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2418 S West View St, Los Angeles, CA 90016
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2418 S West View St Los Angeles, CA 90016

$3,950,000 Sold Price as of 11/10/2021
  • 24 Beds
  • 24 Baths
  • 10,869 Sq.Ft.
Sold
$3,950,000 Sold Price as of 11/10/2021 Refinance Your Mortgage
Map preview of 2418 S West View St, Los Angeles, CA 90016

Property Overview: 2418 S West View St Los Angeles, CA has 24 bedrooms, 24 bathrooms, 10,869 living square feet and 11,267 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Brand-new construction completed in 2020, with a whopping 6.27 CAP. The building is 100% Leased. Collect $24,995 monthly. Most likely the lowest cost per square foot and highest CAP in 90016. NON-rent control 6 units, all 3-story townhome-style units. All units have side-by-side 2 car garages. Water, gas and electricity are separately metered. Every unit has modern, stainless steel refrigerator, range, microwave, dishwasher and tank less water heater. The washer and dryer is included for occupants use. Each unit is over 1785 square feet, most with large balconies. Property is located in a cul de sac with large front and rear yards. Gated property with remote control access. You rarely find a building such as this with high income and low expenses. This is a prime property in a prime location near new construction on Adams, upcoming Whole Foods at Cumulus project, Culver City Arts district, metro rail, freeway and DTLA. Dont miss out, this opportunity checks all the boxes. Seller did the hard work so that you can reap the benefits.

Listed by Suminda Sellahewa | BRE #01155576 | Avarnka Real Estate, Inc.
Last checked: 5 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 243

Home details

Lot Sq. Ft
11,267
HOA Dues
$0/mo
Year built
2020
Garage
10 Car
Property Type:
Multi Family
Status
Sold
MLS#
21681310
City
Los Angeles
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,150
  • Total Rent: $4,150
  • Pro Forma/Market Rent: $4,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,150
  • Total Rent: $4,150
  • Pro Forma/Market Rent: $4,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,300
  • Total Rent: $4,300
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $3,995
  • Pro Forma/Market Rent: $3,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2418 S West View St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Two Masters, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Oven, Gas Oven
Interior Features
  • Levels: Three Or More
  • Window Features: Double Pane Windows
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Carport, Covered, Garage - Two Door
Lot Information
  • Lot Features: Landscaped, Utilities - Overhead
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Canyon, Park/Greenbelt
  • Total # of Units: 6
  • Parcel Number: 5049001051
  • Architectural Style: Contemporary
  • Foundation Details: Slab
  • Accessibility Features: None
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North of Adams
View more facts & features

Local Los Angeles Agent

Sale History for 2418 S West View St

Last sold for $3,950,000 on November 10th, 2021

  • September, 2021

  • Sep 30, 2021

    Date

    Leased

    CRMLS: 21786038

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    The building is approx 1 year old. Large 3 story townhouse style unit with 2 car garage. The unit comes with stainless steel refrigerator, stove, dish washer and microwave hood. Unit also has full size washer dryer inside the unit. Rooms are large with 1 master has his and hers vanity. Great open floor plan for entertainment. There is a private back yard with out door furniture. The property is with in close proximity to Culver City, there are many restaurants and freeway is nearby.

  • September, 2021

  • Sep 16, 2021

    Date

    Pending

    CRMLS: 21681310

    $3,829,000

    Price

  • May 24, 2021

    Date

    Active

    CRMLS: 21681310

    $3,829,000

    Price

  • May 22, 2021

    Date

    Active Under Contract

    CRMLS: 21681310

    $3,829,000

    Price

  • May 11, 2021

    Date

    Price Change

    CRMLS: 21681310

    $3,829,000

    Price

  • Apr 20, 2021

    Date

    Active

    CRMLS: 21681310

    $3,899,000

    Price

  • Apr 4, 2021

    Date

    Active Under Contract

    CRMLS: 21681310

    $3,899,000

    Price

  • Jan 16, 2021

    Date

    Active

    CRMLS: 21681310

    $3,899,000

    Price

  • January, 2021

  • Jan 13, 2021

    Date

    Expired

    CRMLS: 20618544

    $3,899,000

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: 20618544

    $3,899,000

    Price

  • Listing provided courtesy of CRMLS

    Brand-new construction completed in 2020, with a whopping 6.10 CAP. 5 units are currently leased. Most likely the lowest cost per square foot and highest CAP in 90016. NON-rent control 6 units, all 3-story townhome-style units. All units have side-by-side garages. Water, gas and electricity all separately metered. Every unit has modern, stainless steel refrigerator, range, microwave, dishwasher and tankless water heater. Each unit is over 1800 square feet, most with large balconies. Property is located in a cul de sac with large front and rear yards. Gated property with remote control access. You rarely find a building such as this with high income and low expenses. This is a prime property in a prime location near new construction on Adams, upcoming Whole Foods at Cumulus project, Culver City Arts district, metro rail, freeway and DTLA. Dont miss out, this opportunity checks all the boxes. Seller did the hard work you can reap the benefits.

  • December, 2017

  • Dec 18, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2017

  • Nov 19, 2017

    Date

    Expired

    CRMLS: 17254772

    $799,000

    Price

  • Jul 31, 2017

    Date

    Withdrawn

    CRMLS: 17254772

    $799,000

    Price

  • Jul 25, 2017

    Date

    Active

    CRMLS: 17254772

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    7/31/2017 SEE PRIVATE REMARKS THIS IS STILL AN ACTIVE LISTING. 3 bedroom plus 2 bathroom home that is being sold along with the vacant land next door, APN No: 5049-001-052, for one single price as a package deal. This opportunity could be perfect for a developer as there are already some multi-family dwellings on the street (Please check with the City). Vacant land next door is 6458 Sq Ft. Together both lots total approximately over 11,000 Sq Ft. This is a mature neighborhood that is experiencing phenomenal growth and redevelopment. Call Listing Agent for further information.

  • September, 2017

  • Sep 15, 2017

    Date

    Sold

    CRMLS: 17256472

    $599,000

    Price

  • Sep 11, 2017

    Date

    Active Under Contract

    CRMLS: 17256472

    $599,000

    Price

  • Jul 31, 2017

    Date

    Active

    CRMLS: 17256472

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    3 bedroom plus 2 bathroom home that is being sold along with the vacant land next door as a package deal, MLS# 17-256490, the price for this is $199,000. Home is free flowing with a large living room leading to a formal dining area and 2 good size bedrooms, spacious master bedroom with it's own bathroom. The neighborhood is mature and is experiencing phenomenal growth and redevelopment. Together with vacant land next door lot size is approximately over 11,000 sq ft, which could be ideal for a developer looking to build some multi family dwellings. So many possibilities with this property. Do not hesitate to show and submit an offer. See Private Remarks for showing instructions.

Show More

Tax History for 2418 S West View St

Assessed Value (2020): $1,848,936
Year Land Value Improved Value Assessed Value
2020 $641,926 $1,207,010 $1,848,936

Home Value Compared to the Market

This property vs the competition

2418 S West View St sold on November 10, 2021 for 241.88% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $352.29 per/sqft which puts the price per square foot 51.34% lower than the current median sale per square foot for the city of Los Angeles.

About 2418 S West View St

Detailed summary of property

2418 S West View St is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 24 bedrooms, 24 bathrooms, roughly 10,869 living square feet, and sits on an approximately 11,267 square foot lot. 2418 S West View St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $3,950,000. 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 241.88% higher than the current median priced home. Local homes that are currently for sale include 1929 Arlington Ave, 4227 Leimert Boulevard and 1819 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 106 days, 2418 S West View St has a days on market of 243 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 2418 S West View St Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2418 S West View St

Public county record property details
Beds
25
Baths
25
Year built
--
Sq. Ft.
11,584
Lot Size
4,809
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
196
APN
5049-001-051

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
80
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

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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