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521 N Avenue 50, Los Angeles, CA 90042
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521 N Avenue 50 Los Angeles, CA 90042

$1,300,000 Sold Price as of 06/03/2021
  • 7 Beds
  • 5 Baths
  • 2,724 Sq.Ft.
Sold
$1,300,000 Sold Price as of 06/03/2021 Refinance Your Mortgage
Map preview of 521 N Avenue 50, Los Angeles, CA 90042

Property Overview: 521 N Avenue 50 Los Angeles, CA has 7 bedrooms, 5 bathrooms, 2,724 living square feet and 6,839 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Turnkey move-in-ready investment opportunity in Highland Park! Come see this contemporary and remodeled 3 unit multifamily property, just down the street from the highly desirable York Blvd area with hip restaurants, trendy coffee shops, and much more. The main house features two modern units (one on the first floor and one on the second floor) with wood laminate floors, beautiful beamed ceilings on the first floor, chef’s kitchens, spacious living areas, and great sized bedrooms. The third unit is a detached 2 bed/1 bath with a beautiful kitchen with mosaic tile backsplash, stone counters, and an updated bathroom. Perfect to live in one and rent out the other two or rent out all three for a steady stream on passive income. All units are separately metered, have laundry hooks and there is a newly stamped parking area with plenty of space for residents. With the potential to add more units (buyer to verify) and less than a mile from the Highland Park Gold Line for easy access anywhere, you won’t want to miss this one!

Listed by Eric Delgado | BRE #01831579 | Keller Williams Encino-Sherman Oaks
Last checked: 51 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,839
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
SR21090722
City
Los Angeles
County
Los Angeles
Time on Site
1104 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
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: $99,000
  • Net Operating Income: $94,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,500
  • New Taxes: $0
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $3,000

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 521 N Avenue 50

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, See Remarks
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Stackable, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Granite Counters, Recessed Lighting
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5469011002
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: N. Avenue 50 & Lynn St.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 521 N Avenue 50

Last leased for $3,200 on July 15th, 2021

  • September, 2021

  • Sep 14, 2021

    Date

    Leased

    CRMLS: IG21124679

    $3,200

    Price

  • Jun 14, 2021

    Date

    Active

    CRMLS: IG21124679

    $3,400

    Price

  • Listing provided courtesy of CRMLS

    Beautiful remodeled unit in a quiet neighborhood

  • June, 2021

  • Jun 4, 2021

    Date

    Sold

    CRMLS: SR21090722

    $1,300,000

    Price

  • May 7, 2021

    Date

    Pending

    CRMLS: SR21090722

    $1,275,000

    Price

  • Apr 29, 2021

    Date

    Active

    CRMLS: SR21090722

    $1,275,000

    Price

  • April, 2021

  • Apr 29, 2021

    Date

    Expired

    CRMLS: SR21027363

    $1,275,000

    Price

  • Apr 29, 2021

    Date

    Active

    CRMLS: SR21027363

    $1,275,000

    Price

  • Mar 22, 2021

    Date

    Active Under Contract

    CRMLS: SR21027363

    $1,275,000

    Price

  • Feb 10, 2021

    Date

    Active

    CRMLS: SR21027363

    $1,275,000

    Price

  • Listing provided courtesy of CRMLS

    **Subject to cancellation of previous escrow** Turnkey move-in-ready investment opportunity in Highland Park! Come see this contemporary and remodeled 3 unit multifamily property, just down the street from the highly desirable York Blvd area with hip restaurants, trendy coffee shops, and much more. The main house features two modern units (one on the first floor and one on the second floor) with wood laminate floors, beautiful beamed ceilings on the first floor, chef’s kitchens, spacious living areas, and great sized bedrooms. The third unit is a detached 2 bed/1 bath with a beautiful kitchen with mosaic tile backsplash, stone counters, and an updated bathroom. Perfect to live in one and rent out the other two or rent out all three for a steady stream on passive income. All units are separately metered, have laundry hooks and there is a newly stamped parking area with plenty of space for residents. With the potential to add more units (buyer to verify) and less than a mile from the Highland Park Gold Line for easy access anywhere, you won’t want to miss this one!

  • February, 2021

  • Feb 9, 2021

    Date

    Canceled

    CRMLS: SR21009168

    $1,325,000

    Price

  • Jan 15, 2021

    Date

    Active

    CRMLS: SR21009168

    $1,325,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2020

  • Dec 22, 2020

    Date

    Expired

    CRMLS: DW20239597

    $1,339,000

    Price

  • Nov 14, 2020

    Date

    Active

    CRMLS: DW20239597

    $1,339,000

    Price

  • Listing provided courtesy of CRMLS

    Three Units!! 7% cap rate. LARGE SPACIOUS with a total bedroom count of 7 bedrooms and 5 baths. Completely vacant in one of the best neighborhoods on the East-side, Highland Park, less than a mile from the Highland Park Gold Line. This READY FOR MOVE IN triplex has a combined square footage of 2,724: including 1) main residence 3 bedroom 2 bath 2) upstairs 2 bedroom 2 bath with tree-top views, and 3) a DETACHED 2 bedroom, 1 bath in the rear. Main residence - 3 bed/2 bath boasts beamed ceilings in living room, and a grand kitchen with center island, new roof, insulation and stucco. 2 bedroom 2 bath comes with a built out attic for extra storage space or office, all appliances and an open lay out. Back detached 2 bedroom unit also comes with beautiful stone countertops and appliances. Live in one and rent out 2 of the units, or rent out all three, and rake in that passive income!! Development opportunity of 2 additional ADU’s, with a total of 5 units is possible - check City of LA for details. Plenty of parking on newly stamped concrete, with a 6,839 sq ft lot, easily park a trailer or multiple cars. Washer and Dryer hook-ups for each unit, and electricity and gas separately metered. A must see. Click on 3D virtual tour for complete layout. First link: main house & detached rear. 2nd link: upstairs 2 bedroom, https://my.matterport.com/show/?brand=0&m=NPNKFvjqbou&title=0 https://my.matterport.com/show/?brand=0&m=v4FHUYPR6FU&title=0

  • November, 2020

  • Nov 12, 2020

    Date

    Canceled

    CRMLS: DW20168943

    $1,400,000

    Price

  • Sep 19, 2020

    Date

    Price Change

    CRMLS: DW20168943

    $1,400,000

    Price

  • Aug 31, 2020

    Date

    Price Change

    CRMLS: DW20168943

    $1,450,000

    Price

  • Aug 20, 2020

    Date

    Active

    CRMLS: DW20168943

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    Why own one home when you can have THREE for the same price in the same area? Check out this 3-unit, rental/investment property in one of the best neighborhoods on the East-side, Highland Park, less than a mile from the Highland Park Gold Line. This turn-key TRIPLEX boasts 3 large units with a combined square footage of 2,724: including a large 3 bedroom 2 bath home in the front,, a cute upstairs 2 bedroom 2 bath with tree-top views,, and a detached 2 bedroom, 1 bath in the rear. 2 bedroom 2 bath comes with a built out attic. Live in one and rent out 2 of the units, or rent out all three, and rake in that passive income!! Development opportunity of 2 additional ADU’s, with a total of 5 units is possible - check City of LA for details. Plenty of parking on newly stamped concrete, with a 6,839 sq ft lot, easily park a trailer or multiple cars. Main house has a brand new roof, new insulation and new stucco. Washer and Dryer hook-ups for each unit, and electricity and gas separately metered. Each unit boasts beautiful stone countertops and appliances. A must see. Click on 3D virtual tour for complete layout. First link: main house & detached rear. 2nd link: upstairs 2 bedroom, https://my.matterport.com/show/?brand=0&m=NPNKFvjqbou&title=0 https://my.matterport.com/show/?brand=0&m=v4FHUYPR6FU&title=0

  • January, 2015

  • Jan 7, 2015

    Date

    Sold (Public Records)

    Public Records

    $470,000

    Price

  • October, 2014

  • Oct 9, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 521 N Avenue 50

Assessed Value (2020): $516,497
Year Land Value Improved Value Assessed Value
2020 $309,899 $206,598 $516,497

Home Value Compared to the Market

This property vs the competition

521 N Avenue 50 sold on June 3, 2021 for 7.14% higher 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 $468.06 per/sqft which puts the price per square foot 38.01% lower than the current median sale per square foot for the city of Los Angeles.

About 521 N Avenue 50

Detailed summary of property

521 N Avenue 50 is a triplex that recently sold in Los Angeles, CA 90042. This triplex offered 7 bedrooms, 5 bathrooms, roughly 2,724 living square feet, and sits on an approximately 6,839 square foot lot. 521 N Avenue 50 was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,300,000. 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 7.14% higher than the current median priced home. Local homes that are currently for sale include 3900 Berenice Pl, 3441 Maceo St and 3441 Maceo St. While the average home in Los Angeles, CA is selling in 93 days, 521 N Avenue 50 has a days on market of 7 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 521 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 521 N Avenue 50

Public county record property details
Beds
3
Baths
3
Year built
1923
Sq. Ft.
2,724
Lot Size
6,838
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5469-011-002

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
97
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 521 N Avenue 50

515 N Avenue 50, Los Angeles, CA 90042
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412 N Avenue 50, Los Angeles, CA 90042
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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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