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347 S Avenue 19, Los Angeles, CA 90031
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347 S Avenue 19 Los Angeles, CA 90031

$1,050,000 Sold Price as of 12/26/2023
  • 11 Beds
  • 6 Baths
  • 3,944 Sq.Ft.
Sold
$1,050,000 Sold Price as of 12/26/2023 Refinance Your Mortgage
Map preview of 347 S Avenue 19, Los Angeles, CA 90031

Property Overview: 347 S Avenue 19 Los Angeles, CA has 11 bedrooms, 6 bathrooms, 3,944 living square feet and 8,317 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to introduce 347 South Avenue 19, a 5-unit apartment complex situated in the heart of Lincoln Heights. Coming to market for the first time in 45-years, this property offers investors a golden chance to realize substantial rental growth as units become available. Built in 1972, the property features (1) 3-Bedroom/2-Bathroom Single Family Residence, accompanied by (4) 2-Bedroom/1 Bathroom units. Spanning 3,944 square feet of living space, the property is situated on an 8,317 square foot lot which provides the potential to add ADUs (Buyer to verify). All units are individually metered for gas and electricity, and the property provides tenants with 5 covered parking spots. Located north of N. Main Street and west of the 5 freeway, this property boasts a commendable walk score of 84. Nearby, you'll find local supermarkets, emerging restaurants, and the renowned Chavez Ravine, home of Dodger stadium. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and many more neighborhoods are merely a brief drive away. Plus, with seamless access to both the 110 and 5 freeways, navigating the Greater Los Angeles becomes a breeze.

Listed by Sevak Keshishian | BRE #01887505 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: December 27th, 2023 | Source CRMLS | DOM: 89

Home details

Lot Sq. Ft
8,317
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23308211
City
Los Angeles
County
Los Angeles
Time on Site
378 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,242
  • Total Rent: $4,966
  • Pro Forma/Market Rent: $8,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,298
  • Total Rent: $1,298
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.9%
  • Gross Rent Multiplier: 14.63
  • Gross Scheduled Income: --
  • Net Operating Income: $41,704
  • Gross Operating Income: $73,181
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 347 S Avenue 19

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 5
  • Parcel Number: 5447030005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Head East on Mozart Street and turn right onto South Avenue 19
View more facts & features

Local Los Angeles Agent

Sale History for 347 S Avenue 19

Last sold for $1,050,000 on December 26th, 2023

  • December, 2023

  • Dec 26, 2023

    Date

    Sold

    CRMLS: 23308211

    $1,050,000

    Price

  • Sep 6, 2023

    Date

    Active

    CRMLS: 23308211

    $1,200,000

    Price

Tax History for 347 S Avenue 19

Assessed Value (2020): $172,330
Year Land Value Improved Value Assessed Value
2020 $27,980 $144,350 $172,330

Home Value Compared to the Market

This property vs the competition

347 S Avenue 19 sold on December 26, 2023 for 6.25% 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 $266.23 per/sqft which puts the price per square foot 63.23% lower than the current median sale per square foot for the city of Los Angeles.

About 347 S Avenue 19

Detailed summary of property

347 S Avenue 19 is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 11 bedrooms, 6 bathrooms, roughly 3,944 living square feet, and sits on an approximately 8,317 square foot lot. 347 S Avenue 19 was first listed on ArdentRealEstateGroup.com on September 6, 2023. The homeowner sold the property for $1,050,000. 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 6.25% lower than the current median priced home. Local homes that are currently for sale include 1572 Ricardo St, 618 N Grand Ave and 818 N Fickett. While the average home in Los Angeles, CA is selling in 106 days, 347 S Avenue 19 has a days on market of 89 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 347 S Avenue 19 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 347 S Avenue 19

Public county record property details
Beds
10
Baths
5
Year built
1972
Sq. Ft.
3,944
Lot Size
8,317
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5447-030-005

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
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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