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5965 West Blvd, Los Angeles, CA 90043
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5965 West Blvd Los Angeles, CA 90043

$740,000
  • 6 Beds
  • 3 Baths
  • 2,135 Sq.Ft.
For Sale
$740,000 Get Pre-Qualified
Map preview of 5965 West Blvd, Los Angeles, CA 90043

Property Overview: 5965 West Blvd Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,135 living square feet and 3,750 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Excellent investment opportunity! Two level Triplex with two separate buildings in highly desirable Park Hills Heights neighborhood. Centrally located near Baldwin Hills, Leimert Park tree lined streets in a vibrant area. The front unit is a one floor, spacious, two bedroom, one bathroom home that has a third room that can be used for office space or a third bedroom. It currently appears as a typical three bedroom apartment, in addition it has a C2 zoning for this extra space. This unit has been completely remodeled with newer laminate floors, kitchen cabinets and countertops. It also has a pantry/utility area with new cabinetry and flooring. There is a small patio connected to the rear entrance. The upstairs unit is a three bedroom and 1 bath apartment. The downstairs unit is a Studio apartment with one bathroom which has an additional room which is not permitted. There have been several upgrades done to the plumbing and the main lines, all four electrical panels have been upgraded and all three units have air conditioning and heat.

Listed by Stephanie Villavicencio | BRE #01320234 | REALTY ONE GROUP MASTERS
Last checked: 8 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 132
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Home details

Lot Sq. Ft
3,750
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Triplex
Status
Active
MLS#
CV23210556
City
Los Angeles
County
Los Angeles
Time on Site
170 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $964
  • Total Rent: $964
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,200
  • Net Operating Income: $50,628
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,100
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $5,100

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Property Details for 5965 West Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Near Public Transit, Park Nearby, Paved, Value In Land, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 4004017004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 110 Freeway south, exit Slauson west. At the intersection of Slauson and West Blvd.
Neighborhood Information
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 5965 West Blvd

Last sold for $699,000 on September 3rd, 2020

  • November, 2023

  • Nov 13, 2023

    Date

    Active

    CRMLS: CV23210556

    $800,000

    Price

  • September, 2020

  • Sep 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $699,000

    Price

  • September, 2020

  • Sep 2, 2020

    Date

    Sold

    CRMLS: PW20117713

    $699,000

    Price

  • Jun 27, 2020

    Date

    Pending

    CRMLS: PW20117713

    $699,000

    Price

  • Jun 18, 2020

    Date

    Active

    CRMLS: PW20117713

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Cashflow Gem - 6% CAP rate with huge upside potential coming with neighborhood revitalization. $56,000 current annual income and growing at 4% annually per local rent control. All tenants have professionally managed lease contracts in place which is perfect for immediate rental income. New owner may choose to renew all lease contracts or may move into one of the units once lease terms expire. Individually metered utilities so landlord only pays water. 1 car port with additional parking in front and in neighborhood. Walking distance to the Florence-West Boulevard Metro depot and couple of miles to the Hollywood Park Entertainment Complex and New LA Rams SoFi Stadium. This is a well maintained property in a highly desirable area of Park Hills Heights, close to LAX, DTLA, Dining and Entertainment. Centrally located to the 405, 110, 10, and 105 freeways and a block to the new Crenshaw Metro Line. The front unit is a 3 bedrooms 1 bathroom which was fully remodeled in 2018. Remodel includes all new flooring throughout, new beautiful cabinets, stainless steel appliances, windows, quartz countertops, tile shower, and modern paint colors. The rear 2 units have 2 bedrooms and 1 bathroom each. The roof was replaced in 2018 and a new boiler in 2020. Mortgage rates are at all time lows so don't miss your chance to lock this in and enjoy positive cashflow for a long time to come. perfect for large families or and income-producing rental.

  • March, 2018

  • Mar 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

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Tax History for 5965 West Blvd

Assessed Value (2020): $577,422
Year Land Value Improved Value Assessed Value
2020 $473,382 $104,040 $577,422

Home Value Compared to the Market

This property vs the competition

5965 West Blvd is listed 40.13% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $346.6 per/sqft which puts the price per square foot 55.16% lower than the median price per square foot for the city of Los Angeles.

About 5965 West Blvd

Detailed summary of property

5965 West Blvd is a triplex located in Los Angeles, CA 90043 and is currently for sale. This triplex offers 6 bedrooms, 3 bathrooms, roughly 2,135 living square feet, and sits on an approximately 3,750 square foot lot. 5965 West Blvd was first listed on ArdentRealEstateGroup.com on November 13, 2023. The homeowner is currently asking $740,000 and was originally asking $800,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 40.13% lower than the median priced home. Local competing homes currently for sale include 5739 S St. Andrews Pl, 4700 S Gramercy Pl and 1745 W 59th Pl. While the average home in Los Angeles, CA is selling in 96 days, 5965 West Blvd has a days on market of 132 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5965 West Blvd 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 5965 West Blvd

Public county record property details
Beds
3
Baths
3
Year built
1941
Sq. Ft.
2,135
Lot Size
3,750
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
4004-017-004

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
$945,000
Median List Price/Sq.Ft.
$588
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%)

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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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