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2731 Whittier Blvd, Los Angeles, CA 90023
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2731 Whittier Blvd Los Angeles, CA 90023

$1,410,000 Sold Price as of 12/09/2021
  • 12 Beds
  • 6 Baths
  • 3,840 Sq.Ft.
Sold
$1,410,000 Sold Price as of 12/09/2021 Refinance Your Mortgage
Map preview of 2731 Whittier Blvd, Los Angeles, CA 90023

Property Overview: 2731 Whittier Blvd Los Angeles, CA has 12 bedrooms, 6 bathrooms, 3,840 living square feet and 6,984 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 excellent investment opportunity in one of LAs most up and coming locations Boyle Heights! Minutes to DTLA's Art's District - this mid-century investment opportunity is a (6) unit building with (2) units VACANT and boasts a robust unit mix of 100% (2) Bedroom and (1) Bathroom Units. With the (2) vacant units at market rate, the investment is only 13.26 GRM, 5.01% Cap Rate, $191K per unit and yields a Cash-on-Cash return of 4.7% with only 40% down-payment. Take advantage of LA City's ADU program and add one to this property provided its lot size is 6,984 SF zoned (Q) C2-1-CUGU (Buyer to Verify feasibility) and capitalize on an up-side potential of more than 50% with significant in-place returns! Strategically located just blocks from the famous retail corridor of Cesar Chavez and within minutes to the Art's District in DTLA - 2731 Whittier Blvd provides tenants a walk score of (81), where most errands can be accomplished on foot, and a Good Transit score of (62) having many nearby public transportation options. (Q) Condition The use of the subject property shall be limited to the existing development. Such development may be reconstructed in the event of accidental destruction. Upon the abandonment of the existing development, the property may thereafter be used for the uses at the density permitted in the C1.5-1 Zone. EMAIL FOR OM - DRIVE BY ONLY - DO NOT DISTURB TENANTS.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Last checked: 5 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,984
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21797664
City
Los Angeles
County
Los Angeles
Time on Site
938 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $7,229
  • Total Rent: $7,229
  • Pro Forma/Market Rent: $10,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.26
  • Gross Scheduled Income: --
  • Net Operating Income: $57,672
  • Gross Operating Income: $85,881
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2731 Whittier Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 6
  • Parcel Number: 5185034010
Location / Neighborhood
Location Information
  • Directions: East of Soto and West of Euclid. North side of Whittier Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2731 Whittier Blvd

Last sold for $1,410,000 on December 9th, 2021

  • December, 2021

  • Dec 9, 2021

    Date

    Sold

    CRMLS: 21797664

    $1,410,000

    Price

  • Oct 21, 2021

    Date

    Active

    CRMLS: 21797664

    $1,150,000

    Price

  • July, 1999

  • Jul 22, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1998

  • Jul 7, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2731 Whittier Blvd

Assessed Value (2020): $273,901
Year Land Value Improved Value Assessed Value
2020 $74,738 $199,163 $273,901

Home Value Compared to the Market

This property vs the competition

2731 Whittier Blvd sold on December 9, 2021 for 3.36% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $299.48 per/sqft which puts the price per square foot 60.33% lower than the current median sale per square foot for the city of Los Angeles.

About 2731 Whittier Blvd

Detailed summary of property

2731 Whittier Blvd is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 3,840 living square feet, and sits on an approximately 6,984 square foot lot. 2731 Whittier Blvd was first listed on ArdentRealEstateGroup.com on October 21, 2021. The homeowner sold the property for $1,410,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 3.36% lower than the current median priced home. Local homes that are currently for sale include 945 Record Ave, 3538 City Terrace Dr and 801 N Hazard. While the average home in Los Angeles, CA is selling in 94 days, 2731 Whittier Blvd has a days on market of 20 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2731 Whittier Blvd Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2731 Whittier Blvd

Public county record property details
Beds
12
Baths
6
Year built
1960
Sq. Ft.
3,840
Lot Size
6,984
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5185-034-010

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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Homes for Sale Near 2731 Whittier Blvd

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Recently Sold Homes Near 2731 Whittier Blvd

740 Orme Ave, Los Angeles, CA 90023
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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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