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2506 Johnston St Los Angeles, CA 90031

$1,030,000 Sold Price as of 10/15/2019

11 Beds
6 Baths
4,477 Sq.Ft.

Sold

$1,030,000 Sold Price as of 10/15/2019 Refinance Your Mortgage

Map preview of 2506 Johnston St, Los Angeles, CA 90031

Property Overview: 2506 Johnston St Los Angeles, CA has 11 bedrooms, 6 bathrooms, 4,477 living square feet and 12,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6 units in Lincoln Heights. 2 houses and 2 duplexes on a large 12,000 square foot corner lot. Excellent unit mix (2 - 1+1, 3 - 2+1 & 1 - 3+1). Below market rents with HUGE UPSIDE potential. The is 4,477 rentable square feet. New roofs. Located in the Lincoln Heights - El Sereno HPOZ. Close to downtown Los Angeles, shops and restaurants. Easy freeway access.

Listed by Michael A Salerno | BRE #01212427 | Miller & Desatnik Realty Co.

Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft: 12,000
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19492680
City: Los Angeles
County: Los Angeles
Time on Site: 1346 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $624
Total Rent: $624
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $714
Total Rent: $714
Pro Forma/Market Rent: $1,100

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $722
Total Rent: $722
Pro Forma/Market Rent: $1,100

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $749
Total Rent: $749
Pro Forma/Market Rent: $1,500

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $885
Total Rent: $885
Pro Forma/Market Rent: $1,500

Unit Breakdown 6

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $787
Total Rent: $787
Pro Forma/Market Rent: $1,850

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 20.36
Gross Scheduled Income: --
Net Operating Income: $27,394
Gross Operating Income: $52,162
Improvements Total: $126,794

Annual Expense Breakdown

Total Operating Expense: --
Gas/Fuel: $338
Licenses: $407
Insurance: $2,546
Maintenance: $2,000
Water/Sewer: $4,534

Property Details for 2506 Johnston St

Interior Features

Cooling Information

No Cooling
None

Laundry Information

Has Laundry
See Remarks

Room Information

See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Uncovered

Lot Information

Lot Size Source: Assessor

Property Information

No View
View: None
Total # of Units: 6
Parcel Number: 5208002001

Location / Neighborhood

Location Information

Directions: North of Broadway

View more facts & features

Local Los Angeles Agent

Sale History for 2506 Johnston St

Last sold for $1,030,000 on October 15th, 2019

October, 2019
Oct 16, 2019

Date

Sold

CRMLS: 19492680

$1,030,000

Price
Sep 26, 2019

Date

Pending

CRMLS: 19492680

$1,095,000

Price
Sep 6, 2019

Date

Active

CRMLS: 19492680

$1,095,000

Price
Aug 28, 2019

Date

Active Under Contract

CRMLS: 19492680

$1,095,000

Price
Aug 20, 2019

Date

Pending

CRMLS: 19492680

$1,095,000

Price
Jul 25, 2019

Date

Active

CRMLS: 19492680

$1,095,000

Price
October, 2019
Oct 15, 2019

Date

Sold (Public Records)

Public Records

$1,030,000

Price
January, 2014
Jan 2, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2506 Johnston St

Assessed Value (2020): $1,030,000

Year	Land Value	Improved Value	Assessed Value
2020	$630,000	$400,000	$1,030,000

Home Value Compared to the Market

This property vs the competition

2506 Johnston St sold on October 15, 2019 for 2.23% 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 $244.58 per/sqft which puts the price per square foot 66.22% lower than the current median sale per square foot for the city of Los Angeles.

About 2506 Johnston St

Detailed summary of property

2506 Johnston St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 11 bedrooms, 6 bathrooms, roughly 4,477 living square feet, and sits on an approximately 12,000 square foot lot. 2506 Johnston St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,030,000. 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 2.23% lower than the current median priced home. Local homes that are currently for sale include 2641 Pomeroy Ave, 2675 Pomeroy Ave and 531 Brittania St. While the average home in Los Angeles, CA is selling in 106 days, 2506 Johnston St has a days on market of 56 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 2506 Johnston St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2506 Johnston St

Public county record property details

Beds: 9
Baths: 5
Year built: 1923
Sq. Ft.: 4,477
Lot Size: 12,000
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1,2
APN: 5208-002-001

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$849,000

Median List Price/Sq.Ft.

$701

Median Sold Price

$825,000

Median Sold Price/Sq.Ft.

$628

Total Inventory

Median Sale to List Price %

99.64%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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.