2625 Chariton, Los Angeles, CA 90034
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2625 Chariton Los Angeles, CA 90034

$2,500,000
  • 8 Beds
  • 4 Baths
  • 3,452 Sq.Ft.
For Sale
$2,500,000 Get Pre-Qualified

Map preview of 2625 Chariton, Los Angeles, CA 90034

Property Overview: 2625 Chariton Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,452 living square feet and 7,497 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: Introducing this renovated four-unit property, nestled in the heart of a coveted Los Angeles neighborhood. Each of the four units features 2 bedrooms and 1 bath, meticulously crafted to offer modern, comfortable living spaces with completely updated interiors. Every unit has undergone a comprehensive overhaul, boasting new plumbing, electrical systems, state-of-the-art heating & A/C, along with tankless water heaters, NEW doors, windows, and flooring. Residents will find convenience in the in-unit washer and dryer, dishwasher, stove, oven, microwave and refrigerator, ensuring a seamless living experience. The property provides off-street parking and separately metered gas and electricity for each unit, offering flexibility and ease in utility management. Its prime location grants effortless access to shopping and transportation hubs, facilitating residents' daily commuting and access to amenities. *Investment Opportunity: With current rents already providing solid returns, there's no need for lengthy adjustments. The recent upgrades and prime location promise high-income potential, making it an exceptional investment opportunity in the thriving Los Angeles real estate market. One unit remains vacant, offering the option to increase returns or enjoy owner occupancy. *Future Expansion Potential: Additionally, the property comes with Ready-To-Issue (RTI) plans for two additional units, paving the way for future expansion and increased rent potential, adding further value for discerning investors. This property stands as a rare gem, offering updated units, robust income potential with room for growth, convenient amenities, and the possibility of future expansion in one of Los Angeles' most sought-after neighborhoods. Seize this opportunity to own a prime piece of real estate!

Listed by Jill Fischer-Politz | BRE #00907458 | Beverly and Company, Inc.
Last checked: 5 minutes ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 17
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,497
HOA Dues
$0/mo
Year built
1947
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
SR24065631
City
Los Angeles
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,050
  • Total Rent: $3,050
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $138,000
  • Net Operating Income: $100,908
  • Gross Operating Income: --
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $37,092
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $3,000
  • Water/Sewer: $2,292
  • Other Expenses: $30,000
  • Other Expense Description: Prop tax

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Property Details for 2625 Chariton

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Stackable, Washer Included
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Paved, Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5065110025
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: All appliances
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd, west of La Cienega
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

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Sale History for 2625 Chariton

View property's historical transactions
  • April, 2024

  • Apr 8, 2024

    Date

    Active

    CRMLS: SR24065631

    $2,500,000

    Price

Tax History for 2625 Chariton

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

2625 Chariton is listed 102.27% 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 $724.22 per/sqft which puts the price per square foot 6.31% lower than the median price per square foot for the city of Los Angeles.

About 2625 Chariton

Detailed summary of property

2625 Chariton is a fourplex located in Los Angeles, CA 90034 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,452 living square feet, and sits on an approximately 7,497 square foot lot. 2625 Chariton was first listed on ArdentRealEstateGroup.com on April 8, 2024. The homeowner is currently asking $2,500,000. 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 102.27% higher than the median priced home. Local competing homes currently for sale include 1119 Rexford Dr, 2942 S Orange Dr and 2938 S Orange Dr. While the average home in Los Angeles, CA is selling in 96 days, 2625 Chariton has a days on market of 17 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 2625 Chariton 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 2625 Chariton

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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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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.