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5256 Loleta Ave, Los Angeles, CA 90041
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5256 Loleta Ave Los Angeles, CA 90041

$1,550,000 Sold Price as of 01/17/2023
  • 5 Beds
  • 4 Baths
  • 2,727 Sq.Ft.
Sold
$1,550,000 Sold Price as of 01/17/2023 Refinance Your Mortgage
Map preview of 5256 Loleta Ave, Los Angeles, CA 90041

Property Overview: 5256 Loleta Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,727 living square feet and 7,970 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Phenomenal investment/development opportunity to acquire a generational asset in the highly sought-after north of Colorado Boulevard area of Eagle Rock. This triplex sits on an R1 lot just under 8,000 sq. ft. and features three separate detached units. The first unit is a 3 bed, 2 bath detached house featuring a sun-filled open floor plan, perfect for a family looking for a single family home while still receiving the benefit of rental income. Sitting toward the back of the property and separated by a beautiful backyard and courtyard are the two detached 1 bed/1 bath bungalows. Each unit is separately metered and has its own washer & dryer. But that's not all! Because this property is located on an R1 lot, this property has the potential for additional development by converting the detached garage located at the end of the gated driveway into an ADU and adding a Junior ADU to the main house - a perfect play for an owner/user. Located in the award-winning Dahlia Heights Elementary School District and walking distance to all the hot spots along Colorado Boulevard including Found Coffee, Little Beast, Malbec Market, Cacao, Trader Joe's, and Colorado Donuts. Don't miss this unique opportunity to generate income while living in one of the most desirable locales in Eagle Rock.

Listed by Brad Keyes | BRE #01857106 | Keyes Real Estate
Co-listed by Joshua Stein-Sapir | BRE #01979910 | Keyes Real Estate
Last checked: 3 minutes ago | Last updated: January 17th, 2023 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
7,970
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22220997
City
Los Angeles
County
Los Angeles
Time on Site
535 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,008
  • Total Rent: $1,008
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.4%
  • Gross Rent Multiplier: 10.85
  • Gross Scheduled Income: --
  • Net Operating Income: $90,300
  • Gross Operating Income: $129,000
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 5256 Loleta Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Concrete, Driveway, Garage - Single Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5691001020
  • Year Built Source: Assessor
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Loleta North of Colorado
View more facts & features

Local Los Angeles Agent

Sale History for 5256 Loleta Ave

Last sold for $1,550,000 on January 17th, 2023

  • January, 2023

  • Jan 17, 2023

    Date

    Canceled

    CRMLS: 22222005

    $1,399,995

    Price

  • Dec 1, 2022

    Date

    Active

    CRMLS: 22222005

    $1,399,995

    Price

  • Listing provided courtesy of CRMLS

  • January, 2023

  • Jan 17, 2023

    Date

    Sold

    CRMLS: 22220997

    $1,550,000

    Price

  • Dec 1, 2022

    Date

    Active

    CRMLS: 22220997

    $1,399,995

    Price

  • November, 2000

  • Nov 3, 2000

    Date

    Sold (Public Records)

    Public Records

    $349,000

    Price

Show More

Tax History for 5256 Loleta Ave

Assessed Value (2020): $480,842
Year Land Value Improved Value Assessed Value
2020 $275,557 $205,285 $480,842

Home Value Compared to the Market

This property vs the competition

5256 Loleta Ave sold on January 17, 2023 for 17.65% 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 $513.38 per/sqft which puts the price per square foot 32% lower than the current median sale per square foot for the city of Los Angeles.

About 5256 Loleta Ave

Detailed summary of property

5256 Loleta Ave is a multi family that recently sold in Los Angeles, CA 90041. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,727 living square feet, and sits on an approximately 7,970 square foot lot. 5256 Loleta Ave was first listed on ArdentRealEstateGroup.com on December 1, 2022. The homeowner sold the property for $1,550,000. 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 17.65% higher than the current median priced home. Local homes that are currently for sale include 4420 Verdugo Rd, 508 Chestnut Ave and 5745 Arroyo Dr. While the average home in Los Angeles, CA is selling in 92 days, 5256 Loleta Ave has a days on market of 13 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5256 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 5256 Loleta Ave

Public county record property details
Beds
4
Baths
4
Year built
1940
Sq. Ft.
2,513
Lot Size
7,970
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
5691-001-020

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.
$754
Median Sold Price
$1,211,000
Median Sold Price/Sq.Ft.
$967
Total Inventory
36
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%)

Thinking of Selling?

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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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