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5472 6Th Ave, Los Angeles, CA 90043
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5472 6Th Ave Los Angeles, CA 90043

$849,000
  • 5 Beds
  • 3 Baths
  • 1,956 Sq.Ft.
For Sale
$849,000 Get Pre-Qualified
Map preview of 5472 6Th Ave, Los Angeles, CA 90043

Property Overview: 5472 6Th Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,956 living square feet and 5,380 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: FANTASTIC INVESTMENT OPPORTUNITY Prime South LA Location | PARK HILLS HEIGHTS An incredible investment opportunity awaits with this duplex, ideally located in the thriving Park Hills Heights neighborhood. This property features an 1152 sqft, spacious 3 Bedroom, 1 Bath house unit along with a separate 804 sqft 1 Bedroom, 1 Bath unit over a 3-car garage offering versatility and income potential. Situated in an up-and-coming area with convenient access to the Metro and nearby shopping centers, this is an attractive prospect for both tenants and future owners. Long-term Section 8 tenants provide a seamless transition for the new owner. The neighborhood reveals a sense of pride of ownership, creating a welcoming and desirable residential environment. Close to USC, DTLA, Expo Park, Leimert Park, West Adams, and Jefferson Park, with easy access to the 110 Freeway and Inglewood, this property offers unmatched convenience and accessibility. The front unit holds great potential for an owner-occupant seeking to offset their mortgage with rental income, making it an ideal scenario for various buyers. In addition to its prime location and income potential, this property benefits from the possible development of a charter school just one block away. This exciting prospect adds further value and appeal to the area, enhancing the overall desirability of the neighborhood for potential tenants and future property values. For astute investors seeking to expand their real estate portfolio or individuals looking to explore new income opportunities, this duplex presents a solid foundation for success. Don't miss out on this rare find in a prime location, offering the perfect combination of location, income potential, and future growth.

Listed by Nanci Isaacs | BRE #01940161 | Compass
Last checked: 15 minutes ago | Last updated: May 15th, 2024 | Source CRMLS | DOM: 7
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Home details

Lot Sq. Ft
5,380
HOA Dues
$0/mo
Year built
1919
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24390407
City
Los Angeles
County
Los Angeles
Time on Site
7 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: --
  • Net Operating Income: $27,361
  • Gross Operating Income: $8,619
Annual Expense Breakdown
  • Total Operating Expense: --
  • Gardener: $700
  • Water/Sewer: $1,500
  • Other Expenses: $213

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Property Details for 5472 6Th Ave

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Three Door
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5006026020
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Crenshaw Blvd travel east on Slauson, and turn left on 6th Ave, the property will be on your right.
View more facts & features

Local Los Angeles Agent

Sale History for 5472 6Th Ave

Last sold for $600,000 on October 23rd, 2020

  • May, 2024

  • May 10, 2024

    Date

    Active

    CRMLS: 24390407

    $849,000

    Price

  • October, 2020

  • Oct 26, 2020

    Date

    Sold

    CRMLS: 20566126

    $600,000

    Price

  • Sep 29, 2020

    Date

    Active Under Contract

    CRMLS: 20566126

    $595,000

    Price

  • Mar 23, 2020

    Date

    Active

    CRMLS: 20566126

    $595,000

    Price

  • Listing provided courtesy of CRMLS

    These are the units you have been waiting for in the highly desirable Park Mesa Heights area. Presenting this updated 2 unit detached duplex with lots of potentials. Both units are detached, privately gated and make it perfect for large families or income-producing rentals. The front unit is a 3br,1bt which has been updated, great kitchen, recently painted and has its own laundry area. The second unit has its private entrance, also in excellent condition and has a bonus room/office as well as its own laundry area and a 3 car garage. Located in an up and coming area close to everything. Great Cap rate! Not to be missed.

  • October, 2020

  • Oct 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • March, 2020

  • Mar 23, 2020

    Date

    Canceled

    CRMLS: 19534284

    $575,000

    Price

  • Mar 6, 2020

    Date

    Pending

    CRMLS: 19534284

    $575,000

    Price

  • Dec 17, 2019

    Date

    Active Under Contract

    CRMLS: 19534284

    $575,000

    Price

  • Dec 3, 2019

    Date

    Active

    CRMLS: 19534284

    $575,000

    Price

  • Listing provided courtesy of CRMLS

    These are the units you have been waiting for in the highly desirable Park Mesa Heights area. Presenting this updated 2 unit detached duplex with lots of potentials. Both units are detached, privately gated and make it perfect for large families or income-producing rentals. The front unit is a 3br,1bt which has been updated, great kitchen, recently painted and has its own laundry area. The second unit has its private entrance, also in excellent condition and has a bonus room/office as well as its own laundry area and a 3 car garage. Located in an up and coming area close to everything. Great Cap rate! Not to be missed.

  • July, 2019

  • Jul 2, 2019

    Date

    Expired

    CRMLS: 19442076

    $585,000

    Price

  • Jun 9, 2019

    Date

    Withdrawn

    CRMLS: 19442076

    $585,000

    Price

  • May 15, 2019

    Date

    Price Change

    CRMLS: 19442076

    $585,000

    Price

  • Mar 9, 2019

    Date

    Active

    CRMLS: 19442076

    $589,000

    Price

  • Listing provided courtesy of CRMLS

    **INTERIOR SHOTS JUST ADDED** AMAZING investment opportunity in thriving Park Mesa Heights. Here is your chance to own a charming, 2-Unit detached DUPLEX on a corner lot with tremendous upside income potential. The front unit is a 3 BR / 1 BA (est 1,152 SF +/-) and above the large 3-car garage is a private and remodeled 1 BR / 1BA (est 804 SF +/-) detached unit with a BONUS room set up perfect for a home office, den, or possible 2nd BR. Front unit has a remodeled kitchen. Back unit has a renovated kitchen, new electrical, refinished Hardwood floors, and new paint. Each has their own laundry. Property has a large fenced yard & an open patio for entertaining and relaxing. Centrally located with easy access to public transportation, shopping, dining and freeways. Both units are currently TENANT OCCUPIED and come with the sale. Tremendous upside income potential. Estimated annual cap rate of 4.4%!

  • May, 2008

  • May 13, 2008

    Date

    Sold (Public Records)

    Public Records

    $367,500

    Price

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Tax History for 5472 6Th Ave

Assessed Value (2020): $440,772
Year Land Value Improved Value Assessed Value
2020 $290,647 $150,125 $440,772

Home Value Compared to the Market

This property vs the competition

5472 6Th Ave is listed 32.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $434.05 per/sqft which puts the price per square foot 44.14% lower than the median price per square foot for the city of Los Angeles.

About 5472 6Th Ave

Detailed summary of property

5472 6Th Ave is a multi family located in Los Angeles, CA 90043 and is currently for sale. This multi family property offers 5 bedrooms, 3 bathrooms, roughly 1,956 living square feet, and sits on an approximately 5,380 square foot lot. 5472 6Th Ave was first listed on ArdentRealEstateGroup.com on May 10, 2024. The homeowner is currently asking $849,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.08% lower than the median priced home. Local competing homes currently for sale include 5739 S St. Andrews Pl, 6409 11th Ave and 6409 11th Ave. While the average home in Los Angeles, CA is selling in 92 days, 5472 6Th Ave has a days on market of 7 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5472 6Th 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 5472 6Th Ave

Public county record property details
Beds
4
Baths
2
Year built
1919
Sq. Ft.
1,956
Lot Size
5,379
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
113
APN
5006-026-020

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
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
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%)

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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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