4249 Garthwaite Ave, Los Angeles, CA 90008
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4249 Garthwaite Ave Los Angeles, CA 90008

$2,620,000 Sold Price as of 09/16/2021
  • 8 Beds
  • 8 Baths
  • 7,108 Sq.Ft.
Sold
$2,620,000 Sold Price as of 09/16/2021 Refinance Your Mortgage

Map preview of 4249 Garthwaite Ave, Los Angeles, CA 90008

Property Overview: 4249 Garthwaite Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 7,108 living square feet and 10,525 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4249 and 4253 Garthwaite Avenue are two fourplexes on two contiguous parcels for sale in Los Angeles’ Leimert Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset in a desirable residential area known for its tree-lined streets and convenient proximity to popular retail (the Baldwin Hills-Crenshaw Mall is less than a mile away), and current rents present the opportunity to capture 21 percent potential upside. 4249 and 4253 Garthwaite Avenue are charming two-story 1937 constructions with a total of eight one-bedroom/one-bath units with large floorplans that average nearly 900 square feet. The units are separately metered for gas and electricity, and the property also offers eight single-car garages that are accessed via a rear alley.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
10,525
HOA Dues
$0/mo
Year built
1937
Garage
8 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21134355
City
Los Angeles
County
Los Angeles
Time on Site
1052 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,649
  • Total Rent: $13,189
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $158,268
  • Net Operating Income: $103,367
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $52,527
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Virtual Tour

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Property Details for 4249 Garthwaite Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5023007007
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: near the intersection of Garthwaite & 9th
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 4249 Garthwaite Ave

Last sold for $2,620,000 on September 16th, 2021
  • September, 2021

  • Sep 17, 2021

    Date

    Sold

    CRMLS: PW21134355

    $2,620,000

    Price

  • Aug 3, 2021

    Date

    Pending

    CRMLS: PW21134355

    $2,650,000

    Price

  • Jun 21, 2021

    Date

    Active

    CRMLS: PW21134355

    $2,650,000

    Price

  • June, 2021

  • Jun 21, 2021

    Date

    Canceled

    CRMLS: PW21086748

    $1,300,000

    Price

  • Apr 24, 2021

    Date

    Active

    CRMLS: PW21086748

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    4249 Garthwaite Avenue is a fourplex for sale in Los Angeles’ Leimert Park neighborhood. This offering presents an excellent opportunity for an investor to acquire an asset in a desirable residential area known for its tree-lined streets and convenient proximity to popular retail (the Baldwin Hills-Crenshaw Mall is less than a mile away), and current rents present the opportunity to capture 25 percent potential upside. 4249 Garthwaite Avenue is a charming two-story 1937 construction that has four one-bedroom/one-bath units with large floorplans that average nearly 900 square feet. The units are separately metered for gas and electricity, and the property also offers a rear building with four single-car garages that are accessed via a rear alley. 4249 Garthwaite Avenue is offered along with the adjacent fourplex located at 4253 Garthwaite Avenue; properties may be acquired separately or together.

  • April, 2019

  • Apr 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • February, 2018

  • Feb 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4249 Garthwaite Ave

Assessed Value (2020): $1,122,000
Year Land Value Improved Value Assessed Value
2020 $918,000 $204,000 $1,122,000

Home Value Compared to the Market

This property vs the competition

4249 Garthwaite Ave sold on September 16, 2021 for 122.69% 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 $372.82 per/sqft which puts the price per square foot 50.62% lower than the current median sale per square foot for the city of Los Angeles.

About 4249 Garthwaite Ave

Detailed summary of property

4249 Garthwaite Ave is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 7,108 living square feet, and sits on an approximately 10,525 square foot lot. 4249 Garthwaite Ave was first listed on ArdentRealEstateGroup.com on June 21, 2021. The homeowner sold the property for $2,620,000. 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 122.69% higher than the current median priced home. Local homes that are currently for sale include 2938 S Orange Dr, 2720 Brighton Ave and 3023 S Budlong Ave. While the average home in Los Angeles, CA is selling in 94 days, 4249 Garthwaite Ave has a days on market of 43 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 4249 Garthwaite 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 4249 Garthwaite Ave

Public county record property details
Beds
4
Baths
4
Year built
1937
Sq. Ft.
3,554
Lot Size
5,263
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
539
APN
5023-007-007

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%)

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Related Resources to 4249 Garthwaite Ave

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.