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5516 Media Dr, Los Angeles, CA 90042
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5516 Media Dr Los Angeles, CA 90042

$760,000 Sold Price as of 07/13/2021
  • 5 Beds
  • 3 Baths
  • 1,848 Sq.Ft.
Sold
$760,000 Sold Price as of 07/13/2021 Refinance Your Mortgage
Map preview of 5516 Media Dr, Los Angeles, CA 90042

Property Overview: 5516 Media Dr Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,848 living square feet and 6,016 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to own this income property with 2 separate houses on a lot in prime Highland Park. Separate garage and additional possibilities available with the new ADU laws. Front house is 1056' sq ft with 3 bdrms/2 baths. The back house is 792' with 2 bdrms/1 bath. Great upside potential for higher rents. Both units are on month-to-month lease and under LA rent control. Each unit have their own designated parking spaces. The lot is over 6000 Sq ft, zoned LARD2 with land use Triplex. Drive by only-Do not disturb tenants!

Listed by Katherine M Suh | BRE #01321638 | Nelson Shelton Real Estate Era Powered
Last checked: 12 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
6,016
HOA Dues
$0/mo
Year built
1910
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
21709374
City
Los Angeles
County
Los Angeles
Time on Site
1183 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: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,088
  • Total Rent: $2,088
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,220
  • Total Rent: $1,220
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $39,456
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5516 Media Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Detached Carport, Driveway, Garage - Two Door
Lot Information
  • Lot Features: Front Yard, Lawn
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5468028004
Location / Neighborhood
Location Information
  • Directions: Figueroa, Go East on S Avenue 55, Left on Media Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 5516 Media Dr

Last sold for $760,000 on July 13th, 2021

  • July, 2021

  • Jul 13, 2021

    Date

    Sold

    CRMLS: 21709374

    $760,000

    Price

  • Jun 27, 2021

    Date

    Pending

    CRMLS: 21709374

    $795,000

    Price

  • Jun 10, 2021

    Date

    Active Under Contract

    CRMLS: 21709374

    $795,000

    Price

  • Apr 27, 2021

    Date

    Active

    CRMLS: 21709374

    $795,000

    Price

  • Apr 7, 2021

    Date

    Coming Soon

    CRMLS: 21709374

    $795,000

    Price

  • January, 2010

  • Jan 8, 2010

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

  • January, 2010

  • Jan 8, 2010

    Date

    Sold

    CRMLS: 12127318

    $225,000

    Price

  • Jul 14, 2009

    Date

    Active

    CRMLS: 12127318

    $298,800

    Price

  • Listing provided courtesy of CRMLS

    Two separate houses in one lot. Both units are vacant. Front house is 3BR, 2BA and the rear house is 2BR, 1BA. Two car detached garage converted to a single unit with out permits. All offers must be pre-qual with Bank of America. Cash offers or 203K FHA only. Sold As-Is

  • March, 2008

  • Mar 7, 2008

    Date

    Sold (Public Records)

    Public Records

    $395,121

    Price

Show More

Tax History for 5516 Media Dr

Assessed Value (2020): $265,556
Year Land Value Improved Value Assessed Value
2020 $186,480 $79,076 $265,556

Home Value Compared to the Market

This property vs the competition

5516 Media Dr sold on July 13, 2021 for 37.6% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $430.19 per/sqft which puts the price per square foot 45.61% lower than the current median sale per square foot for the city of Los Angeles.

About 5516 Media Dr

Detailed summary of property

5516 Media Dr is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,848 living square feet, and sits on an approximately 6,016 square foot lot. 5516 Media Dr was first listed on ArdentRealEstateGroup.com on April 7, 2021. The homeowner sold the property for $760,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.6% lower than the current median priced home. Local homes that are currently for sale include 2043-2045 City View Ave, 673 N Boyle Ave and 1086 N Bonnie Beach Pl. While the average home in Los Angeles, CA is selling in 100 days, 5516 Media Dr has a days on market of 43 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 5516 Media Dr Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5516 Media Dr

Public county record property details
Beds
4
Baths
3
Year built
1910
Sq. Ft.
1,848
Lot Size
6,015
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5468-028-004

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$789
Median Sold Price
$1,140,000
Median Sold Price/Sq.Ft.
$895
Total Inventory
90
Median Sale to List Price %
115.27%
Avg Days on Market
19
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (34.62%), Other (7.69%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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