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201 Lucas Ave, Los Angeles, CA 90026
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201 Lucas Ave Los Angeles, CA 90026

$2,525,000 Sold Price as of 04/13/2022
  • -- Beds
  • -- Baths
  • 1,664 Sq.Ft.
Sold
$2,525,000 Sold Price as of 04/13/2022 Refinance Your Mortgage
Map preview of 201 Lucas Ave, Los Angeles, CA 90026

Property Overview: 201 Lucas Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 1,664 living square feet and 2,393 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A 47 unit development site ideally located in a Tier 1Transit Oriented Community (TOC) on the corner of Lucas Avenue and West 2nd Street in the heart of Downtown Los Angeles, CA. 12,037 square foot development site currently improved with one 11 unit apartment building. This is a unique opportunity to purchase a centrally located development site in Downtown Los Angeles. Spread over three contiguous parcels, this project allows for thirty-one (31) units to be built by right, but with the TOC Tier 1density bonus, there is a potential to build up to forty-seven (47) units. 201-211 Lucas Avenue is in a high-growth location, multifamily rents per unit are forecast to increase by 12% in the next five years making this a phenomenal value-add and development opportunity. The land is currently improved with one eleven (11) unit 5,872 square foot apartment building. The building is currently 91% occupied, with just one vacancy.

Listed by Brielle Bacal | BRE #01987008 | Keller Williams Realty
Co-listed by Gabriela Milla | BRE #02001679 | Keller Williams Realty Calabasas
Last checked: 15 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
2,393
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Other
Status
Sold
MLS#
21103113
City
Los Angeles
County
Los Angeles
Time on Site
346 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 201 Lucas Ave

Lot Details / Garage and Parking
Property Information
  • Parcel Number: 5153029001
Location / Neighborhood
Location Information
  • Directions: 201-211 Lucas Avenue is located just south of Echo Park, and is less than two miles from both Dodger Stadium and the STAPLES Center. The property features immediate access to Downtown Los Angeles, MacArthur Park, Echo Park, and Silver Lake.
View more facts & features

Local Los Angeles Agent

Sale History for 201 Lucas Ave

Last sold for $2,525,000 on April 13th, 2022

  • April, 2022

  • Apr 13, 2022

    Date

    Sold

    CRMLS: 21103113

    $2,525,000

    Price

  • Nov 8, 2021

    Date

    Active

    CRMLS: 21103113

    $3,198,000

    Price

  • June, 2017

  • Jun 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $675,000

    Price

Show More

Tax History for 201 Lucas Ave

Assessed Value (2020): $716,555
Year Land Value Improved Value Assessed Value
2020 $424,483 $292,072 $716,555

Home Value Compared to the Market

This property vs the competition

201 Lucas Ave sold on April 13, 2022 for 168.74% 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 $1921.88 per/sqft which puts the price per square foot 154.55% higher than the current median sale per square foot for the city of Los Angeles.

About 201 Lucas Ave

Detailed summary of property

201 Lucas Ave is a other that recently sold in Los Angeles, CA 90026. This property offered -- bedrooms, -- bathrooms, roughly 1,664 living square feet, and sits on an approximately 2,393 square foot lot. 201 Lucas Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,525,000. 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 168.74% higher than the current median priced home. Local homes that are currently for sale include 5975 S Broadway, 1303 N Citrus Ave and 5115 W Adams Blvd. While the average home in Los Angeles, CA is selling in 94 days, 201 Lucas 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 201 Lucas Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 201 Lucas Ave

Public county record property details
Beds
2
Baths
3
Year built
1920
Sq. Ft.
1,664
Lot Size
2,393
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5153-029-001

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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