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2616 Somerset Dr, Los Angeles, CA 90016
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2616 Somerset Dr Los Angeles, CA 90016

$1,050,000 Sold Price as of 01/23/2023
  • 20 Beds
  • 10 Baths
  • 4,792 Sq.Ft.
Sold
$1,050,000 Sold Price as of 01/23/2023 Refinance Your Mortgage
Map preview of 2616 Somerset Dr, Los Angeles, CA 90016

Property Overview: 2616 Somerset Dr Los Angeles, CA has 20 bedrooms, 10 bathrooms, 4,792 living square feet and 6,286 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to own a 4 well maintained two story Spanish style income property in the highly desired mid city area. All units are spacious 2 bedroom and 1 bathroom with nice size living room and dining room. Curved interior arches with all original architectural characteristic and spacious balcony. Four one car garages with security gate. This property is located within the city of Los Angeles zoning area of LARD1.5 which may allow for additional unit to be built, check with city of Los Angeles. Property is subject to Rent stabilization Ordinance. Property will be sold "AS-IS" condition with current tenants in place. Submit offers subject to interior inspection. Do not walk on the property or disturb the tenants. DRIVE BY ONLY. Motivated Seller.

Listed by David Moradifar | BRE #01881072 | HomeSmart, Evergreen Realty
Co-listed by Mitra Moradifar | BRE #01230785 | Compass
Last checked: 1 minute ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 155

Home details

Lot Sq. Ft
6,286
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22157893
City
Los Angeles
County
Los Angeles
Time on Site
731 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $945
  • Total Rent: $945
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,369
  • Total Rent: $1,369
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $50,988
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2616 Somerset Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 5050001012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Adams Blvd. & Somerset Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 2616 Somerset Dr

Last sold for $1,050,000 on January 23rd, 2023

  • January, 2023

  • Jan 23, 2023

    Date

    Sold

    CRMLS: 22157893

    $1,050,000

    Price

  • May 17, 2022

    Date

    Active

    CRMLS: 22157893

    $1,295,000

    Price

  • May, 2016

  • May 11, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2016

  • Apr 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $865,000

    Price

Show More

Tax History for 2616 Somerset Dr

Assessed Value (2020): $936,302
Year Land Value Improved Value Assessed Value
2020 $649,458 $286,844 $936,302

Home Value Compared to the Market

This property vs the competition

2616 Somerset Dr sold on January 23, 2023 for 3.36% 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 $239.98 per/sqft which puts the price per square foot 68.21% lower than the current median sale per square foot for the city of Los Angeles.

About 2616 Somerset Dr

Detailed summary of property

2616 Somerset Dr is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 20 bedrooms, 10 bathrooms, roughly 4,792 living square feet, and sits on an approximately 6,286 square foot lot. 2616 Somerset Dr was first listed on ArdentRealEstateGroup.com on May 17, 2022. The homeowner sold the property for $1,050,000. 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 3.36% lower than the current median priced home. Local homes that are currently for sale include 2524 S Sycamore Ave, 1510 S Bronson Ave and 2530 S Sycamore Ave. While the average home in Los Angeles, CA is selling in 92 days, 2616 Somerset Dr has a days on market of 155 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 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 2616 Somerset Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
4,792
Lot Size
6,286
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5050-001-012

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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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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