2909 N North Coolidge Ave, Los Angeles, CA 90039
Image 2 for 2909 N North Coolidge Ave, Los Angeles, CA 90039
Image 3 for 2909 N North Coolidge Ave, Los Angeles, CA 90039
View Photos

2909 N North Coolidge Ave Los Angeles, CA 90039

$2,980,000
  • 8 Beds
  • 8 Baths
  • 3,580 Sq.Ft.
For Sale
$2,980,000 Get Pre-Qualified

Map preview of 2909 N North Coolidge Ave, Los Angeles, CA 90039

Property Overview: 2909 N North Coolidge Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 3,580 living square feet and 5,227 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: Introducing The Coolidge Compound, an exquisite and newly constructed Spanish Modern masterpiece nestled in the vibrant neighborhood of Frogtown. Brand new and yet to be lived in as a whole, this exceptional property boasts a rare and unique offering of four vacant units, each meticulously designed to cater to the discerning tastes of the market.This brand new property has been intelligently designed to accommodate a mix of owners, making it the ideal low-maintenance investment property for those seeking hassle-free recurring income. Owners have the option to live rent-free in one unit while the rental income from the remaining units covers the mortgage, providing a steady cash flow, equity growth, and valuable tax benefits. Keeping this in mind, the property boasts fully paid for solar panels adding even more value and desirability to the property. The fact that all four units are fully vacant is a rare find in Los Angeles, allowing for immediate market rate rents at close to $200,000 annually.What sets this compound apart is its ability to command top market rents in one of the most sought-after rental markets in the country, all while maintaining a standard of quality, design, and craftsmanship that is unparalleled. Equipped with a deep understanding of the needs of residents in this area specifically, each unit is tailored to be the epitome of desirability and offers many added features including Solar panels to limit the resident's utility bill thereby making this property all the more desirable and cost effective.Each unit within the Coolidge Compound features two spacious bedrooms and two well-appointed bathrooms, catering to a variety of tenant configurations. The design of the units ensures that each resident enjoys a private and independent living experience, with the added luxury of huge outdoor spaces in the form of rooftop decks for relaxation, privacy and entertainment.Extensive data analysis confirms that this property addresses a crucial gap in the real estate market, offering high-quality housing in an area where demand far exceeds supply. A truly win-win situation in that this compound offers a multitude of benefits to its owner while speaking to the taste and quality of living of its residents, there is no other property in Los Angeles that compares or offers a better return on investment.

Listed by Michael De Perio | BRE #01870969 | Kirela Real Estate Co
Last checked: 16 seconds ago | Last updated: June 8th, 2024 | Source CRMLS | DOM: 43
Get a $11,175 Cash Reward New

Buy this home with Ardent Real Estate Group and get $11,175 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
5,227
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
P1-17796
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 4
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $16,000
  • Total Rent: $4,500
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $4,500
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $3,500
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $192,000
  • Net Operating Income: $144,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $48,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $18,500
  • Trash: $3,400
  • Gardener: $1,000
  • Insurance: $3,600
  • Maintenance: $1,500
  • Water/Sewer: $3,600
  • Other Expenses: $15,400

Open Houses for 2909 N North Coolidge Ave

No upcoming open houses

Schedule Tour
Loading...

Property Details for 2909 N North Coolidge Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Gas & Electric Range
Interior Features
  • Open Floorplan, Quartz Counters, Unfurnished, Recessed Lighting
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Mountain(s), Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5442023026
  • Year Built Source: Builder
  • Architectural Style: See Remarks
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: From the 2 going South exit Fletcher Dr. Turn left then left on Ripple St. Right on Ripple st again. Finally left on N coolidge ave.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Biking, Urban, Sidewalks, Street Lights, Park, Fishing, Dog Park, Curbs
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 2909 N North Coolidge Ave

Last sold for $678,000 on March 5th, 2021
  • May, 2024

  • May 24, 2024

    Date

    Active

    CRMLS: P1-17796

    $2,980,000

    Price

  • April, 2024

  • Apr 30, 2024

    Date

    Expired

    CRMLS: P1-15784

    $2,980,000

    Price

  • Nov 17, 2023

    Date

    Active

    CRMLS: P1-15784

    $2,900,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the Coolidge Complex, a truly magnificent Spanish Modern located in DCLA's favorite pocket of Los Angeles, Frogtown. This rare and fully vacant new construction complex offers 4 Vacant units with the ability collect today's market rent in one of the highest rent producing pockets in the Country without compromising quality, design, space, or workmanship.Having developed close to two dozen projects in this part of town alone, DCLA understands its resident's needs within these spaces and designs each Rental Income property to be the most desirable among the area, and The Coolidge Complex screams just this.This complex intelligently allows for a mix of owners as this brand new, low maintenance stunner is the perfect hands off income property for owners who enjoy recurring income without recurring headaches. All the more, it also allows for an owner to live, rent-free, in one unit while the remaining residents pay their mortgage off for them. Either way, any owner will enjoy monthly cashflow, mortgage pay down through rental income, tax benefits, equity increases, and most of all, the ability to start with market rate rents due to its full vacancy! 4 unit properties in Los Angeles typically never come FULLY Vacant!Each unit features two ample sized rooms with two fully equipped bathrooms for multiple tenant combinations and is designed to service its occupant independently while offering designated outdoor spaces for each unit in the form of rooftop decks to check off every box each person may have.Studying multitudes of data confirms the conclusion that this product offers one of the few areas within the Real Estate market that remains underserved as there is a severe lack of good housing in Los Angeles a rents in the City continue to rise for market rate units only while others level off.Set to be complete end of December 2023, the Duplex is ready to go sands finishing touches on the exterior to give it that DCLA panache while the rear structure is fully underway and set to be completed before the end of the year.Allow Us To Reintroduce This Home!

  • March, 2021

  • Mar 8, 2021

    Date

    Sold

    CRMLS: BB20240839

    $678,000

    Price

  • Feb 10, 2021

    Date

    Pending

    CRMLS: BB20240839

    $675,000

    Price

  • Jan 22, 2021

    Date

    Active Under Contract

    CRMLS: BB20240839

    $675,000

    Price

  • Jan 14, 2021

    Date

    Active

    CRMLS: BB20240839

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! LOCATION! WELCOME to YOUR new cozy home featuring 2 bedrooms, 1 bath, kitchen, detached garage and long driveway ideal for additional cars. Built in 1922 with 870 sqft of living space on a 5208 sqft lot, offering tremendous potential for expansion as it is zoned LAR2. This property is in the heart of Elysian Valley and a close distance to LA River/ bike trail, Frog spot, weekend Kayaking, Freeways (5,10,2,110,101), restaurants, shops, Marsh Skate Park and Elysian Valley Community Garden making it centrally located for all your needs. The POSSIBILTES are ENDLESS and awaiting YOU.

  • November, 2017

  • Nov 28, 2017

    Date

    Canceled

    CRMLS: CV17143875

    $549,999

    Price

  • Nov 22, 2017

    Date

    Hold

    CRMLS: CV17143875

    $549,999

    Price

  • Nov 22, 2017

    Date

    Active

    CRMLS: CV17143875

    $549,999

    Price

  • Oct 23, 2017

    Date

    Hold

    CRMLS: CV17143875

    $549,999

    Price

  • Oct 20, 2017

    Date

    Active

    CRMLS: CV17143875

    $549,999

    Price

  • Aug 22, 2017

    Date

    Hold

    CRMLS: CV17143875

    $549,999

    Price

  • Jun 25, 2017

    Date

    Active

    CRMLS: CV17143875

    $549,999

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 2909 N Coolidge Ave in Los Angeles. For the first time in over 40 years this house is finally on the market. Situated in one of Los Angeles' hottest neighborhoods Atwater Village, this would make the perfect starter home or investment property. This centennial home is located between Glendale and Silver lake and conveniently close to major freeways. The home itself boasts 2 good size bedrooms, 1 full bath, and updated kitchen counter tops. This property won't last long so come and see what could potentially be your own little piece of prime Los Angeles Real Estate.

  • November, 1999

  • Nov 30, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2909 N North Coolidge Ave

Assessed Value (2020): $714,000
Year Land Value Improved Value Assessed Value
2020 $571,200 $142,800 $714,000

Home Value Compared to the Market

This property vs the competition

2909 N North Coolidge Ave is listed 148.33% 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 $773 and this home is listed at $832.4 per/sqft which puts the price per square foot 7.68% higher than the median price per square foot for the city of Los Angeles.

About 2909 N North Coolidge Ave

Detailed summary of property

2909 N North Coolidge Ave is a multi family located in Los Angeles, CA 90039 and is currently for sale. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 3,580 living square feet, and sits on an approximately 5,227 square foot lot. 2909 N North Coolidge Ave was first listed on ArdentRealEstateGroup.com on May 24, 2024. The homeowner is currently asking $2,980,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 148.33% higher than the median priced home. Local competing homes currently for sale include 4312 Price St, 325 N Union Ave and 811 Kodak Dr. While the average home in Los Angeles, CA is selling in 101 days, 2909 N North Coolidge Ave has a days on market of 43 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 2909 N North Coolidge Ave Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2909 N North Coolidge Ave

Public county record property details
Beds
2
Baths
1
Year built
1922
Sq. Ft.
870
Lot Size
5,187
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
189
APN
5442-023-026

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$894
Median Sold Price
$1,840,000
Median Sold Price/Sq.Ft.
$1,277
Total Inventory
54
Median Sale to List Price %
102.28%
Avg Days on Market
21
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home


Buy with Ardent Real Estate Group and save $11,175.

Image Description
Contact Jon
Los Angeles Agent

Call, Text or Message
Get a $11,175 Cash Reward New

Buy this home with Ardent Real Estate Group and get $11,175 back.

Call/Text (714) 706-1823

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.