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4603 5Th Ave Los Angeles, CA 90043

$820,000 Sold Price as of 09/08/2023

5 Beds
2 Baths
1,711 Sq.Ft.

Sold

$820,000 Sold Price as of 09/08/2023 Refinance Your Mortgage

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Map preview of 4603 5Th Ave, Los Angeles, CA 90043

Property Overview: 4603 5Th Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,711 living square feet and 5,904 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located on the north border of Hyde Park and just a 2 minute drive east of Leimert Park Village, this property is situated in a prime location in a residential block, ready to realize its full potential. This is an add value duplex that is a clean slate ready to be reimagined. 4603 5th Ave is a 2 bedroom 1 bathroom front unit, and 4605 5th Ave is a 3 bedroom 1 bathroom rear unit with a total of 1,711 sqft on a 5,844 sqft lot. Front unit is partially updated. Rear unit has refinished hardwood floors, freshly painted walls, and a private backyard. Both units have full copper repipe. This is the only property on the entire block that has side by side driveway parking that fits up to 4 cars. Potential to build up to 4 stories or convert garage to an ADU. Property is in an Opportunity Zone. Trust Sale.

Listed by Melvin Tam | BRE #01994642 | Green Room LA

Last checked: 7 minutes ago | Last updated: September 8th, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft: 5,904
HOA Dues: $0/mo
Year built: 1956
Garage: 2 Car
Property Type:: Duplex

Status: Sold
MLS#: AR23117183
City: Los Angeles
County: Los Angeles
Time on Site: 315 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,015
Total Rent: $1,015
Pro Forma/Market Rent: $2,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $72,000
Net Operating Income: $66,000
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $6,000
Gas/Fuel: $0
Trash: $100
Insurance: $100
Water/Sewer: $300

Property Details for 4603 5Th Ave

Interior Features

Laundry Information

Has Laundry
Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 6

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Public Records
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 5014019025
Year Built Source: Public Records
Entry Level: 1
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Unknown
Water Source: Public

Location / Neighborhood

Location Information

Directions: Between Vernon and 48th

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 4603 5Th Ave

Last sold for $820,000 on September 8th, 2023

September, 2023
Sep 8, 2023

Date

Sold

CRMLS: AR23117183

$820,000

Price
Jun 30, 2023

Date

Active

CRMLS: AR23117183

$750,000

Price

Tax History for 4603 5Th Ave

Assessed Value (2020): $62,032

Year	Land Value	Improved Value	Assessed Value
2020	$24,848	$37,184	$62,032

Home Value Compared to the Market

This property vs the competition

4603 5Th Ave sold on September 8, 2023 for 36.97% 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 $438.34 per/sqft which puts the price per square foot 41.94% lower than the current median sale per square foot for the city of Los Angeles.

About 4603 5Th Ave

Detailed summary of property

4603 5Th Ave is a duplex that recently sold in Los Angeles, CA 90043. This duplex offered 5 bedrooms, 2 bathrooms, roughly 1,711 living square feet, and sits on an approximately 5,904 square foot lot. 4603 5Th Ave was first listed on ArdentRealEstateGroup.com on June 30, 2023. The homeowner sold the property for $820,000. 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 36.97% lower than the current median priced home. Local homes that are currently for sale include 1552 W Vernon Ave, 1632 W 52nd St and 2317 Hyde Park Blvd. While the average home in Los Angeles, CA is selling in 93 days, 4603 5Th Ave has a days on market of 42 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 4603 5Th Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4603 5Th Ave

Public county record property details

Beds: 5
Baths: 2
Year built: 1956
Sq. Ft.: 1,711
Lot Size: 5,844
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 320
APN: 5014-019-025

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$965,000

Median List Price/Sq.Ft.

$613

Median Sold Price

$727,000

Median Sold Price/Sq.Ft.

$516

Total Inventory

Median Sale to List Price %

96.93%

Avg Days on Market

Loan Type

Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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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.