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502 E 23Rd St, Los Angeles, CA 90011
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502 E 23Rd St Los Angeles, CA 90011

$900,000 Sold Price as of 04/16/2022
  • 8 Beds
  • 5 Baths
  • 5,334 Sq.Ft.
Sold
$900,000 Sold Price as of 04/16/2022 Refinance Your Mortgage
Map preview of 502 E 23Rd St, Los Angeles, CA 90011

Property Overview: 502 E 23Rd St Los Angeles, CA has 8 bedrooms, 5 bathrooms, 5,334 living square feet and 3,802 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This building consists of 5 units total located in a very desirable area for investors, with easy access to freeways and 7 minutes driving time to the Staple Center and Down Town Los Angeles. The first level is a mini market available for an owner operator to come and open a business, the second floor consists of 4- 2 bedroom units, lots of potential. The store front unit is also available for lease.

Listed by Edison Echeverry | BRE #01224344 | Peak Commercial Inc.
Last checked: 12 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 231

Home details

Lot Sq. Ft
3,802
HOA Dues
$0/mo
Year built
1904
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
DW21156676
City
Los Angeles
County
Los Angeles
Time on Site
1025 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # 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: $1,080
  • Total Rent: $1,080
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,360
  • Net Operating Income: $81,860
  • Gross Operating Income: --
  • Vacancy Allowance: $6,500
Annual Expense Breakdown
  • Total Operating Expense: $32,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 502 E 23Rd St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Room Information
  • All Bedrooms Up
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5127012006
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Natural Gas Available, Natural Gas Connected, See Remarks, Sewer Available, Sewer Connected, Water Available, Water Connected
Location / Neighborhood
Location Information
  • Directions: South of 10 freeway.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 502 E 23Rd St

Last sold for $900,000 on April 16th, 2022

  • April, 2022

  • Apr 18, 2022

    Date

    Sold

    CRMLS: DW21156676

    $900,000

    Price

  • Jul 18, 2021

    Date

    Active

    CRMLS: DW21156676

    $1,300,000

    Price

  • December, 2020

  • Dec 1, 2020

    Date

    Expired

    CRMLS: DW20127859

    $1,650,000

    Price

  • Nov 29, 2020

    Date

    Withdrawn

    CRMLS: DW20127859

    $1,650,000

    Price

  • Jul 1, 2020

    Date

    Active

    CRMLS: DW20127859

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2020

  • Apr 11, 2020

    Date

    Expired

    CRMLS: PW19257299

    $1,650,000

    Price

  • Nov 4, 2019

    Date

    Active

    CRMLS: PW19257299

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2005

  • Oct 3, 2005

    Date

    Sold (Public Records)

    Public Records

    $2,751,136

    Price

  • April, 2002

  • Apr 19, 2002

    Date

    Sold (Public Records)

    Public Records

    $235,000

    Price

Show More

Tax History for 502 E 23Rd St

Assessed Value (2020): $840,947
Year Land Value Improved Value Assessed Value
2020 $341,125 $499,822 $840,947

Home Value Compared to the Market

This property vs the competition

502 E 23Rd St sold on April 16, 2022 for 3.36% 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 $215.6 per/sqft which puts the price per square foot 71.44% lower than the current median sale per square foot for the city of Los Angeles.

About 502 E 23Rd St

Detailed summary of property

502 E 23Rd St is a mixed use that recently sold in Los Angeles, CA 90011. This mixed use property offered 8 bedrooms, 5 bathrooms, roughly 5,334 living square feet, and sits on an approximately 3,802 square foot lot. 502 E 23Rd St was first listed on ArdentRealEstateGroup.com on July 18, 2021. The homeowner sold the property for $900,000. 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 3.36% lower than the current median priced home. Local homes that are currently for sale include 4568 W 1st St #212, 1140 W 89th St and 9120 S Fir Ave. While the average home in Los Angeles, CA is selling in 94 days, 502 E 23Rd St has a days on market of 231 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 502 E 23Rd St 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 502 E 23Rd St

Public county record property details
Beds
--
Baths
--
Year built
1904
Sq. Ft.
5,334
Lot Size
3,801
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
5127-012-006

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.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
38
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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(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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