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2483 Lancaster Ave, Los Angeles, CA 90033
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2483 Lancaster Ave Los Angeles, CA 90033

$1,235,000 Sold Price as of 06/30/2022
  • 63 Beds
  • 49 Baths
  • 3,236 Sq.Ft.
Sold
$1,235,000 Sold Price as of 06/30/2022 Refinance Your Mortgage
Map preview of 2483 Lancaster Ave, Los Angeles, CA 90033

Property Overview: 2483 Lancaster Ave Los Angeles, CA has 63 bedrooms, 49 bathrooms, 3,236 living square feet and 8,306 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment opportunity!!! Fully occupied 7 unit residential income property. Conveniently located near USC County Hospital, the property is located in the neighborhood of Boyle Heights/Ramona Gardens. The property consists of Five - 1-bedroom/1-bath and Two 2-bedroom/1-bath. Some units have upgraded vinyl plank flooring. All units have separate meters for Gas and Electricity. Each unit have their private yards with its own front and rear access. Long term tenants.javascript:__doPostBack('m_lbSubmit','')

Listed by RAYMOND ZHAO | BRE #01750159 | RED DRAGON REALTY CORP.
Last checked: 5 minutes ago | Last updated: July 1st, 2022 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
8,306
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
WS22021704
City
Los Angeles
County
Los Angeles
Time on Site
876 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 4
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 9
  • # of Baths: 7
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,068
  • Total Rent: $7,068
  • Pro Forma/Market Rent: $7,068
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $7,068
  • Net Operating Income: $77,616
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,200
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,200
  • Professional Management: $0
  • Water/Sewer: $6,000

Property Details for 2483 Lancaster Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 5202014013
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: NW Corner of Ricardo & Lancaster, East of Soto St, South of Valley Blvd
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2483 Lancaster Ave

Last sold for $1,235,000 on June 30th, 2022

  • February, 2022

  • Feb 3, 2022

    Date

    Active

    CRMLS: WS22021704

    $1,195,000

    Price

  • January, 2014

  • Jan 29, 2014

    Date

    Sold (Public Records)

    Public Records

    $573,500

    Price

  • December, 2013

  • Dec 19, 2013

    Date

    Price Change

    CRMLS: 13724893

    $595,000

    Price

  • Listing provided courtesy of CRMLS

    -Very Nice 7 Unit Property in Boyle Heights.-Units similar to little small houses with Basements.-Separately Metered for Gas and Electricity and all units have Separate Hot Water Heaters.-Units have Private Yards-Upside in the rents. -Very close to USC County Hospital.-Large Lot-Recently Passed LAHD Inspection

  • November, 2012

  • Nov 30, 2012

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

  • May, 2008

  • May 24, 2008

    Date

    Expired

    CRMLS: 12104902

    $669,000

    Price

  • Jan 30, 2008

    Date

    Active

    CRMLS: 12104902

    $669,000

    Price

  • Listing provided courtesy of CRMLS

    Large corner lot, NW Corner of Ricardo & Lancaster. Individually metered, individual water Heaters. Below market rents, Huge upside in the rents. Existing Loan may be assumed. Contact Listing Agent for details.

Show More

Tax History for 2483 Lancaster Ave

Assessed Value (2020): $642,826
Year Land Value Improved Value Assessed Value
2020 $414,728 $228,098 $642,826

Home Value Compared to the Market

This property vs the competition

2483 Lancaster Ave sold on June 30, 2022 for 5.75% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $369.28 per/sqft which puts the price per square foot 51.02% lower than the current median sale per square foot for the city of Los Angeles.

About 2483 Lancaster Ave

Detailed summary of property

2483 Lancaster Ave is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 63 bedrooms, 49 bathrooms, roughly 3,236 living square feet, and sits on an approximately 8,306 square foot lot. 2483 Lancaster Ave was first listed on ArdentRealEstateGroup.com on February 3, 2022. The homeowner sold the property for $1,235,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 5.75% higher than the current median priced home. Local homes that are currently for sale include 665 S Chicago St, 3680 E 5th St and 4208 Griffin Ave. While the average home in Los Angeles, CA is selling in 98 days, 2483 Lancaster Ave has a days on market of 53 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 2483 Lancaster Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2483 Lancaster Ave

Public county record property details
Beds
9
Baths
7
Year built
1924
Sq. Ft.
3,236
Lot Size
8,306
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5202-014-013

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$685,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$755,000
Median Sold Price/Sq.Ft.
$625
Total Inventory
14
Median Sale to List Price %
108.01%
Avg Days on Market
19
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (20%)

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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