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2204 W Slauson Ave, Los Angeles, CA 90043
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2204 W Slauson Ave Los Angeles, CA 90043

$2,170,000 Sold Price as of 04/16/2021
  • 10 Beds
  • 9 Baths
  • 6,050 Sq.Ft.
Sold
$2,170,000 Sold Price as of 04/16/2021 Refinance Your Mortgage
Map preview of 2204 W Slauson Ave, Los Angeles, CA 90043

Property Overview: 2204 W Slauson Ave Los Angeles, CA has 10 bedrooms, 9 bathrooms, 6,050 living square feet and 11,191 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Slauson Manor Apartments is a vacant 9-unit building adjacent to the Crenshaw Boulevard commercial corridor. Slauson Manor Apartments is not subject to LA City rent control and provides an opportunity to either lease-up and enjoy immediate cash-flow or make cosmetic upgrades to unit interiors to achieve higher rents. Cap rates are approximately 100 basis points higher in the greater Inglewood submarket than Los Angeles as a whole, offering a potential stabilized yield of over 10%. The submarkets rent levels are below the metro-wide average and is consequently one of the few areas that have experienced rent growth since the start of the pandemic, with a YoY increase of 1.7% from 2019 to 2020. As the economy returns to pre-pandemic levels and rents continue to rise, the buildings non rent-controlled status will allow the operator to increase rents at a rate that keeps pace with the market. Built in 1981, the 6,050 square-foot courtyard-style building

Listed by Kimberly Roberts Stepp | BRE #01251767 | Stepp Commercial
Last checked: 10 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 75

Home details

Lot Sq. Ft
11,191
HOA Dues
$0/mo
Year built
1981
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21685838
City
Los Angeles
County
Los Angeles
Time on Site
1206 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $9,900
  • Pro Forma/Market Rent: $9,900
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.66
  • Gross Scheduled Income: --
  • Net Operating Income: $121,422
  • Gross Operating Income: $182,573
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2204 W Slauson Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4005026036
Location / Neighborhood
Location Information
  • Directions: Cross of S Van Ness Avenue and Slauson Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 2204 W Slauson Ave

Last sold for $2,170,000 on April 16th, 2021

  • April, 2021

  • Apr 19, 2021

    Date

    Sold

    CRMLS: 21685838

    $2,170,000

    Price

  • Apr 12, 2021

    Date

    Pending

    CRMLS: 21685838

    $2,195,000

    Price

  • Mar 5, 2021

    Date

    Price Change

    CRMLS: 21685838

    $2,195,000

    Price

  • Jan 27, 2021

    Date

    Active

    CRMLS: 21685838

    $2,295,000

    Price

  • January, 2021

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21685024

    $2,295,000

    Price

  • Listing provided courtesy of CRMLS

    Stepp Commercial is pleased to present Slauson Manor Apartments, a vacant 9-unit building adjacent to the Crenshaw Boulevard commercial corridor. Slauson Manor Apartments is not subject to LA City rent control and provides an opportunity to either lease-up and enjoy immediate cash-flow or make cosmetic upgrades to unit interiors to achieve higher rents. Cap rates are approximately 100 basis points higher in the greater Inglewood submarket than Los Angeles as a whole, offering a potential stabilized yield of over 10%. The submarkets rent levels are below the metro-wide average and is consequently one of the few areas that have experienced rent growth since the start of the pandemic, with a YoY increase of 1.7% from 2019 to 2020. As the economy returns to pre-pandemic levels and rents continue to rise, the buildings non rent-controlled status will allow the operator to increase rents at a rate that keeps pace with the market.

  • September, 2019

  • Sep 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

  • March, 2001

  • Mar 16, 2001

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

Show More

Tax History for 2204 W Slauson Ave

Assessed Value (2020): $1,600,000
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $400,000 $1,600,000

Home Value Compared to the Market

This property vs the competition

2204 W Slauson Ave sold on April 16, 2021 for 84.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $362.81 per/sqft which puts the price per square foot 51.95% lower than the current median sale per square foot for the city of Los Angeles.

About 2204 W Slauson Ave

Detailed summary of property

2204 W Slauson Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 6,050 living square feet, and sits on an approximately 11,191 square foot lot. 2204 W Slauson Ave was first listed on ArdentRealEstateGroup.com on January 28, 2021. The homeowner sold the property for $2,170,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 84.45% higher than the current median priced home. Local homes that are currently for sale include 3005 S Normandie Ave, 3837 Montclair St and 3023 S Budlong Ave. While the average home in Los Angeles, CA is selling in 94 days, 2204 W Slauson Ave has a days on market of 75 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2204 W Slauson Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2204 W Slauson Ave

Public county record property details
Beds
9
Baths
9
Year built
1981
Sq. Ft.
6,050
Lot Size
11,190
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1-4
APN
4005-026-036

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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Recently Sold Homes Near 2204 W Slauson Ave

5752 S Van Ness Ave, Los Angeles, CA 90062
$455,000 Last Sold Price
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-- Sq.Ft.
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2312 W Slauson Ave, Los Angeles, CA 90043
$500,000 Last Sold Price
0 Beds
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2312 W Slauson Ave
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5847 Arlington Ave, Los Angeles, CA 90043
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5821 Cimarron St, Los Angeles, CA 90047
$565,000 Last Sold Price
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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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