5504 W Adams Blvd Los Angeles, CA 90016

$480,000 Sold Price as of 09/02/2003

-- Beds
-- Baths
6,572 Sq.Ft.

Off Market

$480,000 Sold Price as of 09/02/2003 Refinance Your Mortgage

Map preview of 5504 W Adams Blvd, Los Angeles, CA 90016

Property Overview: 5504 W Adams Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 6,572 living square feet and 6,686 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5504 W Adams Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $245,000 for the down payment and will need roughly $24,500 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5504 W Adams Blvd

Last sold for $480,000 on September 2nd, 2003

July, 2023
Jul 12, 2023

Date

Expired

CRMLS: 23253861

$2,700,000

Price
Mar 23, 2023

Date

Active

CRMLS: 23253861

$2,850,000

Price
Listing provided courtesy of CRMLS

I am pleased to present 5504-5506 West Adams Boulevard. This mixed-use property offers nine total units, including five one-bedroom units, three two-bedroom units, and one commercial unit, situated on a 6,686 square foot parcel. Located in the premiere pocket of the West Adams neighborhood, this property is located just east of the West Adams Boulevard intersection with Fairfax Avenue. This sought-after location offers convenient access to fresh new eateries, employment centers and retail, from West Adams, and Culver City. West Adams is experiencing tremendous growth fueled by significant development activity and a growing roster of retail & office tenants. This family-owned and operated property is on the market for the first time in 20 years and offers 57% rental upside through interior and exterior renovations. The surrounding area is continuing to experience gentrification, making West Adams a compelling value-proposition for tenants who are getting priced out of neighboring submarkets. This neighborhood is poised for rent growth, making this investment opportunity even more attractive. 5504 West Adams Boulevard offers investors a chance to own a well-managed and maintained mixed use property with value-add potential in a desirable location, making this an excellent acquisition opportunity.

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September, 2003
Sep 2, 2003

Date

Sold (Public Records)

Public Records

$480,000

Price
September, 2003
Sep 2, 2003

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 5504 W Adams Blvd

Assessed Value (2020): $624,013

Year	Land Value	Improved Value	Assessed Value
2020	$221,003	$403,010	$624,013

About 5504 W Adams Blvd

Detailed summary of property

5504 W Adams Blvd is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90016 and last sold on September 2, 2003 for $480,000. This property has -- bedrooms, -- bathrooms, roughly 6,572 living square feet, and sits on an approximately 6,686 square foot lot. Homes 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 59.66% lower than the current median priced home. 5504 W Adams Blvd was last sold on September 2, 2003 for $480,000. Local nearby listings include 2131 S Cloverdale Ave, 2619 S Mansfield Ave and 3549 S Cochran Ave. The average home in Los Angeles, CA is selling in 96 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. If you are the homeowner and looking to sell the home at 5504 W Adams Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5504 W Adams Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1955
Sq. Ft.: 6,572
Lot Size: 6,686
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 5048-028-007

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,150,000

Median List Price/Sq.Ft.

$748

Median Sold Price

$885,000

Median Sold Price/Sq.Ft.

$699

Total Inventory

Median Sale to List Price %

98.44%

Avg Days on Market

Loan Type

Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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