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2223 Clyde Ave Los Angeles, CA 90016

$1,265,000 Sold Price as of 04/01/2022

6 Beds
5 Baths
3,138 Sq.Ft.

Sold

$1,265,000 Sold Price as of 04/01/2022 Refinance Your Mortgage

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Map preview of 2223 Clyde Ave, Los Angeles, CA 90016

Property Overview: 2223 Clyde Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,138 living square feet and 6,337 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a one of a kind investment opportunity on a corner lot located in one of Los Angeles hottest rental markets, Mid City. This is a 5 unit with detached and attached garages with extra-large storage/ garage structure in the rear. All units are occupied, please do not disturb tenants. Shown with accepted offer. This 5 unit property consists of: 1 Unit: 2 Bedroom, 1 bathroom, and 4 units: 1 bedroom, 1 bathroom. Property is located in a high demand, desirable area, close to Culver City. Great development opportunity! .

Listed by David Rosenfeld | BRE #01109090 | Advantage Real Estate

Last checked: 29 seconds ago | Last updated: January 22nd, 2024 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft: 6,337
HOA Dues: $0/mo
Year built: 1939
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22120671
City: Los Angeles
County: Los Angeles
Time on Site: 818 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,100
Total Rent: $2,200
Pro Forma/Market Rent: $3,400

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $565
Total Rent: $565
Pro Forma/Market Rent: $1,700

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,600

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18.43
Gross Scheduled Income: --
Net Operating Income: $47,635
Gross Operating Income: $70,488

Annual Expense Breakdown

Total Operating Expense: --
Electric: $901
New Taxes: $16,237
Insurance: $2,746
Water/Sewer: $2,436

Property Details for 2223 Clyde Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Uncovered

Property Information

Total # of Units: 5
Parcel Number: 5064023003

Location / Neighborhood

Location Information

Directions: North of Washington Bl., 2 blocks east of Fairfax

View more facts & features

Local Los Angeles Agent

Sale History for 2223 Clyde Ave

Last sold for $1,265,000 on April 1st, 2022

January, 2024
Jan 22, 2024

Date

Canceled

CRMLS: PW23149310

$1,775,000

Price
Aug 10, 2023

Date

Active

CRMLS: PW23149310

$1,799,000

Price
Listing provided courtesy of CRMLS

COMPLETELY UPDATED INCOME PROPERTY IN PRIME MID-CITY BETWEEN PICFAIR VILLAGE AND CULVER ARTS DISTRICT 5 UNIT COMPLEX W/ RTI PLANS FOR TWO ADUS We are pleased to present this 5-unit multifamily property that has been remodeled to the studs. RTI PLANS in hand for two ADU’S, that would bring the unit count to seven with a 7.11% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADU’S. The property is located just minutes from the Culver Arts District, Culver City Steps, Ivy Station which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. This property, located in the very hot market of Mid-City between Picfair village and Culver Arts District, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs. The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.

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April, 2022
Apr 1, 2022

Date

Sold

CRMLS: 22120671

$1,265,000

Price
Feb 1, 2022

Date

Active

CRMLS: 22120671

$1,299,000

Price
November, 2014
Nov 19, 2014

Date

Sold (Public Records)

Public Records

--

Price
October, 2009
Oct 8, 2009

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2223 Clyde Ave

Assessed Value (2020): $993,397

Year	Land Value	Improved Value	Assessed Value
2020	$624,779	$368,618	$993,397

Home Value Compared to the Market

This property vs the competition

2223 Clyde Ave sold on April 1, 2022 for 0.76% 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 $382.09 per/sqft which puts the price per square foot 49.39% lower than the current median sale per square foot for the city of Los Angeles.

About 2223 Clyde Ave

Detailed summary of property

2223 Clyde Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,138 living square feet, and sits on an approximately 6,337 square foot lot. 2223 Clyde Ave was first listed on ArdentRealEstateGroup.com on February 10, 2022. The homeowner sold the property for $1,265,000. 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 0.76% higher than the current median priced home. Local homes that are currently for sale include 3008 S West View St, 1430 S Orange Dr and 4840 Mascot St. While the average home in Los Angeles, CA is selling in 94 days, 2223 Clyde Ave has a days on market of 24 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2223 Clyde Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2223 Clyde Ave

Public county record property details

Beds: 6
Baths: 5
Year built: 1939
Sq. Ft.: 3,138
Lot Size: 6,336
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 5064-023-003

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,100,000

Median List Price/Sq.Ft.

$781

Median Sold Price

$885,000

Median Sold Price/Sq.Ft.

$699

Total Inventory

Median Sale to List Price %

98.44%

Avg Days on Market

Loan Type

Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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Homes for Sale Near 2223 Clyde Ave

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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.