2939 Brighton Ave, Los Angeles, CA 90018
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2939 Brighton Ave Los Angeles, CA 90018

$1,650,000
  • 6 Beds
  • 8 Baths
  • 5,316 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified

Map preview of 2939 Brighton Ave, Los Angeles, CA 90018

Property Overview: 2939 Brighton Ave Los Angeles, CA has 6 bedrooms, 8 bathrooms, 5,316 living square feet and 7,102 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: We are pleased to present 2939 Brighton Ave in the trendy West Adams submarket of Los Angeles just south of Adams and west of Normandie Ave. 2939 Brighton Ave is a charming 7 unit offering, with 2 units in the front building and 5 bungalow units in the rear of the property. 2 units will be delivered vacant at the close of escrow. The subject property is located on one of the more highly desirable streets in the West Adams area on a block consisting of mostly single family homes offering a quiet reprise in the middle of Los Angeles. The property features an excellent unit mix consisting of (4) 1 Bed / 1 Bath, (2) Studio / 1 Bath, and (1) 2 Bed / 2 Bath / Den units on a large 7,100 square foot lot. An investor will benefit from 2 vacancies in the building, which will allow them to capture top of the market rents with tenants being drawn to the recent influx of trendy new restaurants, cafes, and businesses along Adams. Contact listing agents for an offering memorandum.

Listed by Peter James | BRE #01748556 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by William James | BRE #01734419 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 5 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 35
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,102
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24372723
City
Los Angeles
County
Los Angeles
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,713
  • Total Rent: $6,850
  • Pro Forma/Market Rent: $7,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,136
  • Total Rent: $2,271
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,298
  • Total Rent: $2,298
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.83%
  • Gross Rent Multiplier: 12.04
  • Gross Scheduled Income: --
  • Net Operating Income: $96,134
  • Gross Operating Income: $132,924
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2939 Brighton Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Oven, Gas Range
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 7
  • Parcel Number: 5053030034
  • Year Built Source: Other
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Brighton Ave between 29th and 30th Ave.
View more facts & features

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Sale History for 2939 Brighton Ave

Last sold for $557,554 on December 28th, 2009
  • March, 2024

  • Mar 25, 2024

    Date

    Active

    CRMLS: 24372723

    $1,650,000

    Price

  • December, 2009

  • Dec 28, 2009

    Date

    Sold (Public Records)

    Public Records

    $557,554

    Price

  • August, 2004

  • Aug 18, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2939 Brighton Ave

Assessed Value (2020): $817,234
Year Land Value Improved Value Assessed Value
2020 $432,972 $384,262 $817,234

Home Value Compared to the Market

This property vs the competition

2939 Brighton Ave is listed 33.6% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $310.38 per/sqft which puts the price per square foot 59.9% lower than the median price per square foot for the city of Los Angeles.

About 2939 Brighton Ave

Detailed summary of property

2939 Brighton Ave is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 6 bedrooms, 8 bathrooms, roughly 5,316 living square feet, and sits on an approximately 7,102 square foot lot. 2939 Brighton Ave was first listed on ArdentRealEstateGroup.com on March 25, 2024. The homeowner is currently asking $1,650,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 33.6% higher than the median priced home. Local competing homes currently for sale include 1275 W 37th Dr, 1163 W 38th St and 1399 W 39th St. While the average home in Los Angeles, CA is selling in 94 days, 2939 Brighton Ave has a days on market of 35 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2939 Brighton Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2939 Brighton Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
5,316
Lot Size
7,100
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5053-030-034

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
50
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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.