2016 Pennsylvania Ave, Los Angeles, CA 90033
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2016 Pennsylvania Ave Los Angeles, CA 90033

$1,225,000
  • 10 Beds
  • 5 Baths
  • 6,022 Sq.Ft.
For Sale
$1,225,000 Get Pre-Qualified

Map preview of 2016 Pennsylvania Ave, Los Angeles, CA 90033

Property Overview: 2016 Pennsylvania Ave Los Angeles, CA has 10 bedrooms, 5 bathrooms, 6,022 living square feet and 7,006 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: An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 5- unit 2 bedrooms 1 bath each. With 4 parking spaces with washer and dryer hook ups each unit is 1200 of living space. Easy accesses to major freeway's such as the 5 and 10 and 101.Boyle Heights mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renter's desire to live with the community being 75% of residence are renters. Schools Breed st elementary, Hollenbeck middle and Rosevelt High school are within walking distance as are major parks Ross Valencia community park and historical Hollenbeck Park. The signs of gentrification are clear as new development and companies moving into the area.

Listed by Amparo Gastelum | BRE #01701696 | Max Real Estate
Last checked: 6 minutes ago | Last updated: July 1st, 2024 | Source CRMLS | DOM: 327
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Home details

Lot Sq. Ft
7,006
HOA Dues
$0/mo
Year built
1927
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
DW23159633
City
Los Angeles
County
Los Angeles
Time on Site
327 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,205
  • Total Rent: $1,205
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,205
  • Total Rent: $1,205
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,465
  • Total Rent: $1,465
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,205
  • Total Rent: $1,205
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,385
  • Total Rent: $1,385
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $70,580
  • Net Operating Income: $70,580
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,000
  • Electric: $900
  • Gas/Fuel: $0
  • Trash: $2,574
  • Insurance: $3,470
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 2016 Pennsylvania Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5183007009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: SAINT LUIS AND 1ST
Neighborhood Information
  • Community Features: Curbs
View more facts & features

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Sale History for 2016 Pennsylvania Ave

Last sold on July 15th, 2014
  • August, 2023

  • Aug 25, 2023

    Date

    Active

    CRMLS: DW23159633

    $1,395,000

    Price

  • May, 2023

  • May 26, 2023

    Date

    Expired

    CRMLS: DW22246736

    $1,400,000

    Price

  • Nov 25, 2022

    Date

    Active

    CRMLS: DW22246736

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2014

  • Jul 15, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2003

  • Dec 4, 2003

    Date

    Sold (Public Records)

    Public Records

    $107,500

    Price

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Tax History for 2016 Pennsylvania Ave

Assessed Value (2020): $507,733
Year Land Value Improved Value Assessed Value
2020 $162,647 $345,086 $507,733

Home Value Compared to the Market

This property vs the competition

2016 Pennsylvania Ave is listed 2.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $203.42 per/sqft which puts the price per square foot 73.68% lower than the median price per square foot for the city of Los Angeles.

About 2016 Pennsylvania Ave

Detailed summary of property

2016 Pennsylvania Ave is a mixed use located in Los Angeles, CA 90033 and is currently for sale. This mixed use property offers 10 bedrooms, 5 bathrooms, roughly 6,022 living square feet, and sits on an approximately 7,006 square foot lot. 2016 Pennsylvania Ave was first listed on ArdentRealEstateGroup.com on August 26, 2023. The homeowner is currently asking $1,225,000 and was originally asking $1,395,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.08% higher than the median priced home. Local competing homes currently for sale include 1202 E Plymouth St, 1380 Cherry Ave and 1120 Raymond Ave. While the average home in Los Angeles, CA is selling in 101 days, 2016 Pennsylvania Ave has a days on market of 327 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 2016 Pennsylvania Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2016 Pennsylvania Ave

Public county record property details
Beds
10
Baths
5
Year built
1927
Sq. Ft.
6,022
Lot Size
7,006
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
69
APN
5183-007-009

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$700,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$407
Total Inventory
13
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.