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2249 Duane St #5, Los Angeles, CA 90039
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2249 Duane St #5 Los Angeles, CA 90039

$2,265,000 Sold Price as of 08/08/2023
  • 20 Beds
  • 20 Baths
  • -- Sq.Ft.
Sold
$2,265,000 Sold Price as of 08/08/2023 Refinance Your Mortgage
Map preview of 2249 Duane St #5, Los Angeles, CA 90039

Property Overview: 2249 Duane St #5 Los Angeles, CA has 20 bedrooms, 20 bathrooms, -- living square feet and 7,535 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Built in 1927, this investment is 100% occupied and has steady tenants generating a great cash flow with an upside in rents. At this time, all tenants are current with rents.This add value opportunity is perfectly situated near the famous Silver Lake Reservoir, the Meadows, dog park, and many shops and restaurants. with extremely high traffic counts and great visibility.

Listed by Sarah Asaly | BRE #02091833 | The Agency
Co-listed by Karine Aslanian | BRE #01331967 | The Agency
Last checked: 8 minutes ago | Last updated: August 9th, 2023 | Source CRMLS | DOM: 87

Home details

Lot Sq. Ft
7,535
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23250619
City
Los Angeles
County
Los Angeles
Time on Site
480 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,975
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,975
  • Total Rent: $3,975
  • Pro Forma/Market Rent: $3,975
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,975
  • Total Rent: $3,975
  • Pro Forma/Market Rent: $3,975
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.91%
  • Gross Rent Multiplier: 13.24
  • Gross Scheduled Income: $173,400
  • Net Operating Income: $135,694
  • Gross Operating Income: $173,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2249 Duane St #5

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 5422018017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: 2249 Duane St.
View more facts & features

Local Los Angeles Agent

Sale History for 2249 Duane St #5

Last sold for $2,265,000 on August 8th, 2023

  • August, 2023

  • Aug 8, 2023

    Date

    Sold

    CRMLS: 23250619

    $2,265,000

    Price

  • Mar 13, 2023

    Date

    Active

    CRMLS: 23250619

    $2,295,000

    Price

  • February, 2023

  • Feb 14, 2023

    Date

    Leased

    CRMLS: 23231027

    $3,975

    Price

  • Jan 9, 2023

    Date

    Active

    CRMLS: 23231027

    $3,975

    Price

  • Listing provided courtesy of CRMLS

    Contemporary living in the heart of Silver Lake with Downtown LA views. This gorgeous two-bedroom and two-bathroom apparent is approximately 1,174 square feet with new updates, and is equipped with stainless steal appliances and gorgeous finishes, and a private yard. This charming apartment has great open floor plan and tons of natural light. This property is conveniently located near all major freeways, supermarkets, Hollywood, Silver Lake, Glendale, Pasadena, Downtown Los Angeles, and West Hollywood. Owner pays for water, tenant must cover the rest of the amenities usage (ex: gas, electricity, wifi, garbage).

  • January, 2023

  • Jan 28, 2023

    Date

    Leased

    CRMLS: 23231229

    $3,975

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: 23231229

    $3,975

    Price

  • Listing provided courtesy of CRMLS

    TWO UNITS AVAILABLE. UNIT 2 AND UNIT 3- Contemporary living in the heart of Silver Lake with Downtown LA views. This gorgeous two-bedroom and two-bathroom apparent is approximately 1,174 square feet with new updates, and is equipped with stainless steal appliances and gorgeous finishes, and a private yard. This charming apartment has great open floor plan and tons of natural light. This property is conveniently located near all major freeways, supermarkets, Hollywood, Silver Lake, Glendale, Pasadena, Downtown Los Angeles, and West Hollywood. Owner pays for water, tenant must cover the rest of the amenities usage (ex: gas, electricity, wifi, garbage).

  • May, 2019

  • May 14, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2016

  • May 20, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2249 Duane St #5

Assessed Value (2020): $826,194
Year Land Value Improved Value Assessed Value
2020 $521,686 $304,508 $826,194

Home Value Compared to the Market

This property vs the competition

2249 Duane St #5 sold on August 8, 2023 for 80.14% higher than the current median sold price for the city of Los Angeles which is $1,274,000.

About 2249 Duane St #5

Detailed summary of property

2249 Duane St #5 is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 20 bedrooms, 20 bathrooms, roughly -- living square feet, and sits on an approximately 7,535 square foot lot. 2249 Duane St #5 was first listed on ArdentRealEstateGroup.com on March 14, 2023. The homeowner sold the property for $2,265,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 80.14% higher than the current median priced home. Local homes that are currently for sale include 151 S Mountainview St, 220 N Hoover St and 125 Union Pl. While the average home in Los Angeles, CA is selling in 100 days, 2249 Duane St #5 has a days on market of 87 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 2249 Duane St #5 Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2249 Duane St #5

Public county record property details
Beds
8
Baths
8
Year built
1927
Sq. Ft.
4,696
Lot Size
7,534
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
171,174
APN
5422-018-017

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,825,000
Median List Price/Sq.Ft.
$901
Median Sold Price
$1,840,000
Median Sold Price/Sq.Ft.
$1,277
Total Inventory
51
Median Sale to List Price %
102.28%
Avg Days on Market
21
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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