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2001 S Congress Ave, Los Angeles, CA 90018
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2001 S Congress Ave Los Angeles, CA 90018

$849,000
  • 6 Beds
  • 3 Baths
  • 2,054 Sq.Ft.
For Sale
$849,000 Get Pre-Qualified
Map preview of 2001 S Congress Ave, Los Angeles, CA 90018

Property Overview: 2001 S Congress Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,054 living square feet and 6,004 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ***INVESTOR/DEVELOPER*** welcome to this Boundless potential with this exceptional RD2.1 / TOC property nestled in the heart of Los Angeles, perfectly situated at 2001 S Congress Ave. Surrounded by the vibrant growth of West Adams, this property offers a rare opportunity for visionary investors to reimagine and unlock its full value. Featuring three units with generous layouts, including 2 bedrooms + den + 1 bath, 2 bedrooms + 1 bath, and 1 bedroom + 1 bath, this property is a canvas for endless possibilities and lucrative income streams. Its strategic location grants effortless access to key landmarks such as the 10 Freeway, USC, Loyola Law School, USC Village, Exposition Park, K-Town, Downtown LA, and major hospitals. Don't miss your chance to seize this remarkable acquisition opportunity.

Listed by Sharlot Arabshahi | BRE #02107088 | Keller Williams Realty Westside
Last checked: 9 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 27
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Home details

Lot Sq. Ft
6,004
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24376485
City
Los Angeles
County
Los Angeles
Time on Site
28 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 522
  • Gross Scheduled Income: --
  • Net Operating Income: $51,850
  • Gross Operating Income: $52,200
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2001 S Congress Ave

No upcoming open houses

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Property Details for 2001 S Congress Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5074029022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Cross streets: South Congress / South De La Salle
View more facts & features

Local Los Angeles Agent

Sale History for 2001 S Congress Ave

Last sold on July 28th, 2020

  • April, 2024

  • Apr 5, 2024

    Date

    Active

    CRMLS: 24376485

    $849,000

    Price

  • February, 2023

  • Feb 11, 2023

    Date

    Expired

    CRMLS: 22188449

    $1,095,000

    Price

  • Aug 29, 2022

    Date

    Active

    CRMLS: 22188449

    $1,095,000

    Price

  • Listing provided courtesy of CRMLS

    ***DO NOT CONTACT OWNER - DO NOT CONTACT OCCUPANTS - PROPERTY IS STILL UNDER CONTRACT WITH LISTING BROKER.*** Triplex with higher income potential in a centrally located Harvard Heights HPOZ, known for its large number of historic buildings, houses, and mansions. 2001 Congress is situated in a high-demand area, adjacent to rapidly growing West Adams developments. This well-maintained corner property is ready for its new owner to reimagine or redesign while generating income. The units are comprised of: one 2 bedroom + den + 1 bath, one 2 bedroom +1 bath, and one 1 bedroom + 1 bath. Located moments from the new light rail, Blue Elephant Cafe, and Alibi Coffee. Nearby attractions include: historic churches, Banc of CA Stadium, and authentic restaurants & taquerias. Easy access to 10 Freeway, USC, Loyola Law School, USC Village, Exposition Park, K-Town, DTLA, Hospitals, and a short distance to Silicon Beach and Culver City's tech hub. An excellent acquisition opportunity.

  • February, 2023

  • Feb 9, 2023

    Date

    Expired

    CRMLS: 22187667

    $1,095,000

    Price

  • Aug 29, 2022

    Date

    Active

    CRMLS: 22187667

    $1,095,000

    Price

  • Listing provided courtesy of CRMLS

    ***DO NOT CONTACT OWNER - DO NOT CONTACT OCCUPANTS - PROPERTY IS STILL UNDER CONTRACT WITH LISTING BROKER.*** Triplex with higher income potential in a centrally located Harvard Heights HPOZ, known for its large number of historic buildings, houses, and mansions. 2001 Congress is situated in a high-demand area, adjacent to rapidly growing West Adams developments. This well-maintained corner property is ready for its new owner to reimagine or redesign while generating income. The units are comprised of: one 2 bedroom + den + 1 bath, one 2 bedroom +1 bath, and one 1 bedroom + 1 bath. Located moments from the new light rail, Blue Elephant Cafe, and Alibi Coffee. Nearby attractions include: historic churches, Banc of CA Stadium, and authentic restaurants & taquerias. Easy access to 10 Freeway, USC, Loyola Law School, USC Village, Exposition Park, K-Town, DTLA, Hospitals, and a short distance to Silicon Beach and Culver City's tech hub. An excellent acquisition opportunity.

  • July, 2020

  • Jul 28, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2020

  • Apr 1, 2020

    Date

    Sold

    CRMLS: RS20001733

    $705,000

    Price

  • Feb 18, 2020

    Date

    Active Under Contract

    CRMLS: RS20001733

    $749,000

    Price

  • Jan 3, 2020

    Date

    Active

    CRMLS: RS20001733

    $749,000

    Price

  • Listing provided courtesy of CRMLS

    Location, Location, Location! U.S.C. , DTLA, Koreatown! Centrally located close to all of these areas with explosive growth and development! Good income with great upside potential. 3 legal UNITS on an RD2 Lot! Rent all 3 UNITS or Live in one and pay your mortgage with 2 other rental unit incomes!

  • March, 2020

  • Mar 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $705,000

    Price

  • December, 2019

  • Dec 27, 2019

    Date

    Expired

    CRMLS: RS19153703

    $749,000

    Price

  • Oct 22, 2019

    Date

    Price Change

    CRMLS: RS19153703

    $749,000

    Price

  • Jul 17, 2019

    Date

    Active

    CRMLS: RS19153703

    $760,000

    Price

  • Listing provided courtesy of CRMLS

    Location, Location, Location! U.S.C. , DTLA, Koreatown! Centrally located close to all of these areas with explosive growth and development! Good income with great upside potential. 3 legal UNITS on an RD2 Lot! Rent all 3 UNITS or Live in one and pay your mortgage with 2 other rental unit incomes!

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: SR18185819

    $759,000

    Price

  • Sep 21, 2018

    Date

    Price Change

    CRMLS: SR18185819

    $759,000

    Price

  • Aug 1, 2018

    Date

    Active

    CRMLS: SR18185819

    $789,000

    Price

  • Listing provided courtesy of CRMLS

    ***HUGE PRICE REDUCTION!!!!! WOW, WHAT A GREAT INVESTMENT PROPERTY!!! Fall in love with this delightful Triplex near USC and LA Live!! This triplex offers 2,054 sq ft with 6 bedrooms and 3 bathrooms, hardwood flooring, Washer/ Dryer Hookup, covered patio a long driveway and fruit trees! Unit # 2001 is a 2 bedroom 1 bath with an extra bonus bedroom. Unit # 2003 is 2 bedroom 1 bath and Unit 2003 1/2 is a 1 bedroom 1 bathroom unit. All of this situated in a convenient, friendly neighborhood close to USC, schools, metro, shopping centers and next to the I-10 and I-110 freeway. All units occupied by very substantial rent income!

  • June, 2018

  • Jun 17, 2018

    Date

    Expired

    CRMLS: 18304458

    $759,000

    Price

  • Apr 17, 2018

    Date

    Withdrawn

    CRMLS: 18304458

    $759,000

    Price

  • Feb 7, 2018

    Date

    Price Change

    CRMLS: 18304458

    $759,000

    Price

  • Jan 18, 2018

    Date

    Active

    CRMLS: 18304458

    $789,000

    Price

  • Listing provided courtesy of CRMLS

    Nice Triplex near 10 freeway, USC, Downtown. Great potential, fruit trees, long driveway for extra parking. Some upgraded units. All ne bathroom fixtures and kitchen faucets. Upgraded electrical. Hardwood and mixed flooring. Dead end street.! Property will be tenant occupied at close of escrow.!Unit # 2001 is a 2 bedroom 1 bath with an extra bonus bedroom. Unit # 2003 is 2 bedroom 1 bath and Unit 2003 1/2 is a very large studio.!

  • September, 2017

  • Sep 8, 2017

    Date

    Sold

    CRMLS: RS17058592

    $615,000

    Price

  • Jun 1, 2017

    Date

    Pending

    CRMLS: RS17058592

    $639,999

    Price

  • Mar 22, 2017

    Date

    Active

    CRMLS: RS17058592

    $639,999

    Price

  • Listing provided courtesy of CRMLS

    What’s better than living in Los Angeles you might ask? Living less than 10 minutes away from LA Live!!! Say no more, this triplex has more to offer than just 2,054 sq. ft. but also has an updated kitchen with a nice back splash that compliments the white cabinets, 4 Bedrooms (Realist)/ 5 Bedrooms (MLS), 3 Bathrooms, new light fixtures, hardwood flooring, Washer/ Dryer Hookup, covered patio and a long driveway. Not only is this triplex near LA Live but; it is next to the I-10 and I-110 freeway, the heart of transportation in Los Angeles. Also, this property is about 10 to 12 minutes from Exposition Park and USC!! Whether your vision is to live in or rent out, both options have the space to make that happen and bring in good cash flow for the buyer.

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Tax History for 2001 S Congress Ave

Assessed Value (2020): $665,856
Year Land Value Improved Value Assessed Value
2020 $520,200 $145,656 $665,856

Home Value Compared to the Market

This property vs the competition

2001 S Congress Ave is listed 30.69% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $413.34 per/sqft which puts the price per square foot 46.6% lower than the median price per square foot for the city of Los Angeles.

About 2001 S Congress Ave

Detailed summary of property

2001 S Congress Ave is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 2,054 living square feet, and sits on an approximately 6,004 square foot lot. 2001 S Congress Ave was first listed on ArdentRealEstateGroup.com on April 6, 2024. The homeowner is currently asking $849,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.69% lower than the median priced home. Local competing homes currently for sale include 1523 Arapahoe St, 3734 S Harvard Blvd and 3734 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 96 days, 2001 S Congress Ave has a days on market of 27 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2001 S Congress Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2001 S Congress Ave

Public county record property details
Beds
4
Baths
3
Year built
1905
Sq. Ft.
2,054
Lot Size
6,001
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5074-029-022

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
50
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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Buy this home with Ardent Real Estate Group and get $3,184 back.

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Recently Sold Homes Near 2001 S Congress Ave

1918 S Harvard Blvd, Los Angeles, CA 90018
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$1,110,000 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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