5218 Latham St Los Angeles, CA 90011

$1,215,000 Sold Price as of 09/30/2020

16 Beds
8 Baths
4,800 Sq.Ft.

Off Market

$1,215,000 Sold Price as of 09/30/2020 Refinance Your Mortgage

Map preview of 5218 Latham St, Los Angeles, CA 90011

Property Overview: 5218 Latham St Los Angeles, CA has 16 bedrooms, 8 bathrooms, 4,800 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5218 Latham St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5218 Latham St

Last sold for $1,215,000 on September 30th, 2020

April, 2021
Apr 15, 2021

Date

Expired

CRMLS: 21678944

$1,875,000

Price
Mar 5, 2021

Date

Withdrawn

CRMLS: 21678944

$1,875,000

Price
Jan 11, 2021

Date

Active

CRMLS: 21678944

$1,875,000

Price
Listing provided courtesy of CRMLS

5218 Latham Street, an eight-unit investment opportunity in the Central Alameda neighborhood of Los Angeles. This is a centrally located property in South Los Angeles with close proximity and transportation options to commute to Downtown Los Angeles and neighboring cities of Huntington Park and Vernon. The subject property offers an investor the rare opportunity to purchase a 100% vacant building, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of eight two-bedroom one-bathroom units with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 6.65%-7.58% CAP rate. There are eight total parking spaces with no seismic retrofit work required. Gas and electricity are separately metered and trash removal is handled by the city with no expense to the ownership...

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January, 2021
Jan 28, 2021

Date

Expired

CRMLS: 20548096

$1,290,000

Price
Jan 5, 2021

Date

Withdrawn

CRMLS: 20548096

$1,290,000

Price
Aug 24, 2020

Date

Price Change

CRMLS: 20548096

$1,290,000

Price
Aug 3, 2020

Date

Price Change

CRMLS: 20548096

$1,299,000

Price
Jul 1, 2020

Date

Price Change

CRMLS: 20548096

$1,500,000

Price
Mar 17, 2020

Date

Price Change

CRMLS: 20548096

$1,574,999

Price
Feb 26, 2020

Date

Price Change

CRMLS: 20548096

$1,575,000

Price
Feb 13, 2020

Date

Active

CRMLS: 20548096

$1,600,000

Price
Feb 7, 2020

Date

Active Under Contract

CRMLS: 20548096

$1,600,000

Price
Jan 28, 2020

Date

Active

CRMLS: 20548096

$1,600,000

Price
Listing provided courtesy of CRMLS

Price to Sell! Price Reduction! Pleased to present an 8-unit multifamily building with a great unit mix of all 2 bedrooms and 1 bathrooms in Southeast Los Angeles. Built in 1959, the property consists of approximately 4,800 SF and is situated on a 7,500 SF lot. The property is 100% occupied. This offering presents an excellent opportunity to add value and capture annual gross income in excess of 76% rental upside. OM available upon request.

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September, 2020
Sep 30, 2020

Date

Sold (Public Records)

Public Records

$1,215,000

Price
March, 2017
Mar 31, 2017

Date

Sold (Public Records)

Public Records

$1,000,000

Price

Tax History for 5218 Latham St

Assessed Value (2020): $1,135,491

Year	Land Value	Improved Value	Assessed Value
2020	$636,724	$498,767	$1,135,491

About 5218 Latham St

Detailed summary of property

5218 Latham St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90011 and last sold on September 30, 2020 for $1,215,000. This property has 16 bedrooms, 8 bathrooms, roughly 4,800 living square feet, and sits on an approximately 7,500 square foot lot. Homes 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 8.48% higher than the current median priced home. 5218 Latham St was last sold on September 30, 2020 for $1,215,000. Local nearby listings include 1629 E 41st Pl, 6524 S Central Ave and 6524 S Central Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 5218 Latham St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5218 Latham St

Public county record property details

Beds: 16
Baths: 8
Year built: 1959
Sq. Ft.: 4,800
Lot Size: 7,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 21
APN: 5104-006-026

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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