523 Glenrock Ave Los Angeles, CA 90024

$4,600,000 Sold Price as of 04/20/2018

12 Beds
11 Baths
7,862 Sq.Ft.

Off Market

$4,600,000 Sold Price as of 04/20/2018 Refinance Your Mortgage

Map preview of 523 Glenrock Ave, Los Angeles, CA 90024

Property Overview: 523 Glenrock Ave Los Angeles, CA has 12 bedrooms, 11 bathrooms, 7,862 living square feet and 8,131 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

523 Glenrock Ave 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 $1,209,000. 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 $241,800 for the down payment and will need roughly $24,180 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 523 Glenrock Ave

Last sold for $4,600,000 on April 20th, 2018

April, 2018
Apr 20, 2018

Date

Sold

CRMLS: 17297070

$4,600,000

Price
Jan 29, 2018

Date

Pending

CRMLS: 17297070

$4,895,000

Price
Dec 19, 2017

Date

Active

CRMLS: 17297070

$4,895,000

Price
Listing provided courtesy of CRMLS

A rare offering in Westwood's North Village, 523 Glenrock represents an incredible opportunity to own in one of LA's most in-demand rental markets. Consistent student tenant turnover and an extremely supply-constrained market combine to yield some of the highest rent/SF numbers found in the City. 523 Glenrock features fantastic in-place income with significant rental upside potential. With a low gross rent multiplier of 19.02, 523 Glenrock is not only a fantastic long-term hold, but a viable immediate cash flow option. Units are mostly original, meaning a focused renovation plan could produce materially higher income and a higher cap rate in relatively short order. The large 8,132 SF lot is zoned [Q]R4-1VL, which also provides a buyer the potential to develop or sell for land value in the future.

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April, 2018
Apr 20, 2018

Date

Sold (Public Records)

Public Records

$4,600,000

Price

Tax History for 523 Glenrock Ave

Assessed Value (2020): $4,786,340

Year	Land Value	Improved Value	Assessed Value
2020	$3,121,200	$1,665,140	$4,786,340

About 523 Glenrock Ave

Detailed summary of property

523 Glenrock Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90024 and last sold on April 20, 2018 for $4,600,000. This property has 12 bedrooms, 11 bathrooms, roughly 7,862 living square feet, and sits on an approximately 8,131 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 310.71% higher than the current median priced home. 523 Glenrock Ave was last sold on April 20, 2018 for $4,600,000. Local nearby listings include 141 N Bentley Ave, 284 Bronwood Ave and 969 Hilgard Ave #1006. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 523 Glenrock Ave Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 523 Glenrock Ave

Public county record property details

Beds: 12
Baths: 11
Year built: 1948
Sq. Ft.: 7,862
Lot Size: 8,131
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 4363-010-024

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,290,000

Median List Price/Sq.Ft.

$819

Median Sold Price

$1,245,000

Median Sold Price/Sq.Ft.

$697

Total Inventory

174

Median Sale to List Price %

96.14%

Avg Days on Market

Loan Type

Conventional (3.13%), FHA (0%), VA (0%), Cash (9.38%), Other (3.13%)

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