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2120 Sheridan St, Los Angeles, CA 90033
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2120 Sheridan St Los Angeles, CA 90033

$1,019,999
  • 11 Beds
  • 5.5 Baths
  • 5,216 Sq.Ft.
For Sale
$1,019,999 Get Pre-Qualified
Map preview of 2120 Sheridan St, Los Angeles, CA 90033

Property Overview: 2120 Sheridan St Los Angeles, CA has 11 bedrooms, 5.5 bathrooms, 5,216 living square feet and 6,926 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: Welcome to this absolutely stunning 5 unit income producing property for sale in prime Boyle Heights, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside in one of the most gentrifying markets of Los Angeles. Perfectly located on a corner lot with private alley access allows you truly appreciate this amazing setup. You have a 4 unit building consisting of four 2 bed 1 bath units over 1,000 sqft each and a separate detached 3 bedroom 2 bath single family home with it’s own two car garage giving you the ability to convert into an ADU and increase the value. All 5 units are individually metered and the single family home has its own water meter as well making it two water meters for the property. You have the potential for major upside while collecting very healthy rents. You generate up to $14K in rents a month, huge upside! Located in a very desirable location, within walking distance to shopping centers, restaurants, USC Medical Center, White Memorial Hospital, DTLA and much more. Tenants will love the convenience of being within walking distance to Soto Station, as well as a plethora of other rapidly developing amenities in the area that are driving ongoing growth and increased demand. Easy access to major freeway's such as the 5 and 10 and 101 FWY. Boyle Heights is a mix of history and trendy coffee shops, restaurants, art and music. The signs of gentrification are clear as new development and companies moving into the area. This will not last!

Listed by Andrew Munoz | BRE #01989243 | Keller Williams Pacific Estate
Co-listed by Jovani Pina | BRE #01959832 | Keller Williams Pacific Estates Cerritos
Last checked: 13 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
6,926
HOA Dues
$0/mo
Year built
1963
Garage
1 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24071520
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,736
  • Total Rent: $1,736
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,078
  • Total Rent: $1,078
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,068
  • Total Rent: $1,068
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $956
  • Total Rent: $956
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,356
  • Net Operating Income: $64,116
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,240
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 2120 Sheridan St

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Property Details for 2120 Sheridan St

Interior Features
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5175017005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: On the corner of Chicago and Sheridan St
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2120 Sheridan St

Last sold on April 22nd, 1999

  • April, 2024

  • Apr 10, 2024

    Date

    Active

    CRMLS: PW24071520

    $1,019,999

    Price

  • December, 2023

  • Dec 30, 2023

    Date

    Expired

    CRMLS: PW23215571

    $1,050,000

    Price

  • Nov 22, 2023

    Date

    Active

    CRMLS: PW23215571

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2023

  • Nov 14, 2023

    Date

    Canceled

    CRMLS: PW23063908

    $1,100,000

    Price

  • Apr 17, 2023

    Date

    Active

    CRMLS: PW23063908

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Please Do not contact sellers. They have a signed listing agreement and will re-list next week.

  • April, 2023

  • Apr 5, 2023

    Date

    Expired

    CRMLS: WS23005345

    $1,100,000

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: WS23005345

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    5 Units income property with front units as a separate house, the back building is a 4 units apartment in this up-and-coming neighborhood. The property is closed to 5/10/60 freeway. 5 minutes to Cal State LA and within 10 minutes to DTLA. Fully occupied and long-term tenants. Front unit is 3 bed/1 bath and the back building units are all with 2 bed/1 bath. Each unit with its own gas and electric meter

  • August, 2022

  • Aug 3, 2022

    Date

    Expired

    CRMLS: WS22110820

    $1,150,000

    Price

  • May 24, 2022

    Date

    Active

    CRMLS: WS22110820

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment for a 5 units apartment near USC County Hospital and the Broadway Street business area. The property is consist of an SFR-type front unit and a four 2 bedroom/1 bath building behind. large 5216 living sqft. high income for the area ($69,336 gross), all units are long-term tenants. Each with its own fas and electric meter.

  • April, 1999

  • Apr 22, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1995

  • Jul 17, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2120 Sheridan St

Assessed Value (2020): $443,529
Year Land Value Improved Value Assessed Value
2020 $139,736 $303,793 $443,529

Home Value Compared to the Market

This property vs the competition

2120 Sheridan St is listed 16.73% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $195.55 per/sqft which puts the price per square foot 74.73% lower than the median price per square foot for the city of Los Angeles.

About 2120 Sheridan St

Detailed summary of property

2120 Sheridan St is a mixed use located in Los Angeles, CA 90033 and is currently for sale. This mixed use property offers 11 bedrooms, 5.5 bathrooms, roughly 5,216 living square feet, and sits on an approximately 6,926 square foot lot. 2120 Sheridan St was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $1,019,999. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.73% lower than the median priced home. Local competing homes currently for sale include 3522 Maple Ave, 3110 S Normandie and 9120 S Fir Ave. While the average home in Los Angeles, CA is selling in 96 days, 2120 Sheridan St has a days on market of 16 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2120 Sheridan 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 2120 Sheridan St

Public county record property details
Beds
7
Baths
5
Year built
1963
Sq. Ft.
5,216
Lot Size
6,926
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5175-017-005

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
$699,000
Median List Price/Sq.Ft.
$536
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
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.

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