4940 Lincoln Ave, Los Angeles, CA 90042
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4940 Lincoln Ave Los Angeles, CA 90042

$2,000,000 Sold Price as of 07/18/2023
  • 4 Beds
  • 3 Baths
  • 2,429 Sq.Ft.
Sold
$2,000,000 Sold Price as of 07/18/2023 Refinance Your Mortgage

Map preview of 4940 Lincoln Ave, Los Angeles, CA 90042

Property Overview: 4940 Lincoln Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,429 living square feet and 10,799 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Enchanting Craftsman compound in the heart of Highland Park. Originally built in 1908 and recently restored with fresh and stylish updates, these two detached homes on one lot offer a myriad of possibilities for modern living. Both units are delivered vacant! The main residence is light-filled and warm with vintage charm and a balance of character and modern comfort. All the living spaces, including the three spacious bedrooms and two full bathrooms, receive beautiful natural lighting. Period details include original windows and charming built-ins throughout. Upstairs is the expansive primary bedroom featuring a large walk-in closet, a relaxing sitting area and en-suite bathroom. The home's kitchen and bathrooms have been thoughtfully updated, tastefully blending the old with the new. The kitchen features a dining nook, inviting you to enjoy warm morning coffees while basking in the sun's glow. The second home is a detached 1BR/1BA at the rear of the property offering privacy and charm in equal measure. Perfect as a guest house, office, or rental opportunity. The final bonus space is a converted garage serving as a dynamic music studio or creative space. The sprawling double lot offers ample room for alfresco dining, grassy play for kids and pets, and entertaining friends around a cozy firepit. There is even an additional storage shed and kids playhouse. This rare Highland Park property offers the best of east side NELA living with easy access to all the best shops and restaurants on York Blvd including Kumquat Coffee, Donut Friend, Belle's Bagels and much more.

Listed by Matthew Morgus | BRE #01815666 | Compass
Co-listed by Robert Kallick | BRE #01871966 | Compass
Last checked: 14 minutes ago | Last updated: December 20th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
10,799
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23281727
City
Los Angeles
County
Los Angeles
Time on Site
461 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $6,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.73
  • Gross Scheduled Income: --
  • Net Operating Income: $108,000
  • Gross Operating Income: $108,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4940 Lincoln Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, In Kitchen
Fireplace Information
  • Has Fireplace
  • Decorative, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Exterior Features
Exterior Information
  • Other Structures: Guest House, Shed(s)
  • Has Spa
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Tandem Garage
Property Information
  • Has View
  • View: Hills
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5477005012
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of York, West of Ave 50
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Sale History for 4940 Lincoln Ave

Last sold for $2,000,000 on July 18th, 2023
  • July, 2023

  • Jul 18, 2023

    Date

    Canceled

    CRMLS: 23281617

    $1,699,000

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: 23281617

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2023

  • Jul 18, 2023

    Date

    Sold

    CRMLS: 23281727

    $2,000,000

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: 23281727

    $1,699,000

    Price

  • December, 2015

  • Dec 17, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,020,000

    Price

  • July, 2013

  • Jul 31, 2013

    Date

    Sold (Public Records)

    Public Records

    $430,000

    Price

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Tax History for 4940 Lincoln Ave

Assessed Value (2020): $1,104,078
Year Land Value Improved Value Assessed Value
2020 $671,106 $432,972 $1,104,078

Home Value Compared to the Market

This property vs the competition

4940 Lincoln Ave sold on July 18, 2023 for 51.7% higher 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 $699.46 per/sqft which puts the price per square foot 3.39% lower than the current median sale per square foot for the city of Los Angeles.

About 4940 Lincoln Ave

Detailed summary of property

4940 Lincoln Ave is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 2,429 living square feet, and sits on an approximately 10,799 square foot lot. 4940 Lincoln Ave was first listed on ArdentRealEstateGroup.com on June 16, 2023. The homeowner sold the property for $2,000,000. 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 51.7% higher than the current median priced home. Local homes that are currently for sale include 2626 Corralitas Dr, 3020 Baldwin St and 2106 Valentine St. While the average home in Los Angeles, CA is selling in 106 days, 4940 Lincoln Ave has a days on market of 11 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 4940 Lincoln Ave Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4940 Lincoln Ave

Public county record property details
Beds
4
Baths
3
Year built
1908
Sq. Ft.
2,429
Lot Size
10,799
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,11
APN
5477-005-012

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$995,000
Median List Price/Sq.Ft.
$800
Median Sold Price
$1,210,001
Median Sold Price/Sq.Ft.
$863
Total Inventory
112
Median Sale to List Price %
121.12%
Avg Days on Market
29
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (16.67%), Other (16.67%)

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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.