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532 S St Louis St, Los Angeles, CA 90033
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532 S St Louis St Los Angeles, CA 90033

$1,600,000 Sold Price as of 04/25/2024
  • 12 Beds
  • 6 Baths
  • 4,542 Sq.Ft.
Sold
$1,600,000 Sold Price as of 04/25/2024 Refinance Your Mortgage
Map preview of 532 S St Louis St, Los Angeles, CA 90033

Property Overview: 532 S St Louis St Los Angeles, CA has 12 bedrooms, 6 bathrooms, 4,542 living square feet and 7,371 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property in the historic Boyle Heights community of Los Angeles represents an exceptional investment opportunity as an approximate 6.5 Cap and a 10.17 GRM. With one unit vacant now and another unit set to be vacant in the next 30 days, the subject property is a six unit property (two 1 bed 1ba, two 2 bed 1 ba and two 3 bed and 1 ba) that has been tastefully and thoroughly upgraded both interior and exterior. The subject property is conveniently located directly across the street from Hollenbeck Park, within eyeshot of DTLA and very near public transportation, including a metro and bus station, as well as police and fire department stations. The property is also in immediate proximity to five major freeways (5,10,60,101,710) and is close to shops, restaurants, schools, White Memorial Hospital and USC Medical Center. There are garages with alley access in the rear of the property and there is likely room to build ADU"s and/or replace or build ADU's on top of the garages. This property is very appealing to renters in a community where 75% of the residents rent their homes. The Boyle Heights neighborhood continues to grow in appeal with new businesses moving in while it maintains the charm of the old. Buyers to investigate the accuracy of all the information and conduct their own due diligence.

Listed by Sylvia Ena | BRE #01129671 | Keller Williams Downtown LA
Last checked: 15 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
7,371
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24357419
City
Los Angeles
County
Los Angeles
Time on Site
88 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,685
  • Total Rent: $3,370
  • Pro Forma/Market Rent: $3,570
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.5%
  • Gross Rent Multiplier: 10.17
  • Gross Scheduled Income: --
  • Net Operating Income: $106,862
  • Gross Operating Income: $162,240
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 532 S St Louis St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Property Information
  • Total # of Units: 6
  • Parcel Number: 5183019007
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: E. 4th Street / S. Saint Louis
View more facts & features

Local Los Angeles Agent

Sale History for 532 S St Louis St

Last sold for $1,600,000 on April 25th, 2024

  • April, 2024

  • Apr 25, 2024

    Date

    Sold

    CRMLS: 24357419

    $1,600,000

    Price

  • Feb 12, 2024

    Date

    Active

    CRMLS: 24357419

    $1,650,000

    Price

  • August, 2019

  • Aug 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • July, 2014

  • Jul 18, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 532 S St Louis St

Assessed Value (2020): $825,540
Year Land Value Improved Value Assessed Value
2020 $495,000 $330,540 $825,540

Home Value Compared to the Market

This property vs the competition

532 S St Louis St sold on April 25, 2024 for 38.66% 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 $363.28 per/sqft which puts the price per square foot 51.88% lower than the current median sale per square foot for the city of Los Angeles.

About 532 S St Louis St

Detailed summary of property

532 S St Louis St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 4,542 living square feet, and sits on an approximately 7,371 square foot lot. 532 S St Louis St was first listed on ArdentRealEstateGroup.com on February 13, 2024. The homeowner sold the property for $1,600,000. 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 38.66% higher than the current median priced home. Local homes that are currently for sale include 3213 Huron St, 3213 Huron St and 1324 E 42nd St. While the average home in Los Angeles, CA is selling in 93 days, 532 S St Louis St has a days on market of 56 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 532 S St Louis 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 532 S St Louis St

Public county record property details
Beds
10
Baths
6
Year built
1913
Sq. Ft.
4,542
Lot Size
7,368
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5183-019-007

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
$800,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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