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2625 W Avenue 35, Los Angeles, CA 90065
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2625 W Avenue 35 Los Angeles, CA 90065

$1,110,000 Sold Price as of 05/29/2020
  • 6 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$1,110,000 Sold Price as of 05/29/2020 Refinance Your Mortgage
Map preview of 2625 W Avenue 35, Los Angeles, CA 90065

Property Overview: 2625 W Avenue 35 Los Angeles, CA has 6 bedrooms, 4 bathrooms, -- living square feet and 6,671 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale this rare 4 unit mid-century construction building in one of LA's most up and coming neighborhoods - Glassell Park! With (2) Units DELIVERED VACANT, the investment provides an opportunity for immediate upside potential OR an owner-user opportunity. The property is composed of (2) 2 Bedroom & 1 Bathroom Units (VACANT UNITS) and (2) 1 Bedroom & 1 Bathroom Units that have upgraded plumbing, floors and kitchens. The drive-way leading to the tenants 4 surface space parking spots and (2) large vacant garages with the capacity of 4 cars has new asphalt. Each unit has views of Griffith Observatory as well as of the hillsides and sunsets and is nestled between a residential neighborhood allowing for above market rents. The owner has resided on-site for many years and has maintained and taken care of the property. Drive by Only - Email for Offering Memorandum.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
6,671
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20567650
City
Los Angeles
County
Los Angeles
Time on Site
1355 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $870
  • Total Rent: $870
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.05
  • Gross Scheduled Income: --
  • Net Operating Income: $60,190
  • Gross Operating Income: $82,819
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2625 W Avenue 35

Interior Features
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5460005006
Location / Neighborhood
Location Information
  • Directions: Off of Eagle Rock Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2625 W Avenue 35

Last sold for $1,110,000 on May 29th, 2020

  • May, 2020

  • May 29, 2020

    Date

    Sold

    CRMLS: 20567650

    $1,110,000

    Price

  • May 21, 2020

    Date

    Pending

    CRMLS: 20567650

    $1,200,000

    Price

  • Mar 30, 2020

    Date

    Active

    CRMLS: 20567650

    $1,200,000

    Price

  • May, 2020

  • May 29, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,110,000

    Price

  • May, 2006

  • May 24, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2625 W Avenue 35

Assessed Value (2020): $401,550
Year Land Value Improved Value Assessed Value
2020 $211,882 $189,668 $401,550

Home Value Compared to the Market

This property vs the competition

2625 W Avenue 35 sold on May 29, 2020 for 7.14% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 2625 W Avenue 35

Detailed summary of property

2625 W Avenue 35 is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 6 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 6,671 square foot lot. 2625 W Avenue 35 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,110,000. 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 7.14% higher than the current median priced home. Local homes that are currently for sale include 5107 N Windermere Ave, 4500 Mosher Ave and 1804 Echo Park Ave. While the average home in Los Angeles, CA is selling in 106 days, 2625 W Avenue 35 has a days on market of 37 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 2625 W Avenue 35 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 2625 W Avenue 35

Public county record property details
Beds
6
Baths
4
Year built
1954
Sq. Ft.
3,116
Lot Size
6,671
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5460-005-006

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
$1,199,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$1,253,094
Median Sold Price/Sq.Ft.
$681
Total Inventory
84
Median Sale to List Price %
100.25%
Avg Days on Market
33
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (25%), Other (15%)

Thinking of Selling?

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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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