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5442 Virginia Ave, Los Angeles, CA 90029
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5442 Virginia Ave Los Angeles, CA 90029

$2,100,000 Sold Price as of 08/10/2023
  • 16 Beds
  • 8 Baths
  • 5,670 Sq.Ft.
Sold
$2,100,000 Sold Price as of 08/10/2023 Refinance Your Mortgage
Map preview of 5442 Virginia Ave, Los Angeles, CA 90029

Property Overview: 5442 Virginia Ave Los Angeles, CA has 16 bedrooms, 8 bathrooms, 5,670 living square feet and 7,496 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Anna Kampling | BRE #01980581 | Colliers International Greater Los Angel
Last checked: 4 minutes ago | Last updated: August 10th, 2023 | Source CRMLS | DOM: 137

Home details

Lot Sq. Ft
7,496
HOA Dues
$0/mo
Year built
1984
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23275157
City
Los Angeles
County
Los Angeles
Time on Site
342 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,417
  • Total Rent: $19,338
  • Pro Forma/Market Rent: $22,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.33%
  • Gross Rent Multiplier: 11.85
  • Gross Scheduled Income: --
  • Net Operating Income: $146,697
  • Gross Operating Income: $229,756
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5442 Virginia Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 8
  • Parcel Number: 5536010008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From the 101-S, take exit 7 to get off the freeway. Turn left on Lexington ave, then right on Western ave, then another left on Virginia ave to find the property on the left side.
View more facts & features

Local Los Angeles Agent

Sale History for 5442 Virginia Ave

Last sold for $2,100,000 on August 10th, 2023

  • August, 2023

  • Aug 10, 2023

    Date

    Sold

    CRMLS: 23275157

    $2,100,000

    Price

  • Mar 23, 2023

    Date

    Active

    CRMLS: 23275157

    $2,750,000

    Price

  • September, 2021

  • Sep 15, 2021

    Date

    Expired

    CRMLS: 21760766

    $3,000,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: 21760766

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    5442 Virginia is a two story, eight-unit complex located just east of Western and north of Santa Monica Blvd. in Hollywood. This property was built in 1984 and subject to Los Angeles Rent Stabilization ordinance that allows higher rent increases than properties built prior to 1979. The building is fully-parked with 9 surface parking spaces. The building has a pitched roof, laundry room, and wall a/c units. There is a drought tolerant vegitation in the front providing attractive low-cost and low maintenance landscaping. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

  • April, 2007

  • Apr 26, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,260,000

    Price

  • January, 2005

  • Jan 13, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,062,500

    Price

Show More

Tax History for 5442 Virginia Ave

Assessed Value (2020): $1,545,175
Year Land Value Improved Value Assessed Value
2020 $980,049 $565,126 $1,545,175

Home Value Compared to the Market

This property vs the competition

5442 Virginia Ave sold on August 10, 2023 for 122.69% 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 $467.37 per/sqft which puts the price per square foot 38.1% lower than the current median sale per square foot for the city of Los Angeles.

About 5442 Virginia Ave

Detailed summary of property

5442 Virginia Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 5,670 living square feet, and sits on an approximately 7,496 square foot lot. 5442 Virginia Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,100,000. 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 122.69% higher than the current median priced home. Local homes that are currently for sale include 1140 N Beachwood Dr, 5008 Rosewood Ave and 428 N Harvard Blvd. While the average home in Los Angeles, CA is selling in 93 days, 5442 Virginia Ave has a days on market of 137 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 5442 Virginia Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5442 Virginia Ave

Public county record property details
Beds
16
Baths
8
Year built
1984
Sq. Ft.
5,670
Lot Size
7,495
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5536-010-008

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Homes for Sale Near 5442 Virginia Ave

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Recently Sold Homes Near 5442 Virginia Ave

5425 Santa Monica Blvd, Los Angeles, CA 90029
$7,700,000 Last Sold Price
6 Beds
34 Baths
27192 Sq.Ft.
5425 Santa Monica Blvd
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5525-5527 Virginia Ave, Los Angeles, CA 90038
$3,200,000 Last Sold Price
22 Beds
22 Baths
13874 Sq.Ft.
5525-5527 Virginia Ave
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5353 Virginia Ave, Los Angeles, CA 90029
$1,000,000 Last Sold Price
3 Beds
2 Baths
2040 Sq.Ft.
5353 Virginia Ave
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5536 Lexington Ave, Los Angeles, CA 90038
$1,650,000 Last Sold Price
9 Beds
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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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