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4259 S Western Ave, Los Angeles, CA 90062
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4259 S Western Ave Los Angeles, CA 90062

$2,350,000 Sold Price as of 10/01/2021
  • 20 Beds
  • 20 Baths
  • 8,490 Sq.Ft.
Sold
$2,350,000 Sold Price as of 10/01/2021 Refinance Your Mortgage
Map preview of 4259 S Western Ave, Los Angeles, CA 90062

Property Overview: 4259 S Western Ave Los Angeles, CA has 20 bedrooms, 20 bathrooms, 8,490 living square feet and 6,506 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: THIS IS THE ONE YOU'VE BEEN WAITING FOR: WELCOME TO 4259 S. WESTERN AVE. NEW CONSTRUCTION 4-unit property, two separate buildings, Three stories, front duplex, 5/bed 5/bath 2,160 Sqft each with plenty of tandem parking in the back. Rear duplex, 5/bed 5/bath 2,085 Sqft each with 2 car attached garages for rear units. LOT SIZE: 6506 and total living Sqft 8490 not including the garages. This amazing investment opportunity offers a realistic CAP rate of approximately 6%. The 1st floor features a grand entrance with an open floor plan to the living room and kitchen area including 1 bedroom 1 bathroom en-suite on 1st floor. Great for large multi generational families and or co-adult living as each bedroom is functional master bedroom with its own private bathroom. Beautiful modern look, beautiful custom kitchen cabinets throughout with beautiful quartz counter tops in each unit. Oversized bedrooms with high ceilings, AC & HVAC system in all units, tank less water heaters, laundry area with stackable hook-ups. Property comes with beautiful decorative permeable pavers throughout the driveway and parking area. All units are separately metered for electric, gas AND water. Prime location, no rent control, 1 year builders fit and finish warranty! This building is centrally located which means tenants will be plentiful and the location is unmatched: walking, biking, & driving distance to LA Coliseum, LAFC Soccer Stadium-The Fields, USC Village-Trader Joe's, Natural History Museums including the coming soon Lucas Museum Center, freeways & short commute to DTLA-LA Live, Baldwin Hills and metro link station on Exposition Blvd. Call me today for your private tour!

Listed by XIO SANDOVAL | BRE #01308913 | CENTURY 21 REALTY MASTERS
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,506
HOA Dues
$0/mo
Year built
2021
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
MB21165153
City
Los Angeles
County
Los Angeles
Time on Site
1027 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $192,000
  • Net Operating Income: $144,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $48,000
  • Trash: $250
  • Insurance: $3,500

Property Details for 4259 S Western Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside, Stackable
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • 2 Staircases
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5021027002
  • Year Built Source: Builder
  • Architectural Style: Contemporary
  • Property is Attached
  • Offered With Property: Prior to COE: new stove, refrigerator, dishwasher, microwave to be installed in each unit. Builder purchased already, waiting on best buy delivery installation.
  • Property Condition: Turnkey, Under Construction
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Between Martin Luther King Jr Blvd and Vernon Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 4259 S Western Ave

Last sold for $2,350,000 on October 1st, 2021

  • August, 2021

  • Aug 18, 2021

    Date

    Pending

    CRMLS: MB21165153

    $2,400,000

    Price

  • Jul 28, 2021

    Date

    Active

    CRMLS: MB21165153

    $2,400,000

    Price

  • Jul 28, 2021

    Date

    Coming Soon

    CRMLS: MB21165153

    $2,400,000

    Price

  • January, 2020

  • Jan 27, 2020

    Date

    Sold

    CRMLS: RS19243108

    $620,000

    Price

  • Oct 15, 2019

    Date

    Active

    CRMLS: RS19243108

    $750,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2020

  • Jan 27, 2020

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • August, 2019

  • Aug 28, 2019

    Date

    Expired

    CRMLS: RS18204427

    $820,000

    Price

  • Aug 22, 2019

    Date

    Active

    CRMLS: RS18204427

    $820,000

    Price

  • Aug 19, 2019

    Date

    Pending

    CRMLS: RS18204427

    $820,000

    Price

  • Jun 29, 2019

    Date

    Price Change

    CRMLS: RS18204427

    $820,000

    Price

  • Apr 29, 2019

    Date

    Price Change

    CRMLS: RS18204427

    $850,000

    Price

  • Mar 4, 2019

    Date

    Price Change

    CRMLS: RS18204427

    $900,000

    Price

  • Oct 2, 2018

    Date

    Price Change

    CRMLS: RS18204427

    $1,000,000

    Price

  • Aug 28, 2018

    Date

    Active

    CRMLS: RS18204427

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    This property is 6,000 sq feet of potential. Located just 5 miles from Inglewood's Fabulous Forum and brand new, state of the art, Los Angles Rams Football Stadium. Also located within less than 2 miles of the brand new Banc of California Soccer Stadium and newly renovated Los Angeles Memorial Colliseum. Currently used as a church, property is well maintained and ready for new owners.

  • September, 2017

  • Sep 1, 2017

    Date

    Expired

    CRMLS: DW17082722

    $7,000

    Price

  • Apr 21, 2017

    Date

    Active

    CRMLS: DW17082722

    $7,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious 3500 sq. ft. building on wonderful location alley in rear. Great Potential and opportunity, the building features high ceilings, a kitchen, office space, 2 baths, & ample parking. This retail property is on an ideal location on Western Blvd Los Angeles CA blocks from the Coliseum and USC.

  • December, 2005

  • Dec 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

Show More

Tax History for 4259 S Western Ave

Assessed Value (2020): $849,694
Year Land Value Improved Value Assessed Value
2020 $624,779 $224,915 $849,694

Home Value Compared to the Market

This property vs the competition

4259 S Western Ave sold on October 1, 2021 for 101.68% 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 $282.69 per/sqft which puts the price per square foot 62.56% lower than the current median sale per square foot for the city of Los Angeles.

About 4259 S Western Ave

Detailed summary of property

4259 S Western Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 20 bedrooms, 20 bathrooms, roughly 8,490 living square feet, and sits on an approximately 6,506 square foot lot. 4259 S Western Ave was first listed on ArdentRealEstateGroup.com on July 28, 2021. The homeowner sold the property for $2,350,000. 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 101.68% higher than the current median priced home. Local homes that are currently for sale include 324 W 51st St, 2327 S Budlong Ave and 2404 5th Ave. While the average home in Los Angeles, CA is selling in 92 days, 4259 S Western Ave has a days on market of 20 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 4259 S Western Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4259 S Western Ave

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
3,500
Lot Size
6,505
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5021-027-002

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$869,000
Median List Price/Sq.Ft.
$573
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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