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2721 Lancaster Ave, Los Angeles, CA 90033
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2721 Lancaster Ave Los Angeles, CA 90033

$670,000 Sold Price as of 10/03/2023
  • 8 Beds
  • 4 Baths
  • 2,822 Sq.Ft.
Sold
$670,000 Sold Price as of 10/03/2023 Refinance Your Mortgage
Map preview of 2721 Lancaster Ave, Los Angeles, CA 90033

Property Overview: 2721 Lancaster Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,822 living square feet and 10,109 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Units are Price to sale !!! Great Investment Opportunity to own fully occupied Quaduplex. 4 units 2 bed 1bath each, Conveniently located in the heart of Los Angeles and by Keck Hospital of USC. The property consists of 4 units total, 2 bedroom 1 bath each, for a total of 8 bedrooms and 4 baths. All units have separate meters for gas and electricity. Lot size is 10,109 square feet and is zoned LAR3. Property to be sold in it's as is condition. don't miss out on owning this great investment property.

Listed by Norma Duron | BRE #01980534 | Century 21 Allstars
Co-listed by Carlos Nogales | BRE #01920742 | Century 21 Allstars
Last checked: 9 minutes ago | Last updated: October 6th, 2023 | Source CRMLS | DOM: 318

Home details

Lot Sq. Ft
10,109
HOA Dues
$0/mo
Year built
1944
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
DW22220124
City
Los Angeles
County
Los Angeles
Time on Site
708 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: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,800
  • Net Operating Income: $29,748
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $29,477
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $3,665
  • Trash: $0
  • Insurance: $1,733
  • Water/Sewer: $0

Property Details for 2721 Lancaster Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Auto Driveway Gate
Lot Information
  • Lot Features: 2-5 Units/Acre, Walkstreet, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5202012012
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross St Murchison
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2721 Lancaster Ave

Last sold for $670,000 on October 3rd, 2023

  • October, 2023

  • Oct 3, 2023

    Date

    Sold

    CRMLS: DW22220124

    $670,000

    Price

  • Oct 11, 2022

    Date

    Active

    CRMLS: DW22220124

    $1,025,000

    Price

  • February, 1999

  • Feb 12, 1999

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

  • November, 1997

  • Nov 12, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2721 Lancaster Ave

Assessed Value (2020): $258,010
Year Land Value Improved Value Assessed Value
2020 $200,681 $57,329 $258,010

Home Value Compared to the Market

This property vs the competition

2721 Lancaster Ave sold on October 3, 2023 for 29.02% 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 $281.72 per/sqft which puts the price per square foot 61.09% lower than the current median sale per square foot for the city of Los Angeles.

About 2721 Lancaster Ave

Detailed summary of property

2721 Lancaster Ave is a fourplex that recently sold in Los Angeles, CA 90033. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 2,822 living square feet, and sits on an approximately 10,109 square foot lot. 2721 Lancaster Ave was first listed on ArdentRealEstateGroup.com on October 11, 2022. The homeowner sold the property for $670,000. 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 29.02% lower than the current median priced home. Local homes that are currently for sale include 130 S Clarence St, 5316 Ithaca Ave and 4173 Hubbard St. While the average home in Los Angeles, CA is selling in 106 days, 2721 Lancaster Ave has a days on market of 318 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 2721 Lancaster 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 2721 Lancaster Ave

Public county record property details
Beds
8
Baths
5
Year built
1944
Sq. Ft.
2,822
Lot Size
10,109
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5202-012-012

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
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

Thinking of Selling?

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(714) 706-1823

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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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