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531 Brittania St, Los Angeles, CA 90033
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531 Brittania St Los Angeles, CA 90033

$1,050,000
  • 8 Beds
  • 6 Baths
  • 3,666 Sq.Ft.
For Sale
$1,050,000 Get Pre-Qualified
Map preview of 531 Brittania St, Los Angeles, CA 90033

Property Overview: 531 Brittania St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,666 living square feet and 8,189 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: 531 Brittania St is a six unit apartment complex located in Boyle Heights. Property consists of three separate buildings. One building consists of (5) 1 Bed /1 Bath Units + (1), Second building consists of 3 Bed + 1 Bath and the Third building has 6 single car garages totaling 3,666 sq ft on a 8,189 sq ft lot zoned LAR3. With current rents, 15.01 GRM & 4% CAP. Market GRM 7.11 | Current CAP 11.27%. There is over 116% of market upside! All tenants are up to date and month to month. Gas shut off valves have already been installed. Upcoming area in the city of Boyle Heights!

Listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Molly First | BRE #02065583 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 15 minutes ago | Last updated: September 6th, 2024 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
8,189
HOA Dues
$0/mo
Year built
1919
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
SB24139109
City
Los Angeles
County
Los Angeles
Time on Site
70 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $848
  • Total Rent: $848
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $848
  • Total Rent: $848
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $818
  • Total Rent: $818
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $764
  • Total Rent: $764
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $901
  • Total Rent: $901
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 11.27%
  • Gross Rent Multiplier: 7.11
  • Gross Scheduled Income: $71,748
  • Net Operating Income: $43,453
  • Gross Operating Income: $69,596
Annual Expense Breakdown
  • Total Operating Expense: $26,143
  • Electric: $3,387
  • New Taxes: $13,750
  • Trash: $0
  • Gardener: $1,440
  • Insurance: $3,666
  • Maintenance: $3,900
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 531 Brittania St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5175033021
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North E Cesar E Chavez Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 531 Brittania St

Last sold for $710,000 on August 10th, 2007

  • July, 2024

  • Jul 10, 2024

    Date

    Active

    CRMLS: SB24139109

    $1,100,000

    Price

  • August, 2007

  • Aug 10, 2007

    Date

    Sold (Public Records)

    Public Records

    $710,000

    Price

  • June, 1999

  • Jun 7, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 531 Brittania St

Assessed Value (2020): $852,730
Year Land Value Improved Value Assessed Value
2020 $552,475 $300,255 $852,730

Home Value Compared to the Market

This property vs the competition

531 Brittania St is listed 12.5% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $286.42 per/sqft which puts the price per square foot 62.71% lower than the median price per square foot for the city of Los Angeles.

About 531 Brittania St

Detailed summary of property

531 Brittania St is a apartment located in Los Angeles, CA 90033 and is currently for sale. This apartment offers 8 bedrooms, 6 bathrooms, roughly 3,666 living square feet, and sits on an approximately 8,189 square foot lot. 531 Brittania St was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner is currently asking $1,050,000 and was originally asking $1,100,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.5% lower than the median priced home. Local competing homes currently for sale include 127 N Savannah St, 2819 E 3rd St and 127 S Evergreen Ave. While the average home in Los Angeles, CA is selling in 106 days, 531 Brittania St has a days on market of 70 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 531 Brittania St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 531 Brittania St

Public county record property details
Beds
8
Baths
6
Year built
1919
Sq. Ft.
3,666
Lot Size
8,186
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
5175-033-021

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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