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2031 Sichel St, Los Angeles, CA 90031
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2031 Sichel St Los Angeles, CA 90031

$1,856,000 Sold Price as of 05/21/2021
  • 12 Beds
  • 8 Baths
  • 5,368 Sq.Ft.
Sold
$1,856,000 Sold Price as of 05/21/2021 Refinance Your Mortgage
Map preview of 2031 Sichel St, Los Angeles, CA 90031

Property Overview: 2031 Sichel St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 5,368 living square feet and 9,074 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 100% occupied and well maintained apartment building with below market rents. Huge upside potential!!! Great mixture of 4-2bed/1bath & 4-1bed/1bath units and coin operated laundry room for Landlord's extra income. 8 individually assigned parking in rear. Conveniently located in the close vicinity of USC medical center, CSLA and Downtown LA; easy access to FWY 5, 10 & 110. Three units had been recently remodeled and upgraded.

Listed by Ellie YeoLim Ahn | BRE #01433079 | Ellie Ahn
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
9,074
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21699218
City
Los Angeles
County
Los Angeles
Time on Site
1296 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,639
  • Total Rent: $1,639
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $934
  • Total Rent: $934
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,596
  • Total Rent: $1,596
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,313
  • Total Rent: $1,313
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,081
  • Total Rent: $1,081
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,490
  • Total Rent: $1,490
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $930
  • Total Rent: $930
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,080
  • Total Rent: $1,080
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.12
  • Gross Scheduled Income: --
  • Net Operating Income: $74,261
  • Gross Operating Income: $122,713
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2031 Sichel St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community
Room Information
  • Flooring: Carpet, Laminate
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community, Fire Sprinkler System, Smoke Detector(s), Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Assigned, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5210010027
Location / Neighborhood
Location Information
  • Directions: Major cross street: Main & Sichel
View more facts & features

Local Los Angeles Agent

Sale History for 2031 Sichel St

Last sold for $1,856,000 on May 21st, 2021

  • May, 2021

  • May 24, 2021

    Date

    Sold

    CRMLS: 21699218

    $1,856,000

    Price

  • May 14, 2021

    Date

    Pending

    CRMLS: 21699218

    $1,856,000

    Price

  • Mar 1, 2021

    Date

    Active

    CRMLS: 21699218

    $1,856,000

    Price

  • August, 2018

  • Aug 10, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2018

  • Jan 16, 2018

    Date

    Sold

    CRMLS: DW17236958

    $1,430,000

    Price

  • Nov 13, 2017

    Date

    Pending

    CRMLS: DW17236958

    $1,468,000

    Price

  • Oct 16, 2017

    Date

    Active

    CRMLS: DW17236958

    $1,468,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 8 building property in highly desirable area in Lincln Hts. 4 2 bedrooms and 4 1 bedrooms.

  • December, 2017

  • Dec 22, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,430,000

    Price

Show More

Tax History for 2031 Sichel St

Assessed Value (2020): $1,428,240
Year Land Value Improved Value Assessed Value
2020 $999,600 $428,640 $1,428,240

Home Value Compared to the Market

This property vs the competition

2031 Sichel St sold on May 21, 2021 for 65.71% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $345.75 per/sqft which puts the price per square foot 52.24% lower than the current median sale per square foot for the city of Los Angeles.

About 2031 Sichel St

Detailed summary of property

2031 Sichel St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 5,368 living square feet, and sits on an approximately 9,074 square foot lot. 2031 Sichel St was first listed on ArdentRealEstateGroup.com on March 2, 2021. The homeowner sold the property for $1,856,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 65.71% higher than the current median priced home. Local homes that are currently for sale include 5621 Carlota Blvd, 2106 Valentine St and 1331 Sutherland St. While the average home in Los Angeles, CA is selling in 106 days, 2031 Sichel St has a days on market of 49 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2031 Sichel St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2031 Sichel St

Public county record property details
Beds
12
Baths
8
Year built
1965
Sq. Ft.
5,368
Lot Size
9,074
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5210-010-027

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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