513 S Arizona Ave, Los Angeles, CA 90022
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513 S Arizona Ave Los Angeles, CA 90022

$850,000 Sold Price as of 03/08/2023
  • 6 Beds
  • 3 Baths
  • 2,132 Sq.Ft.
Sold
$850,000 Sold Price as of 03/08/2023 Refinance Your Mortgage

Map preview of 513 S Arizona Ave, Los Angeles, CA 90022

Property Overview: 513 S Arizona Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,132 living square feet and 7,390 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ATTENTION ALL INVESTORS!!! LARGE FAMILIES/MULTIPLE FAMILIES!!!! BUYERS!!!! Real estate 101 Location Location Location!!! For the first time ever this beautiful triplex is going to market. Buyer’s this is opportunity knocking at your door. There is no other street like this one. Arizona Ave is an Awesome Street to live on. 4 Lanes with a Tree Lined Median in the Center. The street has always been well maintained, excellent lighting, good neighbors. It is also very quiet at night. Close to the 710, 60, and 5 Fwy’s, far enough away you can’t hear them. This location is less than a half mile, 3-4 minute drive or 10 minute walk to an Elementary, Middle and/or High schools. If you have kids in college no problem Approximately 1 Mile from ELAC and 2 miles from Cal State. It gets better, walking distance from Food/restaurants and Shops, The Gold Line, Comprehensive Medical Center, Beautiful Park with Lake, Public Library, City Hall, and Sheriff Station The Fire Station is less than 1 mile away. As you go into property a custom electric gate opens the complex for you. Plenty of parking with 2 Apartments both 2 BR/1BTH All new windows, New Cabinets/Refinished Cabinets, Hardwood Floors/Vinyl in both kitchens, one bathroom /Washer/Dryer Hook ups and A/C Wall Units in each apartment in the back. In the front you will find 2 BR/1 BTH Fixer Upper Home with a cellar/workshop area. This house needs some work. This location and property is truly a Great Location and so close to everything. There’s no trouble finding tenants. Approximately 5 miles from The Shops at Montebello and Montebello Town Square Approximately 7-8 Miles from Downtown Los Angeles, Staples Center Too many things to list!

Listed by VICTOR VELASQUEZ | BRE #01357677 | JOSHUA D. NAGGAR, BROKER
Last checked: 10 minutes ago | Last updated: March 8th, 2023 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,390
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
IV22191001
City
Los Angeles
County
Los Angeles
Time on Site
673 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
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: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $21,000
  • Net Operating Income: $18,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,500
  • Electric: $0
  • Gas/Fuel: $100
  • Trash: $240
  • Insurance: $1,200
  • Water/Sewer: $960

Property Details for 513 S Arizona Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Kitchen, Inside, Stackable
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5247020011
  • Year Built Source: Seller
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 710 and 60 freeways.
Neighborhood Information
  • Community Features: Biking, Park, Sidewalks
View more facts & features

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Sale History for 513 S Arizona Ave

Last sold for $850,000 on March 8th, 2023
  • March, 2023

  • Mar 8, 2023

    Date

    Sold

    CRMLS: IV22191001

    $850,000

    Price

  • Aug 30, 2022

    Date

    Active

    CRMLS: IV22191001

    $900,000

    Price

  • November, 2005

  • Nov 14, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 513 S Arizona Ave

Assessed Value (2020): $63,156
Year Land Value Improved Value Assessed Value
2020 $20,143 $43,013 $63,156

Home Value Compared to the Market

This property vs the competition

513 S Arizona Ave sold on March 8, 2023 for 29.36% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $422.14 per/sqft which puts the price per square foot 46.63% lower than the current median sale per square foot for the city of Los Angeles.

About 513 S Arizona Ave

Detailed summary of property

513 S Arizona Ave is a multi family that recently sold in Los Angeles, CA 90022. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,132 living square feet, and sits on an approximately 7,390 square foot lot. 513 S Arizona Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $850,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 29.36% lower than the current median priced home. Local homes that are currently for sale include 4552 Catalpa St, 2641 Pomeroy Ave and 631 S Evergreen Ave. While the average home in Los Angeles, CA is selling in 102 days, 513 S Arizona Ave has a days on market of 41 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 513 S Arizona Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 513 S Arizona Ave

Public county record property details
Beds
7
Baths
3
Year built
1932
Sq. Ft.
2,180
Lot Size
7,435
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5247-020-011

The source for these homes facts are from public records.

90022 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.
$629
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$581
Total Inventory
23
Median Sale to List Price %
92.16%
Avg Days on Market
36
Loan Type
Conventional (25%), FHA (50%), VA (0%), Cash (25%), 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.