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2459 Hidalgo Ave, Los Angeles, CA 90039
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2459 Hidalgo Ave Los Angeles, CA 90039

$1,154,000 Sold Price as of 08/11/2023
  • 6 Beds
  • 5 Baths
  • 3,968 Sq.Ft.
Sold
$1,154,000 Sold Price as of 08/11/2023 Refinance Your Mortgage
Map preview of 2459 Hidalgo Ave, Los Angeles, CA 90039

Property Overview: 2459 Hidalgo Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,968 living square feet and 5,193 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Situated on a quiet cul-de-sac adjacent to single-family residences that have recently sold for $2,000,000, the hillside property offers dramatic views of the famous Silver Lake Reservoir. A new owner can capitalize on both the 53% rent upside on existing rents as well as the potential to complete permits for the already constructed studio ADU. All units include in-unit washer/dryers, while select units also feature wood flooring, decorative tile backsplashes, remodeled bathrooms, new kitchen cabinets, new ceiling fans, and upgraded lighting. The building also offers garage parking for four vehicles. The foundation was bolted in 2017 and a new sewer line was added in 2018, to help reduce future insurance and maintenance expenses. Located just blocks from the Silver Lake Reservoir, Silver Lake Meadows, and Ivanhoe Reservoir, the property allows tenants convenient access to an array of top-notch outdoor amenities. Whole Foods, Constellation Coffee, Gingergrass, Silver Lake Wine, and Starbucks are all within a few blocks as well. Beyond the Silver Lake border are the neighborhoods of Echo Park, Frogtown, Highland Park, Los Feliz, and Hollywood, each offering a unique blend of shopping and dining destinations. * The three-bedroom townhouse unit currently operates as a separate upstairs two-bedroom apartment and a downstairs studio apartment. Income for the three-bedroom townhouse includes the combined total of these two units for the purpose of this underwriting.

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 95

Home details

Lot Sq. Ft
5,193
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23251705
City
Los Angeles
County
Los Angeles
Time on Site
553 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,245
  • Total Rent: $3,736
  • Pro Forma/Market Rent: $8,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,700
  • Total Rent: $4,700
  • Pro Forma/Market Rent: $4,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.35%
  • Gross Rent Multiplier: 15.31
  • Gross Scheduled Income: --
  • Net Operating Income: $65,404
  • Gross Operating Income: $98,195
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2459 Hidalgo Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5440011025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 2459 Hidalgo Avenue, a 4-unit* multifamily property located in Silver Lake, one of the most desirable rental markets in all of Los Angeles, CA.
View more facts & features

Local Los Angeles Agent

Sale History for 2459 Hidalgo Ave

Last sold for $1,154,000 on August 11th, 2023

  • August, 2023

  • Aug 11, 2023

    Date

    Sold

    CRMLS: 23251705

    $1,154,000

    Price

  • Mar 16, 2023

    Date

    Active

    CRMLS: 23251705

    $1,720,000

    Price

  • January, 2015

  • Jan 6, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • June, 2012

  • Jun 15, 2012

    Date

    Sold (Public Records)

    Public Records

    $1,030,000

    Price

Show More

Tax History for 2459 Hidalgo Ave

Assessed Value (2020): $1,539,112
Year Land Value Improved Value Assessed Value
2020 $923,108 $616,004 $1,539,112

Home Value Compared to the Market

This property vs the competition

2459 Hidalgo Ave sold on August 11, 2023 for 38.39% 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 $390.63 per/sqft which puts the price per square foot 46.05% lower than the current median sale per square foot for the city of Los Angeles.

About 2459 Hidalgo Ave

Detailed summary of property

2459 Hidalgo Ave is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,968 living square feet, and sits on an approximately 5,193 square foot lot. 2459 Hidalgo Ave was first listed on ArdentRealEstateGroup.com on March 17, 2023. The homeowner sold the property for $1,154,000. 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 38.39% higher than the current median priced home. Local homes that are currently for sale include 1163 Hyperion Ave, 1932 Park Ave and 1473 Allison Ave. While the average home in Los Angeles, CA is selling in 106 days, 2459 Hidalgo Ave has a days on market of 95 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 2459 Hidalgo Ave Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2459 Hidalgo Ave

Public county record property details
Beds
5
Baths
6
Year built
1939
Sq. Ft.
3,968
Lot Size
5,193
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
220
APN
5440-011-025

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,688,880
Median List Price/Sq.Ft.
$942
Median Sold Price
$1,059,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
96.36%
Avg Days on Market
19
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (30.77%)

Thinking of Selling?

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(714) 706-1823

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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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