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503 N Larchmont Blvd, Los Angeles, CA 90004
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503 N Larchmont Blvd Los Angeles, CA 90004

$2,850,000 Sold Price as of 03/29/2024
  • -- Beds
  • -- Baths
  • 3,700 Sq.Ft.
Sold
$2,850,000 Sold Price as of 03/29/2024 Refinance Your Mortgage
Map preview of 503 N Larchmont Blvd, Los Angeles, CA 90004

Property Overview: 503 N Larchmont Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 3,700 living square feet and 6,983 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Trust Sale. NO Court Confirmation required. For sale AFTER 64 years! Single story, 2-unit commercial office building at the corner of Larchmont Blvd. & Rosewood Ave. in very desirable Larchmont Village. Clean Environmental Phase I completed December 2023 available. Existing property is approx. 3,700 SF office building on a lot approx. 6,983 SF, zoned LAC2 in an ideal signalized corner location. Brand new roof installed in June 2023. Potential for future development. Close to Studios and everything in Larchmont Village. Sold AS IS and WHERE IS with current tenants in place. Buyer to conduct their own investigations.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 12 minutes ago | Last updated: March 30th, 2024 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
6,983
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Other
Status
Sold
MLS#
23337023
City
Los Angeles
County
Los Angeles
Time on Site
156 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.23%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $11,828
  • Net Operating Income: $130,821
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $720
  • Trash: $3,870
  • Professional Management: $12,000

Property Details for 503 N Larchmont Blvd

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
  • Central
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 5523016020
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available
Location / Neighborhood
Location Information
  • Directions: Located along Larchmont Blvd, South of Melrose Ave, North of Beverly Blvd and East of Rossmore Ave and the Wilshire Country Club.
View more facts & features

Local Los Angeles Agent

Sale History for 503 N Larchmont Blvd

Last sold for $2,850,000 on March 29th, 2024

  • March, 2024

  • Mar 29, 2024

    Date

    Sold

    CRMLS: 23337023

    $2,850,000

    Price

  • Dec 11, 2023

    Date

    Active

    CRMLS: 23337023

    $2,500,000

    Price

  • June, 2021

  • Jun 24, 2021

    Date

    Active

    CRMLS: 21752084

    $3,850

    Price

  • Listing provided courtesy of CRMLS

    Please call Hancock Homes Realty for Inquires. Modern Space for sublease in the heart of Larchmont! The creative space boasts an industrial style. Featuring concreate floors, exposed ductwork, mixed metal finishes, bold paint, this stark contrast brings an edgy vibe to the environment! The open floor plan includes built in desks - offering room for up to 10 individuals, bathroom, ample storage and one reserved parking space! Not only is this one-of-a-kind space just blocks from Larchmont Village, it's also close proximity to production studios and all that trendy Melrose Ave has to offer!

  • December, 2020

  • Dec 28, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2020

  • Oct 7, 2020

    Date

    Active

    CRMLS: 20643352

    $6,355

    Price

  • Listing provided courtesy of CRMLS

    Single story, 2-unit commercial office building at the corner of Larchmont Blvd. & Rosewood Ave. in Larchmont Village. Located south of Melrose, West of Western Ave., and just East of Rossmore Ave. on Larchmont Blvd. Excellent commercial space in Larchmont Village with 3 private offices, 1 conference room, open floor for additional workstations, utility room, break-room/kitchen, one restroom, central HVAC, and 3 assigned off-site gated parking spaces. Current tenant is still in the process of moving out. Any and all of tenant's personal belongings shown in the pictures are not included. Rentable SF is 1,550, and usable SF is 1,450.

  • April, 2004

  • Apr 14, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 503 N Larchmont Blvd

Assessed Value (2020): $323,603
Year Land Value Improved Value Assessed Value
2020 $111,522 $212,081 $323,603

Home Value Compared to the Market

This property vs the competition

503 N Larchmont Blvd sold on March 29, 2024 for 110.08% higher 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 $675.68 per/sqft which puts the price per square foot 10.51% lower than the current median sale per square foot for the city of Los Angeles.

About 503 N Larchmont Blvd

Detailed summary of property

503 N Larchmont Blvd is a other that recently sold in Los Angeles, CA 90004. This property offered -- bedrooms, -- bathrooms, roughly 3,700 living square feet, and sits on an approximately 6,983 square foot lot. 503 N Larchmont Blvd was first listed on ArdentRealEstateGroup.com on December 13, 2023. The homeowner sold the property for $2,850,000. 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 110.08% higher than the current median priced home. Local homes that are currently for sale include 5975 S Broadway, 1605 E 1st St and 4140 Eagle Rock Blvd. While the average home in Los Angeles, CA is selling in 94 days, 503 N Larchmont Blvd has a days on market of 43 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 503 N Larchmont Blvd Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 503 N Larchmont Blvd

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
3,700
Lot Size
6,983
Stories
1
Type
Financial Bldg (Bank, S&L; Mtge; Loan; Credit)
Pool
No
Spa
No
County
Los Angeles
Lot#
125
APN
5523-016-020

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$795
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
61
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), 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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