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2422 Johnston St, Los Angeles, CA 90031
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2422 Johnston St Los Angeles, CA 90031

$2,100,000 Sold Price as of 07/18/2023
  • 14 Beds
  • 9 Baths
  • 6,246 Sq.Ft.
Sold
$2,100,000 Sold Price as of 07/18/2023 Refinance Your Mortgage
Map preview of 2422 Johnston St, Los Angeles, CA 90031

Property Overview: 2422 Johnston St Los Angeles, CA has 14 bedrooms, 9 bathrooms, 6,246 living square feet and 9,915 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2422 Johnston St is a 9-Unit apartment building built in 1986 located east of Griffin Avenue and north of Broadway. There are five 2-bedroom units and four 1-bedroom units, with parking for each unit in the back.

Listed by SHIRLEY TAM | BRE #01965099 | VASTREE REAL ESTATE
Last checked: 14 minutes ago | Last updated: July 20th, 2023 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
9,915
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
WS23056446
City
Los Angeles
County
Los Angeles
Time on Site
394 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,360
  • Total Rent: $16,320
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,405
  • Total Rent: $16,860
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,315
  • Total Rent: $15,780
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,405
  • Total Rent: $16,860
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,420
  • Total Rent: $17,040
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $17,400
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,070
  • Total Rent: $12,840
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,525
  • Total Rent: $18,300
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $148,560
  • Net Operating Income: $82,256
  • Gross Operating Income: --
  • Laundry Income: $900
Annual Expense Breakdown
  • Total Operating Expense: $61,848
  • Electric: $1,575
  • Licenses: $500
  • New Taxes: $23,019
  • Trash: $4,877
  • Insurance: $4,060
  • Maintenance: $6,300
  • Professional Management: $7,205
  • Water/Sewer: $8,600

Property Details for 2422 Johnston St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Covered, Tandem Uncovered, Uncovered
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 5208003010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of Griffin Avenue and North of Broadway
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2422 Johnston St

Last sold for $2,100,000 on July 18th, 2023

  • July, 2023

  • Jul 18, 2023

    Date

    Sold

    CRMLS: WS23056446

    $2,100,000

    Price

  • Apr 11, 2023

    Date

    Active

    CRMLS: WS23056446

    $2,250,000

    Price

  • August, 2021

  • Aug 1, 2021

    Date

    Expired

    CRMLS: WS21068800

    $2,000,000

    Price

  • Apr 2, 2021

    Date

    Active

    CRMLS: WS21068800

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    Ideal Property and Realty Inc., proudly presents a 9-unit Multi-Family in Lincoln Heights! A Five (2) Bedroom unit, Four (1) Bedroom complex!

  • December, 2020

  • Dec 24, 2020

    Date

    Expired

    CRMLS: 20652362

    $1,995,000

    Price

  • Oct 27, 2020

    Date

    Active

    CRMLS: 20652362

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    2422 Johnston St is a 9-unit apartment building built in 1986 located right off N Broadway and Johnston St steps away from various restaurants, eateries, and retailers. There are 5 Two Bedroom units and 4 One Bedroom units with parking for each unit in the back. This opportunity offers investors 55% upside in rents and allowable CA rental increases of 5% + CPI. Apart from the large upside in the rents, the area will continue to rapidly gentrify as retailers and businesses continue to flock to Lincoln Heights, which will lead to future rent growth and steady appreciation

Show More

Tax History for 2422 Johnston St

Assessed Value (2020): $907,395
Year Land Value Improved Value Assessed Value
2020 $232,765 $674,630 $907,395

Home Value Compared to the Market

This property vs the competition

2422 Johnston St sold on July 18, 2023 for 89.08% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $360.23 per/sqft which puts the price per square foot 52.29% lower than the current median sale per square foot for the city of Los Angeles.

About 2422 Johnston St

Detailed summary of property

2422 Johnston St is a mixed use that recently sold in Los Angeles, CA 90031. This mixed use property offered 14 bedrooms, 9 bathrooms, roughly 6,246 living square feet, and sits on an approximately 9,915 square foot lot. 2422 Johnston St was first listed on ArdentRealEstateGroup.com on April 11, 2023. The homeowner sold the property for $2,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 89.08% higher than the current median priced home. Local homes that are currently for sale include 8282 W 4th St, 2016 S Bedford St and 2503 Santa Fe Ave. While the average home in Los Angeles, CA is selling in 93 days, 2422 Johnston St has a days on market of 30 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 2422 Johnston St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2422 Johnston St

Public county record property details
Beds
2
Baths
1
Year built
1986
Sq. Ft.
6,246
Lot Size
9,914
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5208-003-010

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$840,000
Median List Price/Sq.Ft.
$661
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
34
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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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