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2500 Lucerne Ave, Los Angeles, CA 90016
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2500 Lucerne Ave Los Angeles, CA 90016

$799,000
  • 2 Beds
  • 2 Baths
  • 1,656 Sq.Ft.
Back Up Offer
$799,000 Get Pre-Qualified
Map preview of 2500 Lucerne Ave, Los Angeles, CA 90016

Property Overview: 2500 Lucerne Ave Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,656 living square feet and 4,188 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great Investment Opportunity, live in one unit and rent the other. Are you ready to own in a centrally located area that is Up and Coming with the desired Location near Culver City, Mid City, Downtown Los Angeles, Korea Town, and other thriving neighborhoods. *This Duplex features two units, both 1 bedroom, 1 bathroom. Walking in, You are greeted by living area with fire place and beautiful built in cabinets, followed by a dinning area with a built in hutch, plenty of natural light provided by the updated windows. The Kitchen features upgraded cabinets with granite counter tops, stainless steel appliances, and recessed lighting. Full bathroom with vanity and medicine cabinet. In-unit laundry room, Laminate flooring is carried throughout the unit. The bedroom with closet and built-in cabinet & drawers, and additional hall closet gives great storage solutions. Going into the back you have a nice area to hang out. Each unit with their own storage garage. Newer roof (approx. 6yrs old). The units have the same layouts, just reversed. One unit has had all the interior upgrades mentioned(2500). The other unit (2502)not, but still in great condition! Tenants pay all utilities. The location is phenomenal...close to public transportation, shopping, schools, restaurants, boutiques, and much more. This is truly a MID-CITY gem! Property to be sold with tenants.

Listed by Xristos Korolis | BRE #01980812 | RE/MAX TOP PRODUCERS
Last checked: 1 minute ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 148
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Home details

Lot Sq. Ft
4,188
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Duplex
Status
Back Up Offer
MLS#
CV23219870
City
Los Angeles
County
Los Angeles
Time on Site
146 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,281
  • Total Rent: $1,281
  • Pro Forma/Market Rent: $1,281
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $300
  • Insurance: $0
  • Water/Sewer: $516

Open Houses for 2500 Lucerne Ave

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Property Details for 2500 Lucerne Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room, Inside, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5057004020
  • 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: W. Adams Blvd. go north on Lucerne Ave... Between South La Brea Ave and Crenshaw Blvd
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2500 Lucerne Ave

Last sold for $385,000 on February 26th, 2015

  • April, 2024

  • Apr 26, 2024

    Date

    Back Up Offer

    CRMLS: CV23219870

    $799,000

    Price

  • Dec 1, 2023

    Date

    Active

    CRMLS: CV23219870

    $849,000

    Price

  • October, 2020

  • Oct 22, 2020

    Date

    Canceled

    CRMLS: CV20158832

    $789,888

    Price

  • Aug 8, 2020

    Date

    Active

    CRMLS: CV20158832

    $789,888

    Price

  • Listing provided courtesy of CRMLS

    Investors delight, Great investment Opportunity to own in a centrally located area that is Up and Coming with the desired Location near Culver City, Mid City, Downtown Los Angeles, Korea Town, and other thriving neighborhoods. This Duplex features two units, both one bedroom,one bathroom. Walking in, You are greeted by living area with fire place and beautiful built in cabinets, followed by a dinning area with a built in hutch, plenty of natural light provided by the updated windows. The Kitchen features upgraded cabinets with granite counter tops, stainless steel appliances, and recessed lighting. Full bathroom with new vanity and medicine cabinet. In unit laundry room, Laminate flooring is carried throughout unit. The bedroom with closet and built-in cabinet & drawers, and additional hall closet gives great storage solutions. Going into the back you have a nice area to hang out. Each unit with own storage garage. Newer roof (3-4 yrs old). The units have the same layouts, just reversed. One unit has had all the interior upgrades mentioned(2500). The other (2502)not, but still in great condition! Tenants pay all utilities. The location is phenomenal...close to public transportation, shopping, schools, restaurants, boutiques, and much more. This is truly a gem!

  • February, 2015

  • Feb 26, 2015

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

Show More

Tax History for 2500 Lucerne Ave

Assessed Value (2020): $423,086
Year Land Value Improved Value Assessed Value
2020 $252,753 $170,333 $423,086

Home Value Compared to the Market

This property vs the competition

2500 Lucerne Ave is listed 36.03% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $482.49 per/sqft which puts the price per square foot 37.5% lower than the median price per square foot for the city of Los Angeles.

About 2500 Lucerne Ave

Detailed summary of property

2500 Lucerne Ave is a duplex located in Los Angeles, CA 90016 and is currently in escrow to be sold. This duplex offers 2 bedrooms, 2 bathrooms, roughly 1,656 living square feet, and sits on an approximately 4,188 square foot lot. 2500 Lucerne Ave was first listed on ArdentRealEstateGroup.com on December 2, 2023. The homeowner is currently asking $799,000 and was originally asking $849,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 36.03% lower than the median priced home. Local competing homes currently for sale include 3443 9th Ave, 3023 Obama Blvd and 2121 Thurman Ave. While the average home in Los Angeles, CA is selling in 97 days, 2500 Lucerne Ave has a days on market of 148 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 2500 Lucerne Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2500 Lucerne Ave

Public county record property details
Beds
2
Baths
2
Year built
1924
Sq. Ft.
1,656
Lot Size
4,201
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12,392
APN
5057-004-020

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,150,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$955,000
Median Sold Price/Sq.Ft.
$651
Total Inventory
73
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (13.33%), Other (33.33%)

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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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