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448 Casanova St, Los Angeles, CA 90012
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448 Casanova St Los Angeles, CA 90012

$1,080,000 Sold Price as of 02/11/2020
  • 8 Beds
  • 7 Baths
  • 4,235 Sq.Ft.
Sold
$1,080,000 Sold Price as of 02/11/2020 Refinance Your Mortgage
Map preview of 448 Casanova St, Los Angeles, CA 90012

Property Overview: 448 Casanova St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 4,235 living square feet and 5,563 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET! BUYER CANNOT PERFORM. Attractive Spanish 3-bedroom owner unit with 1739 sf of living space conducive for converting to a 4 to 5 bedroom unit. Spacious one bedroom of 576 sf at a lower level. A separate duplex with 2-bedroom each was built in 1988, 448 1/2 with 926 sf and 450 1/2 with 994 sf. All units with separate electric and gas meters and its own water heater. The attached garage is accessible through the service alley. The landlord owns the coin-operated washer and dryer providing additional income and the machines are included in the sale. View of downtown LA and walk to public transportation and to Elysian Park. Full of potential and upside for this well-maintained and low maintenance fourplex. The investment analysis is based on proforma rents. Please drive by only. Back alley accessible from Solano St or from the end of Casanova. Seller instructed not to walk on the property. Inspection subject to offer acceptance and prior to the opening of escrow.

Listed by SHAWN LUONG | BRE #00857818 | CENTURY 21 MASTERS
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
5,563
HOA Dues
$0/mo
Year built
1931
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
CV19220357
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,356
  • Total Rent: $1,356
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,273
  • Total Rent: $1,273
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $611
  • Total Rent: $611
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.93%
  • Gross Rent Multiplier: 9.73
  • Gross Scheduled Income: $111,000
  • Net Operating Income: $85,624
  • Gross Operating Income: $108,780
  • Laundry Income: $50
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $23,756
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $13,824
  • Trash: $0
  • Insurance: $1,400
  • Water/Sewer: $6,860
  • Other Expenses: $172
  • Other Expense Description: RSO

Property Details for 448 Casanova St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Tile, Vinyl
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle, Spanish Tile
  • Has Fence
  • Chain Link
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Garage Faces Front, Garage Faces Rear, Garage - Single Door
Lot Information
  • Lot Features: 21-25 Units/Acre, Cul-De-Sac, Front Yard, Near Public Transit, No Landscaping, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5414025016
  • Year Built Source: Seller
  • Architectural Style: Spanish
  • Property is Attached
  • Accessibility Features: 2+ Access Exits
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: N/ College St left turn from N. Broadway
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained
Neighborhood Information
  • Community Features: Hiking, Park, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 448 Casanova St

Last sold for $1,080,000 on February 12th, 2020

  • February, 2020

  • Feb 12, 2020

    Date

    Sold

    CRMLS: CV19220357

    $1,080,000

    Price

  • Dec 30, 2019

    Date

    Pending

    CRMLS: CV19220357

    $1,080,000

    Price

  • Dec 5, 2019

    Date

    Active Under Contract

    CRMLS: CV19220357

    $1,080,000

    Price

  • Nov 12, 2019

    Date

    Active

    CRMLS: CV19220357

    $1,080,000

    Price

  • Oct 9, 2019

    Date

    Active Under Contract

    CRMLS: CV19220357

    $1,080,000

    Price

  • Sep 15, 2019

    Date

    Active

    CRMLS: CV19220357

    $1,080,000

    Price

  • February, 2020

  • Feb 12, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,080,000

    Price

Show More

Tax History for 448 Casanova St

Assessed Value (2020): $285,232
Year Land Value Improved Value Assessed Value
2020 $91,963 $193,269 $285,232

Home Value Compared to the Market

This property vs the competition

448 Casanova St sold on February 11, 2020 for 9.24% 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 $255.02 per/sqft which puts the price per square foot 66.22% lower than the current median sale per square foot for the city of Los Angeles.

About 448 Casanova St

Detailed summary of property

448 Casanova St is a multi family that recently sold in Los Angeles, CA 90012. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,235 living square feet, and sits on an approximately 5,563 square foot lot. 448 Casanova St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,080,000. 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 9.24% lower than the current median priced home. Local homes that are currently for sale include 3441 Maceo St, 321 W Avenue 37 and 574 N St Louis St. While the average home in Los Angeles, CA is selling in 94 days, 448 Casanova St has a days on market of 70 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 448 Casanova St Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 448 Casanova St

Public county record property details
Beds
8
Baths
7
Year built
--
Sq. Ft.
4,266
Lot Size
5,563
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
86
APN
5414-025-016

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$585
Median Sold Price
$462,500
Median Sold Price/Sq.Ft.
$610
Total Inventory
58
Median Sale to List Price %
92.69%
Avg Days on Market
97
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Recently Sold Homes Near 448 Casanova St

422 Casanova St, Los Angeles, CA 90012
$1,250,000 Last Sold Price
7 Beds
3 Baths
2956 Sq.Ft.
422 Casanova St
Los Angeles, CA 90012
432 Solano Ave, Los Angeles, CA 90012
$1,240,000 Last Sold Price
6 Beds
5 Baths
3482 Sq.Ft.
432 Solano Ave
Los Angeles, CA 90012
466 Solano Ave, Los Angeles, CA 90012
$810,000 Last Sold Price
7 Beds
3 Baths
2983 Sq.Ft.
466 Solano Ave
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492 Solano Ave, Los Angeles, CA 90012
$889,000 Last Sold Price
4 Beds
3 Baths
2372 Sq.Ft.
492 Solano Ave
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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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