2810 Leeward Ave Los Angeles, CA 90005

$5,800,000 Sold Price as of 01/22/2020

-- Beds
-- Baths
19,776 Sq.Ft.

Off Market

$5,800,000 Sold Price as of 01/22/2020 Refinance Your Mortgage

Map preview of 2810 Leeward Ave, Los Angeles, CA 90005

Property Overview: 2810 Leeward Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 19,776 living square feet and 9,429 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2810 Leeward Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2810 Leeward Ave

Last sold for $5,800,000 on January 22nd, 2020

January, 2020
Jan 22, 2020

Date

Sold (Public Records)

Public Records

$5,800,000

Price
November, 2019
Nov 2, 2019

Date

Expired

CRMLS: 19504554

$6,200,000

Price
Aug 30, 2019

Date

Active

CRMLS: 19504554

$6,200,000

Price
Listing provided courtesy of CRMLS

We are very pleased to present for sale The Leeward Apartments, a traditional brick style 36 unit apartment complex located in Los Angeles (Koreatown), CA. The offering presents a tremendous opportunity for an investor to acquire a strong performing asset at a current 4 CAP with a substantial 25% (an additional $120,000+/year) in upside potential through mainly unit turnover and renovations. The building lacks major deferred maintenance and most structural components (i.e. the roof, foundation, electrical & plumbing) are in fair condition. Building amenities include secured entry with intercom, basement janitorial section with bathroom and storage, on-site laundry facility with landlord-owned washers and dryers (2 of each) and a rear enclosed common area patio. The building is serviced by 2 gas water heaters and the plumbing is a mixture of galvanized and copper piping. The on-site manager pays their full rent and receives $1,000/month as compensation. Listed by the management co.

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August, 2019
Aug 28, 2019

Date

Canceled

CRMLS: 19477076

$6,200,000

Price
Aug 16, 2019

Date

Pending

CRMLS: 19477076

$6,200,000

Price
Jun 13, 2019

Date

Active

CRMLS: 19477076

$6,200,000

Price
Listing provided courtesy of CRMLS

1920s Beau Arts Apartments in Koreatown, 25% Upside, No Deferred Maintenance, 3 Current Vacancies. The Copley Square Apartments is a 36-unit investment opportunity located in the heart of Koreatown within the City of Los Angeles. Koreatown is the most densely-populated neighborhood in Los Angeles County with major redevelopment bringing thousands of new luxury units to the market as well as upscale dining and entertainment. Offered at a competitive cap rate on current rents and over 300k in capital improvements made since 2013. Units have nice entryways, laundry room on-site, rear patio, basement storage, master-metered, secure entry.

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October, 2013
Oct 29, 2013

Date

Sold (Public Records)

Public Records

$2,650,000

Price
September, 2013
Sep 9, 2013

Date

Price Change

CRMLS: 13663539

$2,750,000

Price
Apr 9, 2013

Date

Price Change

CRMLS: 13663539

$2,850,000

Price
Listing provided courtesy of CRMLS

Reduced! 7% return on actuals, 12% return at market. The Copley Square Apartments at 2810 Leeward Ave. in Los Angeles is a classic, 36-unit 1920s masonry/stucco apartment building located in Mid-Wilshire/Koreatown. All units have small entryways leading to the living rooms, kitchens, and bathrooms adding to their privacy and appeal. Common areas are exceptionally clean and all hallways are upgraded with dark laminate flooring. A large patio area at the rear of the property is tidy and underutilized, storage areas on every floor. Approximately 50% of the units are updated with high-quality wood laminate flooring. Major systems are in serviceable condition. The six 1+1s are leased at an average rent of $881, studios at an average of $698, and small studios (not bachelors) at an average of $651. Master metered with updated electrical service panel on breakers. Visible plumbing appears to be copper but seller does not warrant, buyer to verify. Very low historical vacancy, nice tenants.

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Tax History for 2810 Leeward Ave

Assessed Value (2020): $2,993,230

Year	Land Value	Improved Value	Assessed Value
2020	$1,681,343	$1,311,887	$2,993,230

About 2810 Leeward Ave

Detailed summary of property

2810 Leeward Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90005 and last sold on January 22, 2020 for $5,800,000. This property has -- bedrooms, -- bathrooms, roughly 19,776 living square feet, and sits on an approximately 9,429 square foot lot. Homes 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 417.86% higher than the current median priced home. 2810 Leeward Ave was last sold on January 22, 2020 for $5,800,000. Local nearby listings include 421 S La Fayette Park Pl #328, 421 S La Fayette Park Pl #709 and 421 S La Fayette Park Pl #401. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 2810 Leeward Ave Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2810 Leeward Ave

Public county record property details

Beds: --
Baths: --
Year built: 1923
Sq. Ft.: 19,776
Lot Size: 9,429
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 74
APN: 5077-020-015

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$850,000

Median List Price/Sq.Ft.

$655

Median Sold Price

$695,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

92.79%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (0%), Other (12.5%)

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(714) 706-1823

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