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2621 Chariton St Los Angeles, CA 90034

$2,700,000
  • 14 Beds
  • 8.5 Baths
  • 7,006 Sq.Ft.
For Sale
$2,700,000 Get Pre-Qualified
Map preview of 2621 Chariton St, Los Angeles, CA 90034

Property Overview: 2621 Chariton St Los Angeles, CA has 14 bedrooms, 8.5 bathrooms, 7,006 living square feet and 7,496 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: An 8 unit apartment building investment opportunity located at 2621 Chariton St, Los Angeles 90034. The subject property is located in the very desirable area of Los Angeles just adjacent to Culver City. Great unit mix six (6) two bedrooms +1 Bath, (1) Two bedrooms+1.5 bath and (2) 1 bedroom + 1 bath apartments. Building is situated on a large 7494 Sq. Ft of area lot, R-3 Zone. Property features include balconies or patios for all units, on site laundry facilities, separate gas / electrical meters and off street parking , close to shopping, dining, school, and entertainment hot spots. Close to Culver City Art District, Silicon Beach and close proximity to 405, 10, 110 freeways and just a short drive to the beach. This offering provides a great opportunity for an investor to be in a prime Culver City adjacent location with Huge upside potential to increase value. Excellent unit mix with approximately 50% upside in the rents.. Great investment property adjacent 9 unit building at 2015 is also for sale by same owner, properties are in TOC and all together they would make a great project to build

Listed by Mansour Bigdeli | BRE #01328403 | Century 21 Union Realty
Last checked: 11 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 173
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Home details

Lot Sq. Ft
7,496
HOA Dues
$0/mo
Year built
1963
Garage
9 Car
Property Type:
Apartment
Status
Active
MLS#
SB23208703
City
Los Angeles
County
Los Angeles
Time on Site
174 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,868
  • Total Rent: $1,868
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,074
  • Total Rent: $1,074
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,183
  • Total Rent: $2,183
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,762
  • Total Rent: $1,762
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,083
  • Total Rent: $1,083
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,071
  • Total Rent: $1,071
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,663
  • Total Rent: $1,663
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.73%
  • Gross Rent Multiplier: 17.71
  • Gross Scheduled Income: $152,426
  • Net Operating Income: $100,649
  • Gross Operating Income: $152,426
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $51,777
  • Electric: $1,424
  • Gas/Fuel: $4,976
  • Licenses: $185
  • New Taxes: $33,750
  • Trash: $0
  • Gardener: $900
  • Insurance: $2,801
  • Professional Management: $0
  • Water/Sewer: $7,741

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Property Details for 2621 Chariton St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 18
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5065010026
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Venice Blvd Just West of La Cienega Ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2621 Chariton St

Last sold for $2,220,000 on July 6th, 2018

  • April, 2024

  • Apr 8, 2024

    Date

    Expired

    CRMLS: SR24026395

    $2,750,000

    Price

  • Feb 22, 2024

    Date

    Active

    CRMLS: SR24026395

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this meticulously updated four-unit property nestled in a desirable & convenient neighborhood of Los Angeles. This property boasts four units, each offering 2 bedrooms and 1 bath, providing comfortable and modern living spaces with completely updated interiors. Every unit has undergone a comprehensive renovation, featuring new plumbing, electrical systems, new heating & A/C, tankless water heaters, NEW doors, windows and flooring. Each residence is equipped with a convenient in-unit washer and dryer, dishwasher, stove, oven, and refrigerator, ensuring convenience and comfort for residents. The property has off-street parking, and each unit is separately metered for gas and electricity, providing flexibility and convenience in utility management. Situated in a prime location, this property offers easy access to shopping and transportation hubs, providing residents with unparalleled convenience in daily commuting and accessing amenities. *Investment Opportunity: No need to take the many years required to bring a tenant's rent up to market, these units are already providing a good return. The recent upgrades and the property's excellent location contribute to a high-income potential for each unit, presenting an exceptional opportunity for investors or owner-users seeking a lucrative investment in the thriving Los Angeles real estate market. One unit is vacant, so rent it out to increase your return, or occupy it yourself for a great owner-user opportunity! *Future Expansion Potential: Furthermore, the property comes with Ready-To-Issue (RTI) plans for two additional units, allowing for future expansion and increased rent potential, providing added value for the savvy investor. This property is a rare find, offering updated units, excellent income with even more potential, convenient amenities, and the prospect for future expansion in one of Los Angeles' most sought-after neighborhoods. Don't miss this opportunity to own a prime piece of real estate!

  • November, 2023

  • Nov 9, 2023

    Date

    Active

    CRMLS: SB23208703

    $2,950,000

    Price

  • July, 2018

  • Jul 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,220,000

    Price

  • July, 2018

  • Jul 5, 2018

    Date

    Sold

    CRMLS: 18324932

    $2,220,000

    Price

  • May 29, 2018

    Date

    Active Under Contract

    CRMLS: 18324932

    $2,345,000

    Price

  • Mar 20, 2018

    Date

    Active

    CRMLS: 18324932

    $2,345,000

    Price

  • Listing provided courtesy of CRMLS

    For sale, an eight (8) unit apartment building investment opportunity located at 2621 Chariton St, Los Angeles 90034. The subject property is located in the very desirable area of Los Angeles just adjacent to Culver City. Great unit mix six (6)two bedrooms and 1.5 bath and two (1) 1 bedroom + 1 bath apartments. Building is situated on a large 7493 Sq. Ft of area lot, R-3 Zone. Property features include balconies or patios for all units, on site laundry facilities, separate gas / electrical meters and off street parking , close to shopping, dining, school, and entertainment hot spots. Close to proximity to freeways and just a short drive to the beach. This offering provides a great opportunity for an investor to be in a prime Culver City adjacent location with Huge upside potential to increase value. Excellent unit mix with approximately 40% upside in the rents.. Ideal property for owner/user or investmentLocated in the Palms submarket area

  • April, 2010

  • Apr 23, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2621 Chariton St

Assessed Value (2020): $2,267,300
Year Land Value Improved Value Assessed Value
2020 $1,632,000 $635,300 $2,267,300

Home Value Compared to the Market

This property vs the competition

2621 Chariton St is listed 118.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $385.38 per/sqft which puts the price per square foot 50.14% lower than the median price per square foot for the city of Los Angeles.

About 2621 Chariton St

Detailed summary of property

2621 Chariton St is a apartment located in Los Angeles, CA 90034 and is currently for sale. This apartment offers 14 bedrooms, 8.5 bathrooms, roughly 7,006 living square feet, and sits on an approximately 7,496 square foot lot. 2621 Chariton St was first listed on ArdentRealEstateGroup.com on November 9, 2023. The homeowner is currently asking $2,700,000 and was originally asking $2,950,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 118.45% higher than the median priced home. Local competing homes currently for sale include 1018 S Crescent Heights Blvd, 1119 Rexford Dr and 2942 S Orange Dr. While the average home in Los Angeles, CA is selling in 96 days, 2621 Chariton St has a days on market of 173 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 2621 Chariton St Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2621 Chariton St

Public county record property details
Beds
14
Baths
14
Year built
1963
Sq. Ft.
7,006
Lot Size
7,493
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5065-010-026

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
45
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Homes for Sale Near 2621 Chariton St

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Recently Sold Homes Near 2621 Chariton St

2614 Chariton St, Los Angeles, CA 90034
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2614 Chariton St
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2615 Chariton St, Los Angeles, CA 90034
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2615 Chariton St
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2625 Chariton St, Los Angeles, CA 90034
$1,470,500 Last Sold Price
8 Beds
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2625 Chariton St
Los Angeles, CA 90034
8612 Beverlywood St, Los Angeles, CA 90034
$1,150,000 Last Sold Price
4 Beds
4 Baths
2494 Sq.Ft.
8612 Beverlywood St
Los Angeles, CA 90034

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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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