251 E 31st St, Los Angeles, CA 90011
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251 E 31st St Los Angeles, CA 90011

$685,000 Sold Price as of 07/23/2019
  • 7 Beds
  • 4 Baths
  • 2,280 Sq.Ft.
Sold
$685,000 Sold Price as of 07/23/2019 Refinance Your Mortgage

Map preview of 251 E 31st St, Los Angeles, CA 90011

Property Overview: 251 E 31st St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,280 living square feet and 6,251 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Four units near USC, just about 6 blocks. This 4 plex is located off West San Pedro, west of Adams. It could be great for student housing. It is close to DTLA and walking distance to USC & Exposition Park. Delores Huerta Elementary School is across the street. Property is being SOLD AS-IS condition. All units are occupied. ***Please do not disturb tenants.***

Listed by LORRI HOCH | BRE #01290099 | WESTCOE REALTORS INC
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
IV19040032
City
Los Angeles
County
Los Angeles
Time on Site
1354 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,333
  • Total Rent: $1,333
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,104
  • Total Rent: $1,104
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $968
  • Total Rent: $968
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,114
  • Total Rent: $1,114
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $16,663
  • Net Operating Income: $7,933
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,933
  • New Taxes: $0
  • Trash: $7,200
  • Insurance: $1,530
  • Water/Sewer: $7,200

Property Details for 251 E 31st St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Carpet, Tile, Wood
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Rolled/Hot Mop
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level, Walkstreet
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5128005025
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: South on San Pedro, West on 31st St.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 251 E 31st St

Last sold for $685,000 on July 23rd, 2019
  • July, 2019

  • Jul 23, 2019

    Date

    Sold

    CRMLS: IV19040032

    $685,000

    Price

  • May 23, 2019

    Date

    Pending

    CRMLS: IV19040032

    $699,900

    Price

  • May 20, 2019

    Date

    Active

    CRMLS: IV19040032

    $699,900

    Price

  • May 16, 2019

    Date

    Pending

    CRMLS: IV19040032

    $699,900

    Price

  • May 10, 2019

    Date

    Active

    CRMLS: IV19040032

    $699,900

    Price

  • May 2, 2019

    Date

    Pending

    CRMLS: IV19040032

    $699,900

    Price

  • Apr 26, 2019

    Date

    Price Change

    CRMLS: IV19040032

    $699,900

    Price

  • Feb 22, 2019

    Date

    Active

    CRMLS: IV19040032

    $749,900

    Price

  • July, 2019

  • Jul 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $685,000

    Price

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: DW18147945

    $749,999

    Price

  • Jul 24, 2018

    Date

    Price Change

    CRMLS: DW18147945

    $749,999

    Price

  • Jun 20, 2018

    Date

    Active

    CRMLS: DW18147945

    $799,999

    Price

  • Listing provided courtesy of CRMLS

    FOUR UNITS NEAR USC!! The Property and Location hold great promise!! Property is located North of Jeffereson and East of Main, minutes from DTLA and walking distance from BANC OF CALIFORNIA STADIUM and USC. Property is being sold in its as-is condition. Please do not disturb tenants. THESE FOUR UNITS HOLD GREAT PROMISE BOTH LOCATION AND PROPERTYProperty is located North of Jefferson Blvd and West of Maple Ave. Within ONE MILE from USC. Property is great for student housing!!!! Property and location hold a lot of potential. ***Please do not disturb tenants***

  • September, 1997

  • Sep 30, 1997

    Date

    Sold (Public Records)

    Public Records

    $189,000

    Price

Show More

Tax History for 251 E 31st St

Assessed Value (2020): $685,000
Year Land Value Improved Value Assessed Value
2020 $450,000 $235,000 $685,000

Home Value Compared to the Market

This property vs the competition

251 E 31st St sold on July 23, 2019 for 37.51% 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 $306.97 per/sqft which puts the price per square foot 57.6% lower than the current median sale per square foot for the city of Los Angeles.

About 251 E 31st St

Detailed summary of property

251 E 31st St is a fourplex that recently sold in Los Angeles, CA 90011. This fourplex offered 7 bedrooms, 4 bathrooms, roughly 2,280 living square feet, and sits on an approximately 6,251 square foot lot. 251 E 31st St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $685,000. 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 37.51% lower than the current median priced home. Local homes that are currently for sale include 242 W 46th St, 1251-1253 E 40th Pl and 227 W 47th St. While the average home in Los Angeles, CA is selling in 106 days, 251 E 31st St has a days on market of 80 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 251 E 31st St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 251 E 31st St

Public county record property details
Beds
5
Baths
4
Year built
1947
Sq. Ft.
2,820
Lot Size
6,250
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5128-005-025

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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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.