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2733 Council St, Los Angeles, CA 90026
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2733 Council St Los Angeles, CA 90026

$918,900
  • 5 Beds
  • 4 Baths
  • 2,486 Sq.Ft.
For Sale
$918,900 Get Pre-Qualified
Map preview of 2733 Council St, Los Angeles, CA 90026

Property Overview: 2733 Council St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,486 living square feet and 4,801 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: Discover the investment potential of 2733 Council Street, a fully occupied 4-plex nestled in the heart of vibrant Historic Filipino Town, adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. This property offers a compelling blend of stable income and significant growth potential. Ideal for savvy investors and developers. The unit mix comprises one 2-bedroom and three 1-bedroom units, all occupied by longer-term tenants providing a reliable income flow. With current rents, there is substantial opportunity to increase revenue upon unit turnover, relocation, or development, within the constraints of the LA City RSO. This property is perfect for portfolio diversification or as a strategic 1031 exchange. The ease of managing this property, with no immediate need for significant upgrades, makes it a low maintenance investment. Proximity to major attractions and thoroughfares enhances tenant appeal and supports sustained rental demand. Engage with this stable, income-producing property today and secure your foothold in one of LA's burgeoning neighborhoods.

Listed by Christie Thomas | BRE #01793080 | Coldwell Banker Champion Realty
Last checked: 13 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24385691
City
Los Angeles
County
Los Angeles
Time on Site
7 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: $1,544
  • Total Rent: $1,544
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,302
  • Total Rent: $1,302
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $878
  • Total Rent: $878
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $808
  • Total Rent: $808
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2733 Council St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 5156022020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd Near Occidental Blvd, West of Benton Way
View more facts & features

Local Los Angeles Agent

Sale History for 2733 Council St

View property's historical transactions

  • May, 2024

  • May 1, 2024

    Date

    Active

    CRMLS: 24385691

    $918,900

    Price

  • April, 2024

  • Apr 30, 2024

    Date

    Canceled

    CRMLS: 23325211

    $1,079,000

    Price

  • Nov 7, 2023

    Date

    Active

    CRMLS: 23325211

    $1,175,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 2733 Council Street, a 4-plex (LARD1.5 Zoning) in Rampart Village, conveniently situated adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. The multi-unit income property consists of ONE 2 bed + 1 bath and THREE 1 bed + 1 bath units.

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Tax History for 2733 Council St

Assessed Value (2020): $222,182
Year Land Value Improved Value Assessed Value
2020 $67,614 $154,568 $222,182

Home Value Compared to the Market

This property vs the competition

2733 Council St is listed 26.43% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $369.63 per/sqft which puts the price per square foot 52.24% lower than the median price per square foot for the city of Los Angeles.

About 2733 Council St

Detailed summary of property

2733 Council St is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 2,486 living square feet, and sits on an approximately 4,801 square foot lot. 2733 Council St was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $918,900. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 26.43% lower than the median priced home. Local competing homes currently for sale include 313 N Westlake Ave, 800-806 Rosemont Ave and 311 S Burlington Ave. While the average home in Los Angeles, CA is selling in 93 days, 2733 Council St has a days on market of 9 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 2733 Council St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2733 Council St

Public county record property details
Beds
5
Baths
4
Year built
1960
Sq. Ft.
2,486
Lot Size
4,800
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5156-022-020

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
62
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Recently Sold Homes Near 2733 Council St

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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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