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447 N Townsend Ave, Los Angeles, CA 90063
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447 N Townsend Ave Los Angeles, CA 90063

$685,000 Sold Price as of 02/05/2021
  • 4 Beds
  • 2 Baths
  • 1,128 Sq.Ft.
Sold
$685,000 Sold Price as of 02/05/2021 Refinance Your Mortgage
Map preview of 447 N Townsend Ave, Los Angeles, CA 90063

Property Overview: 447 N Townsend Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,128 living square feet and 6,647 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This vacant, move-in ready duplex has been fully renovated with permits in 2020, with new kitchens, flooring, bathrooms, windows, roof, plumbing and electrical. A new carport was constructed as well. Both units are identical two bedroom one bath and are delivered vacant. This presents a unique opportunity for an owner occupant looking to earn passive income to cover occupancy costs including mortgage payments. With 30-year fixed interest rates at historical lows, 447-49 N.Townsend presents an owner-occupant or investor a tremendous opportunity to acquire a turn-key, fully renovated down-to-thestuds income property within one block of the retail destination center of City Terrace along Cesar Chavez Avenue. City Terrace is an extremely central location, just 10 minutes from DTLA, next door to Boyle Heights, and with convenient access to Cal State L.A., USC Health Campus, Lincoln Heights, and the 10, 710, 60, and 101 Freeways.

Listed by Darin Spillman | BRE #01366902 | Kidder Mathews of California, Inc.
Last checked: 12 minutes ago | Last updated: July 29th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,647
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20665004
City
Los Angeles
County
Los Angeles
Time on Site
1337 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $3,790
  • Pro Forma/Market Rent: $3,790
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.3
  • Gross Scheduled Income: --
  • Net Operating Income: $25,609
  • Gross Operating Income: $45,480
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 447 N Townsend Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Bath
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Ceiling Fan(s)
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5232004013
  • Architectural Style: Mediterranean
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled, Repairs Major
Location / Neighborhood
Location Information
  • Directions: North of Cesar Chavez Ave. between Gage and Lorena.
View more facts & features

Local Los Angeles Agent

Sale History for 447 N Townsend Ave

Last sold for $700,000 on February 5th, 2021

  • February, 2021

  • Feb 9, 2021

    Date

    Sold

    CRMLS: 20665004

    $685,000

    Price

  • Dec 11, 2020

    Date

    Pending

    CRMLS: 20665004

    $698,000

    Price

  • Nov 30, 2020

    Date

    Active

    CRMLS: 20665004

    $698,000

    Price

  • February, 2021

  • Feb 5, 2021

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

  • February, 2013

  • Feb 1, 2013

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

Show More

Tax History for 447 N Townsend Ave

Assessed Value (2020): $180,091
Year Land Value Improved Value Assessed Value
2020 $135,115 $44,976 $180,091

Home Value Compared to the Market

This property vs the competition

447 N Townsend Ave sold on February 5, 2021 for 37.68% 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 $618.79 per/sqft which puts the price per square foot 14.53% lower than the current median sale per square foot for the city of Los Angeles.

About 447 N Townsend Ave

Detailed summary of property

447 N Townsend Ave is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,128 living square feet, and sits on an approximately 6,647 square foot lot. 447 N Townsend Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $685,000. 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 37.68% lower than the current median priced home. Local homes that are currently for sale include 410 S Ford Blvd, 4280 Dennison St and 1160 S Dacotah St. While the average home in Los Angeles, CA is selling in 106 days, 447 N Townsend Ave has a days on market of 10 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 447 N Townsend Ave Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 447 N Townsend Ave

Public county record property details
Beds
4
Baths
2
Year built
1921
Sq. Ft.
1,128
Lot Size
6,646
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5232-004-013

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$675,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
42
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 447 N Townsend Ave

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Recently Sold Homes Near 447 N Townsend Ave

452 N Townsend Ave, Los Angeles, CA 90063
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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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