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2533 Lucerne Ave, Los Angeles, CA 90016
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2533 Lucerne Ave Los Angeles, CA 90016

$2,200,000
  • 12 Beds
  • 6 Baths
  • 5,530 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 2533 Lucerne Ave, Los Angeles, CA 90016

Property Overview: 2533 Lucerne Ave Los Angeles, CA has 12 bedrooms, 6 bathrooms, 5,530 living square feet and 6,271 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: Very rare, West Adams 4-unit apartment building. Property near Culver City, The Cumulus District, the Hayden Tract, and The Habitat ( and West Adams) is one of the hottest and up-and-coming neighborhoods in Los Angeles. There is an opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. Gross Scheduled Income (GSI) $92,160; Expenses $28,860; Net Operating Income (NOI) $63,300; GRM 23.87; Cap Rate 4.19%. All units are INDIVIDUALLY WATER, GAS, AND ELECTRIC METERS. Low maintenance costs with fully tile flooring. Unit mix: 3 BD/2BA, 3BD/1BA, 3BED/1BA AND 3 BD/2BA. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. BRING YOUR BEST OFFER!

Listed by Kory Jackson | BRE #01315324 | eXp Realty of California Inc
Last checked: 1 minute ago | Last updated: March 4th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
6,271
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24361981
City
Los Angeles
County
Los Angeles
Time on Site
61 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.19%
  • Gross Rent Multiplier: 23.87
  • Gross Scheduled Income: --
  • Net Operating Income: $58,660
  • Gross Operating Income: $92,160
  • Other Income 1: $92,160
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $1,400
  • New Taxes: $27,060
  • Gardener: $840
  • Maintenance: $3,000

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Property Details for 2533 Lucerne Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Tile
Kitchen Information
  • Has Appliances
  • Gas Oven, Range
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated, Unassigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5057003024
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Accessibility Features: None
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Labrea, travel east on Adams and north on Lucerne.
View more facts & features

Local Los Angeles Agent

Sale History for 2533 Lucerne Ave

Last sold for $715,000 on July 15th, 2004

  • February, 2024

  • Feb 25, 2024

    Date

    Active

    CRMLS: 24361981

    $2,200,000

    Price

  • July, 2004

  • Jul 15, 2004

    Date

    Sold (Public Records)

    Public Records

    $715,000

    Price

  • January, 2004

  • Jan 21, 2004

    Date

    Sold (Public Records)

    Public Records

    $555,000

    Price

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Tax History for 2533 Lucerne Ave

Assessed Value (2020): $911,297
Year Land Value Improved Value Assessed Value
2020 $509,817 $401,480 $911,297

Home Value Compared to the Market

This property vs the competition

2533 Lucerne Ave is listed 76.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $397.83 per/sqft which puts the price per square foot 48.47% lower than the median price per square foot for the city of Los Angeles.

About 2533 Lucerne Ave

Detailed summary of property

2533 Lucerne Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 12 bedrooms, 6 bathrooms, roughly 5,530 living square feet, and sits on an approximately 6,271 square foot lot. 2533 Lucerne Ave was first listed on ArdentRealEstateGroup.com on February 26, 2024. The homeowner is currently asking $2,200,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 76.14% higher than the median priced home. Local competing homes currently for sale include 2942 S Orange Dr, 1504 S Mansfield Ave and 1424 Meadowbrook Ave. While the average home in Los Angeles, CA is selling in 97 days, 2533 Lucerne Ave has a days on market of 49 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 2533 Lucerne Ave 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 2533 Lucerne Ave

Public county record property details
Beds
12
Baths
6
Year built
--
Sq. Ft.
5,530
Lot Size
6,270
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
385
APN
5057-003-024

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
$1,150,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$955,000
Median Sold Price/Sq.Ft.
$651
Total Inventory
73
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (13.33%), Other (33.33%)

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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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