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2667 Cimarron St, Los Angeles, CA 90018
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2667 Cimarron St Los Angeles, CA 90018

$888,000 Sold Price as of 03/02/2023
  • 6 Beds
  • 2 Baths
  • 1,768 Sq.Ft.
Sold
$888,000 Sold Price as of 03/02/2023 Refinance Your Mortgage
Map preview of 2667 Cimarron St, Los Angeles, CA 90018

Property Overview: 2667 Cimarron St Los Angeles, CA has 6 bedrooms, 2 bathrooms, 1,768 living square feet and 3,874 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCTION! Beautiful cash flowing duplex just off of Adams Blvd, and close to the heart of the trendy West Adams neighborhood of Los Angeles. This completely renovated duplex consists of two 3 bed/1 bath units and includes a new roof, brand new kitchens, bathrooms, flooring, and appliances. Each unit has a one car garage and private backyard space. Opportunity to convert garages to into an ADU for added income. Quality rents generated from property with additional upside of nearly 30%. All tenants are current on rent. Property recently passed its city SCEP inspection. Hedge against inflation...live in one and rent out the other or add this low maintenance asset to your portfolio for passive cash flow!

Listed by | BRE #01880695 | Clement Partners Real Estate
Co-listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Last checked: 11 minutes ago | Last updated: March 3rd, 2023 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
3,874
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
22203129
City
Los Angeles
County
Los Angeles
Time on Site
724 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,548
  • Total Rent: $2,548
  • Pro Forma/Market Rent: $3,231
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,548
  • Total Rent: $2,548
  • Pro Forma/Market Rent: $3,231
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.02%
  • Gross Rent Multiplier: 14.7
  • Gross Scheduled Income: --
  • Net Operating Income: $45,155
  • Gross Operating Income: $59,317
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2667 Cimarron St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Two Door, Side by Side, Concrete
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 2
  • Parcel Number: 5052017030
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic, Repairs Major, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North of Jefferson Blvd, South of Adams Blvd, East of Arlington Ave, West of Western Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2667 Cimarron St

Last sold for $888,000 on March 2nd, 2023

  • March, 2023

  • Mar 2, 2023

    Date

    Sold

    CRMLS: 22203129

    $888,000

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: 22203129

    $950,000

    Price

  • September, 2016

  • Sep 13, 2016

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

  • February, 2004

  • Feb 5, 2004

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 2667 Cimarron St

Assessed Value (2020): $493,461
Year Land Value Improved Value Assessed Value
2020 $297,138 $196,323 $493,461

Home Value Compared to the Market

This property vs the competition

2667 Cimarron St sold on March 2, 2023 for 19.73% lower 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 $508.48 per/sqft which puts the price per square foot 29.77% lower than the current median sale per square foot for the city of Los Angeles.

About 2667 Cimarron St

Detailed summary of property

2667 Cimarron St is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 6 bedrooms, 2 bathrooms, roughly 1,768 living square feet, and sits on an approximately 3,874 square foot lot. 2667 Cimarron St was first listed on ArdentRealEstateGroup.com on September 26, 2022. The homeowner sold the property for $888,000. 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 19.73% lower than the current median priced home. Local homes that are currently for sale include 3023-3025 Obama Blvd, 1722 Leighton Ave and 2001 Cambridge St. While the average home in Los Angeles, CA is selling in 106 days, 2667 Cimarron St has a days on market of 92 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 2667 Cimarron St Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2667 Cimarron St

Public county record property details
Beds
6
Baths
2
Year built
1923
Sq. Ft.
1,768
Lot Size
3,874
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5052-017-030

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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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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