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2904 W 14Th St, Los Angeles, CA 90006
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2904 W 14Th St Los Angeles, CA 90006

$1,549,000
  • 9 Beds
  • 8 Baths
  • 4,296 Sq.Ft.
For Sale
$1,549,000 Get Pre-Qualified
Map preview of 2904 W 14Th St, Los Angeles, CA 90006

Property Overview: 2904 W 14Th St Los Angeles, CA has 9 bedrooms, 8 bathrooms, 4,296 living square feet and 6,911 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: 35 years management by the same owner located in Koreatown, Los Angeles. Huge rental upside potential, tenants own refrigerator and gas oven, the owner bears no responsibility to repair or replace. 24/7 CCTV Security Camera. New roof in 2019 with a guarantee certificate. Total parking 8 spaces. In unit washer & dryer hookups except unit 6 bachelor (no kitchen - owner pays hot water gas bill $10 per month). Owner occupied one unit to be delivered with a storage. Housing inspection done on 09/2022. Situated between two major streets Western Ave and Pico Blvd the building is walking distance to an elementary school, high school, strip shopping mall, and restaurants. Easy access to public transportation options which include bus stops and Wilshire/Western Station’s Metro B line (Red). Adjacent to USC, LA Downtown, Fashion District, Crypto.com Arena.

Listed by Sharon Chong | BRE #02153696 | Real Estate Source Inc
Last checked: 4 seconds ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 108

Home details

Lot Sq. Ft
6,911
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Apartment
Status
Active
MLS#
IN24111796
City
Los Angeles
County
Los Angeles
Time on Site
107 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $959
  • Total Rent: $959
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,415
  • Total Rent: $1,415
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,179
  • Total Rent: $1,179
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,073
  • Total Rent: $2,073
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,015
  • Total Rent: $1,015
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $914
  • Total Rent: $914
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.17%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $114,101
  • Net Operating Income: $80,022
  • Gross Operating Income: $114,101
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $34,079
  • Gas/Fuel: $120
  • New Taxes: $18,588
  • Trash: $3,549
  • Insurance: $3,684
  • Maintenance: $1,340
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $6,798
  • Other Expense Description: LADWP

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Property Details for 2904 W 14Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: On Site
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5074004009
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: NA
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 2904 W 14Th St

View property's historical transactions

  • June, 2024

  • Jun 3, 2024

    Date

    Active

    CRMLS: IN24111796

    $1,549,000

    Price

  • July, 2023

  • Jul 1, 2023

    Date

    Expired

    CRMLS: IN23052038

    $1,549,000

    Price

  • Apr 1, 2023

    Date

    Active

    CRMLS: IN23052038

    $1,549,000

    Price

  • Listing provided courtesy of CRMLS

    Same owner for 33 years, multifamily (9BR & 8BA) investment located in Koreatown, Los Angeles. Huge rental upside potential, tenants own refrigerator and gas oven, the owner bears no responsibility to repair or replace. The property is 100% occupied and collections have been 100% throughout Covid. 24/7 CCTV Security Camera. New roof in 2019 with a guarantee certificate. Building amenities include on-site parking in the rear (currently 8 cars parked) and in-unit washer hookups except 0+1. Unit 0+1 bachelor, no kitchen - owner pays hot water gas bill $10 per month. *Occasional Other Expense: Housing inspection done in 09/29/2022 - repair cost $3,920. *Insurance ($0.45/GSF). Owner occupied one unit to be delivered with a storage. Situated between two major streets Western Ave and Pico Blvd the building is walking distance to an elementary school, high school, strip shopping mall, and restaurants. Easy access to public transportation options which include bus stops and Wilshire/Western Station’s Metro B line (Red). Adjacent to USC, LA Downtown, Fashion District, Crypto.com Arena.

  • October, 2022

  • Oct 1, 2022

    Date

    Expired

    CRMLS: IN22082122

    $1,649,000

    Price

  • May 2, 2022

    Date

    Active

    CRMLS: IN22082122

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    Same owner for 33 years, multifamily (9BR & 8BA) investment located in Koreatown, Los Angeles. Huge rental upside potential, tenants own refrigerator and gas oven, the owner bears no responsibility to repair or replace. The property is 100% occupied and collections have been 100% throughout Covid. 24/7 CCTV Security Camera. New roof in 2019 with a guarantee certificate. Building amenities include on-site parking in the rear (currently 8 cars parked) and in-unit washer hookups except 0+1. Unit 0+1 bachelor, no kitchen - owner pays hot water gas bill $10 per month. Owner occupied one unit to be delivered with a storage. Situated between two major streets Western Ave and Pico Blvd the building is walking distance to an elementary school, high school, strip shopping mall, and restaurants. Easy access to public transportation options which include bus stops and Wilshire/Western Station’s Metro B line (Red). Adjacent to USC, LA Downtown, Fashion District, Crypto.com Arena.

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Tax History for 2904 W 14Th St

Assessed Value (2020): $600,545
Year Land Value Improved Value Assessed Value
2020 $480,446 $120,099 $600,545

Home Value Compared to the Market

This property vs the competition

2904 W 14Th St is listed 29.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $360.57 per/sqft which puts the price per square foot 53.05% lower than the median price per square foot for the city of Los Angeles.

About 2904 W 14Th St

Detailed summary of property

2904 W 14Th St is a apartment located in Los Angeles, CA 90006 and is currently for sale. This apartment offers 9 bedrooms, 8 bathrooms, roughly 4,296 living square feet, and sits on an approximately 6,911 square foot lot. 2904 W 14Th St was first listed on ArdentRealEstateGroup.com on June 4, 2024. The homeowner is currently asking $1,549,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 29.08% higher than the median priced home. Local competing homes currently for sale include 1109 S Ardmore Ave, 1414 S Wilton Pl and 1326 S Mariposa Ave. While the average home in Los Angeles, CA is selling in 106 days, 2904 W 14Th St has a days on market of 108 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 2904 W 14Th St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2904 W 14Th St

Public county record property details
Beds
9
Baths
8
Year built
--
Sq. Ft.
4,296
Lot Size
6,911
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5074-004-009

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
33
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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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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