2047 Ivar Ave Los Angeles, CA 90068

$235,000 Sold Price as of 02/13/2001

7 Beds
5 Baths
4,848 Sq.Ft.

Off Market

$235,000 Sold Price as of 02/13/2001 Refinance Your Mortgage

Map preview of 2047 Ivar Ave, Los Angeles, CA 90068

Property Overview: 2047 Ivar Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 4,848 living square feet and 6,312 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2047 Ivar Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2047 Ivar Ave

Last sold for $235,000 on February 13th, 2001

September, 2022
Sep 22, 2022

Date

Expired

CRMLS: 22138526

$2,499,000

Price
Mar 21, 2022

Date

Active

CRMLS: 22138526

$2,695,000

Price
Listing provided courtesy of CRMLS

We are proud to present a truly unique opportunity located at 2047 Ivar Avenue, which is a one of a kind 4 plex nestled in the quiet and charming residential streets of the famous Hollywood Hills. Due to its central location, tenants are within one mile of some of the most prominent Hollywood attractions such as the Hollywood Bowl, the world-renowned Magic Castle, the Hollywood Boulevard strip, and countless options for dining and shopping. The building is also conveniently located within a few blocks from the 101-freeway onramp, allowing for quick access to get to Downtown LA if going Southbound, or quickly get to Universal City, Studio City, Burbank, and the rest of the San Fernando Valley going Northbound.Built in 1921, the property sits on a 0.14 acre lot with magnificent city views overlooking Hollywood. The building boasts a large footprint of 5,393 gross sqft spread across three stories, and it has a good unit mix of (1) 1 bed / 1 bath unit, (1) 2 bed / 1 bath unit, and (2) 3 bed / 2 bath units. The units attract high-end renters due to their original wood floors, laundry hook ups, and private patios/back yards for the tenants to enjoy. Additionally, the property offers 6 total parking spaces available for the 4 units.Current ownership has done a great job maintaining the property and making sure the building holds its charm. Over the course of 21 years, ownership has spent close to $700k in capital improvements and approximately $150k in the last two years alone. A few notable improvements include a new roof, an extensive retaining wall to support the structure and integrity of the building, a 4-car garage, copper plumbing throughout, new gas lines, electrical panels, 5 new water heaters and custom patio decks.This offering provides an incredible opportunity for a first-time buyer or seasoned investor to own a unique piece of real estate in the highly coveted neighborhood of Hollywood Dell. First-time buyers can take their first step into owning L.A. real estate as an owner/user with a minimal down payment and a smaller barrier to entry compared to single family homes. While seasoned investors can use this as an opportunity to capitalize on the potential future income that is attainable through unit turnover and remodel.

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February, 2001
Feb 13, 2001

Date

Sold (Public Records)

Public Records

$235,000

Price
April, 1997
Apr 18, 1997

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2047 Ivar Ave

Assessed Value (2020): $820,884

Year	Land Value	Improved Value	Assessed Value
2020	$551,123	$269,761	$820,884

About 2047 Ivar Ave

Detailed summary of property

2047 Ivar Ave is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90068 and last sold on February 13, 2001 for $235,000. This property has 7 bedrooms, 5 bathrooms, roughly 4,848 living square feet, and sits on an approximately 6,312 square foot lot. Homes 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 79.02% lower than the current median priced home. 2047 Ivar Ave was last sold on February 13, 2001 for $235,000. Local nearby listings include 6324 Quebec Dr, 2260 N Cahuenga Blvd. #507 and 6722 Whitley Terrace. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 2047 Ivar Ave Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2047 Ivar Ave

Public county record property details

Beds: 7
Baths: 5
Year built: 1921
Sq. Ft.: 4,848
Lot Size: 6,312
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 109,110
APN: 5576-019-038

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,200,000

Median List Price/Sq.Ft.

$852

Median Sold Price

$1,720,000

Median Sold Price/Sq.Ft.

$766

Total Inventory

197

Median Sale to List Price %

98.29%

Avg Days on Market

Loan Type

Conventional (20%), FHA (0%), VA (4%), Cash (4%), Other (16%)

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