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5958 7Th Ave, Los Angeles, CA 90043
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5958 7Th Ave Los Angeles, CA 90043

$713,000 Sold Price as of 08/28/2020
  • 5 Beds
  • 2 Baths
  • -- Sq.Ft.
Sold
$713,000 Sold Price as of 08/28/2020 Refinance Your Mortgage
Map preview of 5958 7Th Ave, Los Angeles, CA 90043

Property Overview: 5958 7Th Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, -- living square feet and 4,813 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming, Spanish style duplex, situated on a corner lot - framed with beautiful, mature palm trees. The units are detached and separately metered. Excellent investment opportunity or rent one and live in the other! Updated kitchen, bathrooms and plumbing.Front house (5958 7th street) features 3 bedrooms and 1 bathroom with high vaulted ceilings and a fireplace. The second unit (2815 6oth St.) features 2 bedrooms and 1 bathroom. Both units have a private patio and individual garages. Property is located close to the upcoming Metro Station, the new Rams Stadium and major developments along the Crenshaw Corridor.

Listed by Candace Lazan | BRE #01140282 | Rodeo Realty - Beverly Hills
Last checked: 1 minute ago | Last updated: June 7th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
4,813
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
20589628
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.9
  • Gross Scheduled Income: --
  • Net Operating Income: $43,000
  • Gross Operating Income: $54,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $9,000
  • Maintenance: $500
  • Water/Sewer: $1,500

Virtual Tour

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

Property Details for 5958 7Th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Fireplace(s)
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile, Carpet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Oven
Interior Features
  • Beamed Ceilings
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System
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 Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Single Door, Driveway, Private
Lot Information
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 4005015015
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: Slauson Avenue (north), Hyde Park Blvd (south), Van Ness (east), Crenshaw Blvd (west).
View more facts & features

Local Los Angeles Agent

Sale History for 5958 7Th Ave

Last leased for $3,500 on June 7th, 2023

  • June, 2023

  • Jun 7, 2023

    Date

    Leased

    CRMLS: OC23088871

    $3,500

    Price

  • May 22, 2023

    Date

    Active

    CRMLS: OC23088871

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated beautiful 1920's Spanish home with both historic charm and new age technology. - 3 Bedroom w/ Master Bedroom Suite - 2 Bathroom w/ Marble Tile - Attached Garage - Private Backyard This home has many smart home features: - Central AC and Heat controlled by Nest. - Smart Locks for secure and easy access. - Nest Door Camera. - Nest Smoke Detector. Newly installed Samsung washing machine, Samsung dryer, Bosch dishwasher and Bosch refrigerator The original stained-glass windows and wooden stairs were restored from the 1920's. Owner Pays Water. Renter responsible for gas and electric. Pets allowed with pet security deposit and pet rent. Non-smoking only. Minimum credit score 700 and minimum net income 2.5x rent.

  • August, 2020

  • Aug 28, 2020

    Date

    Sold

    CRMLS: 20589628

    $713,000

    Price

  • Jul 9, 2020

    Date

    Pending

    CRMLS: 20589628

    $699,000

    Price

  • Jun 13, 2020

    Date

    Active

    CRMLS: 20589628

    $699,000

    Price

  • August, 2020

  • Aug 28, 2020

    Date

    Sold (Public Records)

    Public Records

    $713,000

    Price

  • February, 2019

  • Feb 27, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5958 7Th Ave

Assessed Value (2020): $663,000
Year Land Value Improved Value Assessed Value
2020 $510,000 $153,000 $663,000

Home Value Compared to the Market

This property vs the competition

5958 7Th Ave sold on August 28, 2020 for 41.26% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 5958 7Th Ave

Detailed summary of property

5958 7Th Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 5 bedrooms, 2 bathrooms, roughly -- living square feet, and sits on an approximately 4,813 square foot lot. 5958 7Th Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $713,000. 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 41.26% lower than the current median priced home. Local homes that are currently for sale include 1745 W 59th Pl, 1726 W 60th St and 5166 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 92 days, 5958 7Th Ave has a days on market of 27 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. For more information on this home for sale at 5958 7Th 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 5958 7Th Ave

Public county record property details
Beds
5
Baths
2
Year built
1923
Sq. Ft.
1,748
Lot Size
4,812
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
4005-015-015

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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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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