Search
509 Belmont Ave, Los Angeles, CA 90026
View Photos

509 Belmont Ave Los Angeles, CA 90026

$1,750,000 Sold Price as of 01/02/2020
  • 7 Beds
  • 7 Baths
  • 3,900 Sq.Ft.
Sold
$1,750,000 Sold Price as of 01/02/2020 Refinance Your Mortgage
Map preview of 509 Belmont Ave, Los Angeles, CA 90026

Property Overview: 509 Belmont Ave Los Angeles, CA has 7 bedrooms, 7 bathrooms, 3,900 living square feet and 5,358 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: sold before processing.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 14 minutes ago | Last updated: November 17th, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,358
HOA Dues
$0/mo
Year built
2018
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
BB20000882
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,200
  • Total Rent: $5,200
  • Pro Forma/Market Rent: $5,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.77%
  • Gross Rent Multiplier: 15.51
  • Gross Scheduled Income: $112,800
  • Net Operating Income: $83,466
  • Gross Operating Income: $109,416
  • Vacancy Allowance: $3,384
Annual Expense Breakdown
  • Total Operating Expense: $25,950
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $20,550
  • Trash: $0
  • Insurance: $1,800
  • Maintenance: $500
  • Water/Sewer: $0

Property Details for 509 Belmont Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Inside, Washer Included
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level with Street, Level, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 2
  • Parcel Number: 5404013010
  • Year Built Source: Builder
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Belmont, south of Bellevue
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 509 Belmont Ave

Last leased for $5,000 on June 26th, 2022

  • June, 2022

  • Jun 26, 2022

    Date

    Leased

    CRMLS: 22161212

    $5,000

    Price

  • May 25, 2022

    Date

    Active

    CRMLS: 22161212

    $5,400

    Price

  • Listing provided courtesy of CRMLS

  • January, 2020

  • Jan 2, 2020

    Date

    Sold

    CRMLS: BB20000882

    $1,750,000

    Price

  • Jan 2, 2020

    Date

    Active

    CRMLS: BB20000882

    $1,750,000

    Price

  • January, 2020

  • Jan 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,750,000

    Price

  • March, 2019

  • Mar 26, 2019

    Date

    Canceled

    CRMLS: 19431940

    $4,400

    Price

  • Mar 14, 2019

    Date

    Price Change

    CRMLS: 19431940

    $4,400

    Price

  • Feb 27, 2019

    Date

    Price Change

    CRMLS: 19431940

    $4,500

    Price

  • Feb 8, 2019

    Date

    Active

    CRMLS: 19431940

    $4,600

    Price

  • Listing provided courtesy of CRMLS

    This brand new construction inspired by a classic Echo Park craftsman gives you the best of both worlds: vintage charm with all of the modern conveniences. The rear duplex unit is gated, giving you privacy from the street, and as this is a new designer construction, you will be the first person to live here! This pet friendly 3 bedroom, 3 bath features reclaimed hardwood throughout, washer/dryer, and custom bespoke interiors. The bedrooms all have ensuite bathrooms and there is a balcony with DTLA views. Steps from Echo Park Lake, Brite Spot, the Echo/Echoplex, El Prado and Masa- you can ditch your car and enjoy all that your new neighborhood has to offer.

  • February, 2019

  • Feb 7, 2019

    Date

    Canceled

    CRMLS: 18403222

    $4,600

    Price

  • Jan 30, 2019

    Date

    Price Change

    CRMLS: 18403222

    $4,600

    Price

  • Dec 13, 2018

    Date

    Price Change

    CRMLS: 18403222

    $4,800

    Price

  • Nov 25, 2018

    Date

    Active

    CRMLS: 18403222

    $5,200

    Price

  • Nov 24, 2018

    Date

    Hold

    CRMLS: 18403222

    $5,200

    Price

  • Nov 2, 2018

    Date

    Active

    CRMLS: 18403222

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    This is a stellar designer new construction duplex done to the 9s with Mother Earth in mind. West and South facing views and a stroll to Echo Park Lake via the Clinton Stairs just a block away. Step through the gate & find yourself in old Echo Park, circa 1914. This vintage/new construction Craftsman transports you back to a time when the Red Car & a stream ran down Echo Park Ave to the lake. Simpler times. Flash back to now. Pinch yourself--you're not dreaming. Step inside and all the things you want now are there through the front door. Wish list covered, an open plan kitchen beckons you. Reclaimed wood throughout. The top floor master suite has all the closet space that you could ever wish for and a terrace with west and south facing views. Lose your car & yourself in this dreamy urban oasis. Although it appears close to the freeway, the home has double paned windows and is on a quiet residential street. Welcome to Echo Park.

  • January, 2019

  • Jan 9, 2019

    Date

    Leased

    CRMLS: 18415406

    $5,200

    Price

  • Dec 28, 2018

    Date

    Pending

    CRMLS: 18415406

    $5,200

    Price

  • Dec 13, 2018

    Date

    Active

    CRMLS: 18415406

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    This is a stellar designer new construction duplex done to the 9s with Mother Earth in mind. Rooftop deck with views of DTLA and a stroll to Echo Park Lake via the Clinton Stairs just a block away. Step through the gate & find yourself in old Echo Park, circa 1914. This vintage/new construction Craftsman transports you back to a time when the Red Car & a stream ran down Echo Park Ave to the lake. Simpler times. Flash back to now. Pinch yourself--you're not dreaming. Step inside and all the things you want now are there through the front door. Wish list covered, an open plan kitchen beckons you. Reclaimed wood throughout. The top floor master suite has all the closet space that you could ever wish for and a roof top deck with Downtown city views. Two car garage. Although it appears close to the freeway, the home has double paned windows and is on a quiet residential street. Work. Play. Welcome to Echo Park.

  • December, 2018

  • Dec 13, 2018

    Date

    Canceled

    CRMLS: 18394770

    $1,800,000

    Price

  • Oct 9, 2018

    Date

    Active

    CRMLS: 18394770

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

    This is a stellar designer new construction duplex done to the 9s w/Mother Earth in mind. No current rent control and both units vacant. Views of DTLA and a stroll to Echo Park Lake via the Clinton Stairs just a block away. Step through the gate & find yourself in old Echo Park, circa 1914. This vintage/new construction Craftsman transports you back to a time when the Red Car & a stream ran down Echo Park Ave to the lake. Simpler times. Flash back to now. Pinch yourself--you're not dreaming. On the exterior you will find a bespoke duplex that respects the past while offering all the comforts you've come to expect. Step inside & all the things you want now are there through the front door. Wish list covered, an open plan kitchen beckons you. Reclaimed wood throughout. The top floor master suite has all the closet space that you could ever wish for and a terrace w/views of DTLA. Lose your car & yourself in this dreamy urban oasis w/amazing views. Live. Work. Play. Welcome to Echo Park.

  • June, 2015

  • Jun 3, 2015

    Date

    Sold (Public Records)

    Public Records

    $497,000

    Price

Show More

Tax History for 509 Belmont Ave

Assessed Value (2020): $1,004,661
Year Land Value Improved Value Assessed Value
2020 $546,171 $458,490 $1,004,661

Home Value Compared to the Market

This property vs the competition

509 Belmont Ave sold on January 2, 2020 for 56.25% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $448.72 per/sqft which puts the price per square foot 38.02% lower than the current median sale per square foot for the city of Los Angeles.

About 509 Belmont Ave

Detailed summary of property

509 Belmont Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 7 bedrooms, 7 bathrooms, roughly 3,900 living square feet, and sits on an approximately 5,358 square foot lot. 509 Belmont Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,750,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 56.25% higher than the current median priced home. Local homes that are currently for sale include 422 N Reno St, 833 N Vendome St and 802 N Dillon St. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 509 Belmont Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 509 Belmont Ave

Public county record property details
Beds
7
Baths
7
Year built
2018
Sq. Ft.
3,870
Lot Size
5,357
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
5404-013-010

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 509 Belmont Ave

Nearby Homes for Sale

1445 Calumet Ave, Los Angeles, CA 90026
$2,100,000
0 Beds
7 Baths
3144 Sq.Ft.
1445 Calumet Ave
Los Angeles, CA 90026
275 S Union Ave, Los Angeles, CA 90026
$1,790,000
13 Beds
5 Baths
3935 Sq.Ft.
275 S Union Ave
Los Angeles, CA 90026
1432 Fairbanks Pl, Los Angeles, CA 90026
$1,700,000
7 Beds
4 Baths
2852 Sq.Ft.
1432 Fairbanks Pl
Los Angeles, CA 90026
155 S Alvarado St, Los Angeles, CA 90057
$1,500,000
32 Beds
16 Baths
5440 Sq.Ft.
155 S Alvarado St
Los Angeles, CA 90057
1331 Sutherland St, Los Angeles, CA 90026
$1,750,000
10 Beds
8 Baths
5644 Sq.Ft.
1331 Sutherland St
Los Angeles, CA 90026
1427 Laveta, Los Angeles, CA 90026
$1,990,000
8 Beds
6 Baths
1 Sq.Ft.
1427 Laveta
Los Angeles, CA 90026
122 N Rampart Blvd, Los Angeles, CA 90026
$1,500,000
10 Beds
8 Baths
4446 Sq.Ft.
122 N Rampart Blvd
Los Angeles, CA 90026
2322 Berkeley Ave, Los Angeles, CA 90026
$1,650,000
7 Beds
3 Baths
2029 Sq.Ft.
2322 Berkeley Ave
Los Angeles, CA 90026
857 N La Fayette Park Pl, Los Angeles, CA 90026
$2,050,000
10 Beds
10 Baths
9789 Sq.Ft.
857 N La Fayette Park Pl
Los Angeles, CA 90026
247 S Carondelet St, Los Angeles, CA 90057
$1,790,000
2 Beds
2 Baths
1424 Sq.Ft.
247 S Carondelet St
Los Angeles, CA 90057
427 S Alvarado St, Los Angeles, CA 90057
$1,995,000
15 Beds
16 Baths
10976 Sq.Ft.
427 S Alvarado St
Los Angeles, CA 90057
1053 Figueroa Terrace, Los Angeles, CA 90012
$1,999,000
14 Beds
9 Baths
7658 Sq.Ft.
1053 Figueroa Terrace
Los Angeles, CA 90012

Recently Sold Homes Near 509 Belmont Ave

611 Belmont Ave, Los Angeles, CA 90026
$873,400 Last Sold Price
4 Beds
2 Baths
1484 Sq.Ft.
611 Belmont Ave
Los Angeles, CA 90026
1717 Bellevue Ave, Los Angeles, CA 90026
$750,000 Last Sold Price
2 Beds
2 Baths
1166 Sq.Ft.
1717 Bellevue Ave
Los Angeles, CA 90026
1727 Bellevue Ave, Los Angeles, CA 90026
$1,300,000 Last Sold Price
6 Beds
6 Baths
3343 Sq.Ft.
1727 Bellevue Ave
Los Angeles, CA 90026
627 Belmont Ave, Los Angeles, CA 90026
$1,900,000 Last Sold Price
7 Beds
6 Baths
4028 Sq.Ft.
627 Belmont Ave
Los Angeles, CA 90026

Related Resources to 509 Belmont Ave

New Listings in 90026
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote