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5501 Alhambra Ave, Los Angeles, CA 90032
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5501 Alhambra Ave Los Angeles, CA 90032

$988,888
  • 9 Beds
  • 5 Baths
  • 2,870 Sq.Ft.
For Sale
$988,888 Get Pre-Qualified
Map preview of 5501 Alhambra Ave, Los Angeles, CA 90032

Property Overview: 5501 Alhambra Ave Los Angeles, CA has 9 bedrooms, 5 bathrooms, 2,870 living square feet and 2,740 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: Step into a piece of history with this charming mixed-use property 5501 and 5505 Alhambra Ave nestled in the heart of historic El Sereno. Offering a unique blend of commercial and mixed use, this property presents an exceptional opportunity for investors and homeowners alike. This property enjoys a prime location with convenient access to local shops, restaurants, and cultural attractions. Embrace the rich heritage of the area while being just moments away from the bustling city life of Los Angeles. The property features Two APN'S 5220-023-014 & 5220-023-015 Sold Together four residential living units, offering a total of 2,870 square feet of living space and 2,740 square feet lot. Two units boast 2 bedrooms and 1 bathroom each, providing comfortable living quarters for residents. Another unit offers 3 bedrooms and 1 bathroom, 5 Electrical and Gas Meters. Perfect for larger households seeking ample space. Additionally, a detached unit provides privacy with 1 bedroom and 1 bathroom, ideal for rental opportunity. A storefront commercial space APN 5220-023-015 comprising 370 square feet and 5,167 square feet lot presents endless possibilities for entrepreneurs and small business owners. Whether you envision a boutique shop, cafe, or office space, this area offers the perfect canvas to bring your vision to life. This property offers excellent income potential for investors seeking to capitalize on the demand for properties in the area. 3 units will be available vacant.

Listed by Laura Ruvalcaba | BRE #02019308 | RE/MAX TOP PRODUCERS
Last checked: 14 minutes ago | Last updated: April 21st, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
2,740
HOA Dues
$0/mo
Year built
1933
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
CV24076907
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $890
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,236
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $860
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,480
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $66,792
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 5501 Alhambra Ave

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Property Details for 5501 Alhambra Ave

Interior Features
Laundry Information
  • Has Laundry
  • Stackable
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5220023014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Covina St/ Alhambra Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5501 Alhambra Ave

View property's historical transactions

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: CV24076907

    $988,888

    Price

Tax History for 5501 Alhambra Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

5501 Alhambra Ave is listed 19.27% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $344.56 per/sqft which puts the price per square foot 55.48% lower than the median price per square foot for the city of Los Angeles.

About 5501 Alhambra Ave

Detailed summary of property

5501 Alhambra Ave is a mixed use located in Los Angeles, CA 90032 and is currently for sale. This mixed use property offers 9 bedrooms, 5 bathrooms, roughly 2,870 living square feet, and sits on an approximately 2,740 square foot lot. 5501 Alhambra Ave was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $988,888. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.27% lower than the median priced home. Local competing homes currently for sale include 849 S Broadway #802, 849 S Broadway #307 and 801 S Grand Ave #1904. While the average home in Los Angeles, CA is selling in 96 days, 5501 Alhambra Ave has a days on market of 14 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 5501 Alhambra Ave Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5501 Alhambra Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$858,000
Median List Price/Sq.Ft.
$637
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
57
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

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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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