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490 Solano Ave, Los Angeles, CA 90012
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490 Solano Ave Los Angeles, CA 90012

$700,000 Sold Price as of 08/26/2024
  • 3 Beds
  • 1.5 Baths
  • 1,876 Sq.Ft.
Sold
$700,000 Sold Price as of 08/26/2024 Refinance Your Mortgage
Map preview of 490 Solano Ave, Los Angeles, CA 90012

Property Overview: 490 Solano Ave Los Angeles, CA has 3 bedrooms, 1.5 bathrooms, 1,876 living square feet and 5,837 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity within the Elysian Park’s historic Solano Canyon, conveniently located just south of Dodger Stadium, east of China town and north of Downtown. You are greeted with a view of Buena Vista Hill from the front porch entrance which leads into the main floor to a welcoming foyer. This 3-bedrooms 1 ½ bath is situated about a block from L.A. Historic Park, Solano Community Garden, Solano Avenue Elementary School, the L.A. River, and the 110 freeway on ramp. The home features a formal living and dining room, family room for entertainment, a kitchen, laundry area and a ½ bath at the end of the main floor hallway. The stairway to the 2nd level leads to 3 bedrooms and a full bath. (tax record shows 1 full bath) No off-street parking however, this is a great opportunity to turn this excellent R2 zoned 5,837 sq ft lot into a great investment property. Property is sold as-is condition. Seller will not provide any repairs. Property will not qualify for standard conventional loan. This is a probate sale, no court confirmation required. The seller will entertain all offers. All information is deemed accurate and to the best of the seller’s knowledge. The buyer and buyer’s agent do your diligently to verify all information.

Listed by LINDY FONG | BRE #01207239 | TRANSPAC INVESTMENT CO.
Last checked: 2 minutes ago | Last updated: August 27th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
5,837
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
WS24129353
City
Los Angeles
County
Los Angeles
Time on Site
95 days

Property Details for 490 Solano Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • All Bedrooms Up, Entry, Family Room, Foyer, Kitchen, Living Room, Separate Family Room
Kitchen Information
  • No Appliances
  • None
Bathroom Information
  • # of Baths (Full): 1
  • # of Baths (1/2): 1
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Front Porch
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Hills, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 5414023011
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: North of Broadway and south of Amador
Neighborhood Information
  • Community Features: Park, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 490 Solano Ave

Last sold for $700,000 on August 26th, 2024

  • August, 2024

  • Aug 26, 2024

    Date

    Sold

    CRMLS: WS24129353

    $700,000

    Price

  • Jun 27, 2024

    Date

    Active

    CRMLS: WS24129353

    $800,000

    Price

Tax History for 490 Solano Ave

Assessed Value (2020): $73,025
Year Land Value Improved Value Assessed Value
2020 $44,806 $28,219 $73,025

Home Value Compared to the Market

This property vs the competition

490 Solano Ave sold on August 26, 2024 for 28.57% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $426.44 per/sqft which puts the price per square foot 41.1% lower than the current median sale per square foot for the city of Los Angeles.

About 490 Solano Ave

Detailed summary of property

490 Solano Ave is a single family home that recently sold in Los Angeles, CA 90012. This house offered 3 bedrooms, 1.5 bathrooms, roughly 1,876 living square feet, and sits on an approximately 5,837 square foot lot. 490 Solano Ave was first listed on ArdentRealEstateGroup.com on June 25, 2024. The homeowner sold the property for $700,000. Home 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 28.57% lower than the current median priced home. Local homes that are currently for sale include 121 S Hope St #10, 121 S Hope St #607 and 800 W 1st St #1405. While the average home in Los Angeles, CA is selling in 106 days, 490 Solano Ave has a days on market of 27 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 490 Solano Ave Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 490 Solano Ave

Public county record property details
Beds
3
Baths
1
Year built
1922
Sq. Ft.
1,876
Lot Size
5,834
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5414-023-011

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$635,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
53
Median Sale to List Price %
99.37%
Avg Days on Market
26
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (40%), Other (20%)

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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