Search
5407 2nd Ave, Los Angeles, CA 90043
View Photos

5407 2nd Ave Los Angeles, CA 90043

$879,000 Sold Price as of 12/03/2020
  • 8 Beds
  • 8 Baths
  • 4,704 Sq.Ft.
Sold
$879,000 Sold Price as of 12/03/2020 Refinance Your Mortgage
Map preview of 5407 2nd Ave, Los Angeles, CA 90043

Property Overview: 5407 2nd Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,704 living square feet and 6,152 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: REDUCED! Four unit building with 4704 sqft on large 6152 sqft lot. Each unit is 2BD+2BA. One unit completely remodeled with hardwood flooring, new bath and kitchen, and currently vacant for owner occupant. Recently updated plumbing. New painting and carpet in hallways. Other units rented to easy tenants paying on time every month. Four (4) one-car garages with new roofs rented for $150/month and will be delivered vacant. Property has low monthly expenses. Gross Scheduled Income: $66,508. Total Expense: $19,973. Annual Net Income: $46,535. GRM 13.76. Cap Rate 5.04%. Walking distance to new Crenshaw Metro Line. This area is up-and-coming. Easy commute to Hollywood, downtown LA or Santa Monica, or new Inglewood football stadium. Tremendous upside in future. Price per sqft is amazingly low. Great for 1031 exchange. Property located in Economic Opportunity Zone (EOZ) for developers and tax deferment. A great property for long term hold. Appraised value $1,049,000 in March 2020.

Listed by Andrew Watkins | BRE #01478668 | KW Advisors
Last checked: 6 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
6,152
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
20627688
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,033
  • Total Rent: $1,033
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,089
  • Total Rent: $1,089
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.76
  • Gross Scheduled Income: --
  • Net Operating Income: $46,535
  • Gross Operating Income: $66,508
  • Garage Rental Rate: $150
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $1,545
  • New Taxes: $10,980
  • Trash: $1,545
  • Insurance: $2,081
  • Maintenance: $1,512
  • Water/Sewer: $1,545

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5407 2nd Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Laminate, Carpet
Kitchen Information
  • No Appliances
  • Refrigerator, None
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Window Bars, Smoke Detector(s), Carbon Monoxide 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
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Private, Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5005002034
  • Foundation Details: Block, Concrete Perimeter
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: Crenshaw Blvd. to 54th St., turn east, turn right at 2nd Ave
View more facts & features

Local Los Angeles Agent

Sale History for 5407 2nd Ave

Last sold for $879,000 on December 3rd, 2020

  • December, 2020

  • Dec 3, 2020

    Date

    Sold

    CRMLS: 20627688

    $879,000

    Price

  • Nov 18, 2020

    Date

    Pending

    CRMLS: 20627688

    $915,000

    Price

  • Nov 4, 2020

    Date

    Active Under Contract

    CRMLS: 20627688

    $915,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: 20627688

    $915,000

    Price

  • December, 2020

  • Dec 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $879,000

    Price

  • August, 2020

  • Aug 25, 2020

    Date

    Canceled

    CRMLS: 20592896

    $995,000

    Price

  • Jul 23, 2020

    Date

    Price Change

    CRMLS: 20592896

    $995,000

    Price

  • Jul 8, 2020

    Date

    Price Change

    CRMLS: 20592896

    $1,049,000

    Price

  • Jun 18, 2020

    Date

    Active

    CRMLS: 20592896

    $1,074,000

    Price

  • Listing provided courtesy of CRMLS

    Property appraised at $1.049M in March 2020 (see Docs section). Four (4) units. Huge 4700+ sqft building. Walk to new Crenshaw Line. Gross Scheduled Income: $66,508. Total Expense: $20,933. Annual Net Income: $46,059. GRM 14.96. Cap Rate 4.54%. All units 2BD+2BA w/den. One unit completely remodeled DELIVERED VACANT with hardwood flooring, new bathroom and kitchen. Recently updated plumbing. New painting and carpet. Four (4) 1-car garages with new roof - rent for $150/mo. each for extra $600/mo. or $7200/yr. Large 6150 sqft lot. Low monthly expenses and easy tenants. This area is very renter friendly with walking distance to new Crenshaw Line. This area is up-and-coming. Easy commute to Hollywood, DTLA, Santa Monica, or new Inglewood football stadium. Great for 1031 exchange. Property located in EOZ for developers and tax deferment. Tremendous upside in future. Price per sqft is amazingly low. Property at 2329 W. 59th St. is 6394 sqft and listed for sale at $2.75m. This is a great deal!

  • June, 2020

  • Jun 12, 2020

    Date

    Canceled

    CRMLS: 20577152

    $1,200,000

    Price

  • May 12, 2020

    Date

    Active

    CRMLS: 20577152

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing price per sqft. Huge four (4) unit building in Economic Opportunity Zone (EOZ). Each unit is spacious 2BD/2BA and over 1175 sqft each. Near 54th St. and soon-to-be-finished Crenshaw Line. 4704 sqft on large 6152 sqft lot. Plumbing redone in 2019. Newer electrical, newer meters. 1 unit VACANT completely remodeled in 2019 while 2 other units have been redone by prior owner. All bathrooms have new bathtubs and tile floors. Entire building remodeled to city code in 2001. Parking in back (enter thru alley) plus four (1) one car detached garages, which were repaired in 2019 and rent for $150/month. Remodeled unit delivered vacant. All others on month to month with rent increase due 8/1/2020. Conveniently located close to new Crenshaw Line and Inglewood Football Stadium. This property has great upside for major profit over next 3-5 years. Could be great for FHA owner occupant FHA. Or Economic Opportunity Zone redevelopment. A high quality property at a steal of a price!

  • February, 2019

  • Feb 11, 2019

    Date

    Canceled

    CRMLS: 18407070

    $750,000

    Price

  • Jan 31, 2019

    Date

    Active

    CRMLS: 18407070

    $750,000

    Price

  • Jan 7, 2019

    Date

    Active Under Contract

    CRMLS: 18407070

    $750,000

    Price

  • Nov 27, 2018

    Date

    Price Change

    CRMLS: 18407070

    $750,000

    Price

  • Nov 19, 2018

    Date

    Price Change

    CRMLS: 18407070

    $775,000

    Price

  • Nov 13, 2018

    Date

    Active

    CRMLS: 18407070

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge four (4) unit building. Each unit is spacious 2BD/2BA and over 1175sqft each. Near 54th St. and soon-to-be-finished Crenshaw Line. Can be perfect for FHA owner occupant. Over 4700+ sqft on large 6150+ sqft lot. Newer electrical, newer meters. 2 units have been completely remodeled in last few years. 2 units are older. All bathrooms have new bathtubs and tile floors. Entire building remodeled to city code in 2001. Parking in back (enter thru alley) plus four (1) one car detached garages (need roof repair) can rent $150/month each. All tenants on month-to-month, paying electric, gas and trash. Conveniently located close to new Crenshaw Line and Inglewood Football Stadium. Seller can provide Property Profile with current market comps ranging from $1.3M-$950k. But owner wants it sold for another project. This property has great upside for major profit over next 3-5 years. Could be great for owner occupant FHA. Wont last!

  • September, 2018

  • Sep 20, 2018

    Date

    Sold

    CRMLS: DW18106868

    $768,000

    Price

  • Jul 17, 2018

    Date

    Pending

    CRMLS: DW18106868

    $768,000

    Price

  • Jul 16, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $768,000

    Price

  • Jul 5, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $768,777

    Price

  • Jul 5, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $776,000

    Price

  • Jul 3, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $788,700

    Price

  • Jun 14, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $789,500

    Price

  • May 30, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $789,000

    Price

  • May 24, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $778,880

    Price

  • May 21, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $774,800

    Price

  • May 18, 2018

    Date

    Price Change

    CRMLS: DW18106868

    $775,000

    Price

  • May 7, 2018

    Date

    Active

    CRMLS: DW18106868

    $779,000

    Price

  • Listing provided courtesy of CRMLS

    TRUST SALE, 4 UNITS, 2BD-2BTH Each.Two units downstairs & two units upstairs. RENT CASH FLOW, Drive-by Offers subject to interior inspections, all tenant occupied,Renters are current on a month to month contract, all long term tenants for over 15 years. NO VACANCIES. (Tenant pays, Elect.,Trash & Gas) Building was remodeled to city code in Year:2001, All new Electrical wiring, New meters, All 8 bathrooms with new tubs & Tile Floors, Aluminum windows,Spacious Apartments. Sold "As Is" with existing tenants, Parking in rear from alley plus 4 Car detached garages . Must give tenants a 24Hour notice to view. Realtors MARKET COMPARABLE ANALYSIS, LOWEST SHOW. $965,K .Do not bother any tenants. CONVENTIONAL LOANS "1031" Exchanges welcome.ZIP CODE: 90043

  • September, 2018

  • Sep 20, 2018

    Date

    Sold (Public Records)

    Public Records

    $768,000

    Price

Show More

Tax History for 5407 2nd Ave

Assessed Value (2020): $783,800
Year Land Value Improved Value Assessed Value
2020 $548,760 $235,040 $783,800

Home Value Compared to the Market

This property vs the competition

5407 2nd Ave sold on December 3, 2020 for 23.11% lower 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 $194.52 per/sqft which puts the price per square foot 74.24% lower than the current median sale per square foot for the city of Los Angeles.

About 5407 2nd Ave

Detailed summary of property

5407 2nd Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,704 living square feet, and sits on an approximately 6,152 square foot lot. 5407 2nd Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $879,000. 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 23.11% lower than the current median priced home. Local homes that are currently for sale include 1632 W 52nd St, 6409 11th Ave and 6409 11th Ave. While the average home in Los Angeles, CA is selling in 94 days, 5407 2nd Ave has a days on market of 60 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 5407 2nd Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5407 2nd Ave

Public county record property details
Beds
8
Baths
8
Year built
1922
Sq. Ft.
4,704
Lot Size
6,152
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
152,153
APN
5005-002-034

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$965,000
Median List Price/Sq.Ft.
$613
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
77
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 5407 2nd Ave

Nearby Homes for Sale

5175 S Van Ness Ave, Los Angeles, CA 90062
$725,000
2 Beds
2 Baths
1564 Sq.Ft.
5175 S Van Ness Ave
Los Angeles, CA 90062
5170 S Van Ness Ave, Los Angeles, CA 90062
$749,000
6 Beds
3 Baths
1896 Sq.Ft.
5170 S Van Ness Ave
Los Angeles, CA 90062
5700 S Gramercy Pl, Los Angeles, CA 90062
$849,000
4 Beds
3 Baths
2538 Sq.Ft.
5700 S Gramercy Pl
Los Angeles, CA 90062
5162 Ruthelen St, Los Angeles, CA 90062
$939,000
4 Beds
3 Baths
2428 Sq.Ft.
5162 Ruthelen St
Los Angeles, CA 90062
5419 S St Andrews Pl, Los Angeles, CA 90062
$889,000
3 Beds
3 Baths
1970 Sq.Ft.
5419 S St Andrews Pl
Los Angeles, CA 90062
5739 S St. Andrews Pl, Los Angeles, CA 90062
$750,000
4 Beds
2 Baths
2082 Sq.Ft.
5739 S St. Andrews Pl
Los Angeles, CA 90062
2317 Hyde Park Blvd, Los Angeles, CA 90043
$799,999
4 Beds
2 Baths
1800 Sq.Ft.
2317 Hyde Park Blvd
Los Angeles, CA 90043
5302 S Manhattan Pl, Los Angeles, CA 90062
$939,888
5 Beds
2 Baths
2612 Sq.Ft.
5302 S Manhattan Pl
Los Angeles, CA 90062
5166 S Manhattan Pl, Los Angeles, CA 90062
$739,000
2 Beds
2 Baths
1456 Sq.Ft.
5166 S Manhattan Pl
Los Angeles, CA 90062
6059 Madden Ave, Los Angeles, CA 90043
$850,000
5 Beds
2 Baths
2336 Sq.Ft.
6059 Madden Ave
Los Angeles, CA 90043
2722 W 43rd Pl, Los Angeles, CA 90008
$1,049,000
4 Beds
2 Baths
3008 Sq.Ft.
2722 W 43rd Pl
Los Angeles, CA 90008
1726 W 60th St, Los Angeles, CA 90047
$750,000
4 Beds
2 Baths
1628 Sq.Ft.
1726 W 60th St
Los Angeles, CA 90047

Recently Sold Homes Near 5407 2nd Ave

5345 2nd Ave, Los Angeles, CA 90043
$700,000 Last Sold Price
5 Beds
4 Baths
2200 Sq.Ft.
5345 2nd Ave
Los Angeles, CA 90043
5428 3rd Ave, Los Angeles, CA 90043
$771,000 Last Sold Price
4 Beds
3 Baths
1842 Sq.Ft.
5428 3rd Ave
Los Angeles, CA 90043
5329 2nd Ave, Los Angeles, CA 90043
$973,600 Last Sold Price
5 Beds
3 Baths
2214 Sq.Ft.
5329 2nd Ave
Los Angeles, CA 90043
5415 3rd Ave, Los Angeles, CA 90043
$1,040,000 Last Sold Price
5 Beds
4 Baths
1831 Sq.Ft.
5415 3rd Ave
Los Angeles, CA 90043

Related Resources to 5407 2nd Ave

New Listings in 90043
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote