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5414 Denker Ave, Los Angeles, CA 90062
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5414 Denker Ave Los Angeles, CA 90062

$930,000 Sold Price as of 07/16/2021
  • 6 Beds
  • 5 Baths
  • 2,352 Sq.Ft.
Sold
$930,000 Sold Price as of 07/16/2021 Refinance Your Mortgage
Map preview of 5414 Denker Ave, Los Angeles, CA 90062

Property Overview: 5414 Denker Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,352 living square feet and 5,726 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**

Listed by William Creed | BRE #01880695 | Clement Partners Real Estate
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
5,726
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21728418
City
Los Angeles
County
Los Angeles
Time on Site
1100 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,528
  • Total Rent: $1,528
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,528
  • Total Rent: $1,528
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.2
  • Gross Scheduled Income: --
  • Net Operating Income: $75,625
  • Gross Operating Income: $91,872
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5414 Denker Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 5
  • Parcel Number: 5003018030
  • Architectural Style: Bungalow
  • Property Condition: Fixer
Location / Neighborhood
Location Information
  • Directions: East down Vernon, South down Denker
View more facts & features

Local Los Angeles Agent

Sale History for 5414 Denker Ave

Last sold for $930,000 on July 16th, 2021

  • July, 2021

  • Jul 23, 2021

    Date

    Sold

    CRMLS: 21728418

    $930,000

    Price

  • Jun 8, 2021

    Date

    Price Change

    CRMLS: 21728418

    $920,000

    Price

  • May 20, 2021

    Date

    Active Under Contract

    CRMLS: 21728418

    $925,000

    Price

  • May 7, 2021

    Date

    Price Change

    CRMLS: 21728418

    $925,000

    Price

  • May 6, 2021

    Date

    Active

    CRMLS: 21728418

    $950,000

    Price

  • May, 2021

  • May 6, 2021

    Date

    Expired

    CRMLS: 21714938

    $950,000

    Price

  • Apr 5, 2021

    Date

    Active

    CRMLS: 21714938

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled.

  • April, 2021

  • Apr 5, 2021

    Date

    Canceled

    CRMLS: 21690630

    $950,000

    Price

  • Mar 4, 2021

    Date

    Active Under Contract

    CRMLS: 21690630

    $950,000

    Price

  • Feb 27, 2021

    Date

    Active

    CRMLS: 21690630

    $950,000

    Price

  • Feb 23, 2021

    Date

    Active Under Contract

    CRMLS: 21690630

    $950,000

    Price

  • Feb 8, 2021

    Date

    Active

    CRMLS: 21690630

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Turn key cash flow. Current rents are 100% subsidized. Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled.

  • June, 2015

  • Jun 10, 2015

    Date

    Sold (Public Records)

    Public Records

    $515,000

    Price

  • April, 2010

  • Apr 5, 2010

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 5414 Denker Ave

Assessed Value (2020): $565,950
Year Land Value Improved Value Assessed Value
2020 $439,575 $126,375 $565,950

Home Value Compared to the Market

This property vs the competition

5414 Denker Ave sold on July 16, 2021 for 22.69% 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 $391.16 per/sqft which puts the price per square foot 48.19% lower than the current median sale per square foot for the city of Los Angeles.

About 5414 Denker Ave

Detailed summary of property

5414 Denker Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,352 living square feet, and sits on an approximately 5,726 square foot lot. 5414 Denker Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $930,000. 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 22.69% lower than the current median priced home. Local homes that are currently for sale include 1054 W 58th Pl, 1728 W 64th St and 5700 S Van Ness Ave. While the average home in Los Angeles, CA is selling in 94 days, 5414 Denker Ave has a days on market of 12 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 5414 Denker Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5414 Denker Ave

Public county record property details
Beds
5
Baths
5
Year built
1923
Sq. Ft.
2,352
Lot Size
5,725
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
141
APN
5003-018-030

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$859,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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