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5611 Huntington Dr, Los Angeles, CA 90032
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5611 Huntington Dr Los Angeles, CA 90032

$1,670,000 Sold Price as of 05/31/2022
  • 12 Beds
  • 8 Baths
  • 5,388 Sq.Ft.
Sold
$1,670,000 Sold Price as of 05/31/2022 Refinance Your Mortgage
Map preview of 5611 Huntington Dr, Los Angeles, CA 90032

Property Overview: 5611 Huntington Dr Los Angeles, CA has 12 bedrooms, 8 bathrooms, 5,388 living square feet and 13,985 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale an eight unit apartment community located at 5611 Huntington Drive North. It is uniquely positioned in the exciting, up-and-coming North East Los Angeles submarket, which is proximate to Highland Park, Echo Park, Silverlake, and Downtown Los Angeles to the West; Arcadia to the East; Monterey Park to the South; and South Pasadena to the North. The property is ten minutes North East of the USC Medical Center and fifteen minutes North East of Downtown Los Angeles, which strategically positions the asset in proximity to strong employment drivers. Situated on a 13,985 square foot parcel, the property comprises of four one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The property offers an investor the opportunity to acquire a rare value-add asset in an emerging market that seldom trades. The investor may utilize a renovation strategy to unlock the 71% rental upside the asset offers. This area is predominately comprised of attractive single-family homes and is surrounded by increasingly popular restaurants and retail, which draws a wide range of creative professional tenants. Its proximity to USC Medical Center and the Biotech Corridor also draws many researchers, students, and young professionals. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns make this asset a strong acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 2 minutes ago | Last updated: June 13th, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
13,985
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22134151
City
Los Angeles
County
Los Angeles
Time on Site
787 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $946
  • Total Rent: $946
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $940
  • Total Rent: $940
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $910
  • Total Rent: $910
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.97
  • Gross Scheduled Income: --
  • Net Operating Income: $57,074
  • Gross Operating Income: $101,774
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5611 Huntington Dr

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5309027012
Location / Neighborhood
Location Information
  • Directions: West of Fremont Avenue, Between 10 and 110 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 5611 Huntington Dr

Last sold for $1,670,000 on May 31st, 2022

  • May, 2022

  • May 31, 2022

    Date

    Sold

    CRMLS: 22134151

    $1,670,000

    Price

  • Mar 7, 2022

    Date

    Active

    CRMLS: 22134151

    $1,660,000

    Price

Tax History for 5611 Huntington Dr

Assessed Value (2020): $248,554
Year Land Value Improved Value Assessed Value
2020 $76,471 $172,083 $248,554

Home Value Compared to the Market

This property vs the competition

5611 Huntington Dr sold on May 31, 2022 for 39.5% 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 $308.09 per/sqft which puts the price per square foot 59.19% lower than the current median sale per square foot for the city of Los Angeles.

About 5611 Huntington Dr

Detailed summary of property

5611 Huntington Dr is a multi family that recently sold in Los Angeles, CA 90032. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 5,388 living square feet, and sits on an approximately 13,985 square foot lot. 5611 Huntington Dr was first listed on ArdentRealEstateGroup.com on March 7, 2022. The homeowner sold the property for $1,670,000. 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 39.5% higher than the current median priced home. Local homes that are currently for sale include 3020 Baldwin St, 3408 N Figueroa St and 1927 Johnston St. While the average home in Los Angeles, CA is selling in 96 days, 5611 Huntington Dr has a days on market of 11 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. For more information on this home for sale at 5611 Huntington Dr Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5611 Huntington Dr

Public county record property details
Beds
--
Baths
--
Year built
1953
Sq. Ft.
5,388
Lot Size
13,985
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
126,127
APN
5309-027-012

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$858,000
Median List Price/Sq.Ft.
$637
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
57
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

Thinking of Selling?

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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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