5726 Aldama St, Los Angeles, CA 90042
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5726 Aldama St Los Angeles, CA 90042

$1,450,000 Sold Price as of 02/25/2022
  • 10 Beds
  • 6 Baths
  • 3,878 Sq.Ft.
Sold
$1,450,000 Sold Price as of 02/25/2022 Refinance Your Mortgage

Map preview of 5726 Aldama St, Los Angeles, CA 90042

Property Overview: 5726 Aldama St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,878 living square feet and 9,974 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale, "The Highland Park Bungalows" a rare 6 Unit Spanish Style Multifamily investment opportunity in North Highland Park one of LA's Hottest Rental Locations! For the first time on the market in 40+ Years, 5726 Aldama St, offers investors a substantial value add opportunity with nearly 135% Upside Potential. 4 of the 6 units are Bungalows each comprised of 2 Bedrooms & 1 Bathroom Units with abundant/secluded yard space! 2 of the 6 units are spacious 1 Bedroom & 1 Bathroom Units situated above garage space. The Highland Park Bungalows are built in 1932/1933 and have a total square footage of 3,878 SF, situated on a lot size of 9,999, and zoned RD2-1-HPOZ. The property is strategically located in a vibrant and lively nightlife scene, minutes to both York & Figueroa's retail corridor which is home to a number of trendy bars, retail, and coffee shops. The Highland Park Bungalows are considered "Very Walkable" with a (87) walk-score, where most errands can be accomplished on foot. This rare opportunity is poised for an astute investor looking to add value on a supply constrained product in a booming area where prices have appreciated Year-over-Year. Minutes to Pasadena, Downtown LA, Eagle Rock, Atwater Village, Silver Lake, Echo Park, "The Highland Park Bungalows" might be a once in a lifetime life opportunity to acquire. Buyer to conduct any/all due diligence including but not limited to the square footage, lot size, and zoning. DO NOT DISTURB TENANT OR WALK ON PROPERTY - DRIVE BY ONLY.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Last checked: 13 minutes ago | Last updated: July 14th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
9,974
HOA Dues
$0/mo
Year built
1932
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21111703
City
Los Angeles
County
Los Angeles
Time on Site
889 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,580
  • Total Rent: $4,580
  • Pro Forma/Market Rent: $11,980
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,165
  • Total Rent: $2,165
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.84
  • Gross Scheduled Income: --
  • Net Operating Income: $47,790
  • Gross Operating Income: $80,131
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5726 Aldama St

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5484019003
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of York Blvd.
View more facts & features

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Sale History for 5726 Aldama St

Last sold for $1,450,000 on February 25th, 2022
  • February, 2022

  • Feb 25, 2022

    Date

    Sold

    CRMLS: 21111703

    $1,450,000

    Price

  • Dec 13, 2021

    Date

    Active

    CRMLS: 21111703

    $1,525,000

    Price

  • February, 2013

  • Feb 4, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5726 Aldama St

Assessed Value (2020): $323,085
Year Land Value Improved Value Assessed Value
2020 $190,054 $133,031 $323,085

Home Value Compared to the Market

This property vs the competition

5726 Aldama St sold on February 25, 2022 for 28.15% 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 $393.24 per/sqft which puts the price per square foot 47.91% lower than the current median sale per square foot for the city of Los Angeles.

About 5726 Aldama St

Detailed summary of property

5726 Aldama St is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 3,878 living square feet, and sits on an approximately 9,974 square foot lot. 5726 Aldama St was first listed on ArdentRealEstateGroup.com on December 13, 2021. The homeowner sold the property for $1,450,000. 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 28.15% higher than the current median priced home. Local homes that are currently for sale include 508 Chestnut Ave, 4727 Lincoln Ave and 4312 Division St. While the average home in Los Angeles, CA is selling in 93 days, 5726 Aldama St has a days on market of 11 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 5726 Aldama St Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5726 Aldama St

Public county record property details
Beds
10
Baths
6
Year built
1932
Sq. Ft.
3,878
Lot Size
9,998
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5484-019-003

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,089,000
Median List Price/Sq.Ft.
$751
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
97
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), 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.