Search
4020 Stevely Ave, Los Angeles, CA 90008
Image 2 for 4020 Stevely Ave, Los Angeles, CA 90008
Image 3 for 4020 Stevely Ave, Los Angeles, CA 90008
View Photos

4020 Stevely Ave Los Angeles, CA 90008

$3,900,000 Sold Price as of 04/25/2022
  • 24 Beds
  • 14 Baths
  • 8,746 Sq.Ft.
Sold
$3,900,000 Sold Price as of 04/25/2022 Refinance Your Mortgage
Map preview of 4020 Stevely Ave, Los Angeles, CA 90008

Property Overview: 4020 Stevely Ave Los Angeles, CA has 24 bedrooms, 14 bathrooms, 8,746 living square feet and 8,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BRC Advisors is proud to present for sale this turn-key 12-unit apartment property located at 4020 Stevely Avenue, in the Baldwin Hills neighborhood of Los Angeles. The property has recently undergone an extensive "gut job" renovation to ten of the twelve units as well as the common areas, including: copper plumbing, electrical, kitchens, bathrooms, windows, flooring, stucco, and much more. The seller approximates a total capital expenditure cost of approximately $700,000, which also includes the completion of the city mandated seismic retrofit of the property. There are a total of seventeen(17)onsite parking spaces. The property boasts an excellent unit mix of eight (8) 2-bedroom units, two (2) 3-bedroom units, and two (2) 1-bedroom units. The units are occupied by section 8 tenants with the vast majority of the rental income being deposited into the owner's bank account on the first of every month, providing a steady and reliable income stream during these times of eviction moratoriums which allow tenants to not pay. At the asking price, a buyer can expect to achieve an impressive 5% going-in cap rate and a 9.2% total return, based on a 70% LTV loan at a 3.5% interest rate. Additionally, significant upside remains in the two units which have not yet been "turned", with their current rents at only$388 and $828 per month. The property is in a gentrifying Location just east of La Brea and south of Coliseum Street. It is located about 1 mile from the Baldwin Hills Crenshaw Plaza, recently purchased by Harridge Development with announced plans for a $1 Billion overhaul.

Listed by Ardy Ishal | BRE #01769601 | BRC Advisors- BH
Last checked: 11 minutes ago | Last updated: April 26th, 2022 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
8,100
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21110083
City
Los Angeles
County
Los Angeles
Time on Site
886 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,600
  • Total Rent: $5,600
  • Pro Forma/Market Rent: $5,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,216
  • Total Rent: $1,216
  • Pro Forma/Market Rent: $1,216
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $17,218
  • Total Rent: $17,218
  • Pro Forma/Market Rent: $17,218
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.4
  • Gross Scheduled Income: --
  • Net Operating Income: $200,862
  • Gross Operating Income: $290,421
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4020 Stevely Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 17
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 12
  • Parcel Number: 5028002016
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: east of La Brea Ave and south of Coliseum Street
View more facts & features

Local Los Angeles Agent

Sale History for 4020 Stevely Ave

Last sold for $3,900,000 on April 25th, 2022

  • April, 2022

  • Apr 25, 2022

    Date

    Sold

    CRMLS: 21110083

    $3,900,000

    Price

  • Dec 5, 2021

    Date

    Active

    CRMLS: 21110083

    $3,995,000

    Price

  • January, 2021

  • Jan 26, 2021

    Date

    Canceled

    CRMLS: 20671886

    $2,599

    Price

  • Dec 29, 2020

    Date

    Price Change

    CRMLS: 20671886

    $2,599

    Price

  • Dec 26, 2020

    Date

    Active

    CRMLS: 20671886

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the only completely remodeled apartment in the area. Very clean and modern. Section 8 welcome. Everything inside the unit is brand new. Assigned 2 car tandem parking included. Quartz counter tops, recessed lighting, lots of natural light. Shopping, movie theater, and restaurants nearby. Pictures virtually staged. Small 12 unit complex, unit located on the 1st floor.

  • October, 2020

  • Oct 21, 2020

    Date

    Leased

    CRMLS: 20608422

    $2,650

    Price

  • Aug 5, 2020

    Date

    Price Change

    CRMLS: 20608422

    $2,641

    Price

  • Jul 23, 2020

    Date

    Active

    CRMLS: 20608422

    $2,799

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the only completely remodeled units in the area. Very clean and modern. Section 8 welcome. Everything inside the unit is brand new. 2 car Carport parking included. Quartz counter tops, recessed lighting, lots of natural light. Shopping, movie theater, and restaurants nearby.

  • June, 2020

  • Jun 3, 2020

    Date

    Leased

    CRMLS: 20570030

    $2,200

    Price

  • Apr 9, 2020

    Date

    Active

    CRMLS: 20570030

    $2,190

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby. Text me to receive the link for YouTube video walkthroughs.

  • May, 2020

  • May 28, 2020

    Date

    Leased

    CRMLS: 20570826

    $2,190

    Price

  • Apr 14, 2020

    Date

    Active

    CRMLS: 20570826

    $2,190

    Price

  • Listing provided courtesy of CRMLS

    This is for unit #11. Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby.

  • May, 2020

  • May 12, 2020

    Date

    Expired

    CRMLS: 20553308

    $2,199

    Price

  • Feb 24, 2020

    Date

    Withdrawn

    CRMLS: 20553308

    $2,199

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: 20553308

    $2,199

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby. No pets, no smoking, no past evictions. Same day showings available.

  • April, 2020

  • Apr 7, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2020

  • Mar 13, 2020

    Date

    Canceled

    CRMLS: 20557284

    $2,199

    Price

  • Feb 24, 2020

    Date

    Active

    CRMLS: 20557284

    $2,199

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby. Household income must be three times the rent, no pets, no smoking, no past evictions. Same day showings available.

  • February, 2020

  • Feb 12, 2020

    Date

    Canceled

    CRMLS: 19536152

    $2,200

    Price

  • Feb 6, 2020

    Date

    Active

    CRMLS: 19536152

    $2,200

    Price

  • Feb 2, 2020

    Date

    Expired

    CRMLS: 19536152

    $2,200

    Price

  • Dec 11, 2019

    Date

    Active

    CRMLS: 19536152

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    This is for unit #8. Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby. Household income must be three times the rent, no pets, no smoking, no past evictions. Same day showings available.

  • December, 2019

  • Dec 11, 2019

    Date

    Canceled

    CRMLS: 19502150

    $2,200

    Price

  • Aug 21, 2019

    Date

    Active

    CRMLS: 19502150

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby. Household income must be three times the rent, no pets, no smoking, no past evictions. Same day showings available.

  • September, 2019

  • Sep 6, 2019

    Date

    Leased

    CRMLS: 19471974

    $2,200

    Price

  • Aug 15, 2019

    Date

    Active

    CRMLS: 19471974

    $2,200

    Price

  • Aug 2, 2019

    Date

    Expired

    CRMLS: 19471974

    $2,200

    Price

  • Jun 2, 2019

    Date

    Active

    CRMLS: 19471974

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. Very clean and modern. ***Section 8 welcome***. Everything inside the unit is brand new. Assigned 1 car parking included. Quartz counter tops, designer backsplash, recessed lighting, lots of natural light. Stove/Oven and fridge will be installed before move in. Laundry room in building. Laminate flooring throughout. Shopping, movie theater, and restaurants nearby. Household income must be three times the rent, no pets, no smoking, no past evictions. Same day showings available.

  • July, 2019

  • Jul 15, 2019

    Date

    Leased

    CRMLS: 19473040

    $2,800

    Price

  • Jun 2, 2019

    Date

    Active

    CRMLS: 19473040

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    WOW! Super clean, updated and modern. Very close to popular CULVER CITY! One of the few completely remodeled buildings in the area. ***Section 8 welcome!*** Everything inside the unit is brand new. Fridge and Stove/Oven will be installed prior to move in. Assigned 1 car parking included. Quartz counter tops, recessed lighting, lots of natural light. Laundry room in the building. Shopping, movie theater, and restaurants nearby. Household income must be three times the rent, no pets, no smoking, no past evictions. Same day showings available.

  • February, 2018

  • Feb 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,725,000

    Price

Show More

Tax History for 4020 Stevely Ave

Assessed Value (2020): $1,824,800
Year Land Value Improved Value Assessed Value
2020 $1,040,400 $784,400 $1,824,800

Home Value Compared to the Market

This property vs the competition

4020 Stevely Ave sold on April 25, 2022 for 235.71% 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 $456.78 per/sqft which puts the price per square foot 39.5% lower than the current median sale per square foot for the city of Los Angeles.

About 4020 Stevely Ave

Detailed summary of property

4020 Stevely Ave is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 24 bedrooms, 14 bathrooms, roughly 8,746 living square feet, and sits on an approximately 8,100 square foot lot. 4020 Stevely Ave was first listed on ArdentRealEstateGroup.com on December 6, 2021. The homeowner sold the property for $3,900,000. 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 235.71% higher than the current median priced home. Local homes that are currently for sale include 4522 W 17th St, 1625 Vineyard Ave and 8662 Cadillac Ave. While the average home in Los Angeles, CA is selling in 93 days, 4020 Stevely Ave has a days on market of 64 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 4020 Stevely Ave Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4020 Stevely Ave

Public county record property details
Beds
19
Baths
16
Year built
1959
Sq. Ft.
8,746
Lot Size
8,100
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
88
APN
5028-002-016

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,477,777
Median List Price/Sq.Ft.
$711
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$662
Total Inventory
45
Median Sale to List Price %
91.79%
Avg Days on Market
62
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (30.77%), Other (15.38%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 4020 Stevely Ave

Nearby Homes for Sale

4024 Nicolet Ave, Los Angeles, CA 90008
$4,600,000
27 Beds
27 Baths
17030 Sq.Ft.
4024 Nicolet Ave
Los Angeles, CA 90008
2937 West Blvd, Los Angeles, CA 90016
$3,199,000
15 Beds
16 Baths
7139 Sq.Ft.
2937 West Blvd
Los Angeles, CA 90016
5700 Clemson St, Los Angeles, CA 90016
$3,750,000
12 Beds
8 Baths
6604 Sq.Ft.
5700 Clemson St
Los Angeles, CA 90016
2525 Hauser Blvd, Los Angeles, CA 90016
$3,349,000
16 Beds
16 Baths
7674 Sq.Ft.
2525 Hauser Blvd
Los Angeles, CA 90016
2636 Virginia Rd, Los Angeles, CA 90016
$3,250,000
40 Beds
33 Baths
6936 Sq.Ft.
2636 Virginia Rd
Los Angeles, CA 90016
2150 S West View, Los Angeles, CA 90016
$3,285,000
15 Beds
15 Baths
5985 Sq.Ft.
2150 S West View
Los Angeles, CA 90016
2301 Hauser Blvd, Los Angeles, CA 90016
$3,349,000
12 Beds
12 Baths
6694 Sq.Ft.
2301 Hauser Blvd
Los Angeles, CA 90016
1921 Carmona Ave, Los Angeles, CA 90016
$3,399,000
13 Beds
16 Baths
6222 Sq.Ft.
1921 Carmona Ave
Los Angeles, CA 90016
6018 Comey Ave, Los Angeles, CA 90034
$3,200,000
9 Beds
9 Baths
5046 Sq.Ft.
6018 Comey Ave
Los Angeles, CA 90034
2340 Crenshaw Blvd, Los Angeles, CA 90016
$4,299,000
20 Beds
20 Baths
13390 Sq.Ft.
2340 Crenshaw Blvd
Los Angeles, CA 90016
1876 Buckingham Rd, Los Angeles, CA 90019
$4,299,000
20 Beds
17 Baths
10050 Sq.Ft.
1876 Buckingham Rd
Los Angeles, CA 90019
1414 S Orange Dr, Los Angeles, CA 90019
$3,750,000
17 Beds
15 Baths
7002 Sq.Ft.
1414 S Orange Dr
Los Angeles, CA 90019

Recently Sold Homes Near 4020 Stevely Ave

4009 Stevely Ave, Los Angeles, CA 90008
$4,590,000 Last Sold Price
33 Beds
32 Baths
16875 Sq.Ft.
4009 Stevely Ave
Los Angeles, CA 90008
4060 Stevely Ave, Los Angeles, CA 90008
$4,395,000 Last Sold Price
33 Beds
34 Baths
20188 Sq.Ft.
4060 Stevely Ave
Los Angeles, CA 90008
3934 Gibraltar Ave, Los Angeles, CA 90008
$1,670,000 Last Sold Price
16 Beds
14 Baths
8748 Sq.Ft.
3934 Gibraltar Ave
Los Angeles, CA 90008
3926 Gibraltar Ave, Los Angeles, CA 90008
$3,360,500 Last Sold Price
33 Beds
17 Baths
12150 Sq.Ft.
3926 Gibraltar Ave
Los Angeles, CA 90008

Related Resources to 4020 Stevely Ave

New Listings in 90008
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote