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2317 S Congress Ave, Los Angeles, CA 90018
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2317 S Congress Ave Los Angeles, CA 90018

$1,055,000 Sold Price as of 10/08/2021
  • 4 Beds
  • 4 Baths
  • 2,366 Sq.Ft.
Sold
$1,055,000 Sold Price as of 10/08/2021 Refinance Your Mortgage
Map preview of 2317 S Congress Ave, Los Angeles, CA 90018

Property Overview: 2317 S Congress Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,366 living square feet and 6,655 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOCATION, LOCATION, LOCATION ON THE VERY DESIRABLE "ADAMS DISTRICT" ONLY FIVE MINUTES FROM UNIVERSITY OF SOUTHERN CALIFORNIA., OR TO DOWN TOWN L.A., AND ONE MINUTE TO THE 10 FWY. BEAUTIFULLY NESTLED IN A CORNER LOT WITH FOUR SEPARATE GARAGES THAT CAN BE CONVERTED INTO EXTRA UNITS, BUT FOR THAT YOU WILL HAVE TO CHECK WITH THE CITY OF LOS ANGELES TO SEE IF THIS PROPERTY QUALIFY FOR THE GARAGE CONVERSION. HURRY WONT LAST. ! SINCE THIS IS THE ONLY 4 UNITS PROPERTY BELOW ONE MILLION.

Listed by Roberto Guerra Martinez | BRE #01189605 | New Century Realty Services
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,655
HOA Dues
$0/mo
Year built
1939
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW21183159
City
Los Angeles
County
Los Angeles
Time on Site
1034 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,390
  • Total Rent: $1,390
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $598
  • Total Rent: $598
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $593
  • Total Rent: $593
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $3,956
  • Net Operating Income: $600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $600
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $130
  • Water/Sewer: $470

Property Details for 2317 S Congress Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Detached Carport, Concrete, Garage Faces Side
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5058022006
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Other Subdivision Name: ADAMS DISTRICT
  • Directions: WEST NORMANDY, NORTH ADAMS, SOUTH SANTA MONICA FWY.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2317 S Congress Ave

Last sold for $1,055,000 on October 8th, 2021

  • October, 2021

  • Oct 9, 2021

    Date

    Sold

    CRMLS: DW21183159

    $1,055,000

    Price

  • Aug 19, 2021

    Date

    Active

    CRMLS: DW21183159

    $995,000

    Price

  • June, 2021

  • Jun 25, 2021

    Date

    Sold

    CRMLS: SR21014443

    $840,000

    Price

  • Mar 25, 2021

    Date

    Active Under Contract

    CRMLS: SR21014443

    $850,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: SR21014443

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    Vinco Vinco Realty Group (VVRG) is pleased to present 2317 S Congress, a Value-add opportunity comprised of four (4) units all one bedroom - one bathroom. The property is located in the Adams-Normandie neighborhood. This unique investment offers an investor over 70% in upside rents in a rapidly growing submarket. The subject property is located in a highly sought-out Normandie-Adams neighborhood. Over the past few years, many residents and investors have seen significant appreciation in these submarkets, with rents skyrocketing. Increased amenities in the area has increased the neighborhood appeal. This pocket sits adjacent to Jefferson Park, West Adams, University village, and just south of Korea Town. Within a short 5-10 minute drive, tenants would enjoy shops, entertainment & quality dining options.

  • August, 2020

  • Aug 16, 2020

    Date

    Expired

    CRMLS: PW19194930

    $849,500

    Price

  • Aug 13, 2020

    Date

    Hold

    CRMLS: PW19194930

    $849,500

    Price

  • Apr 7, 2020

    Date

    Active Under Contract

    CRMLS: PW19194930

    $849,500

    Price

  • Dec 17, 2019

    Date

    Active

    CRMLS: PW19194930

    $849,500

    Price

  • Oct 15, 2019

    Date

    Pending

    CRMLS: PW19194930

    $849,500

    Price

  • Aug 21, 2019

    Date

    Active

    CRMLS: PW19194930

    $849,500

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Fourplex with 4 1BedRoom, 1 Bath; Owners spent $50 K to upgrade the property with new roofs, paints, and completely replaced with new windows, and kitchen in 2 units; these 2 Units recently remodeled are leased for $1,350.00 each, and other 2 Units on deferred maintenance, with long-time, month to month tenants, low rents at $550.00 each. Good potential when upgrade these 2 Units. Close to 10 FRWY and 110 FRWY; Walking distance from Bus-Stops, convenient for tenants, Specially USC students can do biking to school. DRIVE-BY ONLY; PLEASE DO NOT WALK ON THE PROPERTY. Thank you

  • October, 2014

  • Oct 9, 2014

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 2317 S Congress Ave

Assessed Value (2020): $494,517
Year Land Value Improved Value Assessed Value
2020 $384,625 $109,892 $494,517

Home Value Compared to the Market

This property vs the competition

2317 S Congress Ave sold on October 8, 2021 for 11.95% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $420.54 per/sqft which puts the price per square foot 44.23% lower than the current median sale per square foot for the city of Los Angeles.

About 2317 S Congress Ave

Detailed summary of property

2317 S Congress Ave is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,366 living square feet, and sits on an approximately 6,655 square foot lot. 2317 S Congress Ave was first listed on ArdentRealEstateGroup.com on August 19, 2021. The homeowner sold the property for $1,055,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.95% lower than the current median priced home. Local homes that are currently for sale include 1466 W 22nd St, 1492 W 35th Pl and 1719 W 35th St. While the average home in Los Angeles, CA is selling in 98 days, 2317 S Congress Ave has a days on market of 10 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 2317 S Congress Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2317 S Congress Ave

Public county record property details
Beds
4
Baths
4
Year built
1939
Sq. Ft.
2,366
Lot Size
6,654
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5058-022-006

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$684
Median Sold Price
$1,130,000
Median Sold Price/Sq.Ft.
$712
Total Inventory
56
Median Sale to List Price %
103.2%
Avg Days on Market
45
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (22.22%), 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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