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2463 Federal Ave, Los Angeles, CA 90064
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2463 Federal Ave Los Angeles, CA 90064

$1,275,000 Sold Price as of 05/13/2022
  • 4 Beds
  • 2 Baths
  • 1,999 Sq.Ft.
Sold
$1,275,000 Sold Price as of 05/13/2022 Refinance Your Mortgage
Map preview of 2463 Federal Ave, Los Angeles, CA 90064

Property Overview: 2463 Federal Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,999 living square feet and 3,196 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Wonderful Duplex in West Los Angeles! Two single level units, one upstairs and one down, no common walls. Each apartment is two bedrooms, one bath, with updated kitchen and its own stack washer/dryer. Very bright and airy. Ample closets throughout. Upper unit has been refreshed with new interior paint, 2" blinds, vinyl plank flooring in living/dining, and carpeted bedrooms and will be delivered vacant at close of escrow. Tenants share the attached two car garage, and there is an additional uncovered parking space for downstairs unit. Would be great for an owner/user. Lots of development happening in the area, close to shopping, restaurants, Expo line. Photos are of upper unit. Upstairs unit can be shown by appointment, lower unit inside with accepted offer, and tenant will remain in possession at close. Buyer to cooperate in Seller's 1031 Exchange at no cost to Buyer. Seller is licensed Real Estate Broker.

Listed by Pat Cornog | BRE #00888833 | Power Brokers International
Last checked: 3 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
3,196
HOA Dues
$0/mo
Year built
1954
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
22135359
City
Los Angeles
County
Los Angeles
Time on Site
801 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 25
  • Gross Scheduled Income: --
  • Net Operating Income: $39,380
  • Gross Operating Income: $50,400
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $1,900
  • New Taxes: $4,300
  • Gardener: $1,320
  • Insurance: $1,500
  • Maintenance: $2,000

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2463 Federal Ave

Interior Features
Laundry Information
  • Has Laundry
  • Stackable, In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Carpet
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Window Features: Double Pane Windows, Blinds
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Two Door, Parking Space, Garage Door Opener
Lot Information
  • Lot Features: Lawn, Irregular Lot
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 4260032046
  • Architectural Style: Mid Century Modern
  • Foundation Details: Slab
  • Accessibility Features: Entry Slope Less Than 1 Foot
  • Offered With Property: Existing appliances owned by Seller in their "as is" condition--2 stoves, 2 refrigerators, 2 stack washer/dryers.
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Pico, North of Gateway
View more facts & features

Local Los Angeles Agent

Sale History for 2463 Federal Ave

Last sold for $1,275,000 on May 13th, 2022

  • May, 2022

  • May 13, 2022

    Date

    Sold

    CRMLS: 22135359

    $1,275,000

    Price

  • Mar 10, 2022

    Date

    Active

    CRMLS: 22135359

    $1,295,000

    Price

Tax History for 2463 Federal Ave

Assessed Value (2020): $338,379
Year Land Value Improved Value Assessed Value
2020 $201,043 $137,336 $338,379

Home Value Compared to the Market

This property vs the competition

2463 Federal Ave sold on May 13, 2022 for 8.82% 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 $647.82 per/sqft which puts the price per square foot 14.2% lower than the current median sale per square foot for the city of Los Angeles.

About 2463 Federal Ave

Detailed summary of property

2463 Federal Ave is a multi family that recently sold in Los Angeles, CA 90064. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,999 living square feet, and sits on an approximately 3,196 square foot lot. 2463 Federal Ave was first listed on ArdentRealEstateGroup.com on March 11, 2022. The homeowner sold the property for $1,275,000. 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 8.82% higher than the current median priced home. Local homes that are currently for sale include 1618 S Burnside Ave, 1363 Hauser Blvd and 2720 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 92 days, 2463 Federal Ave has a days on market of 9 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2463 Federal Ave Los Angeles, CA 90064 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2463 Federal Ave

Public county record property details
Beds
4
Baths
2
Year built
1954
Sq. Ft.
1,999
Lot Size
3,195
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
305
APN
4260-032-046

The source for these homes facts are from public records.

90064 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,799,900
Median List Price/Sq.Ft.
$973
Median Sold Price
$1,521,000
Median Sold Price/Sq.Ft.
$976
Total Inventory
68
Median Sale to List Price %
101.4%
Avg Days on Market
37
Loan Type
Conventional (14.29%), FHA (4.76%), VA (0%), Cash (0%), Other (9.52%)

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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