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246 E 68Th St, Los Angeles, CA 90003
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246 E 68Th St Los Angeles, CA 90003

$545,000 Sold Price as of 07/01/2021
  • 2 Beds
  • 2 Baths
  • 1,170 Sq.Ft.
Sold
$545,000 Sold Price as of 07/01/2021 Refinance Your Mortgage
Map preview of 246 E 68Th St, Los Angeles, CA 90003

Property Overview: 246 E 68Th St Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,170 living square feet and 5,410 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LOOKING FOR BACKUP OFFERS!!! Call Listing Agent for more info. Great investment opportunity with huge potential upside! Property will be delivered FULLY VACANT at close of escrow! Buyer can place new tenants at market rent to receive a great cash flow, or a perfect opportunity for owner user. Currently, the unit mix is two 1 bed room and 1 bathroom. Seller has already submitted to the city to convert this duplex into 4 units by building 2 ADUs on the property (each 3 bed 2 bath!!!). New buyer can easily double the value of this property by adding the ADUs which can potentially generate over 8% cap rate. Buyer and agent to verify. Property is Sold AS-IS and property is priced to sell. Please contact listing agent for marketing package.

Listed by Yehuda Rafael | BRE #01924075 | Prime Group Realty
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
5,410
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21703008
City
Los Angeles
County
Los Angeles
Time on Site
1289 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,765
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,765
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,765
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,765
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.14
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 246 E 68Th St

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 6011004024
Location / Neighborhood
Location Information
  • Directions: Off the 110, between San Pedro and Main
View more facts & features

Local Los Angeles Agent

Sale History for 246 E 68Th St

Last sold for $545,000 on July 1st, 2021

  • July, 2021

  • Jul 12, 2021

    Date

    Sold

    CRMLS: 21703008

    $545,000

    Price

  • Jun 22, 2021

    Date

    Pending

    CRMLS: 21703008

    $549,000

    Price

  • Jun 7, 2021

    Date

    Active

    CRMLS: 21703008

    $549,000

    Price

  • May 7, 2021

    Date

    Pending

    CRMLS: 21703008

    $549,000

    Price

  • Apr 19, 2021

    Date

    Price Change

    CRMLS: 21703008

    $549,000

    Price

  • Mar 10, 2021

    Date

    Active

    CRMLS: 21703008

    $599,000

    Price

  • February, 2021

  • Feb 17, 2021

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

  • July, 2018

  • Jul 17, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 246 E 68Th St

Assessed Value (2020): $397,800
Year Land Value Improved Value Assessed Value
2020 $306,000 $91,800 $397,800

Home Value Compared to the Market

This property vs the competition

246 E 68Th St sold on July 1, 2021 for 50.98% lower 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 $469.23 per/sqft which puts the price per square foot 35.19% lower than the current median sale per square foot for the city of Los Angeles.

About 246 E 68Th St

Detailed summary of property

246 E 68Th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 1,170 living square feet, and sits on an approximately 5,410 square foot lot. 246 E 68Th St was first listed on ArdentRealEstateGroup.com on March 10, 2021. The homeowner sold the property for $545,000. 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 50.98% lower than the current median priced home. Local homes that are currently for sale include 8319 S Hoover St, 935 W 54th St and 1253 W 65th St. While the average home in Los Angeles, CA is selling in 106 days, 246 E 68Th St has a days on market of 71 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 246 E 68Th 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 246 E 68Th St

Public county record property details
Beds
2
Baths
2
Year built
1930
Sq. Ft.
1,170
Lot Size
5,409
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
6011-004-024

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
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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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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