5700 Cimarron St, Los Angeles, CA 90062
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5700 Cimarron St Los Angeles, CA 90062

$829,000
  • 6 Beds
  • 3 Baths
  • 2,614 Sq.Ft.
For Sale
$829,000 Get Pre-Qualified

Map preview of 5700 Cimarron St, Los Angeles, CA 90062

Property Overview: 5700 Cimarron St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,614 living square feet and 5,462 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Don't miss out on the opportunity to own this charming triplex in this desirable area of Los Angeles. smaller units. This property is located in a residential area with other single family homes and smaller units. The buildings consist of two, two bedroom, one bath apartments at 5700-5702 Cimarron and one, two bedroom, one bath detached apartment at 2066 W. 57th Street. The 5700 unit is vacant. All units are separately metered for gas and electricity. The subject properties are located East of Van Ness and North of Slauson. This property is in walking distance to public transportation.

Listed by Ruth Hayles | BRE #00842547 | Ruth A. Hayles, Broker
Last checked: 14 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,462
HOA Dues
$0/mo
Year built
1927
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
24428085
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $966
  • Total Rent: $966
  • Pro Forma/Market Rent: $966
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,874
  • Total Rent: $1,874
  • Pro Forma/Market Rent: $1,874
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0.04%
  • Gross Rent Multiplier: 13.7
  • Gross Scheduled Income: $64,080
  • Net Operating Income: $41,480
  • Gross Operating Income: $64,080
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5700 Cimarron St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Front Yard, Lawn
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5005012013
  • Year Built Source: Assessor
  • Foundation Details: Block
  • Accessibility Features: None
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of Cimarron and 57th Street, East of Van Ness and North of Slauson
View more facts & features

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Sale History for 5700 Cimarron St

View property's historical transactions
  • August, 2024

  • Aug 16, 2024

    Date

    Active

    CRMLS: 24428085

    $879,000

    Price

Tax History for 5700 Cimarron St

Assessed Value (2020): $207,215
Year Land Value Improved Value Assessed Value
2020 $105,609 $101,606 $207,215

Home Value Compared to the Market

This property vs the competition

5700 Cimarron St is listed 30.92% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $317.14 per/sqft which puts the price per square foot 58.71% lower than the median price per square foot for the city of Los Angeles.

About 5700 Cimarron St

Detailed summary of property

5700 Cimarron St is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 2,614 living square feet, and sits on an approximately 5,462 square foot lot. 5700 Cimarron St was first listed on ArdentRealEstateGroup.com on August 16, 2024. The homeowner is currently asking $829,000 and was originally asking $879,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.92% lower than the median priced home. Local competing homes currently for sale include 2716 W 54th St, 5166 S Manhattan Pl and 2317 Hyde Park Blvd. While the average home in Los Angeles, CA is selling in 106 days, 5700 Cimarron St has a days on market of 34 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5700 Cimarron St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5700 Cimarron St

Public county record property details
Beds
6
Baths
3
Year built
1927
Sq. Ft.
2,614
Lot Size
5,460
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
514
APN
5005-012-013

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

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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.