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412 S Lake St, Los Angeles, CA 90057
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412 S Lake St Los Angeles, CA 90057

$8,950,000 Sold Price as of 10/23/2019
  • 7 Beds
  • 41 Baths
  • 21,992 Sq.Ft.
Sold
$8,950,000 Sold Price as of 10/23/2019 Refinance Your Mortgage
Map preview of 412 S Lake St, Los Angeles, CA 90057

Property Overview: 412 S Lake St Los Angeles, CA has 7 bedrooms, 41 bathrooms, 21,992 living square feet and 7,756 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Eleanor is a beautiful 1920's building that has been completely renovated bringing beautiful modern touches to the units while keeping the charm and integrity of the building's original design. The property features 21,992 square feet of gross rentable area and is composed of 34 studio/one-bathroom units and seven one-bedroom/one-bathroom units. Located just minutes from Downtown LA, Silverlake, Echo Park, and Koreatown, you will find an endless amount of options for nightlife, dining, shopping, or just exploring the beautiful and evolving areas of Los Angeles. The Eleanor Apartments are conveniently located near the Metro station with easy access to the Gold, Purple and Red lines. Freeway access to the 101 and 5 freeways are also nearby. The Eleanor Apartments is in the MacArthur Park neighborhood. MacArthur Park is the 2nd most walkable neighborhood in Los Angeles!

Listed by Tony Azzi | BRE #00910513 | Tony Azzi
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 105

Home details

Lot Sq. Ft
7,756
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19487210
City
Los Angeles
County
Los Angeles
Time on Site
1224 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 41
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 34
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,514
  • Total Rent: $51,469
  • Pro Forma/Market Rent: $59,500
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,772
  • Total Rent: $12,407
  • Pro Forma/Market Rent: $14,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.11%
  • Gross Rent Multiplier: 12.13
  • Gross Scheduled Income: --
  • Net Operating Income: $474,982
  • Gross Operating Income: $786,236
  • Improvements Total: $633,746
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 412 S Lake St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 41
  • Parcel Number: 5154030022
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Located in the heart of Westlake, west of Alvarado Street, east of Grand View Street, north of 6th Street and south of 3rd Street
View more facts & features

Local Los Angeles Agent

Sale History for 412 S Lake St

Last sold for $8,950,000 on October 23rd, 2019

  • May, 2021

  • May 17, 2021

    Date

    Active

    CRMLS: 21733070

    $10,495,000

    Price

  • Listing provided courtesy of CRMLS

    The Eleanor is a beautiful 1920s building that has been completely renovated bringing beautiful modern touches to the units while keeping the charm and integrity of the buildings original design. The property features 21,992 square feet of gross rentable area and is composed of 34 studio/one-bathroom units and seven one-bedroom/one-bathroom units.

  • October, 2019

  • Oct 23, 2019

    Date

    Sold

    CRMLS: 19487210

    $8,950,000

    Price

  • Jul 10, 2019

    Date

    Active

    CRMLS: 19487210

    $9,300,000

    Price

  • October, 2019

  • Oct 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $8,950,000

    Price

  • August, 2013

  • Aug 19, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,600,016

    Price

Show More

Tax History for 412 S Lake St

Assessed Value (2020): $8,950,000
Year Land Value Improved Value Assessed Value
2020 $6,265,000 $2,685,000 $8,950,000

Home Value Compared to the Market

This property vs the competition

412 S Lake St sold on October 23, 2019 for 681.51% 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 $422.88 per/sqft which puts the price per square foot 43.99% lower than the current median sale per square foot for the city of Los Angeles.

About 412 S Lake St

Detailed summary of property

412 S Lake St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 7 bedrooms, 41 bathrooms, roughly 21,992 living square feet, and sits on an approximately 7,756 square foot lot. 412 S Lake St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $8,950,000. 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 681.51% higher than the current median priced home. Local homes that are currently for sale include 11975-11977 Mayfield Ave, 11026 Imperial Hwy and 9821 Acacia Ave. While the average home in Los Angeles, CA is selling in 92 days, 412 S Lake St has a days on market of 105 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 412 S Lake St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 412 S Lake St

Public county record property details
Beds
7
Baths
--
Year built
1927
Sq. Ft.
21,992
Lot Size
7,756
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,49
APN
5154-030-022

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$538
Median Sold Price
$365,000
Median Sold Price/Sq.Ft.
$773
Total Inventory
12
Median Sale to List Price %
104.58%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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