2404 5Th Ave, Los Angeles, CA 90018
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2404 5Th Ave Los Angeles, CA 90018

$1,895,000
  • 12 Beds
  • 6 Baths
  • 6,800 Sq.Ft.
For Sale
$1,895,000 Get Pre-Qualified

Map preview of 2404 5Th Ave, Los Angeles, CA 90018

Property Overview: 2404 5Th Ave Los Angeles, CA has 12 bedrooms, 6 bathrooms, 6,800 living square feet and 6,537 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: Exceptional Investment Opportunity in Historic West Adams, Los Angeles Discover the epitome of historic charm meets modern living with this exquisite fourplex, nestled in the heart of the vibrant and sought-after West Adams neighborhood. Built in the resplendent era of 1923, this property carries a legacy filled with the ambiance of old Hollywood, ensuring the preservation of its timeless allure amidst a neighborhood where each corner resonates with history. Unit Details:The meticulously refurbished building houses four remarkable units, ensuring a blend of comfort and style. On the lower level, find two captivating 2-bedroom, 1-bath units, while the upper level unveils two generously spaced 4-bedroom, 2-bath units spread across two delightful levels. Each unit has undergone thoughtful upgrades, including new electrical and plumbing installations, coupled with tastefully renovated kitchens and bathrooms that blend seamlessly with the property's historic charm. Unique Features:An extraordinary feature of this property lies in its professional recording studio, born from the transformation of a 4-car garage. Outfitted with a live room and control room, the studio boasts sound isolation on the walls and the potential option of acquiring additional equipment and sound treatment, subject to negotiation. This space resonates with potential and versatility, ready to echo with the creative rhythms of its new owner. Outdoor Spaces:Embrace the Californian sunshine in the property's enchanting outdoor spaces. The front welcomes with a lush grassy expanse, while the private backyard reveals a charming sitting area adorned with stylish triangle-shaped shades, creating a serene oasis reserved exclusively for the owner's enjoyment. Local Amenities:Positioned amidst the flourishing scenes of West Adams Blvd, the location is a treasure trove of new high-end restaurants and chic spots that embody the resurgence of the area. With the convenience of bus stops nearby and ample street parking, accessibility is effortlessly intertwined with the property's abundant offerings. Neighborhood Appeal:Embark on a journey through time as you stroll through the beautiful historic neighborhood, safeguarded against the encroachment of large modern developments. Revel in an environment where the 1920s ambiance is lovingly preserved, ensuring the everlasting charm of a bygone era.Unlock the doors to a spectacular investment opportunity that blends substantial returns with a legacy of style and historic elegance. A rare find, this West Adams gem is a canvas of potential, awaiting the inspired vision of its new owner.

Listed by Jack Bitton | BRE #01309397 | Power Brokers
Last checked: 6 minutes ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 29
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Home details

Lot Sq. Ft
6,537
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24374771
City
Los Angeles
County
Los Angeles
Time on Site
37 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,825
  • Total Rent: $3,825
  • Pro Forma/Market Rent: $4,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.1%
  • Gross Rent Multiplier: 10.04
  • Gross Scheduled Income: --
  • Net Operating Income: $153,540
  • Gross Operating Income: $188,640
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $164
  • New Taxes: $1,900
  • Trash: $100
  • Gardener: $90
  • Insurance: $126
  • Maintenance: $300
  • Water/Sewer: $245

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Property Details for 2404 5Th Ave

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Tile
  • Formal Entry, Sound Studio
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5059022015
  • Architectural Style: Craftsman
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Adams. South of 10 just East of Crenshaw
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Sale History for 2404 5Th Ave

Last sold for $625,000 on October 22nd, 2004
  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: 24374771

    $1,895,000

    Price

  • March, 2024

  • Mar 31, 2024

    Date

    Expired

    CRMLS: 23322707

    $1,999,950

    Price

  • Oct 23, 2023

    Date

    Active

    CRMLS: 23322707

    $1,999,950

    Price

  • Listing provided courtesy of CRMLS

  • October, 2004

  • Oct 22, 2004

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • October, 2004

  • Oct 5, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2404 5Th Ave

Assessed Value (2020): $796,584
Year Land Value Improved Value Assessed Value
2020 $509,817 $286,767 $796,584

Home Value Compared to the Market

This property vs the competition

2404 5Th Ave is listed 53.44% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $278.68 per/sqft which puts the price per square foot 64% lower than the median price per square foot for the city of Los Angeles.

About 2404 5Th Ave

Detailed summary of property

2404 5Th Ave is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 12 bedrooms, 6 bathrooms, roughly 6,800 living square feet, and sits on an approximately 6,537 square foot lot. 2404 5Th Ave was first listed on ArdentRealEstateGroup.com on April 2, 2024. The homeowner is currently asking $1,895,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 53.44% higher than the median priced home. Local competing homes currently for sale include 1409 Arlington Ave, 2818 S Bronson Ave and 2085 W 29th Pl. While the average home in Los Angeles, CA is selling in 94 days, 2404 5Th Ave has a days on market of 29 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2404 5Th Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2404 5Th Ave

Public county record property details
Beds
4
Baths
4
Year built
1923
Sq. Ft.
4,636
Lot Size
6,504
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5059-022-015

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
51
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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.