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314 N Avenue 53, Los Angeles, CA 90042
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314 N Avenue 53 Los Angeles, CA 90042

$1,440,000
  • 8 Beds
  • 5 Baths
  • 3,647 Sq.Ft.
For Sale
$1,440,000 Get Pre-Qualified
Map preview of 314 N Avenue 53, Los Angeles, CA 90042

Property Overview: 314 N Avenue 53 Los Angeles, CA has 8 bedrooms, 5 bathrooms, 3,647 living square feet and 7,770 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: HIGHLAND PARK- FIVE BEDROOM HOME + THREE 1BD, 1BA UNITS! Searching for a comfortable haven that includes an excellent investment opportunity? Fantastic level street-to-alley lot, this incredible 2-building property is one you'll want to check out! Past the front home's inviting porch, enter a generous 2,015-sq ft layout finished with warm tones, and beautiful hardwood flooring. Brilliant sunlight streams through large windows to living and dining areas adj. a beautifully tiled bath with a prized clawfoot tub. Five stylish bedrooms and two updated baths await across the two-story residence, including a hobby and laundry room done in warm wood paneling. Explore the fantastic rear dwelling with its three 1-bed, 1-bath apartments. Weekend gatherings are a breeze in the well-sized front yard where you can relax and enjoy BBQs. Additional features are the central A/C and heating system along with ample driveway parking at front/back. Conveniently located near bustling downtown Highland Park, this amazing compound is steps to the metro and various shopping, dining, and entertainment options. Come for a tour before this gem slips you by!

Listed by Daniel Grant | BRE #02099639 | Harnsberger Realty 1924
Co-listed by Michelle Harnsberger | BRE #01022378 | Harnsberger Realty 1924
Last checked: 6 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 46
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Home details

Lot Sq. Ft
7,770
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24368703
City
Los Angeles
County
Los Angeles
Time on Site
47 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,900
  • Total Rent: $4,900
  • Pro Forma/Market Rent: $6,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $946
  • Total Rent: $946
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $676
  • Total Rent: $676
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.5%
  • Gross Rent Multiplier: 14.33
  • Gross Scheduled Income: --
  • Net Operating Income: $94,788
  • Gross Operating Income: $100,464
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $14,670
  • Gardener: $600
  • Water/Sewer: $2,676

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Property Details for 314 N Avenue 53

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Carpet
  • Attic, Basement, Living Room, Office, Sun, Utility Room
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Ceiling Fan(s), Block Walls, High Ceilings
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
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: 5
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Front Yard
Property Information
  • Has View
  • View: Hills
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5469019020
  • Architectural Style: See Remarks
  • Foundation Details: Pillar/Post/Pier, Raised
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From North Figueroa Street, North on Avenue 53, past Monte Vista Street - Property located on left.
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Sale History for 314 N Avenue 53

View property's historical transactions

  • March, 2024

  • Mar 14, 2024

    Date

    Active

    CRMLS: 24368703

    $1,649,000

    Price

Tax History for 314 N Avenue 53

Assessed Value (2020): $191,961
Year Land Value Improved Value Assessed Value
2020 $120,798 $71,163 $191,961

Home Value Compared to the Market

This property vs the competition

314 N Avenue 53 is listed 16.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $394.85 per/sqft which puts the price per square foot 48.92% lower than the median price per square foot for the city of Los Angeles.

About 314 N Avenue 53

Detailed summary of property

314 N Avenue 53 is a multi family located in Los Angeles, CA 90042 and is currently for sale. This multi family property offers 8 bedrooms, 5 bathrooms, roughly 3,647 living square feet, and sits on an approximately 7,770 square foot lot. 314 N Avenue 53 was first listed on ArdentRealEstateGroup.com on March 15, 2024. The homeowner is currently asking $1,440,000 and was originally asking $1,649,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.5% higher than the median priced home. Local competing homes currently for sale include 3900 Berenice Pl, 6538 Meridian St and 508 Chestnut Ave. While the average home in Los Angeles, CA is selling in 96 days, 314 N Avenue 53 has a days on market of 46 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 314 N Avenue 53 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 314 N Avenue 53

Public county record property details
Beds
8
Baths
5
Year built
1911
Sq. Ft.
3,647
Lot Size
7,767
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
20
APN
5469-019-020

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$927,000
Median Sold Price/Sq.Ft.
$932
Total Inventory
88
Median Sale to List Price %
103.11%
Avg Days on Market
15
Loan Type
Conventional (23.53%), FHA (0%), VA (0%), Cash (41.18%), Other (11.76%)

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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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