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5513 Homeside Ave, Los Angeles, CA 90016
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5513 Homeside Ave Los Angeles, CA 90016

$990,000 Sold Price as of 05/14/2021
  • 6 Beds
  • 3 Baths
  • 1,704 Sq.Ft.
Sold
$990,000 Sold Price as of 05/14/2021 Refinance Your Mortgage
Map preview of 5513 Homeside Ave, Los Angeles, CA 90016

Property Overview: 5513 Homeside Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,704 living square feet and 4,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to Homeside Apartments, a Three unit building in the heart of the hottest sub-market in Los Angeles. This cash cow is a stabilized asset bringing in over $60k gross rents per year and is located in an opportunity zone. Layout of all three units are two bedrooms and one bath with washer and dryer hookups in every unit. Very rare, Homeside Apartments has all utilities sub metered including water. This translates to very low monthly expenses. Parking area in the rear has enough space to accommodate a detached ADU, buyer to investigate. All units have been updated the last few years. All units boast newer vinyl planks, updated bathrooms and kitchens, upgraded copper plumbing, upgraded ABS waste lines through out, and newer windows. West Adams is booming with developments breaking ground everyday. Down the street is the almost completed 31 story high rise mixed use Cumulus District which will include a brand new Whole Foods grocery store and 50,000 square feet of retail space. With Amazon, Apple and Sony studios just blocks away, Homeside apartments is primed to take advantage of this hot rental market.

Listed by Alberto Garcia | BRE #01750839 | Pacific Properties Rlty Group
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
4,800
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
PW21064358
City
Los Angeles
County
Los Angeles
Time on Site
1149 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,731
  • Total Rent: $1,731
  • Pro Forma/Market Rent: $2,263
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $1,658
  • Pro Forma/Market Rent: $2,263
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,617
  • Total Rent: $1,617
  • Pro Forma/Market Rent: $2,263
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: 16.63
  • Gross Scheduled Income: $60,072
  • Net Operating Income: $50,572
  • Gross Operating Income: $60,072
Annual Expense Breakdown
  • Total Operating Expense: $9,500
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,500
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,700
  • Water/Sewer: $0

Property Details for 5513 Homeside Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Value In Land, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5048020026
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Jefferson/Hauser
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5513 Homeside Ave

Last sold for $990,000 on May 14th, 2021

  • May, 2021

  • May 14, 2021

    Date

    Sold

    CRMLS: PW21064358

    $990,000

    Price

  • Apr 28, 2021

    Date

    Pending

    CRMLS: PW21064358

    $999,000

    Price

  • Apr 7, 2021

    Date

    Active Under Contract

    CRMLS: PW21064358

    $999,000

    Price

  • Mar 27, 2021

    Date

    Active

    CRMLS: PW21064358

    $999,000

    Price

  • March, 2021

  • Mar 27, 2021

    Date

    Expired

    CRMLS: PW21058997

    $999,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: PW21058997

    $999,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2012

  • Jun 18, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2008

  • Aug 15, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5513 Homeside Ave

Assessed Value (2020): $588,739
Year Land Value Improved Value Assessed Value
2020 $470,995 $117,744 $588,739

Home Value Compared to the Market

This property vs the competition

5513 Homeside Ave sold on May 14, 2021 for 16.05% 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 $586.27 per/sqft which puts the price per square foot 22.35% lower than the current median sale per square foot for the city of Los Angeles.

About 5513 Homeside Ave

Detailed summary of property

5513 Homeside Ave is a triplex that recently sold in Los Angeles, CA 90016. This triplex offered 6 bedrooms, 3 bathrooms, roughly 1,704 living square feet, and sits on an approximately 4,800 square foot lot. 5513 Homeside Ave was first listed on ArdentRealEstateGroup.com on March 27, 2021. The homeowner sold the property for $990,000. 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 16.05% lower than the current median priced home. Local homes that are currently for sale include 3023 Obama Blvd, 4006 W 21st St and 1272 Queen Anne Pl. While the average home in Los Angeles, CA is selling in 92 days, 5513 Homeside Ave has a days on market of 5 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 5513 Homeside Ave 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 5513 Homeside Ave

Public county record property details
Beds
6
Baths
3
Year built
1953
Sq. Ft.
1,704
Lot Size
4,800
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
422
APN
5048-020-026

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
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
78
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

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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