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515 N Avenue 50 Los Angeles, CA 90042

$900,000 Sold Price as of 11/02/2021

2 Beds
2 Baths
1,388 Sq.Ft.

Sold

$900,000 Sold Price as of 11/02/2021 Refinance Your Mortgage

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Map preview of 515 N Avenue 50, Los Angeles, CA 90042

Property Overview: 515 N Avenue 50 Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,388 living square feet and 6,838 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Tremendous development opportunity in the heart of Highland Park! Located in Northeast LA just minutes away from the shops & eateries on York and Figueroa. The property features a VACANT 2BR-1BA unit and detached garage as well as a spacious studio unit that is tenant occupied with month-to-month occupancy. With LARD1.5 zoning, there is opportunity that permits more rental units to be added or a small lot subdivision. An amazing development opportunity or passive income for a savvy buyer. Property will be sold as-is, in it's present condition.

Listed by Lauren Reichenberg | BRE #01415570 | Compass

Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 6,838
HOA Dues: $0/mo
Year built: 1932
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21776798
City: Los Angeles
County: Los Angeles
Time on Site: 990 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
Total Rent: $0
Pro Forma/Market Rent: $2,950

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $738
Total Rent: $738
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 515 N Avenue 50

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 2
Parcel Number: 5469011003

Location / Neighborhood

Location Information

Directions: N. Figueroa St to N. Avenue 50

View more facts & features

Local Los Angeles Agent

Sale History for 515 N Avenue 50

Last sold for $900,000 on November 2nd, 2021

September, 2021
Sep 17, 2021

Date

Pending

CRMLS: 21776798

$699,000

Price
Sep 3, 2021

Date

Active

CRMLS: 21776798

$699,000

Price
May, 2018
May 29, 2018

Date

Sold

CRMLS: 315005454

$445,000

Price
Listing provided courtesy of CRMLS

A 2 unit duplex, diamond in the rough with tremendous potential located in the vibrant Northeast LA just minutes away from the lively shops & eateries on York and Figueroa. The property is conveniently located near the metro stations, short driving commute to Downtown LA, Pasadena, USC Medical Ctr, Dodger Stadium, LA Live and other conveniences. The property features a 2BR-1BA unit and a spacious studio unit. The 2BR unit will be provided vacant , the studio unit is tenant occupied on a month to month occupancy. The property is under rent control. The property also features a long driveway and detached garage that will accommodate multiple cars. Property will be sold as-is, in it's present condition. Agent has not verified statement of seller or others.

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October, 2017
Oct 31, 2017

Date

Sold (Public Records)

Public Records

--

Price
June, 2017
Jun 2, 2017

Date

Sold

CRMLS: P0-315005454

$445,000

Price
Listing provided courtesy of CRMLS

A 2 unit duplex, diamond in the rough with tremendous potential located in the vibrant Northeast LA just minutes away from the lively shops & eateries on York and Figueroa. The property is conveniently located near the metro stations, short driving commute to Downtown LA, Pasadena, USC Medical Ctr, Dodger Stadium, LA Live and other conveniences. The property features a 2BR-1BA unit and a spacious studio unit. The 2BR unit will be provided vacant , the studio unit is tenant occupied on a month to month occupancy. The property is under rent control. The property also features a long driveway and detached garage that will accommodate multiple cars. Property will be sold as-is, in it's present condition. Agent has not verified statement of seller or others.

Continue Reading
July, 2015
Jul 21, 2015

Date

Sold (Public Records)

Public Records

$445,000

Price

Tax History for 515 N Avenue 50

Assessed Value (2020): $481,679

Year	Land Value	Improved Value	Assessed Value
2020	$357,201	$124,478	$481,679

Home Value Compared to the Market

This property vs the competition

515 N Avenue 50 sold on November 2, 2021 for 41.26% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $503.6 per/sqft which puts the price per square foot 33.3% lower than the current median sale per square foot for the city of Los Angeles.

About 515 N Avenue 50

Detailed summary of property

515 N Avenue 50 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 1,388 living square feet, and sits on an approximately 6,838 square foot lot. 515 N Avenue 50 was first listed on ArdentRealEstateGroup.com on September 3, 2021. The homeowner sold the property for $900,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.26% lower than the current median priced home. Local homes that are currently for sale include 2314-2316 Elmgrove St, 2845 Estara and 2152 Duvall St. While the average home in Los Angeles, CA is selling in 93 days, 515 N Avenue 50 has a days on market of 13 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 515 N Avenue 50 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 515 N Avenue 50

Public county record property details

Beds: 2
Baths: 2
Year built: 1932
Sq. Ft.: 1,388
Lot Size: 6,837
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5469-011-003

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,089,000

Median List Price/Sq.Ft.

$751

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$858

Total Inventory

Median Sale to List Price %

125.16%

Avg Days on Market

Loan Type

Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), 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.