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414 E Avenue 43, Los Angeles, CA 90031
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414 E Avenue 43 Los Angeles, CA 90031

$815,000 Sold Price as of 03/08/2021
  • 3 Beds
  • 3 Baths
  • 2,000 Sq.Ft.
Sold
$815,000 Sold Price as of 03/08/2021 Refinance Your Mortgage
Map preview of 414 E Avenue 43, Los Angeles, CA 90031

Property Overview: 414 E Avenue 43 Los Angeles, CA has 3 bedrooms, 3 bathrooms, 2,000 living square feet and 9,166 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Exclusive opportunity to acquire this amazing investment in the high-growing area of Montecito Heights. Adjacent to neighborhoods such as Highland Park, Mt. Washington and Cypress Park, this is an investment worth the acquisition. The property sits on close proximity to trendy coffee shops, restaurants, parks, trails, nightlife, museums and a array of inspiring LA culture . This traditional in style triplex features over 2,700 square feet of living space. Each unit containing 1 bedroom and 1 bath. The front unit consist of many upgrades to include new electrical, kitchen, flooring and paint. Property sits on a 9,000 square feet lot. Owner has just recently redone the backyard with new landscaping. This property is zoned LARD3 which might have the possibility for expansion and maximize potential. Great opportunity for an owner user or experience investor. Front is vacant and move in ready.

Listed by Juan Pena | BRE #01883397 | Compass
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
9,166
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21677722
City
Los Angeles
County
Los Angeles
Time on Site
1210 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $728
  • Total Rent: $728
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $823
  • Total Rent: $823
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 30
  • Gross Scheduled Income: --
  • Net Operating Income: $13,000
  • Gross Operating Income: $18,600
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 414 E Avenue 43

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • Has Fireplace
  • Dining Room, Den, Kitchen, Living Room, Bonus Room, Bath
Room Information
  • Flooring: Carpet, Laminate, Tile
  • Bonus Room
Kitchen Information
  • Has Appliances
  • Oven
Interior Features
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door, Street
Property Information
  • Has View
  • View: City Lights, Peek-A-Boo
  • Total # of Units: 3
  • Parcel Number: 5207010035
  • Architectural Style: Traditional
Location / Neighborhood
Location Information
  • Directions: W of Griffin, E of 110 Fwy
View more facts & features

Local Los Angeles Agent

Sale History for 414 E Avenue 43

Last sold for $815,000 on March 8th, 2021

  • March, 2021

  • Mar 9, 2021

    Date

    Sold

    CRMLS: 21677722

    $815,000

    Price

  • Feb 9, 2021

    Date

    Pending

    CRMLS: 21677722

    $839,900

    Price

  • Feb 9, 2021

    Date

    Active

    CRMLS: 21677722

    $839,900

    Price

  • Jan 21, 2021

    Date

    Pending

    CRMLS: 21677722

    $839,900

    Price

  • Jan 8, 2021

    Date

    Active

    CRMLS: 21677722

    $839,900

    Price

  • January, 2021

  • Jan 2, 2021

    Date

    Expired

    CRMLS: 20614090

    $849,999

    Price

  • Sep 15, 2020

    Date

    Price Change

    CRMLS: 20614090

    $849,999

    Price

  • Aug 5, 2020

    Date

    Active

    CRMLS: 20614090

    $889,900

    Price

  • Listing provided courtesy of CRMLS

  • August, 2020

  • Aug 1, 2020

    Date

    Expired

    CRMLS: 20577528

    $889,900

    Price

  • May 11, 2020

    Date

    Active

    CRMLS: 20577528

    $889,900

    Price

  • Listing provided courtesy of CRMLS

  • May, 2020

  • May 8, 2020

    Date

    Canceled

    CRMLS: 19534078

    $890,900

    Price

  • Mar 18, 2020

    Date

    Active

    CRMLS: 19534078

    $890,900

    Price

  • Mar 12, 2020

    Date

    Pending

    CRMLS: 19534078

    $890,900

    Price

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: 19534078

    $890,900

    Price

  • Jan 13, 2020

    Date

    Price Change

    CRMLS: 19534078

    $919,900

    Price

  • Dec 3, 2019

    Date

    Active

    CRMLS: 19534078

    $948,900

    Price

  • Listing provided courtesy of CRMLS

    DO NOT CONTACT SELLER - WILL BE RELISTED - Exclusive opportunity to acquire this amazing investment in the high-growing area of Montecito Heights. Adjacent to neighborhoods such as Highland Park, Mt. Washington and Cypress Park, this is an investment worth the acquisition. The property sits on close proximity to trendy coffee shops, restaurants, parks, trails, nightlife, museums and a array of inspiring LA culture . This traditional in style triplex features over 2,700 square feet of living space. Each unit containing 1 bedroom and 1 bath. The front unit consist of many upgrades to include new electrical, kitchen, flooring and paint. Property sits on a 9,000 square feet lot. Owner has just recently redone the backyard with new landscaping. This property is zoned LARD3 which might have the possibility for expansion and maximize potential. Great opportunity for an owner user or experience investor. Front unit will be deliver vacant at close of escrow.

  • November, 2019

  • Nov 9, 2019

    Date

    Canceled

    CRMLS: 19508584

    $1,079,500

    Price

  • Sep 14, 2019

    Date

    Active

    CRMLS: 19508584

    $1,079,500

    Price

  • Listing provided courtesy of CRMLS

    Beautiful ~2,786 Sq Ft triplex with three 1 Bed, 1 Bath Units in the Montecito Heights area with stunning mountain and city light views with one unit to be vacant at the close of escrow. New electrical system in one unit. Beautifully renovated, very large backyard with lot size being over 9,000 sqft. Possible space for expansion- per the City, we are told three additional units may be built. Buyer is responsible for performing their own investigation and due diligence. LARD3 Zoned. Conveniently located near the 110 freeway and walking distance to parks, hiking trails and shopping centers nearby. Must see !!

  • September, 2017

  • Sep 14, 2017

    Date

    Sold

    CRMLS: SR17200795

    $720,000

    Price

  • Sep 9, 2017

    Date

    Pending

    CRMLS: SR17200795

    $720,000

    Price

  • Sep 9, 2017

    Date

    Active

    CRMLS: SR17200795

    $720,000

    Price

  • Listing provided courtesy of CRMLS

    Sold before processing. Perfect investment opportunity with excellent upside potential! This prime Los Angeles triplex is located in hot and trendy Montecito Heights, which is in close proximity to Downtown and other highly desirable gentrifying areas. The property boasts three one story units. Take advantage of the rising rental rates in the area as Montecito Heights/Lincoln Heights continues to rapidly grow.

  • September, 2017

  • Sep 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • August, 2017

  • Aug 7, 2017

    Date

    Canceled

    CRMLS: SR17142304

    $749,000

    Price

  • Aug 1, 2017

    Date

    Active

    CRMLS: SR17142304

    $749,000

    Price

  • Aug 1, 2017

    Date

    Active Under Contract

    CRMLS: SR17142304

    $749,000

    Price

  • Jul 26, 2017

    Date

    Price Change

    CRMLS: SR17142304

    $749,000

    Price

  • Jul 22, 2017

    Date

    Active

    CRMLS: SR17142304

    $799,000

    Price

  • Jul 18, 2017

    Date

    Pending

    CRMLS: SR17142304

    $799,000

    Price

  • Jun 26, 2017

    Date

    Active

    CRMLS: SR17142304

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Perfect investment opportunity with excellent upside potential! This prime Los Angeles triplex is located in hot and trendy Montecito Heights, which is in close proximity to Downtown and other highly desirable gentrifying areas. The property boasts three one story units. Two units are currently occupied at low rents, one unit is vacant and has been beautifully renovated and ready for occupancy. Separate gas, electric and water meters. This property is in the Lincoln Heights HPOZ (Historic Preservation Overlay Zone). Take advantage of the rising rental rates in the area as Montecito Heights/Lincoln Heights continues to rapidly grow.

  • August, 2016

  • Aug 31, 2016

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 414 E Avenue 43

Assessed Value (2020): $749,088
Year Land Value Improved Value Assessed Value
2020 $561,816 $187,272 $749,088

Home Value Compared to the Market

This property vs the competition

414 E Avenue 43 sold on March 8, 2021 for 29.42% lower 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 $419.95 per/sqft which puts the price per square foot 44.38% lower than the current median sale per square foot for the city of Los Angeles.

About 414 E Avenue 43

Detailed summary of property

414 E Avenue 43 is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 2,000 living square feet, and sits on an approximately 9,166 square foot lot. 414 E Avenue 43 was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $815,000. 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 29.42% lower than the current median priced home. Local homes that are currently for sale include 4552 Catalpa St, 5316 Cronus St and 2641 Pomeroy Ave. While the average home in Los Angeles, CA is selling in 94 days, 414 E Avenue 43 has a days on market of 13 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 414 E Avenue 43 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 414 E Avenue 43

Public county record property details
Beds
3
Baths
3
Year built
1922
Sq. Ft.
2,786
Lot Size
9,185
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5207-010-035

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
$865,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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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