Search
5700 Corbett St, Los Angeles, CA 90016
Image 2 for 5700 Corbett St, Los Angeles, CA 90016
Image 3 for 5700 Corbett St, Los Angeles, CA 90016
View Photos

5700 Corbett St Los Angeles, CA 90016

$2,435,000 Sold Price as of 09/08/2022
  • 12 Beds
  • 8 Baths
  • 6,604 Sq.Ft.
Sold
$2,435,000 Sold Price as of 09/08/2022 Refinance Your Mortgage
Map preview of 5700 Corbett St, Los Angeles, CA 90016

Property Overview: 5700 Corbett St Los Angeles, CA has 12 bedrooms, 8 bathrooms, 6,604 living square feet and 15,740 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great 8 unit property for sale in a prime location! This property consist of four 2BR 1BA and four 1BR 1BA units. All separately metered for gas and electric. Property is located in a desired redevelopment area close to the west side. Units consist of hardwood and tiled floors. There is a separate laundry room next to 8 carports. Property is fully occupied with tenants on month to month leases. Please do not disturb occupants!

Listed by Jihad Abdus-Shakoor | BRE #01308246 | Shakoor Realty
Last checked: 13 minutes ago | Last updated: September 9th, 2022 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
15,740
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
P1-8775
City
Los Angeles
County
Los Angeles
Time on Site
778 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,220
  • Total Rent: $1,220
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 8
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,465
  • Total Rent: $1,465
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 13.9
  • Gross Scheduled Income: $146,400
  • Net Operating Income: $108,800
  • Gross Operating Income: $142,440
  • Laundry Income: $1,500
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $32,140
  • Gas/Fuel: $420
  • Trash: $2,880
  • Gardener: $1,440
  • Insurance: $3,400
  • Professional Management: $0
  • Other Expenses: $24,000
  • Other Expense Description: Water & Lights

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5700 Corbett St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, See Remarks, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood, Tile, Laminate
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: See Remarks
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Detached Carport, Parking Space
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5047019013
  • Year Built Source: Other
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Natural Gas Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: From the 10 frwy go south on Fairfax to La Cienega south of Jefferson to Corbett St, go left(east) to 5700 Corbett St. corner lot.
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Park, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 5700 Corbett St

Last sold for $2,435,000 on September 8th, 2022

  • September, 2022

  • Sep 8, 2022

    Date

    Sold

    CRMLS: P1-8775

    $2,435,000

    Price

  • Mar 24, 2022

    Date

    Active

    CRMLS: P1-8775

    $1,965,000

    Price

Tax History for 5700 Corbett St

Assessed Value (2020): $147,826
Year Land Value Improved Value Assessed Value
2020 $54,051 $93,775 $147,826

Home Value Compared to the Market

This property vs the competition

5700 Corbett St sold on September 8, 2022 for 65.13% 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 $297.55 per/sqft which puts the price per square foot 60.59% lower than the current median sale per square foot for the city of Los Angeles.

About 5700 Corbett St

Detailed summary of property

5700 Corbett St is a apartment that recently sold in Los Angeles, CA 90016. This apartment offered 12 bedrooms, 8 bathrooms, roughly 6,604 living square feet, and sits on an approximately 15,740 square foot lot. 5700 Corbett St was first listed on ArdentRealEstateGroup.com on March 24, 2022. The homeowner sold the property for $2,435,000. 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 65.13% higher than the current median priced home. Local homes that are currently for sale include 1366 S Burnside Ave, 1208 Stearns Dr and 1424 Meadowbrook Ave. While the average home in Los Angeles, CA is selling in 93 days, 5700 Corbett St has a days on market of 28 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5700 Corbett 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 5700 Corbett St

Public county record property details
Beds
12
Baths
8
Year built
1948
Sq. Ft.
6,604
Lot Size
15,740
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5047-019-013

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
75
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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 5700 Corbett St

Nearby Homes for Sale

2915 S Burnside Ave, Los Angeles, CA 90016
$1,995,000
9 Beds
8 Baths
4108 Sq.Ft.
2915 S Burnside Ave
Los Angeles, CA 90016
2942 S Orange Dr, Los Angeles, CA 90016
$2,495,000
3 Beds
2 Baths
1980 Sq.Ft.
2942 S Orange Dr
Los Angeles, CA 90016
2938 S Orange Dr, Los Angeles, CA 90016
$2,495,000
4 Beds
3 Baths
2173 Sq.Ft.
2938 S Orange Dr
Los Angeles, CA 90016
2625 Chariton, Los Angeles, CA 90034
$2,500,000
8 Beds
4 Baths
3452 Sq.Ft.
2625 Chariton
Los Angeles, CA 90034
2621 Chariton St, Los Angeles, CA 90034
$2,600,000
14 Beds
8 Baths
7006 Sq.Ft.
2621 Chariton St
Los Angeles, CA 90034
2615 Chariton St, Los Angeles, CA 90034
$2,500,000
11 Beds
9 Baths
6008 Sq.Ft.
2615 Chariton St
Los Angeles, CA 90034
5134 W Washington Blvd, Los Angeles, CA 90016
$1,999,000
3 Beds
13 Baths
3526 Sq.Ft.
5134 W Washington Blvd
Los Angeles, CA 90016
1831 S Redondo Blvd, Los Angeles, CA 90019
$1,950,000
24 Beds
24 Baths
3720 Sq.Ft.
1831 S Redondo Blvd
Los Angeles, CA 90019
4809 W Adams Blvd, Los Angeles, CA 90016
$2,445,000
225 Beds
60 Baths
3472 Sq.Ft.
4809 W Adams Blvd
Los Angeles, CA 90016
2533 Lucerne Ave, Los Angeles, CA 90016
$2,200,000
12 Beds
6 Baths
5530 Sq.Ft.
2533 Lucerne Ave
Los Angeles, CA 90016
6127 Saturn St, Los Angeles, CA 90035
$2,100,000
28 Beds
24 Baths
5625 Sq.Ft.
6127 Saturn St
Los Angeles, CA 90035
3020 West Blvd, Los Angeles, CA 90016
$2,250,000
4 Beds
6 Baths
3294 Sq.Ft.
3020 West Blvd
Los Angeles, CA 90016

Recently Sold Homes Near 5700 Corbett St

5700 Clemson St, Los Angeles, CA 90016
$2,200,000 Last Sold Price
12 Beds
8 Baths
6604 Sq.Ft.
5700 Clemson St
Los Angeles, CA 90016
2735 Clyde Ave, Los Angeles, CA 90016
$1,310,000 Last Sold Price
3 Beds
3 Baths
1357 Sq.Ft.
2735 Clyde Ave
Los Angeles, CA 90016
2915 Hauser Blvd, Los Angeles, CA 90016
$1,526,000 Last Sold Price
8 Beds
8 Baths
4128 Sq.Ft.
2915 Hauser Blvd
Los Angeles, CA 90016
5513 Homeside Ave, Los Angeles, CA 90016
$990,000 Last Sold Price
6 Beds
3 Baths
1704 Sq.Ft.
5513 Homeside Ave
Los Angeles, CA 90016

Related Resources to 5700 Corbett St

New Listings in 90016
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote