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4161 Somerset Dr Los Angeles, CA 90008

$1,775,000 Sold Price as of 02/27/2020

10 Beds
8 Baths
-- Sq.Ft.

Sold

$1,775,000 Sold Price as of 02/27/2020 Refinance Your Mortgage

Map preview of 4161 Somerset Dr, Los Angeles, CA 90008

Property Overview: 4161 Somerset Dr Los Angeles, CA has 10 bedrooms, 8 bathrooms, -- living square feet and 8,208 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4161 Somerset Dr, Los Angeles, CA. Built in 1950, this 8 unit apartment building is located in the up & coming Baldwin Village Neighborhood, which is currently experiencing accelerated development. This well maintained 2 story gated property is 6,016 sf and features a mix of 6 - one bedroom, one bath units and 2- two bedroom, one bath units. There are 3- two car garages as well as six parking spaces. The units are separately metered for electricity and gas while the landlord is responsible for water and trash. There is one vacancy, giving a new investor immediate upside.

Listed by Laura Alice Scaturro | BRE #01942167 | Marcus & Millichap

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft: 8,208
HOA Dues: $0/mo
Year built: 1950
Garage: 6 Car
Property Type:: Multi Family

Status: Sold
MLS#: 19524512
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,499
Total Rent: --

Unit Breakdown 2

# of Units: --
# of Beds: 1
# of Baths: 1
Actual Rent: $1,311
Total Rent: --

Unit Breakdown 3

# of Units: --
# of Beds: 1
# of Baths: 1
Actual Rent: $1,500
Total Rent: --

Unit Breakdown 4

# of Units: --
# of Beds: 2
# of Baths: 1
Total Rent: --

Unit Breakdown 5

# of Units: --
# of Beds: 1
# of Baths: 1
Actual Rent: $1,306
Total Rent: --

Unit Breakdown 6

# of Units: --
# of Beds: 1
# of Baths: 1
Actual Rent: $728
Total Rent: --

Unit Breakdown 7

# of Units: --
# of Beds: 1
# of Baths: 1
Actual Rent: $1,339
Total Rent: --

Unit Breakdown 8

# of Units: --
# of Beds: 1
# of Baths: 1
Actual Rent: $1,423
Total Rent: --

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 13.5
Gross Scheduled Income: --
Net Operating Income: $88,469
Gross Operating Income: $132,672

Annual Expense Breakdown

Total Operating Expense: --
Trash: $1,447
Insurance: $2,106
Maintenance: $5,600
Water/Sewer: $6,524

Property Details for 4161 Somerset Dr

Interior Features

Heating Information

Has Heating
Central

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 6
# of Parking Spaces: 6

Property Information

Total # of Units: 8
Parcel Number: 5032016002

Location / Neighborhood

Location Information

Directions: Take La Brea Avenue South, make a left Martin Luther King JR BLVD, Right on Buckingham Road, Left on Santa Rosalia Dr & left on Somerset.

View more facts & features

Local Los Angeles Agent

Sale History for 4161 Somerset Dr

Last sold for $1,775,000 on February 27th, 2020

March, 2020
Mar 7, 2020

Date

Sold

CRMLS: 19524512

$1,775,000

Price
Nov 26, 2019

Date

Active Under Contract

CRMLS: 19524512

$1,800,000

Price
Oct 27, 2019

Date

Active

CRMLS: 19524512

$1,800,000

Price
February, 2020
Feb 27, 2020

Date

Sold (Public Records)

Public Records

$1,775,000

Price
April, 2015
Apr 17, 2015

Date

Sold (Public Records)

Public Records

$850,000

Price

Tax History for 4161 Somerset Dr

Assessed Value (2020): $934,093

Year	Land Value	Improved Value	Assessed Value
2020	$560,456	$373,637	$934,093

Home Value Compared to the Market

This property vs the competition

4161 Somerset Dr sold on February 27, 2020 for 51.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 4161 Somerset Dr

Detailed summary of property

4161 Somerset Dr is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 10 bedrooms, 8 bathrooms, roughly -- living square feet, and sits on an approximately 8,208 square foot lot. 4161 Somerset Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,775,000. 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 51.26% higher than the current median priced home. Local homes that are currently for sale include 1901 W Martin Luther King Jr Blvd, 6321 11th Ave and 1852 S La Brea Ave. While the average home in Los Angeles, CA is selling in 92 days, 4161 Somerset Dr has a days on market of 49 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 4161 Somerset Dr 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 4161 Somerset Dr

Public county record property details

Beds: 10
Baths: 8
Year built: 1950
Sq. Ft.: 6,016
Lot Size: 8,208
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12
APN: 5032-016-002

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

$1,489,000

Median List Price/Sq.Ft.

$730

Median Sold Price

$1,275,000

Median Sold Price/Sq.Ft.

$662

Total Inventory

Median Sale to List Price %

91.79%

Avg Days on Market

Loan Type

Conventional (30.77%), FHA (0%), VA (0%), Cash (30.77%), Other (15.38%)

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Homes for Sale Near 4161 Somerset Dr

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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.