Search
2615 Somerset Dr, Los Angeles, CA 90016
Image 2 for 2615 Somerset Dr, Los Angeles, CA 90016
Image 3 for 2615 Somerset Dr, Los Angeles, CA 90016
View Photos

2615 Somerset Dr Los Angeles, CA 90016

$1,299,000
  • 4 Beds
  • 4 Baths
  • 2,083 Sq.Ft.
Back Up Offer
$1,299,000 Get Pre-Qualified
Map preview of 2615 Somerset Dr, Los Angeles, CA 90016

Property Overview: 2615 Somerset Dr Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,083 living square feet and 6,285 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: Somerset Bungalows is a well maintained 4 plex located in trendy West Adams. There are two 2 unit detached buildings. Each unit is 1 bed 1 bath. Total rents is $7432/mo or $89,184/year. In the front building, unit 1 rent is $1872/mo, unit 2 is $1760/mo. In the back building, unit 3 rent is $1900/mo, unit 4 is $1900/mo. Unit 4 has given notice to vacate and will be vacant by mid May. Proforma rents indicate $2050/mo for each unit or $98,400/year. The garage is prime for an ADU conversion with easy access from the alley. Buyer to confirm. Yard has been zero-scaped for low water usage. Owner only pays for water, gardener, and sewer. Laundry on site. Owner has made many improvements.

Listed by Aram Gaboudian | BRE #01493911 | Keller Williams Downtown LA
Last checked: 8 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 19
Get a $3,897 Cash Reward New

Buy this home with Ardent Real Estate Group and get $3,897 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,285
HOA Dues
$0/mo
Year built
1927
Garage
2 Car
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24379993
City
Los Angeles
County
Los Angeles
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,760
  • Total Rent: $1,760
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,872
  • Pro Forma/Market Rent: $2,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: --
  • Net Operating Income: $73,611
  • Gross Operating Income: $89,184
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2615 Somerset Dr

No upcoming open houses

Schedule Tour

Property Details for 2615 Somerset Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • Total # of Units: 4
  • Parcel Number: 5050002024
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West Adams Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 2615 Somerset Dr

Last sold for $617,000 on November 10th, 2016

  • April, 2024

  • Apr 29, 2024

    Date

    Back Up Offer

    CRMLS: 24379993

    $1,299,000

    Price

  • Apr 15, 2024

    Date

    Active

    CRMLS: 24379993

    $1,299,000

    Price

  • November, 2016

  • Nov 10, 2016

    Date

    Sold

    CRMLS: 16143304

    $650,000

    Price

  • Jul 13, 2016

    Date

    Price Change

    CRMLS: 16143304

    $620,000

    Price

  • Listing provided courtesy of CRMLS

    Great Income Opportunity in Los Angeles- A 4 unit Property with great potential. Definitely in need of Tender Love and Care. Looking for that perfect buyer. Lots of development in area - nice location. Seller needs to sell. Front units have washer and dryer hook-ups. Rear units are side-by-side. Tenant occupied.

  • November, 2016

  • Nov 10, 2016

    Date

    Sold (Public Records)

    Public Records

    $617,000

    Price

  • August, 2003

  • Aug 15, 2003

    Date

    Sold (Public Records)

    Public Records

    $259,000

    Price

Show More

Tax History for 2615 Somerset Dr

Assessed Value (2020): $654,551
Year Land Value Improved Value Assessed Value
2020 $425,331 $229,220 $654,551

Home Value Compared to the Market

This property vs the competition

2615 Somerset Dr is listed 6.04% 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 $623.62 per/sqft which puts the price per square foot 19.43% lower than the median price per square foot for the city of Los Angeles.

About 2615 Somerset Dr

Detailed summary of property

2615 Somerset Dr is a multi family located in Los Angeles, CA 90016 and is currently in escrow to be sold. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,083 living square feet, and sits on an approximately 6,285 square foot lot. 2615 Somerset Dr was first listed on ArdentRealEstateGroup.com on April 15, 2024. The homeowner is currently asking $1,299,000. 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 6.04% higher than the median priced home. Local competing homes currently for sale include 2009 Claudina Ave, 4723 Pickford St and 4840 Mascot St. While the average home in Los Angeles, CA is selling in 96 days, 2615 Somerset Dr has a days on market of 19 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 2615 Somerset Dr 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 Somerset Dr

Public county record property details
Beds
4
Baths
4
Year built
1927
Sq. Ft.
2,054
Lot Size
6,283
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
66
APN
5050-002-024

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
$1,100,000
Median List Price/Sq.Ft.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
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%)

Tour This Home

Buy with Ardent Real Estate Group and save $3,897.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $3,897 Cash Reward New

Buy this home with Ardent Real Estate Group and get $3,897 back.

Call/Text (714) 706-1823

Homes for Sale Near 2615 Somerset Dr

Nearby Homes for Sale

2312 West Blvd, Los Angeles, CA 90016
$1,100,000
4 Beds
4 Baths
4056 Sq.Ft.
2312 West Blvd
Los Angeles, CA 90016
2818 S Bronson Ave, Los Angeles, CA 90018
$1,525,000
15 Beds
12 Baths
4754 Sq.Ft.
2818 S Bronson Ave
Los Angeles, CA 90018
2546 S Bronson Ave, Los Angeles, CA 90018
$1,250,000
5 Beds
4 Baths
3207 Sq.Ft.
2546 S Bronson Ave
Los Angeles, CA 90018
2546 S Bronson Ave, Los Angeles, CA 90018
$1,250,000
5 Beds
4 Baths
3207 Sq.Ft.
2546 S Bronson Ave
Los Angeles, CA 90018
3809 W 30th St, Los Angeles, CA 90016
$1,350,000
13 Beds
10 Baths
5213 Sq.Ft.
3809 W 30th St
Los Angeles, CA 90016
2531 Hillcrest Dr, Los Angeles, CA 90016
$1,249,000
6 Beds
6 Baths
3122 Sq.Ft.
2531 Hillcrest Dr
Los Angeles, CA 90016
2314 Crenshaw Blvd, Los Angeles, CA 90016
$1,500,000
20 Beds
10 Baths
5184 Sq.Ft.
2314 Crenshaw Blvd
Los Angeles, CA 90016
2032 S Palm Grove Ave, Los Angeles, CA 90016
$1,295,000
4 Beds
3 Baths
2102 Sq.Ft.
2032 S Palm Grove Ave
Los Angeles, CA 90016

Recently Sold Homes Near 2615 Somerset Dr

2616 Somerset Dr, Los Angeles, CA 90016
$1,050,000 Last Sold Price
20 Beds
10 Baths
4792 Sq.Ft.
2616 Somerset Dr
Los Angeles, CA 90016
2616 Wellington Rd, Los Angeles, CA 90016
$1,175,000 Last Sold Price
3 Beds
3 Baths
2267 Sq.Ft.
2616 Wellington Rd
Los Angeles, CA 90016
2615 S Victoria Ave, Los Angeles, CA 90016
$4,300,000 Last Sold Price
1 Beds
1 Baths
12966 Sq.Ft.
2615 S Victoria Ave
Los Angeles, CA 90016
2627 Victoria Ave, Los Angeles, CA 90016
$1,260,000 Last Sold Price
9 Beds
8 Baths
3900 Sq.Ft.
2627 Victoria Ave
Los Angeles, CA 90016

Related Resources to 2615 Somerset Dr

New Listings in 90016
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call