4601 Welch Pl, Los Angeles, CA 90027
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4601 Welch Pl Los Angeles, CA 90027

$1,900,000 Sold Price as of 01/03/2022
  • 7 Beds
  • 6 Baths
  • 2,592 Sq.Ft.
Sold
$1,900,000 Sold Price as of 01/03/2022 Refinance Your Mortgage

Map preview of 4601 Welch Pl, Los Angeles, CA 90027

Property Overview: 4601 Welch Pl Los Angeles, CA has 7 bedrooms, 6 bathrooms, 2,592 living square feet and 5,299 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A RARE opportunity to purchase two units on one parcel that feels like you're buying two separate homes each with their own outdoor spaces! We start with 4601 Welch Place which is a beautiful 3BD/2BA 2-story 1920s classic Spanish appx. 1812 square foot home located on a corner lot with great curb appeal. It offers a spacious living room with an arched beamed ceiling, formal dining room with wainscoting and picture window. The kitchen is stocked with a stove, dishwasher and microwave. It overlooks the lovely fenced yard that is exclusive to this home. There are 2 bedrooms and 1 bath up, and 1 bedroom and 1 bath down. It also offers original hardwood floors, private laundry room, and a 2-car garage with direct access! The 2nd home is located at 1935 Dracena Drive. It's a charming 2-story appx. 780 square foot 2BD/2BA home. It presents with a gated and spacious front yard with so much potential for creating your own secret garden and outdoor eating space. At the entry level is the living space, hardwood floors, 1 bedroom and a 3/4 bath. Upstairs you'll come to a large dining area, kitchen with center island, gas oven, laundry, plus the 2nd bedroom and a full bath. This special property offers an incredible opportunity to live in one home and have income from the other! The corner home is being delivered vacant. Second home is tenant occupied on a month to month rental. This pride of ownership property has a walk score of 92 and is in close proximity to Griffith Park, Hillhurst, Vermont, the Greek Theater and more! If you're looking for 2 homes on one lot, I can't imagine you finding anything out there better than this! First time on the market in almost 20 years!

Listed by Eileen Moreno | BRE #01194455 | Keller Williams Realty Los Feliz
Co-listed by Laura Moreno | BRE #01950438 | Keller Williams Realty Los Feliz
Last checked: 8 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
5,299
HOA Dues
$0/mo
Year built
1921
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
21100851
City
Los Angeles
County
Los Angeles
Time on Site
1053 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,730
  • Total Rent: $2,730
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.1
  • Gross Scheduled Income: --
  • Net Operating Income: $105,000
  • Gross Operating Income: $105,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4601 Welch Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Gravity, Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen, Individual Room
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door, Direct Garage Access
Property Information
  • Total # of Units: 2
  • Parcel Number: 5590014024
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Franklin. Corner of Welch and Dracena
View more facts & features

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Sale History for 4601 Welch Pl

Last sold for $1,900,000 on January 3rd, 2022
  • January, 2022

  • Jan 3, 2022

    Date

    Sold

    CRMLS: 21100851

    $1,900,000

    Price

  • Nov 1, 2021

    Date

    Active

    CRMLS: 21100851

    $1,695,000

    Price

  • July, 2002

  • Jul 25, 2002

    Date

    Sold (Public Records)

    Public Records

    $665,000

    Price

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Tax History for 4601 Welch Pl

Assessed Value (2020): $880,656
Year Land Value Improved Value Assessed Value
2020 $529,721 $350,935 $880,656

Home Value Compared to the Market

This property vs the competition

4601 Welch Pl sold on January 3, 2022 for 51.34% 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 $653.94 per/sqft which puts the price per square foot 9.68% lower than the current median sale per square foot for the city of Los Angeles.

About 4601 Welch Pl

Detailed summary of property

4601 Welch Pl is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 2,592 living square feet, and sits on an approximately 5,299 square foot lot. 4601 Welch Pl was first listed on ArdentRealEstateGroup.com on November 2, 2021. The homeowner sold the property for $1,900,000. 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 51.34% higher than the current median priced home. Local homes that are currently for sale include 1321 Sanborn Ave, 1216 N Mariposa Ave and 4332 Lockwood Ave. While the average home in Los Angeles, CA is selling in 106 days, 4601 Welch Pl has a days on market of 14 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 4601 Welch Pl 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 4601 Welch Pl

Public county record property details
Beds
5
Baths
4
Year built
1921
Sq. Ft.
2,592
Lot Size
5,299
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5590-014-024

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
$2,495,000
Median List Price/Sq.Ft.
$938
Median Sold Price
$2,340,000
Median Sold Price/Sq.Ft.
$1,093
Total Inventory
81
Median Sale to List Price %
126.55%
Avg Days on Market
35
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (7.14%), Other (0%)

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Related Resources to 4601 Welch Pl

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.