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2240 W Temple St, Los Angeles, CA 90026
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2240 W Temple St Los Angeles, CA 90026

$2,500,000
  • 8 Beds
  • 4 Baths
  • 5,400 Sq.Ft.
For Sale
$2,500,000 Get Pre-Qualified
Map preview of 2240 W Temple St, Los Angeles, CA 90026

Property Overview: 2240 W Temple St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,400 living square feet and 5,666 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: Location! Location! Location! This property is a mixed-use building with 7 units; 3 residential and 4 storefronts. Located at the corner of Temple Street and Rosemont Avenue in the 90026 zip code area of Los Angeles in "Historic Filipinotown" which is also known for its trendy and diverse neighborhoods such as Silverlake and Echo Park. The mixed-use building is conveniently situated near public transportation with several bus lines that run in the general vicinity of this address. The property can be used for both residential and commercial purposes, which makes it a unique investment opportunity for those looking to generate rental income. This area is undergoing a significant transformation with new construction condominium developments, which increase the property values and potentially even new businesses or amenities. Less than 3 miles distance from Downtown Los Angeles. Easy access to Fwy entrance.

Listed by Rosi Agopian | BRE #01988068 | Beverly and Company
Last checked: 55 seconds ago | Last updated: March 10th, 2024 | Source CRMLS | DOM: 41
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Home details

Lot Sq. Ft
5,666
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SR24048175
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,222
  • Total Rent: $3,222
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,330
  • Total Rent: $1,330
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $184,224
  • Net Operating Income: $148,279
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $35,945
  • Electric: $1,800
  • Gas/Fuel: $1,200
  • Trash: $1,200
  • Insurance: $6,045
  • Professional Management: $6,000
  • Water/Sewer: $3,000
  • Other Expenses: $16,700
  • Other Expense Description: prop tax

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Property Details for 2240 W Temple St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5157018003
  • Year Built Source: Assessor
  • Entry Level: 4
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 101 Fwy South | Exit onto Benton Way | turn left onto W. Temple | on your right
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2240 W Temple St

Last sold for $1,000,000 on April 10th, 2006

  • March, 2024

  • Mar 10, 2024

    Date

    Active

    CRMLS: SR24048175

    $2,500,000

    Price

  • October, 2023

  • Oct 26, 2023

    Date

    Expired

    CRMLS: SR23069885

    $3,500,000

    Price

  • Apr 26, 2023

    Date

    Active

    CRMLS: SR23069885

    $4,900,000

    Price

  • Listing provided courtesy of CRMLS

    Location! Location! Location! This property is a mixed-use building with 7 units. Located at the corner of Temple Street and Rosemont Avenue in the 90026 zip code area of Los Angeles, which is known for its trendy and diverse neighborhoods such as Silverlake and Echo Park. The mixed-use building is conveniently situated near public transportation with several bus lines that run in the general vicinity of this address. The property can be used for both residential and commercial purposes, which makes it a unique investment opportunity for those looking to generate rental income. This area is undergoing a significant transformation with new construction condominium developments, which increase the property values and potentially even new businesses or amenities. Less than 3 miles distance from Downtown Los Angeles. Easy access to Fwy entrance!

  • April, 2022

  • Apr 29, 2022

    Date

    Expired

    CRMLS: OC21234996

    $3,000,000

    Price

  • Nov 4, 2021

    Date

    Active

    CRMLS: OC21234996

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION!! LOCATION!! LOCATION!!! Its NOW or NEVER!!! HIGHLY sought INVESTMENT/COMMERCIAL PROPERTY. 2240 W. Temple St. is a 2-unit, two-story complex built on the corner of W. Temple St. & Rosemont Ave. With an existing mini-market, 2 units are currently occupied by tenants and a very busy auto-Bodyshop. There are 3 parking spaces. The building has a total of 5,666 Sq. ft. originally built in 1905. The area is red hot and highly improved with multiple new commercial property constructions surrounding the area. This well-located property offers convenient access to Chinatown, Downtown Los Angeles, and Mid-Wilshire and can be managed efficiently due to their proximity to one another.

  • April, 2006

  • Apr 10, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • November, 1994

  • Nov 3, 1994

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

Show More

Tax History for 2240 W Temple St

Assessed Value (2020): $1,249,555
Year Land Value Improved Value Assessed Value
2020 $1,124,607 $124,948 $1,249,555

Home Value Compared to the Market

This property vs the competition

2240 W Temple St is listed 102.27% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $462.96 per/sqft which puts the price per square foot 40.11% lower than the median price per square foot for the city of Los Angeles.

About 2240 W Temple St

Detailed summary of property

2240 W Temple St is a mixed use located in Los Angeles, CA 90026 and is currently for sale. This mixed use property offers 8 bedrooms, 4 bathrooms, roughly 5,400 living square feet, and sits on an approximately 5,666 square foot lot. 2240 W Temple St was first listed on ArdentRealEstateGroup.com on March 10, 2024. The homeowner is currently asking $2,500,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 102.27% higher than the median priced home. Local competing homes currently for sale include 3454 Jasmine Ave, 11901 S San Pedro St and 3745 Ocean View Ave. While the average home in Los Angeles, CA is selling in 96 days, 2240 W Temple St has a days on market of 41 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 2240 W Temple St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2240 W Temple St

Public county record property details
Beds
--
Baths
--
Year built
1905
Sq. Ft.
5,666
Lot Size
5,412
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5157-018-003

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
55
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), 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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