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2323 Wall St, Los Angeles, CA 90011
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2323 Wall St Los Angeles, CA 90011

$1,200,000
  • 11 Beds
  • 5 Baths
  • 4,530 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified
Map preview of 2323 Wall St, Los Angeles, CA 90011

Property Overview: 2323 Wall St Los Angeles, CA has 11 bedrooms, 5 bathrooms, 4,530 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer for sale a five-unit apartment community located at 2323 Wall Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 7,500 square foot parcel, the property is comprised of two-bedroom and three-bedroom units (buyer to verify unit configuration). There is 25% rental upside through interior renovations. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 2323 Wall Street an excellent acquisition opportunity. ***BUYER TO VERIFY UNIT CONFIGURATION***

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 162
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Home details

Lot Sq. Ft
7,502
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23337483
City
Los Angeles
County
Los Angeles
Time on Site
163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,404
  • Total Rent: $1,404
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,714
  • Total Rent: $1,714
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,462
  • Total Rent: $1,462
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.11%
  • Gross Rent Multiplier: 10.07
  • Gross Scheduled Income: --
  • Net Operating Income: $73,355
  • Gross Operating Income: $115,585
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2323 Wall St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5127013025
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Maple Avenue and South of Washington Boulevard.
View more facts & features

Local Los Angeles Agent

Sale History for 2323 Wall St

Last sold on November 1st, 2007

  • December, 2023

  • Dec 5, 2023

    Date

    Active

    CRMLS: 23337483

    $1,325,000

    Price

  • November, 2007

  • Nov 1, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2005

  • Jan 21, 2005

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

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Tax History for 2323 Wall St

Assessed Value (2020): $754,247
Year Land Value Improved Value Assessed Value
2020 $360,308 $393,939 $754,247

Home Value Compared to the Market

This property vs the competition

2323 Wall St is listed 3.92% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $264.9 per/sqft which puts the price per square foot 65.78% lower than the median price per square foot for the city of Los Angeles.

About 2323 Wall St

Detailed summary of property

2323 Wall St is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 11 bedrooms, 5 bathrooms, roughly 4,530 living square feet, and sits on an approximately 7,502 square foot lot. 2323 Wall St was first listed on ArdentRealEstateGroup.com on December 6, 2023. The homeowner is currently asking $1,200,000 and was originally asking $1,325,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 3.92% lower than the median priced home. Local competing homes currently for sale include 4355 S Avalon Blvd, 232 W 40th Pl and 1703 Toberman St. While the average home in Los Angeles, CA is selling in 94 days, 2323 Wall St has a days on market of 162 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2323 Wall St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2323 Wall St

Public county record property details
Beds
6
Baths
5
Year built
1903
Sq. Ft.
4,530
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5127-013-025

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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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