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231 S Avenue 18, Los Angeles, CA 90031
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231 S Avenue 18 Los Angeles, CA 90031

$1,350,000 Sold Price as of 07/15/2022
  • 3 Beds
  • 2 Baths
  • 2,066 Sq.Ft.
Sold
$1,350,000 Sold Price as of 07/15/2022 Refinance Your Mortgage
Map preview of 231 S Avenue 18, Los Angeles, CA 90031

Property Overview: 231 S Avenue 18 Los Angeles, CA has 3 bedrooms, 2 bathrooms, 2,066 living square feet and 9,935 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies. The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently has a single-family residence and is unentitled, providing a savvy developer the opportunity to design a project that fits their own style. The properties’ location will give the new development exciting unobstructed views of Downtown Los Angeles. A creative developer will be able to work many different scenarios of potential developments, including Small Lot Ordinance Homes, or a For Rent product. Another possibility includes buyer to use the existing structure and build additional units in the back. Please download supplemental attachment!

Listed by Justin McCardle | BRE #01895720 | GIG Real Estate Inc.
Co-listed by Handoko Chen | BRE #01749321 | GIG Real Estate Inc.
Last checked: 1 minute ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
9,935
HOA Dues
$0/mo
Year built
1885
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
AR22079095
City
Los Angeles
County
Los Angeles
Time on Site
883 days

Property Details for 231 S Avenue 18

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • All Bedrooms Down
Bathroom Information
  • # of Baths (Full): 2
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 5447026005
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: on Avenue 18 South of Broadway.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 231 S Avenue 18

Last sold for $1,350,000 on July 15th, 2022

  • July, 2022

  • Jul 15, 2022

    Date

    Sold

    CRMLS: AR22079095

    $1,350,000

    Price

  • Apr 19, 2022

    Date

    Active

    CRMLS: AR22079095

    $1,284,000

    Price

  • October, 2018

  • Oct 12, 2018

    Date

    Sold

    CRMLS: PW18136474

    $910,000

    Price

  • Aug 31, 2018

    Date

    Pending

    CRMLS: PW18136474

    $749,000

    Price

  • Jun 8, 2018

    Date

    Active

    CRMLS: PW18136474

    $749,000

    Price

  • Listing provided courtesy of CRMLS

    Coming Soon!!! A beautiful home with a with a gorgeous view of the Downtown Los Angeles skyline view from the backyard. 4 bedroom, 2 bath, with a converted basement into additional room and bathroom. Located conveniently close to the I-5 freeway and Dodger Stadium. Huge lot with additional parking spaces, and large patio space that is perfect for family and friend reunions. Additional information and photos to come.

  • October, 2018

  • Oct 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $910,000

    Price

  • October, 2018

  • Oct 12, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 231 S Avenue 18

Assessed Value (2020): $928,200
Year Land Value Improved Value Assessed Value
2020 $742,560 $185,640 $928,200

Home Value Compared to the Market

This property vs the competition

231 S Avenue 18 sold on July 15, 2022 for 14.64% 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 $621.49 per/sqft which puts the price per square foot 14.16% lower than the current median sale per square foot for the city of Los Angeles.

About 231 S Avenue 18

Detailed summary of property

231 S Avenue 18 is a single family home that recently sold in Los Angeles, CA 90031. This house offered 3 bedrooms, 2 bathrooms, roughly 2,066 living square feet, and sits on an approximately 9,935 square foot lot. 231 S Avenue 18 was first listed on ArdentRealEstateGroup.com on April 20, 2022. The homeowner sold the property for $1,350,000. 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 14.64% higher than the current median priced home. Local homes that are currently for sale include 1863 Burnell Dr, 1649 N Adamson St and 3118 Isabel Dr. While the average home in Los Angeles, CA is selling in 106 days, 231 S Avenue 18 has a days on market of 35 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 231 S Avenue 18 Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 231 S Avenue 18

Public county record property details
Beds
3
Baths
2
Year built
1885
Sq. Ft.
2,178
Lot Size
9,934
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5447-026-005

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 231 S Avenue 18

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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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