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2619 Pennsylvania Ave Los Angeles, CA 90033

$1,500,000 Sold Price as of 09/10/2021

18 Beds
11 Baths
5,110 Sq.Ft.

Sold

$1,500,000 Sold Price as of 09/10/2021 Refinance Your Mortgage

Map preview of 2619 Pennsylvania Ave, Los Angeles, CA 90033

Property Overview: 2619 Pennsylvania Ave Los Angeles, CA has 18 bedrooms, 11 bathrooms, 5,110 living square feet and 5,419 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 100% Vacant 6 unit building + 1 Potential ADU. Value add fixer in hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 11% Cap Rate and 7.5 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for gas and electricity and includes 3 garages with alley access and ADU potential. Rent Roll on MLS is projected as building is 100% vacant.

Listed by Hooman Emanuel | BRE #01200237 | Keller Williams Studio City

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft: 5,419
HOA Dues: $0/mo
Year built: 1963
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20663444
City: Los Angeles
County: Los Angeles
Time on Site: 1338 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,735
Total Rent: $2,735
Pro Forma/Market Rent: $2,735

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,263
Total Rent: $2,263
Pro Forma/Market Rent: $2,263

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,263
Total Rent: $2,263
Pro Forma/Market Rent: $2,263

Unit Breakdown 4

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,735
Total Rent: $2,735
Pro Forma/Market Rent: $2,735

Unit Breakdown 5

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,735
Total Rent: $2,735
Pro Forma/Market Rent: $2,735

Unit Breakdown 6

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,735
Total Rent: $2,735
Pro Forma/Market Rent: $2,735

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,263
Total Rent: $2,263
Pro Forma/Market Rent: $2,263

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 7.9
Gross Scheduled Income: --
Net Operating Income: $175,570
Gross Operating Income: $218,412

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2619 Pennsylvania Ave

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage

Property Information

Total # of Units: 7
Parcel Number: 5180010024

Location / Neighborhood

Location Information

Directions: South of E. Caesar Chavez Ave. and East of S. Soto Street in Prime Boyle Heights Location

View more facts & features

Local Los Angeles Agent

Sale History for 2619 Pennsylvania Ave

Last sold for $1,500,000 on September 10th, 2021

September, 2021
Sep 13, 2021

Date

Sold

CRMLS: 20663444

$1,500,000

Price
Jan 7, 2021

Date

Pending

CRMLS: 20663444

$1,595,000

Price
Dec 28, 2020

Date

Active

CRMLS: 20663444

$1,595,000

Price
Dec 11, 2020

Date

Pending

CRMLS: 20663444

$1,595,000

Price
Nov 24, 2020

Date

Active

CRMLS: 20663444

$1,595,000

Price
November, 2020
Nov 18, 2020

Date

Canceled

CRMLS: 20648716

$1,595,000

Price
Nov 5, 2020

Date

Price Change

CRMLS: 20648716

$1,595,000

Price
Oct 26, 2020

Date

Active

CRMLS: 20648716

$1,695,000

Price
Listing provided courtesy of CRMLS
October, 2020
Oct 16, 2020

Date

Canceled

CRMLS: 20631268

$1,695,000

Price
Oct 6, 2020

Date

Price Change

CRMLS: 20631268

$1,695,000

Price
Sep 11, 2020

Date

Active

CRMLS: 20631268

$1,795,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCED. 100% Vacant 6-unit building + 1 potential ADU. Value Add Fixer in the Hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 10.1% Cap Rate and 7.9 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for Gas & Electricity and includes 3 Garages with alley access and ADU potential. Rent roll on MLS is projected as building is 100% vacant.

Continue Reading
October, 2019
Oct 21, 2019

Date

Sold (Public Records)

Public Records

$650,000

Price
October, 2000
Oct 24, 2000

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2619 Pennsylvania Ave

Assessed Value (2020): $1,000,000

Year	Land Value	Improved Value	Assessed Value
2020	$550,000	$450,000	$1,000,000

Home Value Compared to the Market

This property vs the competition

2619 Pennsylvania Ave sold on September 10, 2021 for 42.41% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $312.13 per/sqft which puts the price per square foot 56.89% lower than the current median sale per square foot for the city of Los Angeles.

About 2619 Pennsylvania Ave

Detailed summary of property

2619 Pennsylvania Ave is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 18 bedrooms, 11 bathrooms, roughly 5,110 living square feet, and sits on an approximately 5,419 square foot lot. 2619 Pennsylvania Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.41% higher than the current median priced home. Local homes that are currently for sale include 1137 Miller Ave, 1212 S Hicks Ave and 945 record Ave. While the average home in Los Angeles, CA is selling in 106 days, 2619 Pennsylvania Ave has a days on market of 23 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2619 Pennsylvania Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2619 Pennsylvania Ave

Public county record property details

Beds: 7
Baths: 6
Year built: 1963
Sq. Ft.: 4,598
Lot Size: 5,418
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4,5
APN: 5180-010-024

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,000

Median List Price/Sq.Ft.

$444

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$700

Total Inventory

Median Sale to List Price %

96.35%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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.