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500 W Alondra St, Los Angeles, CA 90248
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500 W Alondra St Los Angeles, CA 90248

$1,700,000 Sold Price as of 12/23/2020
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,700,000 Sold Price as of 12/23/2020 Refinance Your Mortgage
Map preview of 500 W Alondra St, Los Angeles, CA 90248

Property Overview: 500 W Alondra St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 20,366 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This project is Fully RTI, Shovel Ready!!! Best priced RTI development deal in L.A. There are NO linkage fees (grandfathered), so permits are 200K instead of 500K. Most L.A. projects are not grandfathered from linkage fees. Every return on investment metric shot way higher now that the price has gone from 3M to 1.75M!!! Fast Close Wanted! 36-Unit Apartment Entitlement • 500 W Alondra Blvd Los Angeles 90248 (New Address) • 16101 S Figueroa St Los Angeles 90248 (Former Address) • Southwest Corner of Alondra and Figueroa (L.A. City Proper, not in Gardena) • APN: 6120-023-033 (Proposed Building Site) • APN: 6120-023-034 (Park and Picnic Site; small strip of land) • Lot Size: 20,366 SF (19,417 SF + 949 SF) • Units: 36, All 3 Bed, 2 Bath • Market Units: 33 • Restricted Units: 3 (VLI Rent as Part of CA Bonus Density Program) • Residential Stories: 4 (Staggered 2 to 4 stories) • Parking Levels: 2 • Parking Stalls: 54 • Building Size: 36,000 SF roughly • Roof Deck: 6300 SF roughly • Expenditures Already paid over 800K including Sewer Fee • Market Rent $2735 (33x) – Matches L.A. Section 8 Amount (2020) • Restricted Rent $914 (3x) – Allowable Rent by HUD (2019) • Gross Annual Rent: $1,115,964 (100% Occupancy) • Annual Expenses Total: $200,195 • Net Operating Income $915,769 (98.5% Occupancy) • Cost of Construction: $8M Estimated • Equity: 9.55M • Equity Percentage: 50% Roughly • Market Value of New Building: $19.3M Estimated (4.75% Cap Rate)

Listed by Bret Lewis | BRE #01872524 | Bret Lewis, Broker
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
20,366
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
PW20190216
City
Los Angeles
County
Los Angeles
Time on Site
1257 days

Property Details for 500 W Alondra St

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Lot 20000-39999 Sqft, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Parcel Number: 6120023033
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Cistern, Public
Location / Neighborhood
Location Information
  • Other Subdivision Name: Harbor Gateway Neighborhood
  • Directions: Figueroa and Alondra: SW Corner
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 500 W Alondra St

Last sold for $1,700,000 on December 23rd, 2020

  • January, 2021

  • Jan 11, 2021

    Date

    Sold

    CRMLS: PW20190216

    $1,700,000

    Price

  • Dec 7, 2020

    Date

    Pending

    CRMLS: PW20190216

    $1,699,000

    Price

  • Oct 20, 2020

    Date

    Price Change

    CRMLS: PW20190216

    $1,699,000

    Price

  • Oct 15, 2020

    Date

    Price Change

    CRMLS: PW20190216

    $1,749,000

    Price

  • Sep 23, 2020

    Date

    Price Change

    CRMLS: PW20190216

    $1,750,000

    Price

  • Sep 12, 2020

    Date

    Active

    CRMLS: PW20190216

    $1,999,999

    Price

  • January, 2021

  • Jan 11, 2021

    Date

    Canceled

    CRMLS: PW20190223

    $1,699,000

    Price

  • Dec 7, 2020

    Date

    Pending

    CRMLS: PW20190223

    $1,699,000

    Price

  • Oct 20, 2020

    Date

    Price Change

    CRMLS: PW20190223

    $1,699,000

    Price

  • Oct 15, 2020

    Date

    Price Change

    CRMLS: PW20190223

    $1,749,000

    Price

  • Sep 23, 2020

    Date

    Price Change

    CRMLS: PW20190223

    $1,750,000

    Price

  • Sep 12, 2020

    Date

    Active

    CRMLS: PW20190223

    $1,999,999

    Price

  • Listing provided courtesy of CRMLS

  • September, 2020

  • Sep 2, 2020

    Date

    Canceled

    CRMLS: PW20042596

    $2,750,000

    Price

  • Sep 2, 2020

    Date

    Price Change

    CRMLS: PW20042596

    $2,750,000

    Price

  • Sep 2, 2020

    Date

    Price Change

    CRMLS: PW20042596

    $275,000

    Price

  • Aug 4, 2020

    Date

    Price Change

    CRMLS: PW20042596

    $2,000,000

    Price

  • Jul 10, 2020

    Date

    Price Change

    CRMLS: PW20042596

    $2,750,000

    Price

  • Jun 5, 2020

    Date

    Price Change

    CRMLS: PW20042596

    $3,550,000

    Price

  • Feb 27, 2020

    Date

    Active

    CRMLS: PW20042596

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    Blowout price. Already RTI!!! Not desperate. Moving cash into a different business. Best RTI Price in L.A.!!!!!!! 36-Unit Apartment Entitlement RTI • 500 W Alondra Los Angeles 90248 (New Address) • 16101 S Figueroa St Los Angeles 90248 (Former Address) • Units: 36 (33 Market, 3 Restricted) • Unit Mix: 3 bed, 2 bath (All) • Parking: 54 Stalls, 2 Levels • Size in SF: Building 36K, Parking 24K, Roof Top 6.3K • Market Rent $2641 (33x) – Matches L.A. Section 8 Amount (2019) • Restricted Rent $914 (3x) – Allowable Rent by HUD (2019) • Gross Monthly Rent: $89,895 (100% Occupancy) • Gross Annual Rent: $1,078,740 (100% Occupancy) • Expenses: $210,681 o Property Tax: $137,500 (Assessor Valuation of combined Land and Build Cost of 11M) • RTI, includes MEP Additional Features: • Each Unit with Washer/Dryer • Each Parking Level has its own Ingress/Egress • Ample Bike Parking • Abundance of Outdoor Roof Decks • Fully Secured Building • ADA Accessible • Elevator Access • Efficient Unit Layouts

  • September, 2020

  • Sep 2, 2020

    Date

    Canceled

    CRMLS: PW20042576

    $2,000,000

    Price

  • Aug 4, 2020

    Date

    Price Change

    CRMLS: PW20042576

    $2,000,000

    Price

  • Jul 10, 2020

    Date

    Price Change

    CRMLS: PW20042576

    $2,750,000

    Price

  • Jun 5, 2020

    Date

    Price Change

    CRMLS: PW20042576

    $3,550,000

    Price

  • Feb 27, 2020

    Date

    Active

    CRMLS: PW20042576

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    Blowout price. Already RTI!!! Not desperate. Moving cash into a different business. Best RTI Price in L.A.!!!!!!! 36-Unit Apartment Entitlement RTI • 500 W Alondra Los Angeles 90248 (New Address) • 16101 S Figueroa St Los Angeles 90248 (Former Address) • Units: 36 (33 Market, 3 Restricted) • Unit Mix: 3 bed, 2 bath (All) • Parking: 54 Stalls, 2 Levels • Size in SF: Building 36K, Parking 24K, Roof Top 6.3K • Market Rent $2641 (33x) – Matches L.A. Section 8 Amount (2019) • Restricted Rent $914 (3x) – Allowable Rent by HUD (2019) • Gross Monthly Rent: $89,895 (100% Occupancy) • Gross Annual Rent: $1,078,740 (100% Occupancy) • Expenses: $210,681 o Property Tax: $137,500 (Assessor Valuation of combined Land and Build Cost of 11M) • RTI, includes MEP Additional Features: • Each Unit with Washer/Dryer • Each Parking Level has its own Ingress/Egress • Ample Bike Parking • Abundance of Outdoor Roof Decks • Fully Secured Building • ADA Accessible • Elevator Access • Efficient Unit Layouts

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Tax History for 500 W Alondra St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

500 W Alondra St sold on December 23, 2020 for 50.35% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 500 W Alondra St

Detailed summary of property

500 W Alondra St is a land that recently sold in Los Angeles, CA 90248. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 20,366 square foot lot. 500 W Alondra St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,700,000. 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 50.35% higher than the current median priced home. Local homes that are currently for sale include 4120 W Jefferson Blvd, 3434 Chesapeake Ave and 11230 Greenlawn Ave. While the average home in Los Angeles, CA is selling in 98 days, 500 W Alondra St has a days on market of 74 days. There are currently 3964 homes for sale in the Los Angeles real estate market and 2670 of them are single family homes while 1181 of them are condos and 106 are townhomes. For more information on this home for sale at 500 W Alondra St Los Angeles, CA 90248 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 500 W Alondra St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90248 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$765,000
Median List Price/Sq.Ft.
$571
Median Sold Price
$805,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
17
Median Sale to List Price %
97%
Avg Days on Market
27
Loan Type
Conventional (42.86%), FHA (57.14%), VA (0%), Cash (0%), Other (0%)

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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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