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309 Margaret Ave, Los Angeles, CA 90022
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309 Margaret Ave Los Angeles, CA 90022

$760,000 Sold Price as of 09/04/2024
  • 3 Beds
  • 2 Baths
  • 1,872 Sq.Ft.
Sold
$760,000 Sold Price as of 09/04/2024 Refinance Your Mortgage
Map preview of 309 Margaret Ave, Los Angeles, CA 90022

Property Overview: 309 Margaret Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,872 living square feet and 7,297 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Calling all Investors.....Welcome to this fantastic opportunity in the heart of East Los Angeles. Seller is Motivated and priced it to Sell!! Great Opportunity to own this Investment Property a Duplex featuring 1,872 Sq Ft of living space on a 7,310 Sq Ft Lot (Zoning LCR4YY). Front house is 2 bedrooms 1 bathroom unit is a fixer but could be fixed up into something special & profitable. Back unit has a tenant (currently month-to-month) 1 bedroom 1 bathroom . Property also offers a two car garage (possible ADU), plenty of yard for gatherings, and located a few blocks from Montebello. Close to major freeways including 710, 60, and 10, commuting to and from this property is a breeze, making it an ideal location for urban living. Property is close to schools, shopping, dining, entertainment, and freeway access. This one will go fast. Don't let this opportunity pass you by. See you in Escrow :) .

Listed by Jose Leon | BRE #01813677 | Pak Home Realty
Last checked: 15 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
7,297
HOA Dues
$0/mo
Year built
1949
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
DW24141569
City
Los Angeles
County
Los Angeles
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 309 Margaret Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Sprinklers In Front, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5249026018
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Google Maps
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 309 Margaret Ave

Last sold for $760,000 on September 4th, 2024

  • September, 2024

  • Sep 4, 2024

    Date

    Sold

    CRMLS: DW24141569

    $760,000

    Price

  • Jul 10, 2024

    Date

    Active

    CRMLS: DW24141569

    $749,900

    Price

  • October, 2000

  • Oct 24, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 309 Margaret Ave

Assessed Value (2020): $60,696
Year Land Value Improved Value Assessed Value
2020 $30,235 $30,461 $60,696

Home Value Compared to the Market

This property vs the competition

309 Margaret Ave sold on September 4, 2024 for 33.04% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $400.59 per/sqft which puts the price per square foot 44.67% lower than the current median sale per square foot for the city of Los Angeles.

About 309 Margaret Ave

Detailed summary of property

309 Margaret Ave is a duplex that recently sold in Los Angeles, CA 90022. This duplex offered 3 bedrooms, 2 bathrooms, roughly 1,872 living square feet, and sits on an approximately 7,297 square foot lot. 309 Margaret Ave was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner sold the property for $760,000. Home 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 33.04% lower than the current median priced home. Local homes that are currently for sale include 3414 Fowler St, 1014 Sentinel Ave and 5316 Ithaca Ave. While the average home in Los Angeles, CA is selling in 106 days, 309 Margaret Ave has a days on market of 20 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 309 Margaret Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 309 Margaret Ave

Public county record property details
Beds
3
Baths
2
Year built
1949
Sq. Ft.
1,872
Lot Size
7,309
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
135
APN
5249-026-018

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$644
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$494
Total Inventory
24
Median Sale to List Price %
101.6%
Avg Days on Market
32
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (50%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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