location / Neighborhood
Location Information
  • Directions: South of Colorado Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1980 Chickasaw Ave

Last sold for $2,900,000 on July 20th, 2021

  • July, 2021

  • Jul 20, 2021

    Date

    Sold

    CRMLS: 20642704

    $2,900,000

    Price

  • May 6, 2021

    Date

    Pending

    CRMLS: 20642704

    $3,000,000

    Price

  • Apr 26, 2021

    Date

    Active Under Contract

    CRMLS: 20642704

    $3,000,000

    Price

  • Apr 9, 2021

    Date

    Price Change

    CRMLS: 20642704

    $3,000,000

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: 20642704

    $3,400,000

    Price

  • Oct 6, 2020

    Date

    Active

    CRMLS: 20642704

    $3,800,000

    Price

  • February, 2019

  • Feb 6, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1980 Chickasaw Ave

Assessed Value (2020): $437,796
Year Land Value Improved Value Assessed Value
2020 $322,458 $115,338 $437,796

Home Value Compared to the Market

This property vs the competition

1980 Chickasaw Ave sold on July 20, 2021 for 152.1% 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 $416.38 per/sqft which puts the price per square foot 44.85% lower than the current median sale per square foot for the city of Los Angeles.

About 1980 Chickasaw Ave

Detailed summary of property

1980 Chickasaw Ave is a multi family that recently sold in Los Angeles, CA 90041. This multi family property offered 13 bedrooms, 10 bathrooms, roughly 7,205 living square feet, and sits on an approximately 89,010 square foot lot. 1980 Chickasaw Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,900,000. 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 152.1% higher than the current median priced home. Local homes that are currently for sale include 4310 Franklin Ave, 1548 Micheltorena St and 4412 Finley Ave. While the average home in Los Angeles, CA is selling in 92 days, 1980 Chickasaw Ave has a days on market of 202 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1980 Chickasaw Ave Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1980 Chickasaw Ave

Public county record property details
Beds
12
Baths
9
Year built
1921
Sq. Ft.
7,205
Lot Size
67,343
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
A
APN
5686-016-020

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,448,000
Median List Price/Sq.Ft.
$734
Median Sold Price
$1,211,000
Median Sold Price/Sq.Ft.
$967
Total Inventory
34
Median Sale to List Price %
101.34%
Avg Days on Market
37
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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