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4801 2nd Ave Los Angeles, CA 90043

$2,600,000 Sold Price as of 11/15/2021

10 Beds
32 Baths
14,565 Sq.Ft.

Sold

$2,600,000 Sold Price as of 11/15/2021 Refinance Your Mortgage

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Map preview of 4801 2nd Ave, Los Angeles, CA 90043

Property Overview: 4801 2nd Ave Los Angeles, CA has 10 bedrooms, 32 bathrooms, 14,565 living square feet and 13,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city. The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone

Listed by Ofer Halimi | BRE #01324758 | Compass

Last checked: 7 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 179

Home details

Lot Sq. Ft: 13,001
HOA Dues: $0/mo
Year built: 1912
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21683704
City: Los Angeles
County: Los Angeles
Time on Site: 1256 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 17
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 5
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $971
Total Rent: $4,857
Pro Forma/Market Rent: $6,250

Unit Breakdown 2

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,684
Total Rent: $3,368
Pro Forma/Market Rent: $5,700

Unit Breakdown 3

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,157
Total Rent: $4,630
Pro Forma/Market Rent: $6,400

Unit Breakdown 4

# of Units: 5
# of Beds: 0
# of Baths: 4
Furnishing: Unfurnished
Actual Rent: $1,338
Total Rent: $6,691
Pro Forma/Market Rent: $7,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 11.6
Gross Scheduled Income: --
Net Operating Income: $209,340
Gross Operating Income: $234,552

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 4801 2nd Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Heating Information

Has Heating
Wall Furnace

Kitchen Information

Has Appliances

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 13
Has Parking
Parking Features: Gated

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 17
Parcel Number: 5015038011
Year Built Source: Assessor

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Assessment Information

No Assessments

Location / Neighborhood

Location Information

Directions: Google Map

View more facts & features

Local Los Angeles Agent

Sale History for 4801 2nd Ave

Last sold for $2,600,000 on November 15th, 2021

July, 2021
Jul 27, 2021

Date

Active Under Contract

CRMLS: 21683704

$2,725,000

Price
May 24, 2021

Date

Active

CRMLS: 21683704

$2,725,000

Price
May 19, 2021

Date

Active Under Contract

CRMLS: 21683704

$2,725,000

Price
Jan 22, 2021

Date

Active

CRMLS: 21683704

$2,725,000

Price
December, 2020
Dec 7, 2020

Date

Canceled

CRMLS: 20611890

$2,975,000

Price
Nov 23, 2020

Date

Active Under Contract

CRMLS: 20611890

$2,975,000

Price
Nov 3, 2020

Date

Price Change

CRMLS: 20611890

$2,975,000

Price
Aug 28, 2020

Date

Price Change

CRMLS: 20611890

$3,050,000

Price
Jul 31, 2020

Date

Active

CRMLS: 20611890

$3,200,000

Price
Listing provided courtesy of CRMLS
November, 2020
Nov 20, 2020

Date

Expired

CRMLS: 20580902

$3,200,000

Price
Jul 27, 2020

Date

Withdrawn

CRMLS: 20580902

$3,200,000

Price
Jul 8, 2020

Date

Price Change

CRMLS: 20580902

$3,200,000

Price
Jun 29, 2020

Date

Price Change

CRMLS: 20580902

$3,250,000

Price
Jun 17, 2020

Date

Price Change

CRMLS: 20580902

$3,290,000

Price
May 19, 2020

Date

Active

CRMLS: 20580902

$3,450,000

Price
Listing provided courtesy of CRMLS

Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city.The property is located in a federal qualified ENTERPRISE ZONE / EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone

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August, 2019
Aug 28, 2019

Date

Sold (Public Records)

Public Records

--

Price
April, 2019
Apr 19, 2019

Date

Sold (Public Records)

Public Records

$1,900,000

Price

Tax History for 4801 2nd Ave

Assessed Value (2020): $1,939,040

Year	Land Value	Improved Value	Assessed Value
2020	$1,127,100	$811,940	$1,939,040

Home Value Compared to the Market

This property vs the competition

4801 2nd Ave sold on November 15, 2021 for 141.15% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $187.09 per/sqft which puts the price per square foot 75.19% lower than the current median sale per square foot for the city of Los Angeles.

About 4801 2nd Ave

Detailed summary of property

4801 2nd Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 10 bedrooms, 32 bathrooms, roughly 14,565 living square feet, and sits on an approximately 13,001 square foot lot. 4801 2nd Ave was first listed on ArdentRealEstateGroup.com on January 22, 2021. The homeowner sold the property for $2,600,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 141.15% higher than the current median priced home. Local homes that are currently for sale include 4809 W Adams Blvd, 4400 W Washington Blvd and 1630 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 99 days, 4801 2nd Ave has a days on market of 179 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 4801 2nd 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 4801 2nd Ave

Public county record property details

Beds: --
Baths: --
Year built: 1912
Sq. Ft.: 14,565
Lot Size: 13,000
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 199,200
APN: 5015-038-011

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

$895,000

Median List Price/Sq.Ft.

$594

Median Sold Price

$875,000

Median Sold Price/Sq.Ft.

$676

Total Inventory

Median Sale to List Price %

87.94%

Avg Days on Market

Loan Type

Conventional (20%), FHA (13.33%), VA (0%), Cash (6.67%), Other (26.67%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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.