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5526 Blackwelder St, Los Angeles, CA 90016
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5526 Blackwelder St Los Angeles, CA 90016

$2,895,000 Sold Price as of 10/31/2023
  • 13 Beds
  • 13 Baths
  • 5,168 Sq.Ft.
Sold
$2,895,000 Sold Price as of 10/31/2023 Refinance Your Mortgage
Map preview of 5526 Blackwelder St, Los Angeles, CA 90016

Property Overview: 5526 Blackwelder St Los Angeles, CA has 13 bedrooms, 13 bathrooms, 5,168 living square feet and 4,802 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sold before processing.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 5 minutes ago | Last updated: October 31st, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
4,802
HOA Dues
$0/mo
Year built
2023
Garage
1 Car
Property Type:
Fourplex
Status
Sold
MLS#
BB23202494
City
Los Angeles
County
Los Angeles
Time on Site
201 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,650
  • Total Rent: $4,650
  • Pro Forma/Market Rent: $4,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.19%
  • Gross Rent Multiplier: 14.71
  • Gross Scheduled Income: $196,800
  • Net Operating Income: $150,319
  • Gross Operating Income: $188,928
  • Vacancy Allowance: $7,872
Annual Expense Breakdown
  • Total Operating Expense: $38,609
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $33,742
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,067
  • Maintenance: $1,600
  • Water/Sewer: $0

Property Details for 5526 Blackwelder St

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5048020008
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on Blackwelder, North of Jefferson Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 5526 Blackwelder St

Last sold for $2,895,000 on October 31st, 2023

  • October, 2023

  • Oct 31, 2023

    Date

    Active

    CRMLS: BB23202494

    $2,895,000

    Price

  • Oct 31, 2023

    Date

    Sold

    CRMLS: BB23202494

    $2,895,000

    Price

  • July, 2023

  • Jul 29, 2023

    Date

    Expired

    CRMLS: 23260981

    $2,995,000

    Price

  • Apr 19, 2023

    Date

    Active

    CRMLS: 23260981

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 5526 Blackwelder St., a stunning newly constructed, 4 unit property located in coveted Mid City. This property is situated in a QUALIFIED OPPORTUNITY ZONE (consult your tax accountant for more information), and is also the lowest priced 4 unit property in Mid City! The property features a single-family home with an attached ADU in the front and a duplex in the rear, all units are thoughtfully designed with custom finishes and upgrades throughout. As you step into each unit, you'll notice the attention to detail in every corner, from the custom kitchens and designer bathrooms to the glass railings both inside and outside. The spacious living rooms and kitchens are perfect for entertaining, while the large bedrooms and bathrooms offer a luxurious retreat. The ample lighting creates an inviting ambiance, making each unit feel like home. Located on a beautiful partially tree-lined street, this property is a standout in the neighborhood. With parking available for all units (excluding the ADU), this property is ideal for renters looking for convenience and luxury which is why Mid City is such an exceptional rental location. The front single family home boasts four bedrooms and four bathrooms, with an anticipated rental income of $5,200 per month. The attached ADU below the single-family home offers one bedroom and one bathroom, with an anticipated rental income of $1,800 per month. The rear duplex units offer both a smaller and larger unit, each with four bedrooms and four bathrooms, with anticipated rental incomes of $4,750 and $4,950 per month, respectively. With an anticipated 5.15% cap rate, investors looking for a prime investment opportunity should look no further than 5526 Blackwelder St. With its custom-designed units, sought-after location, and impressive rental income potential, this property is a wise investment choice. Don't miss out on the chance to own this exceptional property in one of Los Angeles' most desirable neighborhoods.

  • August, 2021

  • Aug 10, 2021

    Date

    Sold

    CRMLS: SR21136165

    $675,000

    Price

  • Jul 23, 2021

    Date

    Pending

    CRMLS: SR21136165

    $800,000

    Price

  • Jul 16, 2021

    Date

    Active Under Contract

    CRMLS: SR21136165

    $800,000

    Price

  • Jul 12, 2021

    Date

    Active

    CRMLS: SR21136165

    $800,000

    Price

  • Jun 30, 2021

    Date

    Active Under Contract

    CRMLS: SR21136165

    $800,000

    Price

  • Jun 23, 2021

    Date

    Active

    CRMLS: SR21136165

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    Located in West Adams, one of the most rapidly growing and hottest sub-markets in Los Angeles with amazing potential! 5526 Blackwelder is an incredible opportunity for owner occupant or investor. This 3bed/1.5bath home is centrally located with easy access to 10 FWY and minutes from Culver City, DTLA, and Expo Line Station. This is a value-add deal, this property contains 844 SF and sits on a 4,800 SF Lot zoned LARD1.5 making it a great development opportunity. Developers may look into possibly taking advantage of the LARD1.5 zoning. There are plenty of opportunities in this property. The property offers ample parking in the oversized driveway. Several recent residential and commercial developments including the Cumulus Project will play a major role in property's appreciation. The whole project is located just north of the La Cienega/Jefferson Expo Line station, which will feature a Whole Foods, shops, restaurants and a 1-acre park! Amazon, Apple and Sony studios are just blocks away and you'll be minutes from upscale restaurants Alta, Mizlala, Delicious Pizza, Vees Cafe and much more.

  • November, 2002

  • Nov 27, 2002

    Date

    Sold (Public Records)

    Public Records

    $155,000

    Price

  • September, 2002

  • Sep 25, 2002

    Date

    Sold (Public Records)

    Public Records

    $110,000

    Price

Show More

Tax History for 5526 Blackwelder St

Assessed Value (2020): $205,251
Year Land Value Improved Value Assessed Value
2020 $164,207 $41,044 $205,251

Home Value Compared to the Market

This property vs the competition

5526 Blackwelder St sold on October 31, 2023 for 143.28% higher 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 $560.18 per/sqft which puts the price per square foot 25.8% lower than the current median sale per square foot for the city of Los Angeles.

About 5526 Blackwelder St

Detailed summary of property

5526 Blackwelder St is a fourplex that recently sold in Los Angeles, CA 90016. This fourplex offered 13 bedrooms, 13 bathrooms, roughly 5,168 living square feet, and sits on an approximately 4,802 square foot lot. 5526 Blackwelder St was first listed on ArdentRealEstateGroup.com on October 31, 2023. The homeowner sold the property for $2,895,000. 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 143.28% higher than the current median priced home. Local homes that are currently for sale include 2937 West Blvd, 1424 Meadowbrook Ave and 4810 Mascot St. 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 5526 Blackwelder St 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 5526 Blackwelder St

Public county record property details
Beds
2
Baths
1
Year built
1922
Sq. Ft.
844
Lot Size
4,800
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
382
APN
5048-020-008

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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