2618 W Avenue 31 Los Angeles, CA 90065

$1,590,000 Sold Price as of 09/07/2018

15 Beds
8 Baths
6,092 Sq.Ft.

Off Market

$1,590,000 Sold Price as of 09/07/2018 Refinance Your Mortgage

Map preview of 2618 W Avenue 31, Los Angeles, CA 90065

Property Overview: 2618 W Avenue 31 Los Angeles, CA has 15 bedrooms, 8 bathrooms, 6,092 living square feet and 12,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2618 W Avenue 31 is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2618 W Avenue 31

Last sold for $1,590,000 on September 7th, 2018

September, 2018
Sep 7, 2018

Date

Sold

CRMLS: 18368228

$1,590,000

Price
Aug 7, 2018

Date

Pending

CRMLS: 18368228

$1,550,000

Price
Jul 31, 2018

Date

Active Under Contract

CRMLS: 18368228

$1,550,000

Price
Jul 24, 2018

Date

Active

CRMLS: 18368228

$1,550,000

Price
Listing provided courtesy of CRMLS

Pleased to present 2618 Avenue 31, a 7-unit, value-add investment in the Glassell Park Neighborhood. The subject property represents anexceptional investment opportunity to acquire an asset with over 100% upside potential in rental income. Current ownership has invested nearly $100,000 in capital improvements including a cool roofing installation that significantly reduces heat transfer to the building. This dynamic upgrade additionally increases durability of the roof while reducing overall utility expenditures for tenants. The property's exterior was also coated with non-reflective paint to compliment its overall efficiency upgrades. Brand new windows and copper plumbing in 2003 round off the list of property renovations. The asset additionally benefits from a desirable unit mix comprised of 6 two-bedroom/one-bath units, and 1 three-bed / 1.5-bath unit. Individual units are outfitted with wall-mounted air conditioning, refrigerators, garbage disposals, and gas stoves/ovens.

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September, 2018
Sep 7, 2018

Date

Sold (Public Records)

Public Records

$1,590,000

Price

Tax History for 2618 W Avenue 31

Assessed Value (2020): $1,621,800

Year	Land Value	Improved Value	Assessed Value
2020	$907,800	$714,000	$1,621,800

About 2618 W Avenue 31

Detailed summary of property

2618 W Avenue 31 is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90065 and last sold on September 7, 2018 for $1,590,000. This property has 15 bedrooms, 8 bathrooms, roughly 6,092 living square feet, and sits on an approximately 12,000 square foot lot. Homes 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 33.61% higher than the current median priced home. 2618 W Avenue 31 was last sold on September 7, 2018 for $1,590,000. Local nearby listings include 3015 Future Pl, 3901 Eagle Rock Blvd #18 and 2642 Queen St. The average home in Los Angeles, CA is selling in 92 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. If you are the homeowner and looking to sell the home at 2618 W Avenue 31 Los Angeles, CA 90065 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2618 W Avenue 31

Public county record property details

Beds: 15
Baths: 8
Year built: 1963
Sq. Ft.: 6,092
Lot Size: 12,000
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 101,102
APN: 5457-011-033

The source for these homes facts are from public records.

90065 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,181,935

Median List Price/Sq.Ft.

$746

Median Sold Price

$1,029,752

Median Sold Price/Sq.Ft.

$695

Total Inventory

Median Sale to List Price %

101.06%

Avg Days on Market

Loan Type

Conventional (18.75%), FHA (0%), VA (0%), Cash (12.5%), Other (6.25%)

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(714) 706-1823

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