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5012 Mckinley Ave, Los Angeles, CA 90011
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5012 Mckinley Ave Los Angeles, CA 90011

$850,000 Sold Price as of 07/13/2021
  • 8 Beds
  • 4 Baths
  • 3,024 Sq.Ft.
Sold
$850,000 Sold Price as of 07/13/2021 Refinance Your Mortgage
Map preview of 5012 Mckinley Ave, Los Angeles, CA 90011

Property Overview: 5012 Mckinley Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,024 living square feet and 5,232 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment opportunity! Fourplex in a well established Los Angeles neighborhood. Units feature four 2 Bedrooms and 1 Bathroom with a Living Room and a Kitchen. Low maintenance and 6 parking spaces for tenants. Individually metered for gas and electric. Property is centrally located near everything: USC, Museums, Downtown L.A., Shopping Centers, Grocery Stores, Schools, Parks and Freeway access. All units are fully occupied with long-term tenants who pay their rent on time. Property is in Rent Control Area. Property sold AS-IS. Please do not disturb tenants. Don't miss out on this opportunity!

Listed by Thomas Ly | BRE #02084266 | Lifetime Realty Inc
Co-listed by Tommy Kim | BRE #01795209 | Lifetime Realty Inc
Last checked: 2 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
5,232
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
AR21085684
City
Los Angeles
County
Los Angeles
Time on Site
1095 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # 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: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,680
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,680
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,245
  • Pro Forma/Market Rent: $1,680
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,680
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.96%
  • Gross Rent Multiplier: 14.44
  • Gross Scheduled Income: $58,860
  • Net Operating Income: $42,235
  • Gross Operating Income: --
  • Other Income 1: $300
  • Other Income Description: Parking Space
Annual Expense Breakdown
  • Total Operating Expense: $16,625
  • New Taxes: $10,625
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $4,500

Property Details for 5012 Mckinley Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5108014012
  • Year Built Source: Assessor
  • Property is 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, Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: CA-60W continue onto I-10W, exit 15A Central Ave, left onto Naomi Ave, left onto E Adams Ave, right onto Hooper Ave, right onto E Vernon Ave, left onto Mckinley Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5012 Mckinley Ave

Last sold for $850,000 on July 13th, 2021

  • July, 2021

  • Jul 14, 2021

    Date

    Sold

    CRMLS: AR21085684

    $850,000

    Price

  • Jun 8, 2021

    Date

    Pending

    CRMLS: AR21085684

    $850,000

    Price

  • Apr 24, 2021

    Date

    Active

    CRMLS: AR21085684

    $850,000

    Price

  • December, 2020

  • Dec 30, 2020

    Date

    Canceled

    CRMLS: PW19279374

    $809,000

    Price

  • Nov 7, 2020

    Date

    Active

    CRMLS: PW19279374

    $809,000

    Price

  • Nov 6, 2020

    Date

    Hold

    CRMLS: PW19279374

    $809,000

    Price

  • May 5, 2020

    Date

    Active

    CRMLS: PW19279374

    $809,000

    Price

  • Apr 14, 2020

    Date

    Withdrawn

    CRMLS: PW19279374

    $809,000

    Price

  • Apr 12, 2020

    Date

    Hold

    CRMLS: PW19279374

    $809,000

    Price

  • Apr 1, 2020

    Date

    Active

    CRMLS: PW19279374

    $809,000

    Price

  • Mar 29, 2020

    Date

    Active Under Contract

    CRMLS: PW19279374

    $809,000

    Price

  • Mar 27, 2020

    Date

    Hold

    CRMLS: PW19279374

    $809,000

    Price

  • Mar 5, 2020

    Date

    Pending

    CRMLS: PW19279374

    $809,000

    Price

  • Jan 29, 2020

    Date

    Active

    CRMLS: PW19279374

    $809,000

    Price

  • Jan 15, 2020

    Date

    Withdrawn

    CRMLS: PW19279374

    $809,000

    Price

  • Jan 3, 2020

    Date

    Active Under Contract

    CRMLS: PW19279374

    $809,000

    Price

  • Dec 11, 2019

    Date

    Active

    CRMLS: PW19279374

    $809,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2019

  • Nov 29, 2019

    Date

    Expired

    CRMLS: PW19207870

    $809,000

    Price

  • Nov 18, 2019

    Date

    Price Change

    CRMLS: PW19207870

    $809,000

    Price

  • Nov 12, 2019

    Date

    Active

    CRMLS: PW19207870

    $829,000

    Price

  • Nov 4, 2019

    Date

    Active Under Contract

    CRMLS: PW19207870

    $829,000

    Price

  • Aug 30, 2019

    Date

    Active

    CRMLS: PW19207870

    $829,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment opportunity! Fourplex in a well established Los Angeles neighborhood. Units feature four 2 Bedrooms and 1 Bathroom with a Living Room and a Kitchen. Low maintenance and 6 parking spaces for tenants. Individually metered for gas and electric. Property is centrally located near everything: USC, Museums, Downtown L.A., Shopping Centers, Grocery Stores, Schools, Parks and Freeway access. All units are fully occupied with long-term tenants who pay their rent on time. Property is in Rent Control Area. Please do not disturb tenants. Don't miss out on this opportunity!

  • August, 2019

  • Aug 22, 2019

    Date

    Expired

    CRMLS: CV19039719

    $850,000

    Price

  • Feb 21, 2019

    Date

    Active

    CRMLS: CV19039719

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment opportunity! Fourplex in a well established Los Angeles neighborhood. Units feature four 2 Bedrooms and 1 Bathroom with a Living Room and a Kitchen. Low maintenance and 6 parking spaces for tenants. Individually metered for gas and electric. Property is centrally located near everything: USC, Museums, Downtown L.A., Shopping Centers, Grocery Stores, Schools, Parks and Freeway access. All units are fully occupied with long-term tenants who pay their rent on time. Property is in Rent Control Area. Please do not disturb tenants. Don't miss out on this opportunity!

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: CV17060659

    $825,000

    Price

  • Nov 15, 2018

    Date

    Price Change

    CRMLS: CV17060659

    $825,000

    Price

  • May 29, 2018

    Date

    Price Change

    CRMLS: CV17060659

    $900,000

    Price

  • Nov 24, 2017

    Date

    Price Change

    CRMLS: CV17060659

    $875,000

    Price

  • Jun 5, 2017

    Date

    Price Change

    CRMLS: CV17060659

    $850,000

    Price

  • Mar 24, 2017

    Date

    Active

    CRMLS: CV17060659

    $825,000

    Price

  • Listing provided courtesy of CRMLS

    This 4 unit apartment has 2 bedrooms and 1 bathroom in each unit. All units are fully occupied with good tenants. The property has 4 newer water heaters, updated plumbing, and a newer bar fence. Individually metered for gas and electric. Low maintenance. Parking is available on site with 6 total parking spaces. Four parking spaces are assigned plus 2 extra parking spaces. Street parking is also available. Few minutes to South Park Recreation Center. Conveniently located near freeways, schools, and churches. Near Downtown Los Angeles and many nearby public transportation options. Tenants are not aware of sale. Please do not disturb tenants. Offers subject to interior inspection.

  • March, 2011

  • Mar 23, 2011

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

  • April, 2000

  • Apr 10, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5012 Mckinley Ave

Assessed Value (2020): $398,294
Year Land Value Improved Value Assessed Value
2020 $150,298 $247,996 $398,294

Home Value Compared to the Market

This property vs the competition

5012 Mckinley Ave sold on July 13, 2021 for 28.57% 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 $281.08 per/sqft which puts the price per square foot 62.77% lower than the current median sale per square foot for the city of Los Angeles.

About 5012 Mckinley Ave

Detailed summary of property

5012 Mckinley Ave is a fourplex that recently sold in Los Angeles, CA 90011. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,024 living square feet, and sits on an approximately 5,232 square foot lot. 5012 Mckinley Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $850,000. 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 28.57% lower than the current median priced home. Local homes that are currently for sale include 1537 E 51st St, 1541 E 51st St and 1531 E 46th St. While the average home in Los Angeles, CA is selling in 93 days, 5012 Mckinley Ave has a days on market of 39 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 5012 Mckinley Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5012 Mckinley Ave

Public county record property details
Beds
8
Baths
4
Year built
1965
Sq. Ft.
3,024
Lot Size
5,232
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21,23
APN
5108-014-012

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$457
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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