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2616 Alsace Ave Los Angeles, CA 90016

$999,000 Sold Price as of 02/10/2022

3 Beds
2 Baths
1,666 Sq.Ft.

Sold

$999,000 Sold Price as of 02/10/2022 Refinance Your Mortgage

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Map preview of 2616 Alsace Ave, Los Angeles, CA 90016

Property Overview: 2616 Alsace Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,666 living square feet and 4,816 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: VACANT VACANT in a good Location Two units #Adans Thi si a good #opportunity for a family who live in one and rent the second or investor who wants to make monthly income, in #LARD2 zoning on a quiet street. This #property consists of 2 separate gated homes whit big pati between perfect for family reunions or parties,The main house is 2BR/1BA can easily be converted in 3 bedrooms ,with lovely curb appeal and features central A/C and heat, original hardwood floors, separate Dining Room and Living Room & long driveway leads to the detached rear unit above the #2-car garage. This unit is 2BR/1BA (title records indicate 1BR/1BA) with newer hardwood flooring... a big storage rooms attached to the garage create potential for an #ADU expanding the property into a triplex. Washer/dryer hookups in both units, #with Separate electric meters. #Located close Down town LA & Santa Monica & shoping senters,stores and restaurants and easy acces to 10 freway, Don't miss the opportunity to own property that is inceasing in value day after day.

Listed by Jose Castaneda | BRE #01751082 | Century 21 Realty Masters

Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 47

Home details

Lot Sq. Ft: 4,816
HOA Dues: $0/mo
Year built: 1938
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: DW21237200
City: Los Angeles
County: Los Angeles
Time on Site: 935 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $2,800
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $2,300
Pro Forma/Market Rent: $2,300

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $44,400
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 2616 Alsace Ave

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 5049017004
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: South of 10 FW South Adans

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Los Angeles Agent

Sale History for 2616 Alsace Ave

Last sold for $999,000 on February 10th, 2022

February, 2022
Feb 10, 2022

Date

Sold

CRMLS: DW21237200

$999,000

Price
Jan 5, 2022

Date

Active

CRMLS: DW21237200

$999,000

Price
Dec 29, 2021

Date

Pending

CRMLS: DW21237200

$999,000

Price
August, 2021
Aug 20, 2021

Date

Withdrawn

CRMLS: 21726390

$945,000

Price
Jun 28, 2021

Date

Active

CRMLS: 21726390

$945,000

Price
May 29, 2021

Date

Hold

CRMLS: 21726390

$945,000

Price
May 3, 2021

Date

Active

CRMLS: 21726390

$945,000

Price
Listing provided courtesy of CRMLS

Prime West Adams opportunity for multifamily investor in LARD2 zoning on a quiet street. This property consists of 2 separate homes and is gated for privacy. The main house is 2BR/1BA with lovely curb appeal and features central A/C and heat, original hardwood floors, as well as separate Dining Room and Living Room. A long driveway leads to the detached rear unit above the 2-car garage. This unit is 2BR/1BA (title records indicate 1BR/1BA) with newer hardwood flooring. Extra storage rooms attached to the spacious garage create potential for an ADU expanding the property into a triplex. Washer/dryer hookups in both units. Separate electric meters. Located close to trendy shops and restaurants in Culver City as well as the Expo Line which runs from DTLA to Santa Monica. Don't miss a rare chance to purchase in this hot, burgeoning L.A. neighborhood! Significant upside potential in rental income. Both units will be delivered vacant at close of escrow.

Continue Reading
October, 1998
Oct 7, 1998

Date

Sold (Public Records)

Public Records

$156,500

Price

Tax History for 2616 Alsace Ave

Assessed Value (2020): $487,021

Year	Land Value	Improved Value	Assessed Value
2020	$391,224	$95,797	$487,021

Home Value Compared to the Market

This property vs the competition

2616 Alsace Ave sold on February 10, 2022 for 16.05% lower 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 $599.64 per/sqft which puts the price per square foot 20.58% lower than the current median sale per square foot for the city of Los Angeles.

About 2616 Alsace Ave

Detailed summary of property

2616 Alsace Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,666 living square feet, and sits on an approximately 4,816 square foot lot. 2616 Alsace Ave was first listed on ArdentRealEstateGroup.com on October 28, 2021. The homeowner sold the property for $999,000. 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 16.05% lower than the current median priced home. Local homes that are currently for sale include 1385 S Orange Dr, 3721 Exposition Blvd and 3428 S Bronson Ave. While the average home in Los Angeles, CA is selling in 92 days, 2616 Alsace Ave has a days on market of 47 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 2616 Alsace 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 2616 Alsace Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1938
Sq. Ft.: 1,666
Lot Size: 4,816
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 260
APN: 5049-017-004

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

$1,099,000

Median List Price/Sq.Ft.

$774

Median Sold Price

$885,000

Median Sold Price/Sq.Ft.

$699

Total Inventory

Median Sale to List Price %

98.44%

Avg Days on Market

Loan Type

Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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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.