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2529 Sichel St, Los Angeles, CA 90031
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2529 Sichel St Los Angeles, CA 90031

$1,800,000 Sold Price as of 03/25/2021
  • 16 Beds
  • 9 Baths
  • 6,120 Sq.Ft.
Sold
$1,800,000 Sold Price as of 03/25/2021 Refinance Your Mortgage
Map preview of 2529 Sichel St, Los Angeles, CA 90031

Property Overview: 2529 Sichel St Los Angeles, CA has 16 bedrooms, 9 bathrooms, 6,120 living square feet and 11,689 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 2529 Sichel, a newer 6 unit apartment complex located in the heart of Lincoln Heights. This property was built in 2004 and offers 6,120 sq ft of rentable space situated on a 11,689 sq ft parcel. This 6 unit building offers a desirable mix of: two - large 4 bed | 2 bath units, three - 2 bed | 1 bath units and one 2 bed | 2 bath unit. Good long term tenants are in place and are below market rents. Each unit is separately metered for gas and electric and has its own water heater. Property offer tenants on-site laundry facilities and gated parking. High walkability, just steps from shops, restaurants, schools, library and more. The subject property is conveniently located within close proximity to the 10, 5, and 110 fwy and minutes away from Pasadena, Downtown Los Angeles, Glendale and Hollywood. 2529 Sichel is a great opportunity that will be appealing to an array of buyers including an owner/user, investor or anyone in a 1031 exchange looking for a well located asset in good condition with substantial upside in rents.

Listed by Hoeng Yik | BRE #01341144 | Real Estates Unlimited
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
11,689
HOA Dues
$0/mo
Year built
2004
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
AR20229525
City
Los Angeles
County
Los Angeles
Time on Site
1214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $99,120
  • Net Operating Income: $84,680
  • Gross Operating Income: --
  • Laundry Income: $2,160
Annual Expense Breakdown
  • Total Operating Expense: $14,440
  • Electric: $4,800
  • Gas/Fuel: $420
  • New Taxes: $0
  • Trash: $2,520
  • Insurance: $1,900
  • Professional Management: $0
  • Water/Sewer: $4,800

Virtual Tour

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Property Details for 2529 Sichel St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Individual Room, Washer Included
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: On Site, Parking Space, Private, Tandem Uncovered
Lot Information
  • Lot Features: Corner Lot, Front Yard, Garden, Level with Street, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 5204014002
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: southwest corner of Sichel St. and Ave. 26th
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2529 Sichel St

Last sold for $1,800,000 on March 25th, 2021

  • March, 2021

  • Mar 27, 2021

    Date

    Sold

    CRMLS: AR20229525

    $1,800,000

    Price

  • Jan 20, 2021

    Date

    Pending

    CRMLS: AR20229525

    $1,998,000

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: AR20229525

    $1,998,000

    Price

  • Jan 15, 2021

    Date

    Hold

    CRMLS: AR20229525

    $1,998,000

    Price

  • Oct 30, 2020

    Date

    Active

    CRMLS: AR20229525

    $1,998,000

    Price

  • January, 2001

  • Jan 17, 2001

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

  • May, 1999

  • May 5, 1999

    Date

    Sold (Public Records)

    Public Records

    $135,000

    Price

Show More

Tax History for 2529 Sichel St

Assessed Value (2020): $777,653
Year Land Value Improved Value Assessed Value
2020 $261,778 $515,875 $777,653

Home Value Compared to the Market

This property vs the competition

2529 Sichel St sold on March 25, 2021 for 67.9% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $326.47 per/sqft which puts the price per square foot 56.76% lower than the current median sale per square foot for the city of Los Angeles.

About 2529 Sichel St

Detailed summary of property

2529 Sichel St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 16 bedrooms, 9 bathrooms, roughly 6,120 living square feet, and sits on an approximately 11,689 square foot lot. 2529 Sichel St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 67.9% higher than the current median priced home. Local homes that are currently for sale include 2500 E 1st St, 2853 Cincinnati St and 3313 Folsom St. While the average home in Los Angeles, CA is selling in 93 days, 2529 Sichel St has a days on market of 74 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 2529 Sichel 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 2529 Sichel St

Public county record property details
Beds
14
Baths
7
Year built
2004
Sq. Ft.
6,120
Lot Size
11,689
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,8,10
APN
5204-014-002

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
$840,000
Median List Price/Sq.Ft.
$661
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
34
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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