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2523 Lyric Ave, Los Angeles, CA 90027
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2523 Lyric Ave Los Angeles, CA 90027

$1,898,000
  • 6 Beds
  • 4 Baths
  • 2,870 Sq.Ft.
For Sale
$1,898,000 Get Pre-Qualified
Map preview of 2523 Lyric Ave, Los Angeles, CA 90027

Property Overview: 2523 Lyric Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,870 living square feet and 6,516 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: Welcome to your new investment! The property features two units plus a large space in the back. Garages, street parking, each unit with their own laundry area + hookups, lush small garden in front, an upper unit 3 bedroom extra den, all with original charm, built-ins, large kitchen, dining room and tree top views. A three bedroom lower unit with open living room, dining room, garden views and gated outdoor garden space and outdoor patio/deck area. The lower unit third bedroom has separate outdoor access if needed. A sweet stand alone cottage style space with shared outdoor covered patio area, and lower yard space. This is a terrific opportunity to invest in a prime location income property. The opportunities won't wait long!

Listed by Natalie Gonzalez | BRE #01991721 | Sotheby's International Realty
Last checked: 6 minutes ago | Last updated: April 6th, 2024 | Source CRMLS | DOM: 205
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Home details

Lot Sq. Ft
6,516
HOA Dues
$0/mo
Year built
1938
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
23317953
City
Los Angeles
County
Los Angeles
Time on Site
211 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,150
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 0
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $650
  • Pro Forma/Market Rent: $850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: --
  • Net Operating Income: $35,596
  • Gross Operating Income: $91,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2523 Lyric Ave

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Property Details for 2523 Lyric Ave

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split, Two
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Deck, Driveway, Garage - Two Door, Street, Shared Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5433007005
  • Architectural Style: Cottage
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: please use global positioning system
View more facts & features

Local Los Angeles Agent

Sale History for 2523 Lyric Ave

Last leased for $3,500 on December 3rd, 2019

  • October, 2023

  • Oct 4, 2023

    Date

    Active

    CRMLS: 23317953

    $1,898,000

    Price

  • December, 2019

  • Dec 3, 2019

    Date

    Leased

    CRMLS: 19530204

    $3,500

    Price

  • Nov 19, 2019

    Date

    Active

    CRMLS: 19530204

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Charming east coast traditional with 3 bedroom, 2 baths first floor unit of a duplex in the heart of Los Feliz. Boasting Hardwood floors, fenced front yard and a 1 car garage. Comes with a stove, refrigerator, washer/dryer.

  • September, 2017

  • Sep 14, 2017

    Date

    Leased

    CRMLS: 17255168

    $3,650

    Price

  • Jul 26, 2017

    Date

    Active

    CRMLS: 17255168

    $3,650

    Price

  • Listing provided courtesy of CRMLS

  • June, 1999

  • Jun 28, 1999

    Date

    Sold (Public Records)

    Public Records

    $335,000

    Price

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Tax History for 2523 Lyric Ave

Assessed Value (2020): $480,200
Year Land Value Improved Value Assessed Value
2020 $286,688 $193,512 $480,200

Home Value Compared to the Market

This property vs the competition

2523 Lyric Ave is listed 54.94% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $661.32 per/sqft which puts the price per square foot 14.56% lower than the median price per square foot for the city of Los Angeles.

About 2523 Lyric Ave

Detailed summary of property

2523 Lyric Ave is a multi family located in Los Angeles, CA 90027 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 2,870 living square feet, and sits on an approximately 6,516 square foot lot. 2523 Lyric Ave was first listed on ArdentRealEstateGroup.com on October 5, 2023. The homeowner is currently asking $1,898,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 54.94% higher than the median priced home. Local competing homes currently for sale include 1417 N Kenmore Ave, 2250 Duane and 4123 Edenhurst Ave. While the average home in Los Angeles, CA is selling in 96 days, 2523 Lyric Ave has a days on market of 205 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2523 Lyric Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2523 Lyric Ave

Public county record property details
Beds
6
Baths
4
Year built
1938
Sq. Ft.
2,870
Lot Size
6,515
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
5433-007-005

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$989
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
84
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

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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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