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2319 Griffith Park Blvd, Los Angeles, CA 90039
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2319 Griffith Park Blvd Los Angeles, CA 90039

$1,046,000 Sold Price as of 05/10/2022
  • 4 Beds
  • 3 Baths
  • 1,567 Sq.Ft.
Sold
$1,046,000 Sold Price as of 05/10/2022 Refinance Your Mortgage
Map preview of 2319 Griffith Park Blvd, Los Angeles, CA 90039

Property Overview: 2319 Griffith Park Blvd Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,567 living square feet and 5,756 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare value-add opportunity to own a multi-unit income property in coveted Silver Lake for under $1M! Excellent opportunity for an investor as the property offers the potential to add up to an estimated 14 units with density bonus (buyer to do their own due diligence). This triplex is nestled between Griffith Park Blvd and Hyperion Ave and is a short distance to Trader Joe's, Gelson's, Silver Lake Farmer's Market, Barbrix, Hyperion Public, Tomato Pie, and many other shops, restaurants, bars and cafes. The property consists of two structures. The front building off of Griffith Park Blvd consists of two 1 bd/1ba units. The unit off of Hyperion Ave is a separate stand alone 2bd/1ba bungalow. The two buildings have a common area between the buildings that can park 4 cars.

Listed by Will Tiao | BRE #01918965 | The Collective Realty
Last checked: 13 minutes ago | Last updated: May 11th, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,756
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22137377
City
Los Angeles
County
Los Angeles
Time on Site
893 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,558
  • Total Rent: $1,558
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,463
  • Total Rent: $1,463
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.16
  • Gross Scheduled Income: --
  • Net Operating Income: $37,663
  • Gross Operating Income: $50,328
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $7,212
  • Insurance: $4,200
  • Maintenance: $5,126
  • Water/Sewer: $599

Property Details for 2319 Griffith Park Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 5432003015
Location / Neighborhood
Location Information
  • Directions: 5 freeway, south on Hyperion to Griffith Park Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2319 Griffith Park Blvd

Last sold for $1,046,000 on May 10th, 2022

  • May, 2022

  • May 10, 2022

    Date

    Sold

    CRMLS: 22137377

    $1,046,000

    Price

  • Mar 17, 2022

    Date

    Active

    CRMLS: 22137377

    $995,000

    Price

  • September, 2021

  • Sep 2, 2021

    Date

    Active

    CRMLS: 21778992

    $1,475,000

    Price

  • Listing provided courtesy of CRMLS

    SILVER LAKE SWEET SPOT! The location of this bungalow style triplex is what investors dream of adding to portfolios. Walk to Gelson's or Trader Joes, shops, restaurants, bars and the famous Silver Lake Farmer's Market. The street to street property starts at Griffith Park Blvd and ends at Hyperion Ave. The front building at Griffith Park Blvd is comprised of the 1 bd/1ba units that share a wall. The back unit at Hyperion stands alone and has a small yard space in front and back. Common space between the buildings is paved and can park three cars. Great potential is here for a savvy and creative investor to possibly build up to 11 units with bonus density. Buyers and agents should conduct their own due diligence on all characteristics expressed or implied. DO NOT DISTURB TENANTS. DO NOT WALK ONTO THE PROPERTY.

  • April, 2018

  • Apr 2, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2002

  • Mar 15, 2002

    Date

    Sold (Public Records)

    Public Records

    $69,090

    Price

Show More

Tax History for 2319 Griffith Park Blvd

Assessed Value (2020): $506,535
Year Land Value Improved Value Assessed Value
2020 $355,254 $151,281 $506,535

Home Value Compared to the Market

This property vs the competition

2319 Griffith Park Blvd sold on May 10, 2022 for 11.16% lower 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 $634.97 per/sqft which puts the price per square foot 12.3% lower than the current median sale per square foot for the city of Los Angeles.

About 2319 Griffith Park Blvd

Detailed summary of property

2319 Griffith Park Blvd is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,567 living square feet, and sits on an approximately 5,756 square foot lot. 2319 Griffith Park Blvd was first listed on ArdentRealEstateGroup.com on April 19, 2022. The homeowner sold the property for $1,046,000. 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 11.16% lower than the current median priced home. Local homes that are currently for sale include 1211 N Normandie Ave, 2849 Council St and 200 N Reno St. While the average home in Los Angeles, CA is selling in 106 days, 2319 Griffith Park Blvd has a days on market of 15 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 2319 Griffith Park Blvd 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 2319 Griffith Park Blvd

Public county record property details
Beds
4
Baths
3
Year built
1920
Sq. Ft.
1,567
Lot Size
5,755
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5432-003-015

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
$1,688,880
Median List Price/Sq.Ft.
$918
Median Sold Price
$1,059,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
60
Median Sale to List Price %
96.36%
Avg Days on Market
19
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (30.77%)

Thinking of Selling?

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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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