4451 Clarissa Ave, Los Angeles, CA 90027

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4451 Clarissa Ave Los Angeles, CA 90027

$1,922,000 Sold Price as of 01/13/2023

8 Beds
4 Baths
5,337 Sq.Ft.

Sold

$1,922,000 Sold Price as of 01/13/2023 Refinance Your Mortgage

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Map preview of 4451 Clarissa Ave, Los Angeles, CA 90027

Property Overview: 4451 Clarissa Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,337 living square feet and 3,840 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Buildings like 4451 Clarissa Ave are the originals from which the New Urbanism movement draws inspiration. Proximity to transportation, great restaurants and shopping, style that evokes classic urban architecture, streetscapes at a human scale, and nearby job centers and recreation are the amenities that ensure these four units will always command high rents. The two-bedroom, one-bath units are spacious--each around 1,200 SF--with high ceilings, arched doorways, hardwood floors, built-in linen cabinets, laundry, and central heat and air in each unit. This is a classic building that makes financial sense.

Listed by Joseph Lightfoot | BRE #01234765 | Sotheby's International Realty

Last checked: 14 minutes ago | Last updated: January 14th, 2023 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft: 3,840
HOA Dues: $0/mo
Year built: 1931
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22218623
City: Los Angeles
County: Los Angeles
Time on Site: 674 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
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
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $3,200

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $3,200

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,150
Total Rent: $3,150
Pro Forma/Market Rent: $3,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 13.46
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $148,200

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 4451 Clarissa Ave

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Washer Included, Dryer Included, Stackable

Fireplace Information

Has Fireplace
Decorative

Room Information

Flooring: Wood, Tile

Kitchen Information

Has Appliances
Dishwasher, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Street

Property Information

Total # of Units: 4
Parcel Number: 5590010015

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Just east of Hillhurst

View more facts & features

Local Los Angeles Agent

Sale History for 4451 Clarissa Ave

Last sold for $1,922,000 on January 13th, 2023

January, 2023
Jan 13, 2023

Date

Sold

CRMLS: 22218623

$1,922,000

Price
Nov 14, 2022

Date

Active

CRMLS: 22218623

$1,995,000

Price
March, 2021
Mar 15, 2021

Date

Canceled

CRMLS: 21688058

$2,200,000

Price
Feb 25, 2021

Date

Hold

CRMLS: 21688058

$2,200,000

Price
Feb 2, 2021

Date

Active

CRMLS: 21688058

$2,200,000

Price
Listing provided courtesy of CRMLS

Buildings like 4451 Clarissa Ave are the originals from which the New Urbanism movement draws inspiration. Proximity to transportation, great restaurants and shopping, style that evokes classic urban architecture, streetscapes at a human scale, and nearby job centers and recreation are the amenities that ensure these four units will always command high rents. The two-bedroom, one-bath units are spacious--each around 1,200 SF--with high ceilings, arched doorways, hardwood floors, built-in linen cabinets, laundry, and central heat and air in each unit. If your heart is set on a classic building that makes financial sense, offers **immediate** upside, and works for a 1031 or owner-user, look no further.

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August, 2020
Aug 26, 2020

Date

Canceled

CRMLS: 20575596

$2,200,000

Price
May 5, 2020

Date

Active

CRMLS: 20575596

$2,200,000

Price
Listing provided courtesy of CRMLS

Buildings like 4451 Clarissa Ave are the originals from which "New Urbanism" draws its inspiration. Proximity to great restaurants and shopping; a style that evokes classic urban architecture; streetscapes at a human scale; and nearby transportion, job centers, and recreation are the amenities that ensure these four units will always command high rents. The four two-bedroom, one-bath units are spacious-each over 1,000 SF-with high ceilings, arched doorways, hardwood floors, built-in linens, laundry in each unit, and central heat and air. If your heart is set on a trophy building that makes financial sense, offers future upside, and works for a 1031 or owner-user, look no further. See Agent Remarks for showing instructions

Continue Reading
October, 2019
Oct 4, 2019

Date

Sold (Public Records)

Public Records

--

Price
October, 2019
Oct 4, 2019

Date

Sold (Public Records)

Public Records

--

Price
June, 2016
Jun 3, 2016

Date

Price Change

CRMLS: 16131076

$2,100,000

Price
Listing provided courtesy of CRMLS

We are proud to present the exclusive listing of 4451 Clarrisa Ave LA 90027. This charming four unit property allows investors and owner users alike, to purchase a beautiful value add property, steps from trendy Hillhurst shops in PRIME Los Feliz. Each 2 bedroom unit averages over 1200 square feet and has spacious layouts with private balconies and in unit washer dryers. Great owner user opportunity with real achievable upside.

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Tax History for 4451 Clarissa Ave

Assessed Value (2020): $2,313,432

Year	Land Value	Improved Value	Assessed Value
2020	$1,273,449	$1,039,983	$2,313,432

Home Value Compared to the Market

This property vs the competition

4451 Clarissa Ave sold on January 13, 2023 for 78.12% higher 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 $373.81 per/sqft which puts the price per square foot 48.37% lower than the current median sale per square foot for the city of Los Angeles.

About 4451 Clarissa Ave

Detailed summary of property

4451 Clarissa Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 5,337 living square feet, and sits on an approximately 3,840 square foot lot. 4451 Clarissa Ave was first listed on ArdentRealEstateGroup.com on November 16, 2022. The homeowner sold the property for $1,922,000. 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 78.12% higher than the current median priced home. Local homes that are currently for sale include 1115 N Madison Ave, 4886 Lexington Ave and 1216 N Mariposa Ave. While the average home in Los Angeles, CA is selling in 106 days, 4451 Clarissa Ave has a days on market of 25 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 4451 Clarissa Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4451 Clarissa Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1931
Sq. Ft.: 5,337
Lot Size: 3,839
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 37
APN: 5590-010-015

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,488,000

Median List Price/Sq.Ft.

$943

Median Sold Price

$2,340,000

Median Sold Price/Sq.Ft.

$1,093

Total Inventory

Median Sale to List Price %

126.55%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

Is this your property?
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.