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233 Rosemont Ave, Los Angeles, CA 90026
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233 Rosemont Ave Los Angeles, CA 90026

$3,100,000 Sold Price as of 01/31/2020
  • 12 Beds
  • 16 Baths
  • -- Sq.Ft.
Sold
$3,100,000 Sold Price as of 01/31/2020 Refinance Your Mortgage
Map preview of 233 Rosemont Ave, Los Angeles, CA 90026

Property Overview: 233 Rosemont Ave Los Angeles, CA has 12 bedrooms, 16 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 233 Rosemont Ave, a 14-unit true value-add opportunity with 3 vacant units, allowing the incoming owner to achieve market rents immediately after improvements. Located in the Historic Filipinotown submarket of Northeast Los Angeles, the property is positioned to take advantage directly from the path of high-quality developments of surrounding primary markets from private developers and City mandates. The building also falls within the newly-proposed "Westlake Design District", set to create beautification ordinances for the restaurant and retail corridors surrounding all four sides of the neighborhood. The amount of concrete interest and movement within the area has created opportunities for new concepts to merge with the historic elements, thereby positioning this submarket for a bright future. The building also includes remote access parking for each unit, an under-utilized laundry room, and boasts a walk score of 86.

Listed by Tadeh Minnassian | BRE #01960390 | Marcus & Millichap
Co-listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19516524
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,284
  • Total Rent: $10,268
  • Pro Forma/Market Rent: $10,268
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $766
  • Total Rent: $3,064
  • Pro Forma/Market Rent: $3,064
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,141
  • Total Rent: $4,282
  • Pro Forma/Market Rent: $4,282
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.61
  • Gross Scheduled Income: --
  • Net Operating Income: $118,855
  • Gross Operating Income: $211,368
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 233 Rosemont Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Controlled Entrance, Covered
Property Information
  • Total # of Units: 14
  • Parcel Number: 5157012020
Location / Neighborhood
Location Information
  • Directions: South of Temple, North of Beverly, West of Alvarado, East of Rampart
View more facts & features

Local Los Angeles Agent

Sale History for 233 Rosemont Ave

Last sold for $3,100,000 on January 31st, 2020

  • February, 2020

  • Feb 3, 2020

    Date

    Price Change

    CRMLS: 19516524

    $3,100,000

    Price

  • Dec 20, 2019

    Date

    Pending

    CRMLS: 19516524

    $3,299,900

    Price

  • Nov 14, 2019

    Date

    Active Under Contract

    CRMLS: 19516524

    $3,299,900

    Price

  • Oct 24, 2019

    Date

    Active

    CRMLS: 19516524

    $3,299,900

    Price

  • January, 2020

  • Jan 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,100,000

    Price

Show More

Tax History for 233 Rosemont Ave

Assessed Value (2020): $543,851
Year Land Value Improved Value Assessed Value
2020 $140,679 $403,172 $543,851

Home Value Compared to the Market

This property vs the competition

233 Rosemont Ave sold on January 31, 2020 for 176.79% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 233 Rosemont Ave

Detailed summary of property

233 Rosemont Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 12 bedrooms, 16 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 233 Rosemont Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,100,000. 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 176.79% higher than the current median priced home. Local homes that are currently for sale include 639 Robinson St, 211 S Hoover St and 411 Witmer St. While the average home in Los Angeles, CA is selling in 106 days, 233 Rosemont Ave has a days on market of 21 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 233 Rosemont Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 233 Rosemont Ave

Public county record property details
Beds
16
Baths
16
Year built
1965
Sq. Ft.
9,206
Lot Size
7,992
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5157-012-020

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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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