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5231 Loleta Ave, Los Angeles, CA 90041
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5231 Loleta Ave Los Angeles, CA 90041

$1,589,000
  • 11 Beds
  • 6 Baths
  • 2,653 Sq.Ft.
For Sale
$1,589,000 Get Pre-Qualified
Map preview of 5231 Loleta Ave, Los Angeles, CA 90041

Property Overview: 5231 Loleta Ave Los Angeles, CA has 11 bedrooms, 6 bathrooms, 2,653 living square feet and 10,987 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Traditional meets contemporary in this exceptional investment and/or owner-user opportunity nestled in the sought-after "north of Colorado Boulevard" enclave of Eagle Rock. Situated on an expansive, newly landscaped, flat lot spanning nearly 11,000 sq. ft. are three distinct standalone units. The charming 2 bed / 1 bath front house features a decorative fireplace, hardwood floors, original built-ins, a laundry room, a welcoming front porch, and a sun-filled dining area with French doors. The detached 2-car garage sits at the end of a lengthy driveway, offering ample parking options. Tucked away towards the rear of the property are the two additional standalone units: a cozy 1-bedroom, 1-bathroom bungalow with hardwood flooring and laundry, and a new construction contemporary unit showcasing 2 bedrooms, 1 bathroom, sleek stainless steel Fisher and Paykel appliances, soaring 10 foot ceilings, new wood flooring throughout, and the added bonus of a private grassy area, perfect for relaxation or recreation.Steps away from award-winning Dahlia Heights Elementary and walking distance to the vibrant attractions lining Colorado Boulevard. This triplex presents an unparalleled opportunity for an owner-user or savvy real estate investor to realize your aspirations and own in Eagle Rock's most coveted neighborhood.

Listed by Brad Keyes | BRE #01857106 | Keyes Real Estate
Co-listed by Joshua Stein-Sapir | BRE #01979910 | Keyes Real Estate
Last checked: 16 minutes ago | Last updated: May 3rd, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
10,987
HOA Dues
$0/mo
Year built
2024
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24378633
City
Los Angeles
County
Los Angeles
Time on Site
28 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,365
  • Total Rent: $2,365
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: 11.5
  • Gross Scheduled Income: --
  • Net Operating Income: $128,156
  • Gross Operating Income: $125,756
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 5231 Loleta Ave

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Property Details for 5231 Loleta Ave

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Electric, Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5669011018
  • Year Built Source: Builder
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Loleta Avenue, north of Colorado Boulevard.
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Sale History for 5231 Loleta Ave

Last sold for $1,085,000 on July 28th, 2022

  • April, 2024

  • Apr 11, 2024

    Date

    Active

    CRMLS: 24378633

    $1,799,995

    Price

  • August, 2023

  • Aug 4, 2023

    Date

    Expired

    CRMLS: 23267073

    $1,599,995

    Price

  • May 4, 2023

    Date

    Active

    CRMLS: 23267073

    $1,599,995

    Price

  • Listing provided courtesy of CRMLS

    Final description: Incredible investment/development opportunity located in the highly coveted "north of Colorado Boulevard" neighborhood. This duplex sits on a huge flat lot, just under 11,000 sq. ft., and each unit has its own private yard featuring a variety of fruit trees. The charming 2 bed / 1 bath front unit features a decorative fireplace, hardwood flooring, built-ins, laundry room, a front porch, a dining room with French doors that lead to a private patio, and a detached 2-car garage down a long driveway. Sitting towards the back of the property is a 1 bed / 1 bath unit with hardwood floors and laundry. The expansive flat backyard provides endless potential for the new owner, and if that wasn't enough, this property comes with an already approved plan (with permits issued!) to add a 902 sq. ft. Accessory Dwelling Unit (ADU). Steps away from award-winning Dahlia Heights Elementary and walking distance to all the hot spots along Colorado Boulevard. This is the perfect opportunity for an owner-user or any savvy real estate investor.

  • July, 2022

  • Jul 28, 2022

    Date

    Sold

    CRMLS: 22168659

    $1,085,000

    Price

  • Jun 16, 2022

    Date

    Active

    CRMLS: 22168659

    $1,049,000

    Price

  • Listing provided courtesy of CRMLS

    Perfectly positioned north of Colorado on a tree lined street in one of the best pockets of Eagle Rock you will find this charming duplex on a 10,984 square foot lot waiting to be reimagined. Character abounds in the sun-filled front unit with a decorative fireplace, hardwood flooring, original details and built-ins galore. This unit features a 2 bed 1 and 1/2 bath, laundry room, dining room with French doors that lead out to private patio and a front porch. But wait a sec let's just talk about the BACKYARD... it's expansive, flat and the potential is endless. Each unit has private sizable yards with persimmon, lemon, & grapefruit trees & California native plants. Back unit is a 1 bed 1 bath, with laundry room and hardwood floors. Both units are tenant occupied with well below market rents. This is the perfect opportunity for an owner user or any savvy real estate investor.

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Tax History for 5231 Loleta Ave

Assessed Value (2020): $60,016
Year Land Value Improved Value Assessed Value
2020 $29,113 $30,903 $60,016

Home Value Compared to the Market

This property vs the competition

5231 Loleta Ave is listed 28.66% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $598.94 per/sqft which puts the price per square foot 22.62% lower than the median price per square foot for the city of Los Angeles.

About 5231 Loleta Ave

Detailed summary of property

5231 Loleta Ave is a multi family located in Los Angeles, CA 90041 and is currently for sale. This multi family property offers 11 bedrooms, 6 bathrooms, roughly 2,653 living square feet, and sits on an approximately 10,987 square foot lot. 5231 Loleta Ave was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $1,589,000 and was originally asking $1,799,995. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 28.66% higher than the median priced home. Local competing homes currently for sale include 4420 Verdugo Rd, 5745 Arroyo Dr and 1758 Lincoln Ave. While the average home in Los Angeles, CA is selling in 94 days, 5231 Loleta Ave has a days on market of 25 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5231 Loleta Ave Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5231 Loleta Ave

Public county record property details
Beds
3
Baths
2
Year built
1939
Sq. Ft.
1,751
Lot Size
10,983
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5669-011-018

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,448,000
Median List Price/Sq.Ft.
$734
Median Sold Price
$1,211,000
Median Sold Price/Sq.Ft.
$967
Total Inventory
37
Median Sale to List Price %
101.34%
Avg Days on Market
37
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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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