4701 W Adams Blvd Los Angeles, CA 90016

$3,940,000 Sold Price as of 12/22/2020

-- Beds
-- Baths
6,357 Sq.Ft.

Off Market

$3,940,000 Sold Price as of 12/22/2020 Refinance Your Mortgage

Map preview of 4701 W Adams Blvd, Los Angeles, CA 90016

Property Overview: 4701 W Adams Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 6,357 living square feet and 9,265 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

4701 W Adams Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 4701 W Adams Blvd

Last sold for $3,940,000 on December 22nd, 2020

December, 2020
Dec 22, 2020

Date

Sold (Public Records)

Public Records

$3,940,000

Price
November, 2020
Nov 19, 2020

Date

Sold (Public Records)

Public Records

--

Price
May, 2020
May 7, 2020

Date

Active

CRMLS: 20577070

$4,100,000

Price
Listing provided courtesy of CRMLS

We are pleased to present for sale the "Best Inn Motel" located in super trendy WEST ADAMS! The motel consists of 23 guestrooms + manager's apartment and is within close proximity to Culver City, Mid-City, and Downtown LA. The Best Inn has just undergone a full renovation with fresh new guestrooms, new flooring, and bathrooms. The motel is just steps away from all the restaurants, eateries/cafes, shopping, and transportation that Adams Blvd has to offer. The Average Daily Rate (ADR) for West Adams has increased significantly over the last 5 years as the area has gentrified and due to its close proximity to the new Expo Line. Do not miss this opportunity to own a motel in one of LA's hottest neighborhoods! Showing with accepted offer only. Contact listing agent for more details.

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Tax History for 4701 W Adams Blvd

Assessed Value (2020): $3,162,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,428,000	$1,734,000	$3,162,000

About 4701 W Adams Blvd

Detailed summary of property

4701 W Adams Blvd is categorized with a use code of Motel in Los Angeles, CA 90016 and last sold on December 22, 2020 for $3,940,000. This property has -- bedrooms, -- bathrooms, roughly 6,357 living square feet, and sits on an approximately 9,265 square foot lot. Homes 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 251.79% higher than the current median priced home. 4701 W Adams Blvd was last sold on December 22, 2020 for $3,940,000. Local nearby listings include 1914 S West View St, 1952 Hillcrest Dr and 4380 W 28th St. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 4701 W Adams Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4701 W Adams Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1962
Sq. Ft.: 6,357
Lot Size: 9,265
Stories: 1

Type: Motel
Pool: No
Spa: No
County: Los Angeles
Lot#: 113,114
APN: 5057-005-015

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,000,000

Median List Price/Sq.Ft.

$714

Median Sold Price

$1,012,000

Median Sold Price/Sq.Ft.

$691

Total Inventory

Median Sale to List Price %

101.2%

Avg Days on Market

Loan Type

Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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