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4875 Axtell St, Los Angeles, CA 90032
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4875 Axtell St Los Angeles, CA 90032

$883,138 Sold Price as of 04/19/2021
  • 6 Beds
  • 5 Baths
  • 2,096 Sq.Ft.
Sold
$883,138 Sold Price as of 04/19/2021 Refinance Your Mortgage
Map preview of 4875 Axtell St, Los Angeles, CA 90032

Property Overview: 4875 Axtell St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,096 living square feet and 6,128 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention investors…5 units under $200K per door! Act now on this 5-unit multi-family property with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures, each unit is single level and includes designated parking. Below market rents offers the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained property, this investment offers historically low expenses, ease of management and superb cash flow. Unit mix: one 2 bed/1 bath house and four 1 bed/1bath units. The prime location is in an upcoming area surrounded by plenty of large and new developments. Priced for a quick sale at only $990,000 this investment will not last long!

Listed by Brian Gordon | BRE #01302670 | Lotus Property Services, Inc.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
6,128
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
AR21023022
City
Los Angeles
County
Los Angeles
Time on Site
1192 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,591
  • Total Rent: $1,591
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,044
  • Total Rent: $4,044
  • Pro Forma/Market Rent: $5,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.78%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $68,099
  • Net Operating Income: $47,318
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,418
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $11,088
  • Trash: $38
  • Gardener: $260
  • Insurance: $2,190
  • Maintenance: $2,002
  • Professional Management: $0
  • Water/Sewer: $3,840

Property Details for 4875 Axtell St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5218013021
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East on Eastern North on Axtell Property is on the left hand side
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 4875 Axtell St

Last sold for $883,138 on April 19th, 2021

  • April, 2021

  • Apr 20, 2021

    Date

    Sold

    CRMLS: AR21023022

    $883,138

    Price

  • Mar 2, 2021

    Date

    Pending

    CRMLS: AR21023022

    $990,000

    Price

  • Feb 3, 2021

    Date

    Active

    CRMLS: AR21023022

    $990,000

    Price

  • September, 2020

  • Sep 29, 2020

    Date

    Canceled

    CRMLS: AR20046067

    $1,085,000

    Price

  • Mar 2, 2020

    Date

    Active

    CRMLS: AR20046067

    $1,085,000

    Price

  • Listing provided courtesy of CRMLS

    5 multi-family units with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures, each unit is single level and includes designated parking. Below market rents offers the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained property, this investment offers historically low expenses, ease of management and superb cash flow. Unit mix: one 2 bed/1 bath house and four 1 bed/1bath units. The prime location is in an upcoming area surrounded by plenty of large and new developments. Priced for a quick sale at only $1,085,000 ($217,000 door) this investment will not last long.

  • September, 2020

  • Sep 29, 2020

    Date

    Canceled

    CRMLS: AR20110785

    $1,085,000

    Price

  • Jun 9, 2020

    Date

    Active

    CRMLS: AR20110785

    $1,085,000

    Price

  • Listing provided courtesy of CRMLS

    5 multi-family units with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures , each unit is single level and includes designated parking. Below market rents offer the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained property , this investment offers historically low expenses , ease of management and superb cash flow. Unit mix : one 2 bed/1bath house and four 1bed/1bath units. The prime location is in an upcoming area surrounded by plenty of large and new developments. Priced for a quick sale at only $1,085,000 ( $217,000 door) this investment will not last long.

  • October, 2015

  • Oct 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • June, 1995

  • Jun 28, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4875 Axtell St

Assessed Value (2020): $649,457
Year Land Value Improved Value Assessed Value
2020 $432,972 $216,485 $649,457

Home Value Compared to the Market

This property vs the competition

4875 Axtell St sold on April 19, 2021 for 16.81% 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 $472.33 per/sqft which puts the price per square foot 37.44% lower than the current median sale per square foot for the city of Los Angeles.

About 4875 Axtell St

Detailed summary of property

4875 Axtell St is a apartment that recently sold in Los Angeles, CA 90032. This apartment offered 6 bedrooms, 5 bathrooms, roughly 2,096 living square feet, and sits on an approximately 6,128 square foot lot. 4875 Axtell St was first listed on ArdentRealEstateGroup.com on February 4, 2021. The homeowner sold the property for $883,138. 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 16.81% lower than the current median priced home. Local homes that are currently for sale include 3531 Griffin Ave, 1086 N Bonnie Beach Pl and 321 W Avenue 37. While the average home in Los Angeles, CA is selling in 93 days, 4875 Axtell St has a days on market of 12 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 4875 Axtell St Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4875 Axtell St

Public county record property details
Beds
5
Baths
5
Year built
1924
Sq. Ft.
2,096
Lot Size
6,128
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
5218-013-021

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$662
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
59
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

Thinking of Selling?

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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.

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