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2325 Laverna Ave, Los Angeles, CA 90041
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2325 Laverna Ave Los Angeles, CA 90041

$1,266,525 Sold Price as of 06/23/2021
  • 4 Beds
  • 4 Baths
  • 2,000 Sq.Ft.
Sold
$1,266,525 Sold Price as of 06/23/2021 Refinance Your Mortgage
Map preview of 2325 Laverna Ave, Los Angeles, CA 90041

Property Overview: 2325 Laverna Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,000 living square feet and 7,204 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property was Ellis Act on Feb 2020 to be converted as T.I.C. units. 4-unit property located in a great residential area of Eagle Rock within short distance to restaurants, cafes and shops on Colorado Blvd. Completely detached 1bd-1ba 500 sqft Spanish style houses (no common wall). 4 x 1-car garage at the back of the driveway currently used as storage (plenty of parking in the street). Perfectly maintained (recent roof foam insulation, new windows, EQ retrofitted, new driveway) and manicured landscape. One unit is vacant and being remodeled (expected to be completed by May 10th). Another unit will become vacant and ready for renovation by mid-May. The 2 other units are still occupied by current tenants paying $1400 & $1900/mo + 1 garage separately rented for $200/mo. One of these occupied units was remodeled in 2018 (see photos). Ellis Act fees and Tenant relocation assistances already taken care of. Complete the renovation and expect to sell each house as T.I.C unit for $440k-$470k. This property could also be a great opportunity for owner & his extended family occupying all units. Located within the acclaimed Eagle Rock school district and less than a mile from Occidental College. No sign on property. Do not disturb tenants or walk on property.

Listed by Cyril Saelens | BRE #02037404 | Keller Williams Realty Los Feliz
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,204
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21721416
City
Los Angeles
County
Los Angeles
Time on Site
1147 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $5,570
  • Pro Forma/Market Rent: $8,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.43
  • Gross Scheduled Income: --
  • Net Operating Income: $46,582
  • Gross Operating Income: $66,840
  • # of Rented Garages: 4
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2325 Laverna Ave

Interior Features
Heating Information
  • Has Heating
  • Heat Pump
Laundry Information
  • Has Laundry
  • Stackable
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Cooktop, Oven
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5685013011
  • Architectural Style: Bungalow
  • Foundation Details: Raised
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: 2 blocks West of Eagle Rock Blvd. 5 blocks South of Colorado Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 2325 Laverna Ave

Last sold for $1,266,525 on June 23rd, 2021

  • June, 2021

  • Jun 23, 2021

    Date

    Sold

    CRMLS: 21721416

    $1,266,525

    Price

  • May 3, 2021

    Date

    Pending

    CRMLS: 21721416

    $1,299,000

    Price

  • Apr 20, 2021

    Date

    Active

    CRMLS: 21721416

    $1,299,000

    Price

  • December, 2019

  • Dec 16, 2019

    Date

    Canceled

    CRMLS: 19530008

    $1,275,000

    Price

  • Dec 11, 2019

    Date

    Active

    CRMLS: 19530008

    $1,275,000

    Price

  • Dec 5, 2019

    Date

    Hold

    CRMLS: 19530008

    $1,275,000

    Price

  • Nov 16, 2019

    Date

    Active

    CRMLS: 19530008

    $1,275,000

    Price

  • Listing provided courtesy of CRMLS

    Fourplex located in a residential area of Eagle Rock within walking distance to restaurants, cafes and shops on Colorado Blvd and 2 blocks from Sprouts. 4 standalone 1bd-1ba Spanish houses (no common wall) with 500 sqft and each with washer & dryer. 4 detached 1-car garage at the back of the driveway currently used as storage (plenty of parking in the street). 3 of the units have long term month-to-month tenants. 1 unit is on a yearly lease until Feb 2020 (with rent set to increase to $1925). 1 garage is separately rented for $200/mo. Potential for value added with 2 units rents way below market. Perfectly maintained (recent roof foam insulation, new windows, EQ retrofitted, new driveway) and manicured landscape, this trophy property requires minimum maintenance and makes an attractive long-term investment. Located within the acclaimed Eagle Rock school district and less than a mile from Occidental College. No sign on property. Do not disturb tenants or walk on property.

  • May, 2019

  • May 13, 2019

    Date

    Sold

    CRMLS: OC19066947

    $1,125,000

    Price

  • Mar 27, 2019

    Date

    Active

    CRMLS: OC19066947

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    NAI Capital Inc with broker Nate Riso, as the exclusive listing agent, is pleased to offer this 4 unit turn key apartment building. This pride of ownership property is located in Los Angeles, California’s Eagle Rock neighborhood. The property features 4-units all with 1 Bed / 1 Bath, detached free standing style apartment homes. The tenants enjoy separate outdoor sitting areas, on-site parking, and beautiful views of the Eagle Rock community. Property was completely renovated/upgraded inside and out in 2008. The upside in Cash Flow is over $30K. Property tour and unit inspections to all brokers and principals who submit offers. Tour will be on Saturday April 13, 2019. I will notify those that submit offers of the time. HIGHLIGHTS > Fully Renovated interior and exterior along with new driveways > Upside In rents ($30K upside in cash flow) > In unit Washer and Dryer (side by side) > 4 Single Garages (only 1 collects rent) > Pride of Ownership > Future Development site

  • May, 2019

  • May 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,125,000

    Price

  • May, 2019

  • May 8, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2325 Laverna Ave

Assessed Value (2020): $1,147,500
Year Land Value Improved Value Assessed Value
2020 $739,500 $408,000 $1,147,500

Home Value Compared to the Market

This property vs the competition

2325 Laverna Ave sold on June 23, 2021 for 1.96% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $649.5 per/sqft which puts the price per square foot 17.89% lower than the current median sale per square foot for the city of Los Angeles.

About 2325 Laverna Ave

Detailed summary of property

2325 Laverna Ave is a multi family that recently sold in Los Angeles, CA 90041. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,000 living square feet, and sits on an approximately 7,204 square foot lot. 2325 Laverna Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,266,525. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1.96% higher than the current median priced home. Local homes that are currently for sale include 2916 Marsh St, 5621 Carlota Blvd and 5745 Arroyo Dr. While the average home in Los Angeles, CA is selling in 100 days, 2325 Laverna Ave has a days on market of 12 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 2325 Laverna Ave Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2325 Laverna Ave

Public county record property details
Beds
4
Baths
4
Year built
1924
Sq. Ft.
2,000
Lot Size
7,204
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
33
APN
5685-013-011

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$838
Median Sold Price
$1,875,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
44
Median Sale to List Price %
107.14%
Avg Days on Market
21
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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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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