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207 N Savannah St, Los Angeles, CA 90033
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207 N Savannah St Los Angeles, CA 90033

$2,725,000 Sold Price as of 02/21/2020
  • 3 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$2,725,000 Sold Price as of 02/21/2020 Refinance Your Mortgage
Map preview of 207 N Savannah St, Los Angeles, CA 90033

Property Overview: 207 N Savannah St Los Angeles, CA has 3 bedrooms, 3 bathrooms, -- living square feet and 14,285 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three bachelor units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. Current ownership has already completed the government required seismic retrofit work which saves a new investor substantially in capital and time. The subject property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 207 North Savannah offers an investor the rare opportunity to add value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single-family homes and surrounded by increasingly popular restaurants, retail and entertainment venues, which draws a wide range of creative professional tenants.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
14,285
HOA Dues
$0/mo
Year built
1932
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19508660
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $962
  • Total Rent: --
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $987
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $947
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.44
  • Gross Scheduled Income: --
  • Net Operating Income: $91,522
  • Gross Operating Income: $195,645
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 207 N Savannah St

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 17
  • Parcel Number: 5180015028
Location / Neighborhood
Location Information
  • Directions: The subject property sits on North Savannah Street, between Cesar Chavez Avenue and 1st Street, just west of Evergreen Avenue. Tenants of the building benefit from immediate access to the 10 freeway, and are less than a 14 minute bike ride to the Art's District of Downtown Los Angeles.
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Local Los Angeles Agent

Sale History for 207 N Savannah St

Last sold for $2,725,000 on February 21st, 2020

  • February, 2020

  • Feb 29, 2020

    Date

    Sold

    CRMLS: 19508660

    $2,725,000

    Price

  • Nov 25, 2019

    Date

    Active Under Contract

    CRMLS: 19508660

    $3,200,000

    Price

  • Sep 9, 2019

    Date

    Active

    CRMLS: 19508660

    $3,200,000

    Price

  • February, 2020

  • Feb 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,725,000

    Price

  • February, 2020

  • Feb 21, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 207 N Savannah St

Assessed Value (2020): $937,329
Year Land Value Improved Value Assessed Value
2020 $257,117 $680,212 $937,329

Home Value Compared to the Market

This property vs the competition

207 N Savannah St sold on February 21, 2020 for 185.71% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 207 N Savannah St

Detailed summary of property

207 N Savannah St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 3 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 14,285 square foot lot. 207 N Savannah St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,725,000. 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 185.71% higher than the current median priced home. Local homes that are currently for sale include 2140 Lemoyne St, 130 E 29th St and 4214 Avalon Blvd. While the average home in Los Angeles, CA is selling in 106 days, 207 N Savannah St has a days on market of 77 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 207 N Savannah St 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 207 N Savannah St

Public county record property details
Beds
5
Baths
17
Year built
1910
Sq. Ft.
11,170
Lot Size
14,285
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9-10
APN
5180-015-028

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
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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