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240 W 101St St, Los Angeles, CA 90003
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240 W 101St St Los Angeles, CA 90003

$715,000 Sold Price as of 03/25/2022
  • 5 Beds
  • 5 Baths
  • 2,472 Sq.Ft.
Sold
$715,000 Sold Price as of 03/25/2022 Refinance Your Mortgage
Map preview of 240 W 101St St, Los Angeles, CA 90003

Property Overview: 240 W 101St St Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,472 living square feet and 6,320 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **Great Investment Opportunity** 5 apartment units. 1 bed, 1 bath each. 5 off-street parking spaces (3 garages, 2 uncovered but gated). All 5 units are permitted and have their own water, gas, and electric meter. Current 5.33% CAP. RD1.5 zoning. Corner lot. Centrally located, close to shops, hospitals, schools, LAX, SoFi Stadium, Hollywood Park Casino, The Forum, the future Clippers Intuit Dome, and the beach. Minutes away from the 110 and 105 freeways and major public transportation hubs such as the LA Metro C & J Line Stations (Green & Silver). Property is being sold as-is and with tenants in place. Needs TLC. Tenants rent on a month-to-month basis.

Listed by Braulio Hoyos | BRE #02110506 | eXp Realty of California Inc
Last checked: 15 minutes ago | Last updated: March 26th, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
6,320
HOA Dues
$0/mo
Year built
1952
Garage
3 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SB22021732
City
Los Angeles
County
Los Angeles
Time on Site
810 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $942
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $942
  • Total Rent: $942
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,022
  • Total Rent: $1,022
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.33%
  • Gross Rent Multiplier: 13.61
  • Gross Scheduled Income: $59,052
  • Net Operating Income: $34,643
  • Gross Operating Income: $47,748
  • Vacancy Allowance: $0
  • # of Rented Garages: 2
  • Garage Rental Rate: $20
  • Garage Rental Income: $40
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $13,105
  • New Taxes: $8,905
  • Trash: $0
  • Insurance: $1,200
  • Professional Management: $0
  • Water/Sewer: $3,000

Property Details for 240 W 101St St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down, Walk-In Closet
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned, Converted Garage, Covered, Garage, Garage Faces Side, Gated, Off Street
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 6053025008
  • Year Built Source: Public Records
  • Property is Attached
  • Property Condition: Fixer, Repairs Cosmetic, Repairs Major
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Corner of S. Broadway and W. 101st Street
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 240 W 101St St

Last sold for $715,000 on March 25th, 2022

  • March, 2022

  • Mar 25, 2022

    Date

    Sold

    CRMLS: SB22021732

    $715,000

    Price

  • Feb 10, 2022

    Date

    Active

    CRMLS: SB22021732

    $650,000

    Price

  • December, 2019

  • Dec 26, 2019

    Date

    Expired

    CRMLS: SR19098992

    $579,900

    Price

  • May 9, 2019

    Date

    Withdrawn

    CRMLS: SR19098992

    $579,900

    Price

  • May 9, 2019

    Date

    Active

    CRMLS: SR19098992

    $579,900

    Price

  • May 3, 2019

    Date

    Hold

    CRMLS: SR19098992

    $579,900

    Price

  • Apr 30, 2019

    Date

    Active

    CRMLS: SR19098992

    $579,900

    Price

  • Listing provided courtesy of CRMLS

    This 2,472 square ft property is a 5 Unit multi-family property sitting on a 6,319 square ft corner lot featuring 5 bedrooms and 5 bathrooms with steady tenants - all units currently occupied. This property can be a great investment opportunity and can be converted into a potential development in the future; built in 1952. Nearby schools include Sheenway School & Culture Center, Charles W. Barrett Elementary School and Watts Learning Center. Many upgrades have been done in the past that include new windows, separate electrical meters, new roof amongst other improvements made. Units are in good condition and are 1 bedroom and 1 bath each. Property includes 2 addresses; 240 W 101st st and 10100 Broadway St. Standard Sale.

  • January, 2019

  • Jan 7, 2019

    Date

    Price Change

    CRMLS: Y67894

    $690,000

    Price

  • Listing provided courtesy of CRMLS

    5 Units on a lot. 2 units have been completely remodeled. All units consist of 1 bedroom and 1 bathroom. 3 Car Garage and 2 Parking Spaces. New Composition Shingle Roof. 2 Units are Vacant and 3 Units are occupied.

  • March, 2018

  • Mar 31, 2018

    Date

    Expired

    CRMLS: RS17222494

    $565,000

    Price

  • Sep 27, 2017

    Date

    Active

    CRMLS: RS17222494

    $565,000

    Price

  • Listing provided courtesy of CRMLS

    (((((Great Deal))))) 5 units all Well kept... All 1bds 1bth each Go direct!!! Preview from the outside only! Tenants Pay all Utilities Except water...

  • September, 2013

  • Sep 23, 2013

    Date

    Canceled

    CRMLS: 12178923

    $480,000

    Price

  • Aug 17, 2013

    Date

    Active

    CRMLS: 12178923

    $480,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTMENT OPPORTUNITY ON THIS LOVELY INCOME PROPERTY 5 UNIT COMPLEX. GATED. CORNER PROPERTY NICE FOR POSSIBLE DEVELOPMENT.AREA IS CENTRAL AND CLOSE TO EVERYTHING. ALL UNITS ARE IN GOOD CONDITION. THE UNITS ARE 1 BEDROOM AND 1 BATHROOM. GOOD AND SEMI PRIVATE YARDS. MUST SEE TO APPRECIATE.

  • March, 2006

  • Mar 6, 2006

    Date

    Sold (Public Records)

    Public Records

    $503,000

    Price

  • March, 2005

  • Mar 25, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 240 W 101St St

Assessed Value (2020): $628,523
Year Land Value Improved Value Assessed Value
2020 $462,335 $166,188 $628,523

Home Value Compared to the Market

This property vs the competition

240 W 101St St sold on March 25, 2022 for 38.1% lower than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $262.94 per/sqft which puts the price per square foot 64.37% lower than the current median sale per square foot for the city of Los Angeles.

About 240 W 101St St

Detailed summary of property

240 W 101St St is a mixed use that recently sold in Los Angeles, CA 90003. This mixed use property offered 5 bedrooms, 5 bathrooms, roughly 2,472 living square feet, and sits on an approximately 6,320 square foot lot. 240 W 101St St was first listed on ArdentRealEstateGroup.com on February 11, 2022. The homeowner sold the property for $715,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 38.1% lower than the current median priced home. Local homes that are currently for sale include 5718 E Beverly Blvd, 5353 Huntington Dr and 619 Cedar Ave. While the average home in Los Angeles, CA is selling in 96 days, 240 W 101St St has a days on market of 4 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 240 W 101St St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 240 W 101St St

Public county record property details
Beds
4
Baths
6
Year built
1952
Sq. Ft.
2,472
Lot Size
6,319
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
69
APN
6053-025-008

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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