5831 Virginia Ave Los Angeles, CA 90038

$775,007 Sold Price as of 04/02/2014

8 Beds
6 Baths
5,050 Sq.Ft.

Off Market

$775,007 Sold Price as of 04/02/2014 Refinance Your Mortgage

Map preview of 5831 Virginia Ave, Los Angeles, CA 90038

Property Overview: 5831 Virginia Ave Los Angeles, CA has 8 bedrooms, 6 bathrooms, 5,050 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5831 Virginia Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5831 Virginia Ave

Last sold for $775,007 on April 2nd, 2014

August, 2019
Aug 20, 2019

Date

Expired

CRMLS: 19456218

$1,599,000

Price
Aug 19, 2019

Date

Withdrawn

CRMLS: 19456218

$1,599,000

Price
May 14, 2019

Date

Active Under Contract

CRMLS: 19456218

$1,599,000

Price
May 10, 2019

Date

Active

CRMLS: 19456218

$1,599,000

Price
May 10, 2019

Date

Active Under Contract

CRMLS: 19456218

$1,599,000

Price
Apr 17, 2019

Date

Active

CRMLS: 19456218

$1,599,000

Price
Listing provided courtesy of CRMLS

The subject property is a six-unit apartment complex-duplex + fourplex-built in 1959 and located in the Hollywood submarket of Los Angeles. Ideally situated on Virginia Avenue, just north of Santa Monica Blvd between Gower and Wilton, these units average nearly 850 sf each. The improvements are built on a 7,499 square foot lot with a total rentable square footage of 5,050. There are 8 on-site parking spaces as well as on-site laundry. Each well-maintained unit is individually metered for gas and electricity. Development potential is also an option. The property is zoned R3-1, allowing for 9 units, by right. The lot is recognized as Tier 2 under the new TOC Guidelines under Section 6 of Measure JJJ. This allows for a 60% density bonus and less restrictive parking requirements (1 space/ dwelling). With the density bonus, the number of buildable units potentially increases to 15. Loan assumption at 4.3% IO fixed until 2023. Contact LA1 for details.

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April, 2019
Apr 17, 2019

Date

Canceled

CRMLS: 19426780

$1,799,000

Price
Jan 24, 2019

Date

Active

CRMLS: 19426780

$1,799,000

Price
Listing provided courtesy of CRMLS

The subject property is a six-unit apartment complex built in 1959 and located in the Hollywood submarket of Los Angeles. This fully-occupied property boasts a mix of four 2 bedroom, 1 bathroom units and two 1 bedroom, 1 bathroom units. The improvements are built on a 7,499 square foot lot with a total rentable square footage of 5,050. There are 8 on-site parking spaces as well as on-site laundry. Each well maintained unit is individually metered for gas and electricity. Development potential is also an option. The property is zoned R3-1, allowing for 9 units, by right. The lot is recognized as Tier 2 under the new TOC Guidelines under Section 6 of Measure JJJ. This allows for a 60% density bonus and less restrictive parking requirements (1 space/ dwelling). With the density bonus the number of buildable units potentially increases to 15.

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November, 2018
Nov 15, 2018

Date

Expired

CRMLS: 18382064

$1,849,000

Price
Sep 4, 2018

Date

Active

CRMLS: 18382064

$1,849,000

Price
Listing provided courtesy of CRMLS

The subject property is a six-unit apartment complex-duplex + fourplex-built in 1959 and located in the Hollywood submarket of Los Angeles. Ideally situated on Virginia Avenue, just north of Santa Monica Blvd between Gower and Wilton, these units average nearly 850 sf each. This fully-occupied property boasts a mix of four 2 bedroom, 1 bathroom units and two 1 bedroom, 1 bathroom units. The prime location, adjacent to many of Hollywood's big-name studios including Sunset Gower and Sunset Bronson, and the world-famous Hollywood Forever, allows occupants to enjoy all of Hollywood's world-famous entertainment, dining and culture, within close proximity of the comfort of their home. The improvements are built on a 7,499 square foot lot with a total rentable square footage of 5,050. There are 8 on-site parking spaces as well as on-site laundry. Each well maintained unit is individually metered for gas and electricity.

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April, 2014
Apr 2, 2014

Date

Sold (Public Records)

Public Records

$775,007

Price

Tax History for 5831 Virginia Ave

Assessed Value (2020): $868,686

Year	Land Value	Improved Value	Assessed Value
2020	$532,420	$336,266	$868,686

About 5831 Virginia Ave

Detailed summary of property

5831 Virginia Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90038 and last sold on April 2, 2014 for $775,007. This property has 8 bedrooms, 6 bathrooms, roughly 5,050 living square feet, and sits on an approximately 7,499 square foot lot. Homes 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 34.87% lower than the current median priced home. 5831 Virginia Ave was last sold on April 2, 2014 for $775,007. Local nearby listings include 5326 Lemon Grove Ave, 1562 La Baig Ave and 6008 Carlton Way. The average home in Los Angeles, CA is selling in 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 5831 Virginia Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5831 Virginia Ave

Public county record property details

Beds: 8
Baths: 6
Year built: 1959
Sq. Ft.: 5,050
Lot Size: 7,499
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 54
APN: 5534-018-006

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$715,000

Median Sold Price/Sq.Ft.

$659

Total Inventory

Median Sale to List Price %

79.44%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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(714) 706-1823

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