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231 S Alexandria Ave, Los Angeles, CA 90004
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231 S Alexandria Ave Los Angeles, CA 90004

$1,460,000 Sold Price as of 06/17/2022
  • 6 Beds
  • 5 Baths
  • 4,243 Sq.Ft.
Sold
$1,460,000 Sold Price as of 06/17/2022 Refinance Your Mortgage
Map preview of 231 S Alexandria Ave, Los Angeles, CA 90004

Property Overview: 231 S Alexandria Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 4,243 living square feet and 7,261 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present this development opportunity in an outstanding location in Koreatown. The three unit building is located east of Normandie Avenue and north of 3rd Street. The 7,260 square foot LAR4 zoned lot is entitled for 26 apartment units ($70,192 per buildable unit), 3 being dedicated to affordable housing. A new Buyer may be able to obtain favorable financing options.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 10 minutes ago | Last updated: June 27th, 2022 | Source CRMLS | DOM: 532

Home details

Lot Sq. Ft
7,261
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20666328
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,780
  • Total Rent: $1,780
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,290
  • Total Rent: $2,290
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,640
  • Total Rent: $2,640
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 231 S Alexandria Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 3
  • Parcel Number: 5518008007
Location / Neighborhood
Location Information
  • Directions: East of Western Avenue; south of 3rd Street
View more facts & features

Local Los Angeles Agent

Sale History for 231 S Alexandria Ave

Last sold for $1,460,000 on June 17th, 2022

  • August, 2021

  • Aug 28, 2021

    Date

    Price Change

    CRMLS: 20666328

    $1,725,000

    Price

  • Jul 23, 2021

    Date

    Price Change

    CRMLS: 20666328

    $1,700,000

    Price

  • Dec 2, 2020

    Date

    Active

    CRMLS: 20666328

    $1,825,000

    Price

  • December, 2020

  • Dec 1, 2020

    Date

    Expired

    CRMLS: 19472278

    $1,825,000

    Price

  • Nov 26, 2019

    Date

    Price Change

    CRMLS: 19472278

    $1,825,000

    Price

  • Jun 19, 2019

    Date

    Active

    CRMLS: 19472278

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present this development opportunity in a good location in Korea town. The three unit building is located east of Normandie Avenue and north of 3rd Street. The 7,260 square foot LAR4 zoned lot is entitled for 25 apartment units, 3 being dedicated to affordable housing. That breaks down to $74,000 per build-able unit. A new Buyer may be able to obtain favorable financing options.

  • March, 2019

  • Mar 14, 2019

    Date

    Expired

    CRMLS: 18364518

    $2,050,000

    Price

  • Sep 14, 2018

    Date

    Price Change

    CRMLS: 18364518

    $2,050,000

    Price

  • Sep 12, 2018

    Date

    Price Change

    CRMLS: 18364518

    $2,047,500

    Price

  • Jul 14, 2018

    Date

    Active

    CRMLS: 18364518

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Price Change! This is a three (3) unit multifamily investment opportunity located in the Koreatown submarket of Los Angeles. This income generating property is composed of a two buildings, with a total of 6 bedrooms and 5 bathrooms, per the Los Angeles County Assessor. Centrally located in the heart of booming Koreatown, just a few blocks away from popular restaurants, shopping, and walking distance from public transportation stops. This property is entitled for a 25-unit new construction complex, 7-story with mechanical basement, so it is a great option for developers. Koreatown is in extremely high demand for rental apartment units and development, so do not miss out on this tremendous opportunity to own in one of the hottest markets in Los Angeles. Do not disturb tenants.

  • April, 2016

  • Apr 28, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,385,000

    Price

  • August, 2005

  • Aug 18, 2005

    Date

    Sold (Public Records)

    Public Records

    $820,000

    Price

Show More

Tax History for 231 S Alexandria Ave

Assessed Value (2020): $1,499,167
Year Land Value Improved Value Assessed Value
2020 $1,049,958 $449,209 $1,499,167

Home Value Compared to the Market

This property vs the competition

231 S Alexandria Ave sold on June 17, 2022 for 47.32% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $388.88 per/sqft which puts the price per square foot 46.29% lower than the current median sale per square foot for the city of Los Angeles.

About 231 S Alexandria Ave

Detailed summary of property

231 S Alexandria Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 4,243 living square feet, and sits on an approximately 7,261 square foot lot. 231 S Alexandria Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,460,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 47.32% higher than the current median priced home. Local homes that are currently for sale include 352 S Benton Way, 651 Imogen Ave and 342 N Dillon St. While the average home in Los Angeles, CA is selling in 106 days, 231 S Alexandria Ave has a days on market of 532 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 231 S Alexandria Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 231 S Alexandria Ave

Public county record property details
Beds
6
Baths
5
Year built
1924
Sq. Ft.
4,243
Lot Size
7,260
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5518-008-007

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,488,000
Median List Price/Sq.Ft.
$792
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
85
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 231 S Alexandria 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.

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