254 E Lanzit Ave Los Angeles, CA 90061

$917,954 Sold Price as of 06/21/2018

12 Beds
12 Baths
3,600 Sq.Ft.

Off Market

$917,954 Sold Price as of 06/21/2018 Refinance Your Mortgage

Map preview of 254 E Lanzit Ave, Los Angeles, CA 90061

Property Overview: 254 E Lanzit Ave Los Angeles, CA has 12 bedrooms, 12 bathrooms, 3,600 living square feet and 10,512 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

254 E Lanzit Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 254 E Lanzit Ave

Last sold for $917,954 on June 21st, 2018

December, 2023
Dec 1, 2023

Date

Expired

CRMLS: 23284951

$1,587,000

Price
Jun 26, 2023

Date

Active

CRMLS: 23284951

$1,587,000

Price
Listing provided courtesy of CRMLS

Excellent Cash Flowing Opportunity, Built-in 1991! Fantastic unit mix of 5 X 3 bedroom units. Unit #1 is a townhome style with 2 floors, fully occupied, Actual Gross Operating income $158,700, GRM 10 & Cap rate of 7 % with additional 30 % rental upside per section 8 chart rate of $3465 for 3 bedroom units. There is a Laundry room on site which has not been operating for additional income, Each unit individually metered, Property offers Large lot size of 10,512 +/- Sq. Ft. with 10 tandem parking spaces as well as common area space in the rear of the property, which can be utilized for 2 ADU UNITS Development. This property offers it all together, Great cash on cash return, Rental Upside, and Value add all in one. Immediate rent increase as soon as moratorium ends.

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May, 2021
May 15, 2021

Date

Expired

CRMLS: 20657306

$2,495

Price
Nov 20, 2020

Date

Price Change

CRMLS: 20657306

$2,495

Price
Nov 9, 2020

Date

Active

CRMLS: 20657306

$2,735

Price
Listing provided courtesy of CRMLS

Great opportunity to rent a 3 bedroom apartment with easy access to 110 Freeway, 105 Freeway and Imperial Highway. Section 8 tenants/voucher are accepted! Unit has been updated and renovated with new flooring, kitchen counter tops and appliances. A large driveway and lot provide ample off-street parking. Street parking is also avail.

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May, 2021
May 1, 2021

Date

Expired

CRMLS: 20654952

$1,450,000

Price
Jan 23, 2021

Date

Price Change

CRMLS: 20654952

$1,450,000

Price
Nov 3, 2020

Date

Active

CRMLS: 20654952

$1,499,000

Price
Listing provided courtesy of CRMLS

Excellent Cash Flowing Opportunity in the heart of South Los Angeles! Building is currently occupied by Section 8 Tenants that are current with rent and are continuing to pay. Fantastic unit mix of 5 - 3 bedroom units. Unit #1 is a townhome style with 2 floors. Currently 2 (units, 4, & 5) of the units are vacant which would allow a new owner owner to select their own tenants. Building is 5,600 Sq. Ft. on a large 10,512 Sq. Ft. lot. There is ample on-site parking for all units. There is also a laundry room on-site that is not currently in use but a new owner could take advantage of to produce additional revenue.

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June, 2018
Jun 22, 2018

Date

Sold

CRMLS: 18341416

$917,500

Price
May 31, 2018

Date

Pending

CRMLS: 18341416

$900,000

Price
May 17, 2018

Date

Active

CRMLS: 18341416

$900,000

Price
Listing provided courtesy of CRMLS

5 Non Rent Controlled Units! All 3 Bedroom + 1 Bathroom Units! Two Current Section 8 Tenants! Built in 1991! Located just east of the Harbor Freeway and just sought of the Imperial Highway in South Los Angeles. The building contains five Large 3 Bedroom units. One unit is a 3 Bed / 1.25 Baths Townhouse style while the other four units are 3 Bed / 1 Bath. The lot is a large 10,512 +/- Sq. Ft. with room for about 10 tandem parking spaces as well as common area space in the rear of the property. The property is also easily accessed by public transit and is in close proximity to the 105 and 110 Freeways.

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June, 2018
Jun 21, 2018

Date

Sold (Public Records)

Public Records

$917,954

Price

Tax History for 254 E Lanzit Ave

Assessed Value (2020): $954,046

Year	Land Value	Improved Value	Assessed Value
2020	$468,180	$485,866	$954,046

About 254 E Lanzit Ave

Detailed summary of property

254 E Lanzit Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90061 and last sold on June 21, 2018 for $917,954. This property has 12 bedrooms, 12 bathrooms, roughly 3,600 living square feet, and sits on an approximately 10,512 square foot lot. Homes 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 18.04% lower than the current median priced home. 254 E Lanzit Ave was last sold on June 21, 2018 for $917,954. Local nearby listings include 835 E 107th St, 12900 Jarvis Ave and 220 W 101st St. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 254 E Lanzit Ave Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 254 E Lanzit Ave

Public county record property details

Beds: 12
Baths: 12
Year built: 1991
Sq. Ft.: 3,600
Lot Size: 10,512
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 38
APN: 6083-003-007

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$580,000

Median List Price/Sq.Ft.

$500

Median Sold Price

$555,000

Median Sold Price/Sq.Ft.

$391

Total Inventory

Median Sale to List Price %

105.71%

Avg Days on Market

Loan Type

Conventional (20%), FHA (0%), VA (0%), Cash (20%), Other (0%)

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(714) 706-1823

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