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428 W 69Th St, Los Angeles, CA 90003
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428 W 69Th St Los Angeles, CA 90003

$565,000 Sold Price as of 04/29/2022
  • 5 Beds
  • 3 Baths
  • 2,334 Sq.Ft.
Sold
$565,000 Sold Price as of 04/29/2022 Refinance Your Mortgage
Map preview of 428 W 69Th St, Los Angeles, CA 90003

Property Overview: 428 W 69Th St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,334 living square feet and 5,040 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nicely kept triplex on a quiet corner lot. Great opportunity to increase the value by moving rents upward. One of the best priced triplexes in the area, under $250/sqft. The two front units are both nice sized 2-bedroom with 1 bathroom and above the garage sits a 1-bedroom unit. One of the 2-bedroom units is slightly larger and has a breakfast nook and laundry area in addition to a dining area. Long term tenants on month to month leases that have not missed any rent during the pandemic. Each unit has their own water heater, gas and electric meter. Very low expenses for the owner. Ample parking for everyone. Perhaps the potential to turn the garages into and ADU for additional income. Owner will not be able to deliver any unit vacant at close so please do not request in the offer.

Listed by Christopher Marsocci | BRE #01095183 | Goldcoast Commercial Group
Last checked: 14 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,040
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22138903
City
Los Angeles
County
Los Angeles
Time on Site
787 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $428
  • Total Rent: $428
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.19
  • Gross Scheduled Income: --
  • Net Operating Income: $18,777
  • Gross Operating Income: $31,826
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 428 W 69Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Ceiling Fan(s)
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 6013027016
Location / Neighborhood
Location Information
  • Directions: North of Florence Ave. Between Figueroa and the 110 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 428 W 69Th St

Last sold for $565,000 on April 29th, 2022

  • May, 2024

  • May 1, 2024

    Date

    Expired

    CRMLS: 23319451

    $799,000

    Price

  • Oct 9, 2023

    Date

    Active

    CRMLS: 23319451

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own this corner property with 3 units. Front duplex with 3 bedroom and 2 bedroom units. Both in very good conditions. The 3 bedroom unit has been remodeled with with new kitchen cabinets, new bathroom, flooring and much more. The 2 bedroom units is in good condition. Rear unit (above the garage) is a 1 bedroom unit with a long term tenant. Fully occupied. Lot of parking spaces, ( 3 car garages) and plenty of parking in the drive way. Each unit has its own water heater, gas and electric meter. Great Property.

  • June, 2023

  • Jun 7, 2023

    Date

    Expired

    CRMLS: 23248181

    $850,000

    Price

  • Mar 6, 2023

    Date

    Active

    CRMLS: 23248181

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful property in a corner lot. Great for owner occupant. 3 Bedroom unit is vacant and ready to move in. All remodeled with new kitchen cabinets, new flooring, new bathroom, etc. Property has 3 car garage plus a 2 or more carport parking spaces. All tenants current with rent. Please ready private remarks for additional information. Text LA for a fast response.

  • May, 2023

  • May 9, 2023

    Date

    Canceled

    CRMLS: 23259125

    $849,900

    Price

  • Apr 11, 2023

    Date

    Active

    CRMLS: 23259125

    $849,900

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 3 units property in a corner lot. Perfect for an owner occupant. The 3 bedroom unit is vacant and ready to move in, it has new kitchen cabinets, new flooring, new bathrooms, new paint, and much more. Other unit is 2 bedroom and 1 bath and the rear unit is 1 bedroom and 1 bath. Property has 2 car garage plus lot of parking space in the drive way. Please read agents remarks.

  • April, 2022

  • Apr 29, 2022

    Date

    Sold

    CRMLS: 22138903

    $565,000

    Price

  • Mar 22, 2022

    Date

    Active

    CRMLS: 22138903

    $579,000

    Price

  • December, 2021

  • Dec 16, 2021

    Date

    Expired

    CRMLS: 21790252

    $580,000

    Price

  • Sep 30, 2021

    Date

    Active

    CRMLS: 21790252

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Nicely kept triplex on a quiet corner lot. Great opportunity to increase the value by moving rents upward. One of the best priced triplexes in the area, under $260/sqft. The two front units are both nice sized 2-bedroom with 1 bath and above the garage sits a 1-bedroom. Long term tenants on month to month leases that have not missed any rent during the pandemic. Each unit has their own water heater, gas and electric meter. Very low expenses for the owner. Ample parking for everyone. Perhaps the potential to turn the garages into and ADU for additional income. Owner will not be able to deliver any unit vacant at close so please do not request in the offer.

  • August, 2011

  • Aug 26, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2008

  • Aug 29, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 428 W 69Th St

Assessed Value (2020): $422,709
Year Land Value Improved Value Assessed Value
2020 $282,594 $140,115 $422,709

Home Value Compared to the Market

This property vs the competition

428 W 69Th St sold on April 29, 2022 for 51.34% 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 $248.07 per/sqft which puts the price per square foot 67.14% lower than the current median sale per square foot for the city of Los Angeles.

About 428 W 69Th St

Detailed summary of property

428 W 69Th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,334 living square feet, and sits on an approximately 5,040 square foot lot. 428 W 69Th St was first listed on ArdentRealEstateGroup.com on March 22, 2022. The homeowner sold the property for $565,000. 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 51.34% lower than the current median priced home. Local homes that are currently for sale include 731 E 84th St, 1217 W 89th St and 5953 S Denker Ave. While the average home in Los Angeles, CA is selling in 94 days, 428 W 69Th St 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 428 W 69Th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 428 W 69Th St

Public county record property details
Beds
4
Baths
3
Year built
1930
Sq. Ft.
2,334
Lot Size
5,057
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
406,407
APN
6013-027-016

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$598,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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