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5128 Cimarron St, Los Angeles, CA 90062
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5128 Cimarron St Los Angeles, CA 90062

$565,000 Sold Price as of 07/18/2019
  • 4 Beds
  • 2 Baths
  • 1,728 Sq.Ft.
Sold
$565,000 Sold Price as of 07/18/2019 Refinance Your Mortgage
Map preview of 5128 Cimarron St, Los Angeles, CA 90062

Property Overview: 5128 Cimarron St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,728 living square feet and 5,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this great opportunity to purchase a beautiful duplex in an attractive area of Los Angeles, known as Chesterfield Square. This income property features two large 2 bedroom 1 bath apartments containing almost 900 square feet each. Recent capital improvements include a new roof, updated cabinets and a repaved driveway. One unit was completely remodeled, it is vacant and ready for an owner occupant or first time investor. This is the perfect moment to escape the escalating rents in Los Angeles, become a property owner and begin building wealth. Both units contain Living Rooms, Formal Dining Rooms and good sized bedrooms. Don't let this chance pass you by! Please check remarks for showing instructions and stay tuned for interior photos. Please do not disturb the occupants. Make all offers subject to inspection and include proof of funds and DU approval.

Listed by Jerome McAlpin | BRE #00939725 | McAlpin & Company
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,200
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19469304
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.32%
  • Gross Rent Multiplier: 13.84
  • Gross Scheduled Income: --
  • Net Operating Income: $30,060
  • Gross Operating Income: $40,800
  • Improvements Total: $110,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $300
  • Insurance: $1,884
  • Water/Sewer: $1,500

Property Details for 5128 Cimarron St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5015020020
Location / Neighborhood
Location Information
  • Directions: Near Western Avenue and 54th Street
View more facts & features

Local Los Angeles Agent

Sale History for 5128 Cimarron St

Last sold for $565,000 on July 18th, 2019

  • July, 2019

  • Jul 31, 2019

    Date

    Sold

    CRMLS: 19469304

    $565,000

    Price

  • Jun 14, 2019

    Date

    Pending

    CRMLS: 19469304

    $565,000

    Price

  • Jun 7, 2019

    Date

    Active Under Contract

    CRMLS: 19469304

    $565,000

    Price

  • May 24, 2019

    Date

    Active

    CRMLS: 19469304

    $565,000

    Price

  • July, 2019

  • Jul 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

  • December, 2018

  • Dec 25, 2018

    Date

    Expired

    CRMLS: 18391106

    $520,000

    Price

  • Dec 11, 2018

    Date

    Withdrawn

    CRMLS: 18391106

    $520,000

    Price

  • Sep 30, 2018

    Date

    Active

    CRMLS: 18391106

    $520,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this great opportunity to purchase a duplex in a high demand rental area of Los Angeles, known as Chesterfield Square. This income property features two 2 bedroom 1 bath apartments containing almost 900sf each. Some of the recent upgrades include a new roof, updated cabinets, repaved driveway and newly painted kitchens. Perfect for the first time investor. Located near several job centers including the new Hollywood Park Stadium Development and minutes from Staples Center and L.A. Live. Both units have living rooms, formal dining rooms and nice size bedrooms. This will not last. Both units are occupied and will not be delivered vacant. Please make all offers subject to inspection and include proof of funds and pre-approval. Please do not disturb the tenants.

  • September, 2018

  • Sep 14, 2018

    Date

    Expired

    CRMLS: 18332726

    $535,000

    Price

  • Sep 12, 2018

    Date

    Withdrawn

    CRMLS: 18332726

    $535,000

    Price

  • Jun 17, 2018

    Date

    Price Change

    CRMLS: 18332726

    $535,000

    Price

  • Jun 16, 2018

    Date

    Active

    CRMLS: 18332726

    $539,000

    Price

  • Jun 14, 2018

    Date

    Expired

    CRMLS: 18332726

    $539,000

    Price

  • May 3, 2018

    Date

    Price Change

    CRMLS: 18332726

    $539,000

    Price

  • Apr 16, 2018

    Date

    Active

    CRMLS: 18332726

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    New Price Reduction! Please Don't Miss Out On This Well Maintained Charming Spanish Style 4+2 Duplex. Centrally located in Chesterfield Square area of Los Angeles. Both units are in good condition. Inside each unit you will find 2 Bedrooms and 1 Bathroom, New Roof, Bright Living Room is open to the Dining Room and updated cabinets, freshly painted kitchens. New Front Driveway For Convenient Off Street Parking. Easy Access to Metro Line. Centrally located to Downtown, USC, Shopping and Easy Access to Metro Line, LAX, Santa Monica, etc.

  • July, 2016

  • Jul 13, 2016

    Date

    Sold (Public Records)

    Public Records

    $367,000

    Price

Show More

Tax History for 5128 Cimarron St

Assessed Value (2020): $565,280
Year Land Value Improved Value Assessed Value
2020 $415,000 $150,280 $565,280

Home Value Compared to the Market

This property vs the competition

5128 Cimarron St sold on July 18, 2019 for 49.55% lower 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 $326.97 per/sqft which puts the price per square foot 54.84% lower than the current median sale per square foot for the city of Los Angeles.

About 5128 Cimarron St

Detailed summary of property

5128 Cimarron St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,728 living square feet, and sits on an approximately 5,200 square foot lot. 5128 Cimarron St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $565,000. 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 49.55% lower than the current median priced home. Local homes that are currently for sale include 940 W 76th St, 444 W Gage Ave and 440 W Gage Ave. While the average home in Los Angeles, CA is selling in 106 days, 5128 Cimarron St has a days on market of 15 days. 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 5128 Cimarron St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5128 Cimarron St

Public county record property details
Beds
4
Baths
2
Year built
1924
Sq. Ft.
1,728
Lot Size
5,200
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
314
APN
5015-020-020

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

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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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