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331 S Avenue 20, Los Angeles, CA 90031
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331 S Avenue 20 Los Angeles, CA 90031

$1,100,000
  • 6 Beds
  • 6 Baths
  • 4,115 Sq.Ft.
Back Up Offer
$1,100,000 Get Pre-Qualified
Map preview of 331 S Avenue 20, Los Angeles, CA 90031

Property Overview: 331 S Avenue 20 Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,115 living square feet and 8,256 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: Great opportunity for investors to expand your Real Estate portfolio. Six units in Los Angeles Lincoln Heights area. Property is located nearby professional sporting venues and historic districts of L.A. Don't miss this opportunity!

Listed by Ben Garcia | BRE #01147169 | Century 21 Peak
Last checked: 9 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 75
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Home details

Lot Sq. Ft
8,256
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Mixed Use
Status
Back Up Offer
MLS#
DW24030381
City
Los Angeles
County
Los Angeles
Time on Site
75 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,061
  • Total Rent: $1,061
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,369
  • Total Rent: $1,369
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,129
  • Total Rent: $1,129
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,371
  • Total Rent: $1,371
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,163
  • Total Rent: $1,163
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.77%
  • Gross Rent Multiplier: 12.13
  • Gross Scheduled Income: $94,716
  • Net Operating Income: $66,301
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,415
  • New Taxes: $14,363
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $533

Open Houses for 331 S Avenue 20

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Property Details for 331 S Avenue 20

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 5447031016
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Santa Ana Freeway and Broadway
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 331 S Avenue 20

Last sold on January 29th, 2020

  • April, 2024

  • Apr 19, 2024

    Date

    Back Up Offer

    CRMLS: DW24030381

    $1,100,000

    Price

  • Feb 12, 2024

    Date

    Active

    CRMLS: DW24030381

    $1,149,000

    Price

  • February, 2024

  • Feb 2, 2024

    Date

    Canceled

    CRMLS: DW23064503

    $1,249,997

    Price

  • Apr 17, 2023

    Date

    Active

    CRMLS: DW23064503

    $1,299,998

    Price

  • Listing provided courtesy of CRMLS

    Prime investment opportunity in the bustling neighborhood of Lincoln Heights, in the vibrant city of Los Angeles. This exceptional 6-unit apartment building presents an enticing prospect for astute real estate investors seeking to expand their portfolio. Boasting an array of local generators and an unbeatable location, this property promises both immediate and long-term returns. Situated in the heart of Lincoln Heights, this apartment building enjoys close proximity to a myriad of amenities and attractions. Its strategic position provides residents with convenient access to major transportation arteries, including the nearby freeways and public transit options, ensuring seamless connectivity to all parts of Los Angeles. This investment opportunity in Lincoln Heights presents numerous advantages for a real estate investor. The neighborhood's strong rental demand, coupled with its strategic location in close proximity to major employment centers, universities, and medical facilities, ensures a stable income stream. Additionally, the potential for future appreciation and growth in the Los Angeles real estate market further enhances the attractiveness of this investment. Whether you are a seasoned investor seeking to diversify your portfolio or an astute newcomer looking to capitalize on the thriving Los Angeles real estate market, this 6-unit apartment building in Lincoln Heights represents an exceptional opportunity. With its prime location, proximity to local generators, and potential for long-term gains, this property is an ideal addition to any savvy investor's portfolio. Don't miss out on the chance to secure a valuable asset in one of the city's most dynamic and sought-after neighborhoods.

  • January, 2020

  • Jan 29, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2000

  • Aug 16, 2000

    Date

    Sold (Public Records)

    Public Records

    $167,000

    Price

Show More

Tax History for 331 S Avenue 20

Assessed Value (2020): $230,075
Year Land Value Improved Value Assessed Value
2020 $101,947 $128,128 $230,075

Home Value Compared to the Market

This property vs the competition

331 S Avenue 20 is listed 11% lower 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 $267.31 per/sqft which puts the price per square foot 65.42% lower than the median price per square foot for the city of Los Angeles.

About 331 S Avenue 20

Detailed summary of property

331 S Avenue 20 is a mixed use located in Los Angeles, CA 90031 and is currently in escrow to be sold. This mixed use property offers 6 bedrooms, 6 bathrooms, roughly 4,115 living square feet, and sits on an approximately 8,256 square foot lot. 331 S Avenue 20 was first listed on ArdentRealEstateGroup.com on February 13, 2024. The homeowner is currently asking $1,100,000 and was originally asking $1,149,000. 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 11% lower than the median priced home. Local competing homes currently for sale include 3522 Maple Ave, 2752 W 15th St and 4568 W 1st St #212. While the average home in Los Angeles, CA is selling in 96 days, 331 S Avenue 20 has a days on market of 75 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 331 S Avenue 20 Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 331 S Avenue 20

Public county record property details
Beds
6
Baths
6
Year built
--
Sq. Ft.
4,115
Lot Size
8,277
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5447-031-016

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$828,000
Median List Price/Sq.Ft.
$573
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$762
Total Inventory
36
Median Sale to List Price %
105.67%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (0%)

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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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