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4020 Bemis St, Los Angeles, CA 90039
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4020 Bemis St Los Angeles, CA 90039

$1,100,000 Sold Price as of 04/15/2021
  • 7 Beds
  • 5 Baths
  • 3,260 Sq.Ft.
Sold
$1,100,000 Sold Price as of 04/15/2021 Refinance Your Mortgage
Map preview of 4020 Bemis St, Los Angeles, CA 90039

Property Overview: 4020 Bemis St Los Angeles, CA has 7 bedrooms, 5 bathrooms, 3,260 living square feet and 10,612 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FANTASTIC VALUE-ADD OPPORTUNITY IN ATWATER VILLAGE! Huge almost 50% upside in rents. This darling well kept 5-unit building is located on a beautiful tree-lined cul-de-sac street. It consists of 2 structures - 4-plex in the front with one 2+1 and three 1+1 units and a free standing detached 2+1 unit with small private yard in the back. The 2+1 unit in the 4-plex will be delivered VACANT at close of escrow. There are 5 gated parking spots in the back of the property. Two 2+1 units have laundry inside. All units are separately metered for gas and electricity. It provides huge upside potential in rents and low maintenance. Huge lot might offer a potential to build ADU (buyer to verify with the city). It's located close to public transportation, trendy restaurants, shopping and parks. Easy freeway access. All units are tenant occupied. The building passed the Systematic Code Enforcement inspection in 2020. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.

Listed by Gabriela Manakova | BRE #01327946 | Innovative Property Strategies
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 172

Home details

Lot Sq. Ft
10,612
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20639212
City
Los Angeles
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $812
  • Total Rent: $9,744
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $841
  • Total Rent: $10,092
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $887
  • Total Rent: $10,524
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $20,400
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.2
  • Gross Scheduled Income: --
  • Net Operating Income: $57,132
  • Gross Operating Income: $79,560
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 4020 Bemis St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Gated, Parking Space, Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5593026017
  • Architectural Style: Traditional
Location / Neighborhood
Location Information
  • Directions: North of Los Feliz Blvd, West of San Fernando Rd, East of 5 Fwy
View more facts & features

Local Los Angeles Agent

Sale History for 4020 Bemis St

Last sold for $1,100,000 on April 15th, 2021

  • April, 2021

  • Apr 19, 2021

    Date

    Sold

    CRMLS: 20639212

    $1,100,000

    Price

  • Mar 22, 2021

    Date

    Pending

    CRMLS: 20639212

    $1,295,000

    Price

  • Feb 3, 2021

    Date

    Price Change

    CRMLS: 20639212

    $1,295,000

    Price

  • Nov 18, 2020

    Date

    Price Change

    CRMLS: 20639212

    $1,350,000

    Price

  • Sep 29, 2020

    Date

    Active

    CRMLS: 20639212

    $1,410,000

    Price

  • November, 2011

  • Nov 17, 2011

    Date

    Sold (Public Records)

    Public Records

    $545,000

    Price

  • April, 2000

  • Apr 4, 2000

    Date

    Sold (Public Records)

    Public Records

    $227,000

    Price

Show More

Tax History for 4020 Bemis St

Assessed Value (2020): $625,928
Year Land Value Improved Value Assessed Value
2020 $419,201 $206,727 $625,928

Home Value Compared to the Market

This property vs the competition

4020 Bemis St sold on April 15, 2021 for 8.82% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $397.24 per/sqft which puts the price per square foot 47.39% lower than the current median sale per square foot for the city of Los Angeles.

About 4020 Bemis St

Detailed summary of property

4020 Bemis St is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 3,260 living square feet, and sits on an approximately 10,612 square foot lot. 4020 Bemis St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 8.82% higher than the current median priced home. Local homes that are currently for sale include 1211 N Normandie Ave, 5228 De Longpre Ave and 3256 Future St. While the average home in Los Angeles, CA is selling in 96 days, 4020 Bemis St has a days on market of 172 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4020 Bemis St Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4020 Bemis St

Public county record property details
Beds
5
Baths
4
Year built
1954
Sq. Ft.
2,608
Lot Size
10,612
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
5593-026-017

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,695,000
Median List Price/Sq.Ft.
$966
Median Sold Price
$1,550,000
Median Sold Price/Sq.Ft.
$1,057
Total Inventory
50
Median Sale to List Price %
111.59%
Avg Days on Market
37
Loan Type
Conventional (30.77%), FHA (0%), VA (7.69%), Cash (15.38%), Other (15.38%)

Thinking of Selling?

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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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