4771 W Adams Blvd, Los Angeles, CA 90016
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4771 W Adams Blvd Los Angeles, CA 90016

$2,150,000 Sold Price as of 09/04/2019
  • 4 Beds
  • 4 Baths
  • 4,717 Sq.Ft.
Sold
$2,150,000 Sold Price as of 09/04/2019 Refinance Your Mortgage

Map preview of 4771 W Adams Blvd, Los Angeles, CA 90016

Property Overview: 4771 W Adams Blvd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 4,717 living square feet and 4,559 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in West Adams. Two Separate buildings (Fourplex + Restaurant). Three currently vacant residential units and Commercial Restaurant space will be vacant 7/31/2019. 4771 W. Adams Blvd. is a commercial/retail 2,516 sq. ft space. 2536 - 2538 S. Palm Grove Ave is a two-story 2,201 sq. ft 4-unit building, all 1+1. The property spans a total of 4,717 rentable sq. ft. and is situated on a 4,559 sq. ft. lot. Each unit is individually metered for gas and electricity. Newly remodeled units include updated kitchens with stainless steel appliances, updated bathrooms, & bright, spacious living and bedrooms. New local community gathering locations have opened nearby including yoga studios, coffee shops, restaurants, and art galleries. This property is a great value with excellent market appreciation in a rapidly developing neighborhood. Brokers and agents see private remarks for showings.

Listed by R Kip Kolodziejski | BRE #01847279 | Clement Partners Real Estate
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
4,559
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19477846
City
Los Angeles
County
Los Angeles
Time on Site
1211 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.38%
  • Gross Rent Multiplier: 12.77
  • Gross Scheduled Income: --
  • Net Operating Income: $102,267
  • Gross Operating Income: $144,336
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4771 W Adams Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5057003001
Location / Neighborhood
Location Information
  • Directions: Located on the Northeast corner of W. Adams Blvd. + S. Palm Grove Ave. East of La Brea, West of Crenshaw, South of Washington, North of Jefferson. South of the 10 Freeway.
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Sale History for 4771 W Adams Blvd

Last sold for $2,150,000 on September 4th, 2019
  • September, 2019

  • Sep 6, 2019

    Date

    Sold

    CRMLS: 19477846

    $2,150,000

    Price

  • Jul 16, 2019

    Date

    Active Under Contract

    CRMLS: 19477846

    $1,900,000

    Price

  • Jun 20, 2019

    Date

    Active

    CRMLS: 19477846

    $1,900,000

    Price

  • September, 2019

  • Sep 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,150,000

    Price

  • July, 2016

  • Jul 22, 2016

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

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Tax History for 4771 W Adams Blvd

Assessed Value (2020): $2,160,000
Year Land Value Improved Value Assessed Value
2020 $1,510,000 $650,000 $2,160,000

Home Value Compared to the Market

This property vs the competition

4771 W Adams Blvd sold on September 4, 2019 for 59.66% higher 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 $402.8 per/sqft which puts the price per square foot 46.65% lower than the current median sale per square foot for the city of Los Angeles.

About 4771 W Adams Blvd

Detailed summary of property

4771 W Adams Blvd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 4,717 living square feet, and sits on an approximately 4,559 square foot lot. 4771 W Adams Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,150,000. 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 59.66% higher than the current median priced home. Local homes that are currently for sale include 1424 Meadowbrook Ave, 1371 S Keniston Ave and 3837 Montclair St. While the average home in Los Angeles, CA is selling in 94 days, 4771 W Adams Blvd has a days on market of 26 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 4771 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 4771 W Adams Blvd

Public county record property details
Beds
--
Baths
--
Year built
1928
Sq. Ft.
4,717
Lot Size
4,558
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
323
APN
5057-003-001

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
$1,100,000
Median List Price/Sq.Ft.
$781
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
73
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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Related Resources to 4771 W Adams Blvd

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.