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5403 Blackwelder St, Los Angeles, CA 90016
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5403 Blackwelder St Los Angeles, CA 90016

$1,650,000 Sold Price as of 08/20/2021
  • 12 Beds
  • 7 Baths
  • 6,159 Sq.Ft.
Sold
$1,650,000 Sold Price as of 08/20/2021 Refinance Your Mortgage
Map preview of 5403 Blackwelder St, Los Angeles, CA 90016

Property Overview: 5403 Blackwelder St Los Angeles, CA has 12 bedrooms, 7 bathrooms, 6,159 living square feet and 7,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity knocks! 7 unit apartment building in a West Adams opportunity zone and just blocks to trendy Culver city. Culver City is quickly becoming an extension of the Silicon Beach tech hub. Also conveniently located between downtown LA and the Westside beaches as well as easy 10 freeway access and the expo line La Cienega station. This property has a great unit mix comprised of Three 2 bed 1 bath, Two 2 bed 1 bath and Two 1 bed 1 bath units. Each unit has very spacious and open living rooms with some updating throughout. Updates include kitchen counters with quartz/granite and wood/vinyl flooring. The building features laundry hookups, large rear yard space with many possibilities, two private balconies and a common area courtyard. There 6 parking spots with the potential of doubling that by creating tandem parking. The explosive area growth includes many new home developments, restaurants, coffee shops, bars and office space. With current trends and a 34% upside in rental income, this makes a excellent investment opportunity!

Listed by Anthony Ridino | BRE #01381327 | Propertycloud
Last checked: 14 minutes ago | Last updated: April 7th, 2023 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
7,200
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21753212
City
Los Angeles
County
Los Angeles
Time on Site
1046 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $881
  • Total Rent: $881
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $873
  • Total Rent: $873
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.65
  • Gross Scheduled Income: --
  • Net Operating Income: $69,463
  • Gross Operating Income: $120,492
  • Laundry Income: $600
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5403 Blackwelder St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Wood, Tile, Carpet
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Range
Interior Features
  • Levels: Two
  • Security Features: Window Bars, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Driveway
Lot Information
  • Lot Features: Back Yard
Property Information
  • No View
  • View: None
  • Total # of Units: 7
  • Parcel Number: 5043016012
  • Architectural Style: Mid Century Modern
  • Foundation Details: Slab
  • Accessibility Features: None
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: North of Jefferson, South of Adams, East of Hauser and West of Redondo.
View more facts & features

Local Los Angeles Agent

Sale History for 5403 Blackwelder St

Last sold for $1,650,000 on August 20th, 2021

  • April, 2023

  • Apr 7, 2023

    Date

    Canceled

    CRMLS: 23236299

    $2,150,000

    Price

  • Jan 26, 2023

    Date

    Active

    CRMLS: 23236299

    $2,150,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the Prime West Adams Neighborhood of Los Angeles | 4.58% Current CAP Rate & 14.70 Current GRM | Approximately 52% in Rental Upside | Desirable Opportunity to Add 2-Bedroom ADU (Accessory Dwelling Unit) - Potential to Generate Additional Income | Three Units Fully Extensively Remodeled & Total of 7 Gated Parking Spaces | Located in Opportunity Zone A Few Blocks from Whole Foods, Tartine West Adams, Mizlala Restaurant, and the La Cienega/Jefferson & Expo/La Brea Transit Stations | Pro-Forma Cap Rate of 8.03% | 6,159-Square Feet of Living Area on a 7,200-Square Foot Lot | Unit Mix of (Three) 2-Bedroom/1.5-Bathroom Units, (Two) 2-Bedroom/1-Bathroom Units & (Two) 1-Bedroom/1-Bathroom Units | Close Proximity to Culver Steps, Culver City Arts District, Ivy Station, The Platform Shopping Center, The Shay Hotel, Amazon Studios, Downtown Culver City & the Future Apple Office Campus Site

  • April, 2023

  • Apr 7, 2023

    Date

    Expired

    CRMLS: 22208011

    $2,150,000

    Price

  • Oct 12, 2022

    Date

    Active

    CRMLS: 22208011

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the Prime West Adams Neighborhood of Los Angeles | 4.58% Current CAP Rate & 14.70 Current GRM | Approximately 52% in Rental Upside | Desirable Opportunity to Add 2-Bedroom ADU (Accessory Dwelling Unit) - Potential to Generate Additional Income | Three Units Fully Extensively Remodeled & Total of 7 Gated Parking Spaces | Located in Opportunity Zone A Few Blocks from Whole Foods, Tartine West Adams, Mizlala Restaurant, and the La Cienega/Jefferson & Expo/La Brea Transit Stations | Pro-Forma Cap Rate of 8.03% | 6,159-Square Feet of Living Area on a 7,200-Square Foot Lot | Unit Mix of (Three) 2-Bedroom/1.5-Bathroom Units, (Two) 2-Bedroom/1-Bathroom Units & (Two) 1-Bedroom/1-Bathroom Units | Close Proximity to Culver Steps, Culver City Arts District, Ivy Station, The Platform Shopping Center, The Shay Hotel, Amazon Studios, Downtown Culver City & the Future Apple Office Campus Site

  • August, 2021

  • Aug 25, 2021

    Date

    Sold

    CRMLS: 21753212

    $1,650,000

    Price

  • Jul 19, 2021

    Date

    Active Under Contract

    CRMLS: 21753212

    $1,765,000

    Price

  • Jun 28, 2021

    Date

    Active

    CRMLS: 21753212

    $1,765,000

    Price

  • February, 2012

  • Feb 17, 2012

    Date

    Sold (Public Records)

    Public Records

    $593,000

    Price

Show More

Tax History for 5403 Blackwelder St

Assessed Value (2020): $681,056
Year Land Value Improved Value Assessed Value
2020 $344,548 $336,508 $681,056

Home Value Compared to the Market

This property vs the competition

5403 Blackwelder St sold on August 20, 2021 for 48.32% 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 $286.57 per/sqft which puts the price per square foot 62.04% lower than the current median sale per square foot for the city of Los Angeles.

About 5403 Blackwelder St

Detailed summary of property

5403 Blackwelder St is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 12 bedrooms, 7 bathrooms, roughly 6,159 living square feet, and sits on an approximately 7,200 square foot lot. 5403 Blackwelder St was first listed on ArdentRealEstateGroup.com on June 28, 2021. The homeowner sold the property for $1,650,000. 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 48.32% higher than the current median priced home. Local homes that are currently for sale include 1432 S Cloverdale Ave, 1371 Masselin Ave and 1952 S Corning St. While the average home in Los Angeles, CA is selling in 93 days, 5403 Blackwelder St has a days on market of 18 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 5403 Blackwelder St Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5403 Blackwelder St

Public county record property details
Beds
12
Baths
10
Year built
1961
Sq. Ft.
6,159
Lot Size
7,200
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
341,342
APN
5043-016-012

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
75
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Recently Sold Homes Near 5403 Blackwelder St

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5418 Smiley Dr, Los Angeles, CA 90016
$890,000 Last Sold Price
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5424 Smiley Dr, Los Angeles, CA 90016
$2,075,000 Last Sold Price
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5347 Blackwelder St, Los Angeles, CA 90016
$1,390,350 Last Sold Price
9 Beds
5 Baths
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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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