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565 Margaret Ave, Los Angeles, CA 90022
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565 Margaret Ave Los Angeles, CA 90022

$835,000 Sold Price as of 06/04/2021
  • 6 Beds
  • 3 Baths
  • 2,162 Sq.Ft.
Sold
$835,000 Sold Price as of 06/04/2021 Refinance Your Mortgage
Map preview of 565 Margaret Ave, Los Angeles, CA 90022

Property Overview: 565 Margaret Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,162 living square feet and 5,351 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property features three 2bed/1bath units. Front Building consist of two units with 2 bedrooms and 1 bathroom all with hardwood floors, newer kitchen cabinets with granite counters, windows, bathrooms. Detached rear unit is the newest unit with a 2 bedroom 1 bath also redone with newer windows, electrical panel, flooring, kitchen cabinets, granite counters. Storage for front units located in back. Conveniently located near shopping, parks, schools, and freeway. Water is currently paid by tenants. Front units have newer heaters and a newer water heater. Every unit comes with washer and dryer hook up inside. Front yard is currently maintained by front unit. They are fully occupied in high demand area. All tenants are on month by month lease. Cap rate over 5%. No Rent Control!

Listed by Jing Li | BRE #01864986 | Treelane Realty Group Inc.
Last checked: 32 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
5,351
HOA Dues
$0/mo
Year built
1925
Garage
1 Car
Property Type:
Apartment
Status
Sold
MLS#
AR21063113
City
Los Angeles
County
Los Angeles
Time on Site
1192 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,335
  • Total Rent: $1,335
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $43,000
  • Gross Operating Income: $54,000
Annual Expense Breakdown
  • Total Operating Expense: $11,143
  • New Taxes: $10,312
  • Trash: $0
  • Insurance: $831
  • Water/Sewer: $0

Property Details for 565 Margaret Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
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
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Estimated
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: End Unit, No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6341020024
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Cross Streets: 6th
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 565 Margaret Ave

Last sold for $835,000 on June 4th, 2021

  • June, 2021

  • Jun 4, 2021

    Date

    Sold

    CRMLS: AR21063113

    $835,000

    Price

  • May 27, 2021

    Date

    Pending

    CRMLS: AR21063113

    $825,000

    Price

  • May 23, 2021

    Date

    Active Under Contract

    CRMLS: AR21063113

    $825,000

    Price

  • May 9, 2021

    Date

    Hold

    CRMLS: AR21063113

    $825,000

    Price

  • May 1, 2021

    Date

    Active

    CRMLS: AR21063113

    $825,000

    Price

  • Apr 21, 2021

    Date

    Active Under Contract

    CRMLS: AR21063113

    $825,000

    Price

  • Apr 12, 2021

    Date

    Hold

    CRMLS: AR21063113

    $825,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: AR21063113

    $825,000

    Price

  • October, 2014

  • Oct 20, 2014

    Date

    Sold (Public Records)

    Public Records

    $526,000

    Price

  • November, 2013

  • Nov 6, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 565 Margaret Ave

Assessed Value (2020): $578,037
Year Land Value Improved Value Assessed Value
2020 $329,680 $248,357 $578,037

Home Value Compared to the Market

This property vs the competition

565 Margaret Ave sold on June 4, 2021 for 26.99% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $381.59 per/sqft which puts the price per square foot 49.39% lower than the current median sale per square foot for the city of Los Angeles.

About 565 Margaret Ave

Detailed summary of property

565 Margaret Ave is a apartment that recently sold in Los Angeles, CA 90022. This apartment offered 6 bedrooms, 3 bathrooms, roughly 2,162 living square feet, and sits on an approximately 5,351 square foot lot. 565 Margaret Ave was first listed on ArdentRealEstateGroup.com on March 26, 2021. The homeowner sold the property for $835,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 26.99% lower than the current median priced home. Local homes that are currently for sale include 3045 E 5th St, 2814 Wabash Ave and 2809 Folsom St. While the average home in Los Angeles, CA is selling in 99 days, 565 Margaret Ave has a days on market of 36 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 565 Margaret Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 565 Margaret Ave

Public county record property details
Beds
5
Baths
3
Year built
1925
Sq. Ft.
2,162
Lot Size
5,351
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
293
APN
6341-020-024

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$635
Total Inventory
24
Median Sale to List Price %
104.65%
Avg Days on Market
25
Loan Type
Conventional (14.29%), FHA (57.14%), VA (0%), Cash (14.29%), Other (14.29%)

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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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