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373 N Avenue 51 Los Angeles, CA 90042

$1,160,500 Sold Price as of 04/24/2020

4 Beds
3 Baths
1,850 Sq.Ft.

Sold

$1,160,500 Sold Price as of 04/24/2020 Refinance Your Mortgage

Map preview of 373 N Avenue 51, Los Angeles, CA 90042

Property Overview: 373 N Avenue 51 Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,850 living square feet and 9,039 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to this beautiful duplex in popular Highland Park area. This property is located near the infamous York Blvd lined with shops, restaurants and coffee shops. The front house is a 2 bed, 2 bath house with approx, 1,110 sq. ft. and it is fully remodeled. This open floor plan features a living room, dining room, kitchen with plenty of natural light. The master bathroom offers a soak in tub lined with beautiful glass, dual sinks and large walk in closet. In addition the house has a new roof, new plumbing, new electrical, new windows, washer/dryer hook ups and new foundation. Detached back house is a beautiful 2bed, 1bath with new flooring, new electrical and new kitchen cabinets. It has a washer/dryer hoop up, plenty of backyard space for parking and patio area. New landscaping with ficus trees throughout property provides maximum privacy, fruit trees and garden paths. This duplex has been completely remodeled from top to bottom with no expense spared. If you have been looking for a turn key property to either live in one and rent out the other or as an investment property, look no more!

Listed by Tom Hernandez | BRE #01128792 | Keller Williams Realty-Studio City
Co-listed by Ingrid Hernandez | BRE #02057718 | Keller Williams Realty-Studio City

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft: 9,039
HOA Dues: $0/mo
Year built: 1916
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: SR20011977
City: Los Angeles
County: Los Angeles
Time on Site: 1260 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Leased Units: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $3,432
Total Rent: $3,432
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,475

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $41,184
Net Operating Income: $20,134
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $21,050
Electric: $0
Gas/Fuel: $0
New Taxes: $14,987
Trash: $0
Gardener: $1,200
Insurance: $2,167
Maintenance: $500
Water/Sewer: $1,300
Other Expenses: $1,000

Property Details for 373 N Avenue 51

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
In Closet

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Rectangular Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 5469014009
Year Built Source: Assessor
Property is not Attached

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: South of Avenue 50 / West of Granada

Neighborhood Information

Community Features: Sidewalks, Street Lights, Suburban

View more facts & features

Local Los Angeles Agent

Sale History for 373 N Avenue 51

Last sold for $1,160,500 on April 24th, 2020

April, 2020
Apr 25, 2020

Date

Sold

CRMLS: SR20011977

$1,160,500

Price
Mar 9, 2020

Date

Active Under Contract

CRMLS: SR20011977

$1,199,000

Price
Jan 17, 2020

Date

Active

CRMLS: SR20011977

$1,199,000

Price
April, 2020
Apr 24, 2020

Date

Sold (Public Records)

Public Records

$1,160,500

Price
July, 2017
Jul 12, 2017

Date

Canceled

CRMLS: 17238156

$1,250,000

Price
Jun 12, 2017

Date

Active

CRMLS: 17238156

$1,250,000

Price
Listing provided courtesy of CRMLS

Modern Jewel in prime Highland Park - to be delivered 100% vacant - so many possibilities! 2 Homes on 1 Lot that have been completely renovated to a minimalist, high contrast design with quality in mind! The main home is 3BR + 2 BA and features an open floor plan, continuous light oak finished flooring, custom moldings, finished attic, and a master en suite retreat you MUST SEE to believe! The heart of the home is centered on the brand new kitchen with matching stainless appliances, plenty of storage and the island you've been dreaming of! The rear cottage is 2BR + 1 BA and features similar finishings, parking with rear alley access and separate yard space. The exterior of the homes have been freshly painted and the new patio, refinished front porch, modern fencing, and landscaping add to the design. This turnkey property is ideal for Owner-Users who want to pay off the mortgage quickly or investors ready to earn approx. $7K/month in rental income! Prime location near York & Fig!

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September, 2016
Sep 20, 2016

Date

Sold (Public Records)

Public Records

$662,000

Price

Tax History for 373 N Avenue 51

Assessed Value (2020): $702,518

Year	Land Value	Improved Value	Assessed Value
2020	$522,113	$180,405	$702,518

Home Value Compared to the Market

This property vs the competition

373 N Avenue 51 sold on April 24, 2020 for 6.11% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $648.11 per/sqft which puts the price per square foot 14.04% lower than the current median sale per square foot for the city of Los Angeles.

About 373 N Avenue 51

Detailed summary of property

373 N Avenue 51 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,850 living square feet, and sits on an approximately 9,039 square foot lot. 373 N Avenue 51 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,160,500. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.11% higher than the current median priced home. Local homes that are currently for sale include 2620 Idell St, 3611 El Sereno Ave and 2845 Estara. While the average home in Los Angeles, CA is selling in 98 days, 373 N Avenue 51 has a days on market of 49 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 373 N Avenue 51 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 373 N Avenue 51

Public county record property details

Beds: 4
Baths: 2
Year built: 1916
Sq. Ft.: 1,850
Lot Size: 9,038
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3,5
APN: 5469-014-009

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

$1,190,000

Median List Price/Sq.Ft.

$792

Median Sold Price

$1,100,000

Median Sold Price/Sq.Ft.

$763

Total Inventory

Median Sale to List Price %

115.91%

Avg Days on Market

Loan Type

Conventional (31.25%), FHA (0%), VA (0%), Cash (18.75%), Other (9.38%)

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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.