430 N Bixel St Los Angeles, CA 90026

$1,000,000 Sold Price as of 06/17/2016

8 Beds
8 Baths
6,462 Sq.Ft.

Off Market

$1,000,000 Sold Price as of 06/17/2016 Refinance Your Mortgage

Map preview of 430 N Bixel St, Los Angeles, CA 90026

Property Overview: 430 N Bixel St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 6,462 living square feet and 7,417 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

430 N Bixel St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 430 N Bixel St

Last sold for $1,000,000 on June 17th, 2016

March, 2024
Mar 26, 2024

Date

Canceled

CRMLS: 24356591

$1,500,000

Price
Feb 8, 2024

Date

Active

CRMLS: 24356591

$1,575,000

Price
Listing provided courtesy of CRMLS

We are pleased to present an eight (8) unit apartment building located at 430 N Bixel Street in Los Angeles, California. The subject property is located in a solid South Echo Park Location, south of W Temple Street and east of Glendale Boulevard. Built in 1923, this property contains a great unit mix of four (4) one-bedroom / one-bathroom units, one (1) one-bedroom / one-bathroom unit with a bonus den, and three (3) two-bedroom / one-bathroom units. The units are spread across four (4) detached craftsman style buildings with limited on-site parking available. The property goes street-to-street with side alley access making this a wonderful candidate for redevelopment. Complying with the Central City West Specific Plan, this property has a zoning of R4(CW) with a large abutting alleyway (used for density calculation), allowing for twenty-two (22) units by-right with potential to utilize Tier 2 TOC or ED 1 density bonus incentives. Situated in a solid South Echo Park location, this offering presents an excellent opportunity for any investor or developer to capitalize on one of the numerous options this property has as a value-add project or a redevelopment site in one of the fastest growing areas of Los Angeles.

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September, 2023
Sep 7, 2023

Date

Expired

CRMLS: 23277841

$1,625,000

Price
Jun 6, 2023

Date

Active

CRMLS: 23277841

$1,695,000

Price
Listing provided courtesy of CRMLS

430-34 N Bixel Street is an eight-unit apartment building. The size is 6,462 SF and the lot size is 7,417 SF. The property is comprised of (4) one-bedroom one-bath units, (1) one-bedroom one-bath den unit, and (3) two-bedroom one-bath units. Built in 1923, the property include four free-standing structures. 430-34 N Bixel Street apartments are perfectly located on the border of Echo Park. The property is surrounded by Dodger Stadium, Los Angeles State Historic Park, and Chinatown. Residents enjoy endless restaurant options and tourist attractions. Local transportation options are the Vermont/Beverly station and Union Station.

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November, 2022
Nov 22, 2022

Date

Canceled

CRMLS: 22196323

$1,725,000

Price
Sep 8, 2022

Date

Active

CRMLS: 22196323

$1,875,000

Price
Listing provided courtesy of CRMLS

430 North Bixel Street, an 8 Unit apartment located in Echo Park (90026), has a current Cap Rate of 5.0 with nearly 60% rental upside (Pro Forma Cap Rate of 9.4, Pro Forma GRM of 8.3) making it one of, if not the only, multi-family properties on the market at a 5 Cap with significant upside. The property was built in 1923 and consists of 8 apartments units within four separate structures and is sited on a 7,418 square foot street-to-street parcel facing both Bixel and Firmin Streets. The four units on Bixel Street are the quintessential L. A. bungalow style and each unit features a generous layout with 1- bedroom and 1-bathroom. The four units on Firmin Street are larger units and consist of Four (4) 1-bedroom (plus Dens) and 1-bathroom. Three of the eight units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve an exceptional market rent.

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January, 2022
Jan 4, 2022

Date

Canceled

CRMLS: 21103287

$1,795,000

Price
Nov 8, 2021

Date

Active

CRMLS: 21103287

$1,795,000

Price
Listing provided courtesy of CRMLS

430 North Bixel Street is an 8 Unit apartment community located in Echo Park (90026), one of LA's most dynamic neighborhoods. It was built in 1923 and consists of 8 apartment units within four separate structures and is sited on a 7,417 SF street-to-street parcel facing both Bixel and Firmin Streets. The four units on Bixel Street are the quintessential L. A. bungalow style and each unit features a generous layout with 1-bedroom and 1-bathroom each. The four units on Firmin Street are larger units and consist of Three (3) 2-bedroom | 1-bathroom units and One (1) 1-bedroom | 1-bathroom unit PLUS a Den. Two of the eight units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve an exceptional market rent. The expenses are kept low since each unit is separately metered for gas and electric utilities and has its own water heater.

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July, 2021
Jul 6, 2021

Date

Expired

CRMLS: 21702024

$1,775,000

Price
Jun 21, 2021

Date

Price Change

CRMLS: 21702024

$1,775,000

Price
Apr 29, 2021

Date

Price Change

CRMLS: 21702024

$1,845,000

Price
Mar 9, 2021

Date

Active

CRMLS: 21702024

$1,895,000

Price
Listing provided courtesy of CRMLS

SEE OM IN DOCS SECTION OF LISITNG. 430 N Bixel St is an eight-unit, classic 1920s vintage apartment building constructed in 1923. The unit mix consists of four 1bed+1bath units, one 1bed+1bath+den unit, and three 2 bed+1bath units. One of the occupied two-bedroom units has been fully renovated, and the vacant two-bedroom unit has been partially renovated. The superior location and classic building architecture provide the perfect opportunity for an investor to complete their own renovation plan on the rest of the units and significantly increase rents. The property is fronted by two streets (Firmin St and Bixel St) with an alley to the north of the property that provides drive-through access to both streets. All units at the property have separate space dedicated to laundry with washer/dryer hookups and feature individual water heaters and entrances in the front and rear of the unit. All two-bedroom units are in the four-plex on Firmin St and feature large bedrooms, huge open kitchens, very large living room areas and ample storage space and closet space (including built-in features). Both upstairs two-bedrooms feature balconies with views of Downtown Los Angeles and the northern part of Echo Park. The two bungalow-style buildings facing Bixel St each contain one-bedroom units, and the other two one-bedroom units are together in a single building.

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December, 2020
Dec 16, 2020

Date

Expired

CRMLS: 20591006

$1,745,000

Price
Sep 11, 2020

Date

Withdrawn

CRMLS: 20591006

$1,745,000

Price
Aug 5, 2020

Date

Price Change

CRMLS: 20591006

$1,745,000

Price
Jun 22, 2020

Date

Price Change

CRMLS: 20591006

$1,875,000

Price
Jun 15, 2020

Date

Active

CRMLS: 20591006

$1,795,000

Price
Listing provided courtesy of CRMLS

430 North Bixel Street is an 8 Unit apartment community located in Echo Park (90026), one of LAs most dynamic neighborhoods. It was built in 1923 and consists of 8 apartment units within four separate structures and is sited on a 7,417 SF street-to-street parcel facing both Bixel and Firmin Streets. The four units on Bixel Street are the quintessential L. A. bungalow style and each unit features a generous layout with 1-bedroom and 1-bathroom each. The four units on Firmin Street are larger units and consist of Three (3) 2-bedroom | 1-bathroom units and One (1) 1-bedroom | 1-bathroom unit PLUS a Den. Two of the eight units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve an exceptional market rent. The expenses are kept low since each unit is separately metered for gas and electric utilities and has its own water heater.

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June, 2016
Jun 17, 2016

Date

Sold (Public Records)

Public Records

$1,000,000

Price
September, 1994
Sep 9, 1994

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 430 N Bixel St

Assessed Value (2020): $1,082,430

Year	Land Value	Improved Value	Assessed Value
2020	$649,458	$432,972	$1,082,430

About 430 N Bixel St

Detailed summary of property

430 N Bixel St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90026 and last sold on June 17, 2016 for $1,000,000. This property has 8 bedrooms, 8 bathrooms, roughly 6,462 living square feet, and sits on an approximately 7,417 square foot lot. Homes 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 15.97% lower than the current median priced home. 430 N Bixel St was last sold on June 17, 2016 for $1,000,000. Local nearby listings include 800 W 1st St #502, 800 W 1st St #3203 and 918 W College St #413. The average home in Los Angeles, CA is selling in 92 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. If you are the homeowner and looking to sell the home at 430 N Bixel St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 430 N Bixel St

Public county record property details

Beds: 8
Baths: 8
Year built: 1923
Sq. Ft.: 6,462
Lot Size: 7,417
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5160-021-003

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,300,000

Median List Price/Sq.Ft.

$736

Median Sold Price

$1,450,000

Median Sold Price/Sq.Ft.

$817

Total Inventory

Median Sale to List Price %

105.92%

Avg Days on Market

Loan Type

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

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