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332 S Avenue 59, Los Angeles, CA 90042
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332 S Avenue 59 Los Angeles, CA 90042

$1,029,500 Sold Price as of 08/03/2021
  • 6 Beds
  • 6 Baths
  • 2,154 Sq.Ft.
Sold
$1,029,500 Sold Price as of 08/03/2021 Refinance Your Mortgage
Map preview of 332 S Avenue 59, Los Angeles, CA 90042

Property Overview: 332 S Avenue 59 Los Angeles, CA has 6 bedrooms, 6 bathrooms, 2,154 living square feet and 6,918 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: IDEAL LOCATION income property!  This 4 unit multi-family property in highly desirable Highland Park is a stone’s throw to Figueroa shops, trendy dining, the 5 & 110 freeways, DTLA and The Metro.  With a variation of configurations (two 1 bed/1 bath and two 2 bed/2 bath), each comes equipped with in-unit laundry and private parking.   For investors, this low maintenance, gated, Spanish style property is ideally priced with a 4.9% cap rate.

Listed by Loren Anderson | BRE #02006080 | COMPASS
Co-listed by Amy Pace | BRE #01939929 | COMPASS
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,918
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PF21084140
City
Los Angeles
County
Los Angeles
Time on Site
1149 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.97%
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: $68,916
  • Net Operating Income: $50,280
  • Gross Operating Income: $68,916
Annual Expense Breakdown
  • Total Operating Expense: $18,636
  • New Taxes: $12,625
  • Trash: $0
  • Insurance: $1,605
  • Maintenance: $3,446
  • Water/Sewer: $2,400

Property Details for 332 S Avenue 59

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Block, Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Gated, Shared Driveway
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5492009027
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Ave 60 and West of the 110 freeway
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 332 S Avenue 59

Last sold for $1,029,500 on August 3rd, 2021

  • August, 2021

  • Aug 5, 2021

    Date

    Sold

    CRMLS: PF21084140

    $1,029,500

    Price

  • Jul 7, 2021

    Date

    Pending

    CRMLS: PF21084140

    $1,010,000

    Price

  • May 2, 2021

    Date

    Active Under Contract

    CRMLS: PF21084140

    $1,010,000

    Price

  • Apr 26, 2021

    Date

    Active

    CRMLS: PF21084140

    $1,010,000

    Price

  • April, 2020

  • Apr 8, 2020

    Date

    Expired

    CRMLS: CV19237084

    $1,150,000

    Price

  • Oct 8, 2019

    Date

    Active

    CRMLS: CV19237084

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    ~ 4plex (Quadraplex) ~ Located in the beautiful Highland Park neighborhood. Perfect for a primary residence and rental income for the other units. Rental income!!! This 4plex features 2 buildings and offers (2) 1 bedroom 1 bathroom and (2) 2 bedroom 1.75 bathroom. Every bedroom has a wall A/C unit, washer and dryer. Every unit is well maintained. Minutes to downtown Los Angeles. Assigned parking with a gated entrance.

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Tax History for 332 S Avenue 59

Assessed Value (2020): $360,739
Year Land Value Improved Value Assessed Value
2020 $279,719 $81,020 $360,739

Home Value Compared to the Market

This property vs the competition

332 S Avenue 59 sold on August 3, 2021 for 20.72% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $468.9 per/sqft which puts the price per square foot 40.72% lower than the current median sale per square foot for the city of Los Angeles.

About 332 S Avenue 59

Detailed summary of property

332 S Avenue 59 is a fourplex that recently sold in Los Angeles, CA 90042. This fourplex offered 6 bedrooms, 6 bathrooms, roughly 2,154 living square feet, and sits on an approximately 6,918 square foot lot. 332 S Avenue 59 was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,029,500. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.72% lower than the current median priced home. Local homes that are currently for sale include 5363 Edna St, 210 Amabel St and 2415 Gates St. While the average home in Los Angeles, CA is selling in 100 days, 332 S Avenue 59 has a days on market of 6 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 332 S Avenue 59 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 332 S Avenue 59

Public county record property details
Beds
5
Baths
5
Year built
1928
Sq. Ft.
2,154
Lot Size
6,918
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5492-009-027

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
$1,200,000
Median List Price/Sq.Ft.
$789
Median Sold Price
$1,140,000
Median Sold Price/Sq.Ft.
$895
Total Inventory
90
Median Sale to List Price %
115.27%
Avg Days on Market
19
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (34.62%), Other (7.69%)

Thinking of Selling?

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(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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