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2734 Council St Los Angeles, CA 90026

$1,100,888 Sold Price as of 05/04/2022

9 Beds
5 Baths
3,315 Sq.Ft.

Sold

$1,100,888 Sold Price as of 05/04/2022 Refinance Your Mortgage

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Map preview of 2734 Council St, Los Angeles, CA 90026

Property Overview: 2734 Council St Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,315 living square feet and 4,807 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICED TO SELL! Great location in a walkable neighborhood and easy access to the 101 freeway. Walking distance to markets and bus stops. This is a great potential site for redevelopment with many possibilities. This building was built in 1982 with no rent control. Property is SOLD AS-IS and with current tenants in place.

Listed by RICHARD CHOW | BRE #01934980 | Gotham Elite Properties

Last checked: 12 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 4,807
HOA Dues: $0/mo
Year built: 1982
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: WS22057387
City: Los Angeles
County: Los Angeles
Time on Site: 790 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,375
Total Rent: $1,375
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,260
Total Rent: $1,260
Pro Forma/Market Rent: $2,600

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,170
Total Rent: $1,170
Pro Forma/Market Rent: $2,600

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $960
Total Rent: $960
Pro Forma/Market Rent: $1,800

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $935
Total Rent: $935
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $68,400
Net Operating Income: $56,400
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $12,000
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 2734 Council St

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 5

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 5
Parcel Number: 5156021009
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Coucil Street and Rampart

Neighborhood Information

Community Features: Urban

View more facts & features

Local Los Angeles Agent

Sale History for 2734 Council St

Last sold for $1,100,888 on May 4th, 2022

May, 2022
May 4, 2022

Date

Sold

CRMLS: WS22057387

$1,100,888

Price
Mar 22, 2022

Date

Active

CRMLS: WS22057387

$1,250,000

Price
October, 1993
Oct 22, 1993

Date

Sold (Public Records)

Public Records

$220,000

Price
August, 1993
Aug 13, 1993

Date

Sold (Public Records)

Public Records

$211,193

Price

Tax History for 2734 Council St

Assessed Value (2020): $343,689

Year	Land Value	Improved Value	Assessed Value
2020	$186,485	$157,204	$343,689

Home Value Compared to the Market

This property vs the competition

2734 Council St sold on May 4, 2022 for 5.04% higher 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 $377.07 per/sqft which puts the price per square foot 50.06% lower than the current median sale per square foot for the city of Los Angeles.

About 2734 Council St

Detailed summary of property

2734 Council St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 3,315 living square feet, and sits on an approximately 4,807 square foot lot. 2734 Council St was first listed on ArdentRealEstateGroup.com on March 23, 2022. The homeowner sold the property for $1,100,888. 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 5.04% higher than the current median priced home. Local homes that are currently for sale include 307 S Burlington Ave, 1922 Santa Ynez St and 1309 N Coronado St. While the average home in Los Angeles, CA is selling in 92 days, 2734 Council St has a days on market of 10 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2734 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 2734 Council St

Public county record property details

Beds: 8
Baths: 5
Year built: 1982
Sq. Ft.: 3,315
Lot Size: 4,807
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9
APN: 5156-021-009

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

$1,300,000

Median List Price/Sq.Ft.

$766

Median Sold Price

$1,450,000

Median Sold Price/Sq.Ft.

$817

Total Inventory

Median Sale to List Price %

105.92%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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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.