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2615 S Victoria Ave, Los Angeles, CA 90016
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2615 S Victoria Ave Los Angeles, CA 90016

$4,300,000 Sold Price as of 01/10/2023
  • 1 Beds
  • 1 Baths
  • 12,966 Sq.Ft.
Sold
$4,300,000 Sold Price as of 01/10/2023 Refinance Your Mortgage
Map preview of 2615 S Victoria Ave, Los Angeles, CA 90016

Property Overview: 2615 S Victoria Ave Los Angeles, CA has 1 bedrooms, 1 bathrooms, 12,966 living square feet and 12,579 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2615 S Victoria Avenue is an irreplaceable 20-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. All units consist of one large bedroom and bathroom, sixteen of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property has had numerous upgrades such as copper plumbing throughout, electrical service and panels, partial roof replacement, new exterior paint, and landscaping. There are multiple on-site storage rooms for the Owner's use or for potential added income. Superbly located in the heart of the West Adams commercial corridor, 2615 S Victoria Avenue provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 81 walk score and is central to major employment, freeways, and points of interest alike. Additionally, the property lies a mere 10-minute drive from trendy Culver City, Downtown Los Angeles, and the University of Southern California. Tenants who prefer public transit can easily access the Crenshaw and Exposition metro station that stretches from Downtown Santa Monica to Downtown Los Angeles with upcoming service to both Inglewood and LAX. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside both in rent and neighborhood appreciation.

Listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Co-listed by Nathan Richards | BRE #01748598 | Nathan Richards
Last checked: 15 minutes ago | Last updated: January 11th, 2023 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
12,579
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22175291
City
Los Angeles
County
Los Angeles
Time on Site
662 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,471
  • Total Rent: $29,415
  • Pro Forma/Market Rent: $35,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: 12.61
  • Gross Scheduled Income: --
  • Net Operating Income: $238,168
  • Gross Operating Income: $342,393
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2615 S Victoria Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • None
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 20
  • Parcel Number: 5050001013
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled, Repairs Cosmetic, Repairs Major
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North of Jefferson Blvd, South of Adams Blvd, East Buckingham Rd, of West of Crenshaw Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2615 S Victoria Ave

Last sold for $4,300,000 on January 10th, 2023

  • January, 2023

  • Jan 10, 2023

    Date

    Sold

    CRMLS: 22175291

    $4,300,000

    Price

  • Jul 12, 2022

    Date

    Active

    CRMLS: 22175291

    $4,475,000

    Price

  • August, 2022

  • Aug 1, 2022

    Date

    Expired

    CRMLS: 22137469

    $4,650,000

    Price

  • Mar 17, 2022

    Date

    Active

    CRMLS: 22137469

    $5,175,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2022

  • Jul 2, 2022

    Date

    Expired

    CRMLS: 22163504

    $4,640,000

    Price

  • Jun 2, 2022

    Date

    Active

    CRMLS: 22163504

    $4,640,000

    Price

  • Listing provided courtesy of CRMLS

    Built in 1927, 2615 S Victoria Avenue is a well maintained 20-unit apartment complex located in the charming West Adams neighborhood of Los Angeles. All units consist of one-bedroom, one-bathroom units- sixteen of which have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property has had numerous upgrades such as copper plumbing throughout, electrical service and panels, partial roof replacement, new exterior paint, and landscaping. There are multiple on-site storage rooms for the Owner's use or for potential added income. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside both in rent and neighborhood appreciation. Conveniently located in the West Adams commercial corridor, 2615 S Victoria Avenue provides residents easy access to numerous destinations in Los Angeles. The property features a stellar 81 walk score and is central to major employment hubs, freeways, and points of interest alike. Additionally, the property lies a mere 10-minute drive from trendy Culver City, Downtown Los Angeles, and the University of Southern California. Tenants who prefer public transit can easily access the Crenshaw and Exposition metro station that stretches from Downtown Santa Monica to Downtown Los Angeles with upcoming service to both Inglewood and LAX.

  • October, 2015

  • Oct 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,500,000

    Price

Show More

Tax History for 2615 S Victoria Ave

Assessed Value (2020): $2,706,080
Year Land Value Improved Value Assessed Value
2020 $1,894,256 $811,824 $2,706,080

Home Value Compared to the Market

This property vs the competition

2615 S Victoria Ave sold on January 10, 2023 for 273.95% 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 $343.21 per/sqft which puts the price per square foot 54.54% lower than the current median sale per square foot for the city of Los Angeles.

About 2615 S Victoria Ave

Detailed summary of property

2615 S Victoria Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 1 bedrooms, 1 bathrooms, roughly 12,966 living square feet, and sits on an approximately 12,579 square foot lot. 2615 S Victoria Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $4,300,000. 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 273.95% higher than the current median priced home. Local homes that are currently for sale include 2176 S Venice Blvd, 821 S Wilton Pl and 914 S Gramercy Dr. While the average home in Los Angeles, CA is selling in 92 days, 2615 S Victoria Ave has a days on market of 57 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2615 S Victoria 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 2615 S Victoria Ave

Public county record property details
Beds
20
Baths
20
Year built
1927
Sq. Ft.
12,966
Lot Size
12,578
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
27,28
APN
5050-001-013

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
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Recently Sold Homes Near 2615 S Victoria Ave

2627 Victoria Ave, Los Angeles, CA 90016
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2614 S Victoria Ave, Los Angeles, CA 90016
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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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