441 W 52Nd St, Los Angeles, CA 90037
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441 W 52Nd St Los Angeles, CA 90037

$652,200 Sold Price as of 04/10/2019
  • 8 Beds
  • 4 Baths
  • 2,171 Sq.Ft.
Sold
$652,200 Sold Price as of 04/10/2019 Refinance Your Mortgage

Map preview of 441 W 52Nd St, Los Angeles, CA 90037

Property Overview: 441 W 52Nd St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,171 living square feet and 5,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredible Cash Flow! 7.18 CAP on Actual Existing Income. The property consists of a four-bedroom unit and two two-bedroom units as well as three garages that are rented out for additional income at $300/month each. The property has recently undergone extensive renovations by ownership, with new landscaping, a repaved driveway, exterior renovations, and a complete renovation of the four-bedroom unit and one of the two-bedroom units. Because of the upgrades, the property is generating strong cash flow and is offered at an attractive cap rate above 7% with additional upside to a 9% cap rate in the two-bedroom.units that are rented at below-market rates to long-term tenants. The property is well-located for commuters in South Los Angeles, less than two minutes from a 110 freeway on-ramp providing easy access to major employment centers in Downtown Los Angeles as well as Torrance, Gardena, and the Port of Los Angeles. The property is also easy walking distance to numerous public transportation options. Additionally, the property is less than 2 miles from the University of Southern California as well as Exposition Park which is the site of the brand new Banc of California Stadium (home to the LAFC), the world-famous Los Angeles Memorial Coliseum, and numerous museums including the under-construction $1 Billion George Lucas Museum of Narrative Art.

Listed by Daniel Lewin | BRE #01932742 | Marcus & Millichap
Co-listed by Shane Young | BRE #01963090 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 123

Home details

Lot Sq. Ft
5,000
HOA Dues
$0/mo
Year built
1910
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW18254962
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $66,000
  • Net Operating Income: $52,074
  • Gross Operating Income: --
  • Vacancy Allowance: $2,640
  • # of Rented Garages: 3
  • Garage Rental Rate: $300
  • Garage Rental Income: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $22,086
  • New Taxes: $8,618
  • Trash: $600
  • Insurance: $1,200
  • Water/Sewer: $1,800

Property Details for 441 W 52Nd St

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: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5001033012
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 52nd and Figueroa
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 441 W 52Nd St

Last sold for $652,500 on April 10th, 2019
  • April, 2019

  • Apr 15, 2019

    Date

    Sold

    CRMLS: PW18254962

    $652,200

    Price

  • Feb 18, 2019

    Date

    Pending

    CRMLS: PW18254962

    $699,000

    Price

  • Nov 8, 2018

    Date

    Price Change

    CRMLS: PW18254962

    $699,000

    Price

  • Oct 22, 2018

    Date

    Active

    CRMLS: PW18254962

    $725,000

    Price

  • April, 2019

  • Apr 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $652,500

    Price

  • February, 2019

  • Feb 6, 2019

    Date

    Price Change

    CRMLS: R705569

    $685,000

    Price

  • Listing provided courtesy of CRMLS

    Nice 3 units in the city of L.A. 3 bedrooms 2 baths and 2 bedrooms 2 baths back units.

  • November, 2018

  • Nov 15, 2018

    Date

    Expired

    CRMLS: 18351960

    $725,000

    Price

  • Sep 20, 2018

    Date

    Withdrawn

    CRMLS: 18351960

    $725,000

    Price

  • Jun 6, 2018

    Date

    Active

    CRMLS: 18351960

    $725,000

    Price

  • Listing provided courtesy of CRMLS

    EXCELLENT INVESTMENT OPPORTUNITY! This terrific upgraded triplex consists of a two story front duplex and detached unit above garages. It's well located on 52nd Street near Expo Line and 110 freeway. It provides excellent cash flow with additional upside potential in rents and very low maintenance. Front lower 3 bedroom unit has been updated. The building has a newly painted exterior. 3 private garages rented for $300/month each. The property is located in fast growing neighborhood of Southwest Los Angeles near Downtown LA Live Hub, USC, public transportation, new metro lines, schools, libraries, hospitals, shopping centers, entertainment and easy access to all major freeways. Drive by only, subject to interior inspection. Please do not disturb tenants.

  • April, 2018

  • Apr 14, 2018

    Date

    Sold

    CRMLS: 18315556

    $465,000

    Price

  • Mar 2, 2018

    Date

    Pending

    CRMLS: 18315556

    $492,900

    Price

  • Feb 20, 2018

    Date

    Active

    CRMLS: 18315556

    $492,900

    Price

  • Listing provided courtesy of CRMLS

    ***REO Property!*** Investor's Delight! Great income potential with the largest unit vacant! County records say 4-bdrms, but there is one 3-bdrm unit (vacant), and two 2-bdrm units rented at $1000 and $1300. Seller and/or seller's agent makes no representation regarding permits, condition, room count, square footage, etc. Buyer to investigate with appropriate entities and satisfy self. Being sold as-is.

  • April, 2018

  • Apr 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

Show More

Tax History for 441 W 52Nd St

Assessed Value (2020): $665,624
Year Land Value Improved Value Assessed Value
2020 $420,444 $245,180 $665,624

Home Value Compared to the Market

This property vs the competition

441 W 52Nd St sold on April 10, 2019 for 37.59% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $321.97 per/sqft which puts the price per square foot 55.53% lower than the current median sale per square foot for the city of Los Angeles.

About 441 W 52Nd St

Detailed summary of property

441 W 52Nd St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 2,171 living square feet, and sits on an approximately 5,000 square foot lot. 441 W 52Nd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $652,200. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.59% lower than the current median priced home. Local homes that are currently for sale include 444 W Gage Ave, 1201 W 54th St and 1154 W 57th St. While the average home in Los Angeles, CA is selling in 106 days, 441 W 52Nd St has a days on market of 123 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 441 W 52Nd St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 441 W 52Nd St

Public county record property details
Beds
8
Baths
4
Year built
1910
Sq. Ft.
2,171
Lot Size
4,999
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
5001-033-012

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.