5534 Geer St, Los Angeles, CA 90016
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5534 Geer St Los Angeles, CA 90016

$950,000 Sold Price as of 05/02/2023
  • 3 Beds
  • 2 Baths
  • 1,332 Sq.Ft.
Sold
$950,000 Sold Price as of 05/02/2023 Refinance Your Mortgage

Map preview of 5534 Geer St, Los Angeles, CA 90016

Property Overview: 5534 Geer St Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,332 living square feet and 4,798 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to exclusively offer for sale this sleek Duplex located in the lively West Adams neighborhood of Los Angeles. This 4,798 SF Tier 3 TOC Lot runs adjacent to Culver City and is strategically positioned near Amazon Studios, HBO Headquarters, and the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features a Fully Remodeled Owner’s Unit in the back that will be delivered VACANT. This beautifully designed unit boasts a well-lit and open floor plan, new stainless steel appliances and HVAC system, tasteful finishes and fixtures in both the kitchen and bathroom, and new hardwood/tile flooring throughout. This 793 SF, 1 Bed/1 Bath structure is accompanied by an attached ~160 SF addition (with all the same finishes) that can double as an Office or a 2nd Bdrm. Further, this Back Unit is served by a gated perimeter that provides its occupant w/ a privately secluded, outdoor oasis that is lush with ample outdoor living space, a hip lounge/fireplace area, and gorgeous greenery throughout. In the front half of the lot, there is a detached, 1 Bed/1 Bath Unit that’s been recently renovated and features an open floor plan, laminate flooring, and a large kitchen w/ a breakfast bar and abundant cabinet space. In addition, the tenants have access to a 2-Car Carport and (6) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. Also, there are (2) detached, ~80 SF Storage Units that can most certainly be leveraged for additional income. All in all, the building’s close proximity to USC, DTLA, etc provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, especially as it falls in an “Opportunity Zone”.

Listed by Keaton Quaack | BRE #02172607 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Joshua Barut | BRE #01971720 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
4,798
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
SB23030132
City
Los Angeles
County
Los Angeles
Time on Site
451 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,150
  • Total Rent: $3,150
  • Pro Forma/Market Rent: $3,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.39%
  • Gross Rent Multiplier: 19.14
  • Gross Scheduled Income: $57,480
  • Net Operating Income: $37,281
  • Gross Operating Income: $54,606
  • Vacancy Allowance: $2,874
Annual Expense Breakdown
  • Total Operating Expense: $17,325
  • New Taxes: $13,201
  • Trash: $600
  • Insurance: $799
  • Water/Sewer: $1,000

Property Details for 5534 Geer St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Entry, Kitchen, Living Room, Office, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Freezer, Disposal, Gas Oven, Gas Cooktop, Microwave, Refrigerator
Interior Features
  • Beamed Ceilings, Storage
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
  • Door Features: Double Door Entry
Exterior Features
Exterior Information
  • Lighting, Rain Gutters
  • Has Fence
  • Wood
  • Other Structures: Shed(s), Storage
  • Has Spa
  • Spa Features: Above Ground
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Rectangular Lot, Near Public Transit, Paved, Rocks, Sprinkler System, Sprinklers In Front, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5048024009
  • Year Built Source: Estimated
  • Property is not Attached
  • Accessibility Features: Doors - Swing In, Parking
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Off of Hauser Blvd between Adams & Jefferson
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Gutters, Park, Sidewalks, Urban
View more facts & features

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Sale History for 5534 Geer St

Last sold for $950,000 on May 2nd, 2023
  • May, 2023

  • May 2, 2023

    Date

    Sold

    CRMLS: SB23030132

    $950,000

    Price

  • Feb 23, 2023

    Date

    Active

    CRMLS: SB23030132

    $1,100,000

    Price

  • June, 2017

  • Jun 26, 2017

    Date

    Sold (Public Records)

    Public Records

    $570,000

    Price

  • April, 2016

  • Apr 5, 2016

    Date

    Sold (Public Records)

    Public Records

    $415,000

    Price

Show More

Tax History for 5534 Geer St

Assessed Value (2020): $604,888
Year Land Value Improved Value Assessed Value
2020 $530,604 $74,284 $604,888

Home Value Compared to the Market

This property vs the competition

5534 Geer St sold on May 2, 2023 for 13.87% 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 $769.52 per/sqft which puts the price per square foot 1.92% higher than the current median sale per square foot for the city of Los Angeles.

About 5534 Geer St

Detailed summary of property

5534 Geer St is a duplex that recently sold in Los Angeles, CA 90016. This duplex offered 3 bedrooms, 2 bathrooms, roughly 1,332 living square feet, and sits on an approximately 4,798 square foot lot. 5534 Geer St was first listed on ArdentRealEstateGroup.com on February 23, 2023. The homeowner sold the property for $950,000. 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 13.87% lower than the current median priced home. Local homes that are currently for sale include 3023 Obama Blvd, 4006 W 21st St and 1510 S Bronson Ave. While the average home in Los Angeles, CA is selling in 92 days, 5534 Geer St has a days on market of 35 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 5534 Geer 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 5534 Geer St

Public county record property details
Beds
3
Baths
2
Year built
1966
Sq. Ft.
1,332
Lot Size
4,798
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
182
APN
5048-024-009

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%)

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Related Resources to 5534 Geer St

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.