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501 S Lorena St, Los Angeles, CA 90063
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501 S Lorena St Los Angeles, CA 90063

$940,000 Sold Price as of 05/31/2024
  • 6 Beds
  • 3 Baths
  • 2,200 Sq.Ft.
Sold
$940,000 Sold Price as of 05/31/2024 Refinance Your Mortgage
Map preview of 501 S Lorena St, Los Angeles, CA 90063

Property Overview: 501 S Lorena St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,200 living square feet and 4,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investment opportunity Triplex 3/1 2/1 and 1/1 newly upgraded all throught.

Listed by Johnna Furesh | BRE #02026465 | Renuvo Capital
Last checked: 7 minutes ago | Last updated: June 2nd, 2024 | Source CRMLS | DOM: 129

Home details

Lot Sq. Ft
4,250
HOA Dues
$0/mo
Year built
1906
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
PW23195592
City
Los Angeles
County
Los Angeles
Time on Site
261 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $6,750
  • Net Operating Income: $6,400
  • Gross Operating Income: $5,738
  • Vacancy Allowance: $1,012
Annual Expense Breakdown
  • Total Operating Expense: $350
  • Electric: $1,500
  • Gas/Fuel: $1,000
  • Trash: $850
  • Insurance: $1,250
  • Water/Sewer: $0

Property Details for 501 S Lorena St

Interior Features
Laundry Information
  • None, See Remarks
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Canyon
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5186008002
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South Lorena and the 60 FWY
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 501 S Lorena St

Last sold for $940,000 on May 31st, 2024

  • May, 2024

  • May 31, 2024

    Date

    Sold

    CRMLS: PW23195592

    $940,000

    Price

  • Oct 20, 2023

    Date

    Active

    CRMLS: PW23195592

    $940,000

    Price

  • October, 2023

  • Oct 7, 2023

    Date

    Canceled

    CRMLS: 23296107

    $899,999

    Price

  • Jul 31, 2023

    Date

    Active

    CRMLS: 23296107

    $899,999

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 501 S Lorena St, a fantastic house hacking opportunity in the heart of Los Angeles, CA. This property presents an exciting chance to leverage your investment and live smartly in one of the most vibrant cities in the world. The property is currently fully occupied with a vacant unit becoming available after 8/20/23. House hacking at 501 S Lorena St is a strategic move that can make homeownership more affordable and accelerate your financial goals. Imagine living in one unit while your tenants' rent contributes to your mortgage, creating a pathway to building long-term wealth. Situated in a sought-after area, this property offers easy access to major highways, public transportation, schools, parks, and shopping centers. Seller has another triplex from their portfolio that is on the market: APN: 5056-026-024 MLS#: 23-286531

  • March, 2022

  • Mar 18, 2022

    Date

    Active

    CRMLS: PW22054510

    $990,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex near Freeway entrance, Arts District, Downtown LA.

  • March, 2022

  • Mar 16, 2022

    Date

    Canceled

    CRMLS: PW21264915

    $1,000,000

    Price

  • Dec 16, 2021

    Date

    Active

    CRMLS: PW21264915

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex with a view! Minutes from the Arts district and Downtown LA.

  • December, 2018

  • Dec 22, 2018

    Date

    Sold

    CRMLS: 18348642

    $787,500

    Price

  • Jun 18, 2018

    Date

    Pending

    CRMLS: 18348642

    $795,000

    Price

  • May 29, 2018

    Date

    Active

    CRMLS: 18348642

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    Fully Renovated Turnkey property delivered Vacant. Perfect for an owner user and/or investor looking to enter a gentrifying market where rents continue to climb. Property is in immaculate condition and includes: Copper Plumbing, New Roof, Wood Floors, New Stainless Steel Appliances. New Windows, Laundry Hookups (Only Unit #1), New Ceiling Fans and Light Fixtures, New Bathrooms (Toilets, Showers, Mirrors, and Cabinetry), New Concrete, Sliding Fence, Expansive Lower Deck (With Great Views). Broker/agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property. Buyer to verify the accuracy of all information and conduct their own due diligence through personal inspection with appropriate professionals.

  • September, 2018

  • Sep 18, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2018

  • Aug 22, 2018

    Date

    Sold (Public Records)

    Public Records

    $787,500

    Price

Show More

Tax History for 501 S Lorena St

Assessed Value (2020): $795,000
Year Land Value Improved Value Assessed Value
2020 $395,000 $400,000 $795,000

Home Value Compared to the Market

This property vs the competition

501 S Lorena St sold on May 31, 2024 for 26.22% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $427.27 per/sqft which puts the price per square foot 45.98% lower than the current median sale per square foot for the city of Los Angeles.

About 501 S Lorena St

Detailed summary of property

501 S Lorena St is a triplex that recently sold in Los Angeles, CA 90063. This triplex offered 6 bedrooms, 3 bathrooms, roughly 2,200 living square feet, and sits on an approximately 4,250 square foot lot. 501 S Lorena St was first listed on ArdentRealEstateGroup.com on October 21, 2023. The homeowner sold the property for $940,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 26.22% lower than the current median priced home. Local homes that are currently for sale include 505 S Chicago St, 806 N Record Ave and 4280 Dennison St. While the average home in Los Angeles, CA is selling in 102 days, 501 S Lorena St has a days on market of 129 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 501 S Lorena St Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 501 S Lorena St

Public county record property details
Beds
7
Baths
3
Year built
1906
Sq. Ft.
2,048
Lot Size
4,249
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5186-008-002

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$640
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$633
Total Inventory
40
Median Sale to List Price %
100.01%
Avg Days on Market
35
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 501 S Lorena St

459 S Lorena St, Los Angeles, CA 90063
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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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