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5138 S Main St Los Angeles, CA 90037

$753,200 Sold Price as of 03/29/2019

8 Beds
4 Baths
4,104 Sq.Ft.

Sold

$753,200 Sold Price as of 03/29/2019 Refinance Your Mortgage

Map preview of 5138 S Main St, Los Angeles, CA 90037

Property Overview: 5138 S Main St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,104 living square feet and 6,350 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 49% Potential Rental Upside. Classic 4-Unit Craftsmen Style Building consists of 2 (2+1) & 2 (2+1 w/Den) units. The two units which have a Den may be able to achieve higher rents if the Dens are used as an extra bedroom. All units units plumbed for W/D, 2 have hookups already. MKT GRM 8.55, MKT Cap 8.43%, Cash on Cash (i/o) 5.1%, MKT Cash on Cash (i/o) 15.6%. T.O.C. Tier 1. One Section 8 tenant. LA State Enterprise zone.Do not disturb tenants.

Listed by Kelly Morgan | BRE #01898026 | Keller Williams-Santa Monica

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 111

Home details

Lot Sq. Ft: 6,350
HOA Dues: $0/mo
Year built: 1914
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 18413694
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,421
Total Rent: $1,421
Pro Forma/Market Rent: $1,795

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,040
Total Rent: $1,040
Pro Forma/Market Rent: $2,095

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,325
Total Rent: $1,325
Pro Forma/Market Rent: $2,095

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,436
Total Rent: $1,436
Pro Forma/Market Rent: $1,795

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.7%
Gross Rent Multiplier: 12.73
Gross Scheduled Income: --
Net Operating Income: $37,515
Gross Operating Income: $62,664
Improvements Total: $354,300

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 5138 S Main St

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

No Laundry
None

Kitchen Information

No Appliances
None

Lot Details / Garage and Parking

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 5109005002

Location / Neighborhood

Location Information

Directions: just East of the 110 FWY, North of E. 52nd St, South of E. 51st St on the Eastern side of the street

View more facts & features

Local Los Angeles Agent

Sale History for 5138 S Main St

Last sold on March 29th, 2019

March, 2019
Mar 30, 2019

Date

Sold

CRMLS: 18413694

$753,200

Price
Feb 6, 2019

Date

Active

CRMLS: 18413694

$798,000

Price
Feb 5, 2019

Date

Active Under Contract

CRMLS: 18413694

$798,000

Price
Dec 6, 2018

Date

Active

CRMLS: 18413694

$798,000

Price
March, 2019
Mar 29, 2019

Date

Sold (Public Records)

Public Records

--

Price
March, 2019
Mar 29, 2019

Date

Sold (Public Records)

Public Records

$753,500

Price

Tax History for 5138 S Main St

Assessed Value (2020): $768,570

Year	Land Value	Improved Value	Assessed Value
2020	$459,000	$309,570	$768,570

Home Value Compared to the Market

This property vs the competition

5138 S Main St sold on March 29, 2019 for 28.75% 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 $194.44 per/sqft which puts the price per square foot 73.14% lower than the current median sale per square foot for the city of Los Angeles.

About 5138 S Main St

Detailed summary of property

5138 S Main St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,104 living square feet, and sits on an approximately 6,350 square foot lot. 5138 S Main St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $753,200. 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 28.75% lower than the current median priced home. Local homes that are currently for sale include 6002 Wall St, 766 E 52nd St and 907 E 50th St. While the average home in Los Angeles, CA is selling in 106 days, 5138 S Main St has a days on market of 111 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 5138 S Main St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5138 S Main St

Public county record property details

Beds: 8
Baths: 4
Year built: 1914
Sq. Ft.: 4,104
Lot Size: 6,349
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 5109-005-002

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$688,000

Median List Price/Sq.Ft.

$546

Median Sold Price

$626,228

Median Sold Price/Sq.Ft.

$437

Total Inventory

Median Sale to List Price %

125.5%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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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.