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2551 8Th Ave, Los Angeles, CA 90018
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2551 8Th Ave Los Angeles, CA 90018

$3,800,000
  • -- Beds
  • -- Baths
  • 11,218 Sq.Ft.
For Sale
$3,800,000 Get Pre-Qualified
Map preview of 2551 8Th Ave, Los Angeles, CA 90018

Property Overview: 2551 8Th Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 11,218 living square feet and 12,994 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: Investment opportunity in Mid City. Property features 14 units and with easy access to the 10 fwy.

Listed by Johnna Furesh | BRE #02026465 | Renuvo Capital
Last checked: 14 minutes ago | Last updated: November 10th, 2023 | Source CRMLS | DOM: 174
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Home details

Lot Sq. Ft
12,994
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
PW23191815
City
Los Angeles
County
Los Angeles
Time on Site
201 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 14
  • # of Leased Units: 13
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $1,081
  • Trash: $6,150
  • Professional Management: $10,200
  • Water/Sewer: $9,865

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Property Details for 2551 8Th Ave

Interior Features
Laundry Information
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 13
  • Parcel Number: 5059015004
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Private
Location / Neighborhood
Location Information
  • Directions: Corner of West Adams and 8th Ave
View more facts & features

Local Los Angeles Agent

Sale History for 2551 8Th Ave

Last sold on October 13th, 2006

  • October, 2023

  • Oct 13, 2023

    Date

    Active

    CRMLS: PW23191815

    $3,800,000

    Price

  • October, 2006

  • Oct 13, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2005

  • Jul 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

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Tax History for 2551 8Th Ave

Assessed Value (2020): $1,749,382
Year Land Value Improved Value Assessed Value
2020 $999,648 $749,734 $1,749,382

Home Value Compared to the Market

This property vs the competition

2551 8Th Ave is listed 210.2% 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 $338.74 per/sqft which puts the price per square foot 56.23% lower than the median price per square foot for the city of Los Angeles.

About 2551 8Th Ave

Detailed summary of property

2551 8Th Ave is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers -- bedrooms, -- bathrooms, roughly 11,218 living square feet, and sits on an approximately 12,994 square foot lot. 2551 8Th Ave was first listed on ArdentRealEstateGroup.com on October 14, 2023. The homeowner is currently asking $3,800,000. 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 210.2% higher than the median priced home. Local competing homes currently for sale include 649 W 92nd St, 10705 S Figueroa St and 1625 Blake Ave. While the average home in Los Angeles, CA is selling in 96 days, 2551 8Th Ave has a days on market of 174 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 2551 8Th Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2551 8Th Ave

Public county record property details
Beds
18
Baths
14
Year built
1955
Sq. Ft.
11,218
Lot Size
12,994
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5059-015-004

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
50
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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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