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2501 S West View St, Los Angeles, CA 90016
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2501 S West View St Los Angeles, CA 90016

$9,600,000 Sold Price as of 11/02/2021
  • 64 Beds
  • 43 Baths
  • 28,675 Sq.Ft.
Sold
$9,600,000 Sold Price as of 11/02/2021 Refinance Your Mortgage
Map preview of 2501 S West View St, Los Angeles, CA 90016

Property Overview: 2501 S West View St Los Angeles, CA has 64 bedrooms, 43 bathrooms, 28,675 living square feet and 31,623 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Delivered with Vacancies - The subject property will be delivered with (7)vacant units; allowing a prospective investor to capture market rent on roughly 20% of the units day-one. | 1986 Construction - Not subject to LA City rent control, allowing an investor to increase annual rents 5% plus CPI pursuant to AB 1482.Rental Upside - The subject property contains roughly 30% upside in rental income. | No Soft-Story Retrofit Required - The subject property is in compliance with the City of Los Angeles parking retrofit ordinance with a total of 63 total spaces. | Solar Panels Installed - Solar Panels have been installed, providing the opportunity for investors to reduce total utility cost.

Listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Thomas Jonsson | BRE #01755842 | James Capital Advisors, Inc.
Last checked: 12 minutes ago | Last updated: May 10th, 2022 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
31,623
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21771704
City
Los Angeles
County
Los Angeles
Time on Site
1135 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 37
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,211
  • Total Rent: $19,375
  • Pro Forma/Market Rent: $25,600
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,413
  • Total Rent: $21,194
  • Pro Forma/Market Rent: $33,000
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,880
  • Total Rent: $11,282
  • Pro Forma/Market Rent: $15,420
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.07
  • Gross Scheduled Income: --
  • Net Operating Income: $335,828
  • Gross Operating Income: $596,101
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2501 S West View St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 63
  • Has Parking
  • Parking Features: Covered, Assigned
Property Information
  • Total # of Units: 37
  • Parcel Number: 5049008056
Location / Neighborhood
Location Information
  • Directions: 2501 S. WEST VIEW ST, LOS ANGELES, CA 90016
View more facts & features

Local Los Angeles Agent

Sale History for 2501 S West View St

Last sold for $9,600,000 on November 2nd, 2021

  • September, 2021

  • Sep 13, 2021

    Date

    Pending

    CRMLS: 21771704

    $10,000,000

    Price

  • Aug 12, 2021

    Date

    Active

    CRMLS: 21771704

    $10,000,000

    Price

Tax History for 2501 S West View St

Assessed Value (2020): $3,113,233
Year Land Value Improved Value Assessed Value
2020 $336,436 $2,776,797 $3,113,233

Home Value Compared to the Market

This property vs the competition

2501 S West View St sold on November 2, 2021 for 792.86% 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 $348.74 per/sqft which puts the price per square foot 51.83% lower than the current median sale per square foot for the city of Los Angeles.

About 2501 S West View St

Detailed summary of property

2501 S West View St is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 64 bedrooms, 43 bathrooms, roughly 28,675 living square feet, and sits on an approximately 31,623 square foot lot. 2501 S West View St was first listed on ArdentRealEstateGroup.com on August 12, 2021. The homeowner sold the property for $9,600,000. 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 792.86% higher than the current median priced home. Local homes that are currently for sale include 265 N Oakland Ave, 7531 Knott Ave and 2550 College Pl. While the average home in Los Angeles, CA is selling in 106 days, 2501 S West View St has a days on market of 33 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 2501 S West View St 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 2501 S West View St

Public county record property details
Beds
--
Baths
--
Year built
1986
Sq. Ft.
28,675
Lot Size
31,623
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
5049-008-056

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
$1,000,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
80
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

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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