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5846 8Th Ave, Los Angeles, CA 90043
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5846 8Th Ave Los Angeles, CA 90043

$1,050,000 Sold Price as of 07/14/2023
  • 6 Beds
  • 4 Baths
  • 2,347 Sq.Ft.
Sold
$1,050,000 Sold Price as of 07/14/2023 Refinance Your Mortgage
Map preview of 5846 8Th Ave, Los Angeles, CA 90043

Property Overview: 5846 8Th Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,347 living square feet and 4,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: TWO ON ONE LOT! Welcome to 5846 8th Ave. in the desirable Hyde Park neighborhood of Los Angeles, where luxury meets functionality in this stunningly remodeled and newly constructed income property. This property offers two individual homes, a single-family home with three bedrooms and two bathrooms, and a brand new Accessory Dwelling Unit (ADU) addition with three bedrooms and two bathrooms, each with their own unique custom-designed elements.The single-family home features a show-stopping Hunter Green kitchen with gold fixtures, a stunning waterfall countertop with seating for four, and an open floor plan that flows effortlessly into the living and dining areas, making it perfect for entertaining. The bathrooms are elegantly designed with floor-to-ceiling tiles that create a sense of luxury and sophistication.The newly built ADU addition is equally impressive, featuring customized navy-blue cabinets with gold fixtures and 9-foot ceilings, a rare find in this area. The three spacious and inviting bedrooms provide ample space for relaxation and entertainment. Both units are individually metered for water, gas, and electric, making it an ideal income property for an owner-occupant or investor looking for a high-performing asset. With a monthly income of $7,600 and an estimated annual income of $91,200, this income property is an exceptional investment opportunity that should not be missed. Please note that some images have been virtually staged to help you envision the full potential of this amazing property.

Listed by Michael Fitzgerald | BRE #02016898 | Power Brokers
Last checked: 15 minutes ago | Last updated: July 17th, 2023 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23253779
City
Los Angeles
County
Los Angeles
Time on Site
419 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.59
  • Gross Scheduled Income: --
  • Net Operating Income: $72,200
  • Gross Operating Income: $91,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5846 8Th Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Stackable
Room Information
  • Flooring: Laminate
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Concrete
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 4005010013
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: South on Crenshaw, East on Slauson, South on 8th Ave.2
View more facts & features

Local Los Angeles Agent

Sale History for 5846 8Th Ave

Last sold for $1,050,000 on July 14th, 2023

  • July, 2023

  • Jul 14, 2023

    Date

    Sold

    CRMLS: 23252349

    $1,050,000

    Price

  • Mar 20, 2023

    Date

    Active

    CRMLS: 23252349

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 5846 8th Ave. in the coveted Hyde Park neighborhood of Los Angeles. This stunningly remodeled & new construction property boasts a range of custom-designed elements that will make you feel right at home. The SFR home consists of three bedrooms and two bathrooms and has been completely renovated from the studs up. The stunning Hunter Green kitchen cabinets, modern bathrooms, and open floor plan are just a few of the customizations that make this home truly unique. The kitchen is a true showstopper with beautiful Hunter Green cabinets, gold fixtures, and a stunning waterfall countertop with seating for up to four people. The space flows effortlessly into the living and dining rooms, creating a sense of space and ease that is perfect for entertaining or simply enjoying time with family and friends. The bathrooms have been designed with beautiful floor-to-ceiling tiles that exude a sense of luxury and refinement. You'll love the high-end feel that these custom touches bring to the space. The brand new ADU addition in the rear of the property is equally impressive, featuring three bedrooms and two bathrooms, customized navy-blue cabinets with gold fixtures, and 9-foot ceilings (a rare find in this area). All three bedrooms are spacious and inviting, perfect for relaxing and entertaining. Both units are individually metered for water, gas, and electric, which is a rarity for homes like this. This makes the property ideal for an owner-occupant looking to live in one unit and rent out the other, or for an investor seeking a high-performing asset. Don't miss your chance to experience the best of Los Angeles living at 5846 8th Ave. Call our listing agent today to schedule your showing. Please note that some images have been virtually staged to help you envision the full potential of the property.

  • July, 2023

  • Jul 14, 2023

    Date

    Sold

    CRMLS: 23253779

    $1,050,000

    Price

  • Mar 24, 2023

    Date

    Active

    CRMLS: 23253779

    $1,149,000

    Price

  • February, 2023

  • Feb 25, 2023

    Date

    Expired

    CRMLS: 22225885

    $1,149,000

    Price

  • Feb 6, 2023

    Date

    Active

    CRMLS: 22225885

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    This property qualifies for a 3.76% interest rate for Owner Occupants through First Republic Bank's Eagle Community Program. The rate will be increased in 2023, buyer must qualify and confirm with banker. Welcome to 5846 8th, this beautifully remodeled home features many customized elements such as the kitchen and modern bathrooms. The home consists of 3 bedrooms & 2 bathrooms. It was torn down to the studs and completely remodeled. The kitchen cabinets are painted a beautiful Hunter green with gold fixtures and a waterfall countertop that has seating for up to four people. The kitchen flows perfectly into the living room & dining room creating a lovely open flow throughout the home. The ADU in the rear is a brand newly constructed home consisting of 3 bedrooms & 2 bathrooms. The kitchen will have customized navy blue cabinets with gold fixtures. The ceilings stand at 9 ft. which is rare for an ADU in this area. All three bedrooms are quite spacious. The property is perfect for an owner occupant looking to live in one and rent the other, or an investor looking for a great cash flowing asset. Both units are individually metered for water, gas, and electric! Call Listing Agent for showings. Property is 90%-95% finished, expected completion date is end of January. Landscape and hardscape will be competed in a few weeks.

  • April, 2022

  • Apr 28, 2022

    Date

    Sold

    CRMLS: 22115155

    $488,000

    Price

  • Jan 4, 2022

    Date

    Active

    CRMLS: 22115155

    $329,000

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale! . Estate of Mable Starks. This 2 bed; 1 bath Single Family Home features +/-1,147 Sq Ft of living space, +/-4,801 Sq Ft lot, APN: 4005-010-013. The property is in substandard condition. No interior inspections. Boarded Up. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.

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Tax History for 5846 8Th Ave

Assessed Value (2020): $45,223
Year Land Value Improved Value Assessed Value
2020 $23,958 $21,265 $45,223

Home Value Compared to the Market

This property vs the competition

5846 8Th Ave sold on July 14, 2023 for 7.98% lower 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 $466.55 per/sqft which puts the price per square foot 38.2% lower than the current median sale per square foot for the city of Los Angeles.

About 5846 8Th Ave

Detailed summary of property

5846 8Th Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,347 living square feet, and sits on an approximately 4,801 square foot lot. 5846 8Th Ave was first listed on ArdentRealEstateGroup.com on March 24, 2023. The homeowner sold the property for $1,050,000. 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 7.98% lower than the current median priced home. Local homes that are currently for sale include 5419 S St Andrews Pl, 3846 W 58th Pl and 5162 Ruthelen St. While the average home in Los Angeles, CA is selling in 94 days, 5846 8Th Ave has a days on market of 80 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 5846 8Th Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5846 8Th Ave

Public county record property details
Beds
2
Baths
1
Year built
1941
Sq. Ft.
1,147
Lot Size
4,800
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
4005-010-013

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 5846 8Th Ave

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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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