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5111 Ascot Ave, Los Angeles, CA 90011
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5111 Ascot Ave Los Angeles, CA 90011

$1,000,000
  • 5 Beds
  • 6 Baths
  • 2,745 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 5111 Ascot Ave, Los Angeles, CA 90011

Property Overview: 5111 Ascot Ave Los Angeles, CA has 5 bedrooms, 6 bathrooms, 2,745 living square feet and 7,503 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!), 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 6 minutes ago | Last updated: May 29th, 2024 | Source CRMLS | DOM: 40
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Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24394893
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,009
  • Total Rent: $1,009
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $922
  • Total Rent: $922
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,714
  • Total Rent: $1,714
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,068
  • Total Rent: $1,068
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.84%
  • Gross Rent Multiplier: 9.96
  • Gross Scheduled Income: --
  • Net Operating Income: $58,389
  • Gross Operating Income: $97,357
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 5111 Ascot Ave

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Property Details for 5111 Ascot Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 6
  • Parcel Number: 5104006017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 5111 Ascot Ave. Los Angeles, CA 90011
View more facts & features

Local Los Angeles Agent

Sale History for 5111 Ascot Ave

Last sold for $700,000 on April 17th, 2018

  • May, 2024

  • May 21, 2024

    Date

    Active

    CRMLS: 24394893

    $1,000,000

    Price

  • July, 2019

  • Jul 3, 2019

    Date

    Expired

    CRMLS: SB19015549

    $899,000

    Price

  • May 20, 2019

    Date

    Active

    CRMLS: SB19015549

    $899,000

    Price

  • Mar 28, 2019

    Date

    Active Under Contract

    CRMLS: SB19015549

    $899,000

    Price

  • Mar 4, 2019

    Date

    Active

    CRMLS: SB19015549

    $899,000

    Price

  • Feb 21, 2019

    Date

    Active Under Contract

    CRMLS: SB19015549

    $899,000

    Price

  • Jan 22, 2019

    Date

    Active

    CRMLS: SB19015549

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    SELLER VERY MOTIVATED. BRING YOUR OFFERS! Unique investment opportunity in the Windsor Hills-View Park Community! With 9 bedrooms, 4 bathrooms, 3,849 square feet and a lot size of 7,000 square feet, this Two Story Spanish Style Single Family Residence is a gem! It offers hardwood flooring, a custom designed fireplace, a long driveway with ample space for parking along it and in the rear of the home, a detached garage, a deep hallway area downstairs, a basement area for additional storage, spacious kitchen with wooden cabinets and again 9 sizable rooms in total! This rare home in the neighborhood can be used as income property. Possibilities are nearly endless. Bring your imagination too. Also, envision the potential upside (increase appraisal value) this home can also produce with present-day renovations.

  • April, 2018

  • Apr 22, 2018

    Date

    Sold

    CRMLS: DW17267394

    $700,000

    Price

  • Mar 31, 2018

    Date

    Pending

    CRMLS: DW17267394

    $750,000

    Price

  • Mar 2, 2018

    Date

    Active Under Contract

    CRMLS: DW17267394

    $750,000

    Price

  • Feb 20, 2018

    Date

    Active

    CRMLS: DW17267394

    $750,000

    Price

  • Jan 26, 2018

    Date

    Hold

    CRMLS: DW17267394

    $750,000

    Price

  • Jan 20, 2018

    Date

    Price Change

    CRMLS: DW17267394

    $750,000

    Price

  • Jan 20, 2018

    Date

    Active

    CRMLS: DW17267394

    $699,900

    Price

  • Jan 16, 2018

    Date

    Hold

    CRMLS: DW17267394

    $699,900

    Price

  • Jan 16, 2018

    Date

    Active

    CRMLS: DW17267394

    $699,900

    Price

  • Dec 25, 2017

    Date

    Hold

    CRMLS: DW17267394

    $699,900

    Price

  • Dec 25, 2017

    Date

    Active

    CRMLS: DW17267394

    $699,900

    Price

  • Dec 25, 2017

    Date

    Hold

    CRMLS: DW17267394

    $699,900

    Price

  • Dec 1, 2017

    Date

    Active

    CRMLS: DW17267394

    $699,900

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT PROPERTY WITH 5 UNITS.

  • April, 2018

  • Apr 16, 2018

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

  • December, 2017

  • Dec 1, 2017

    Date

    Expired

    CRMLS: DW17245995

    $699,900

    Price

  • Nov 21, 2017

    Date

    Price Change

    CRMLS: DW17245995

    $699,900

    Price

  • Nov 21, 2017

    Date

    Price Change

    CRMLS: DW17245995

    $699,000

    Price

  • Oct 28, 2017

    Date

    Active

    CRMLS: DW17245995

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT PROPERTY WITH 5 UNITS. THE FIRST UNIT HAS 2 BEDROOMS AND 1 BATHROOM. AND 4 UNITS HAS 1 BEDROOM AND 1 BATH. YOU CAN RECEIVE EXTRA CASH EVERY MONTH WITH THIS UNITS. ITS A MUST SEE!!!!!

  • November, 2003

  • Nov 5, 2003

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

Show More

Tax History for 5111 Ascot Ave

Assessed Value (2020): $728,280
Year Land Value Improved Value Assessed Value
2020 $416,160 $312,120 $728,280

Home Value Compared to the Market

This property vs the competition

5111 Ascot Ave is listed 19.09% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $364.3 per/sqft which puts the price per square foot 52.99% lower than the median price per square foot for the city of Los Angeles.

About 5111 Ascot Ave

Detailed summary of property

5111 Ascot Ave is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 5 bedrooms, 6 bathrooms, roughly 2,745 living square feet, and sits on an approximately 7,503 square foot lot. 5111 Ascot Ave was first listed on ArdentRealEstateGroup.com on May 22, 2024. The homeowner is currently asking $1,000,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.09% lower than the median priced home. Local competing homes currently for sale include 1159 E 64th St, 1623 E 33rd St and 1537 E 33rd St. While the average home in Los Angeles, CA is selling in 99 days, 5111 Ascot Ave has a days on market of 40 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 5111 Ascot 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 5111 Ascot Ave

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
2,493
Lot Size
7,501
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5104-006-017

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
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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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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