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6029 Tipton Way, Los Angeles, CA 90042
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6029 Tipton Way Los Angeles, CA 90042

$2,075,000 Sold Price as of 07/23/2024
  • 1 Beds
  • 1 Baths
  • 3,657 Sq.Ft.
Sold
$2,075,000 Sold Price as of 07/23/2024 Refinance Your Mortgage
Map preview of 6029 Tipton Way, Los Angeles, CA 90042

Property Overview: 6029 Tipton Way Los Angeles, CA has 1 bedrooms, 1 bathrooms, 3,657 living square feet and 5,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Retail/Residential Mix in the heart of Highland Park at 7035 N Figueroa Ave, currently home to the renowned Discount Mirrors Studio. This unique property blends residential and commercial spaces, perfect for creative professionals, entrepreneurs, and investors. The main building features a professionally designed recording studio, a cozy bachelor studio with a kitchenette, and a prime storefront retail space, ideal for a gallery or boutique.Adding to its allure, the property includes a charming 650 sq ft detached bungalow at 6029 Tipton Way. This bungalow offers versatility as a guest house, rental unit, or private residence, nestled on a quiet street yet just steps from the main building.Located in a vibrant neighborhood, this property is surrounded by popular spots like The York, Kitchen Mouse, Highland Park Bowl, Avenue 50 Studio, The Judson Studios, and Materia. Enjoy trendy cafes, bars, and eateries such as Cafe de Leche, The Hermosillo, and ETA, making it a desirable location for both living and business.With potential rental incomes of $3,000-$3,200/month for an 800+ sq ft gallery space and $2,200-$2,500/month for the bungalow, this property presents a fantastic investment opportunity. The versatile spaces can be reconfigured to suit your needs, offering multiple income streams.Ample street parking is available for tenants, clients, and visitors. New roof on all structures including garage. Updated electrical. New split system heating/cooling in main structure. Don't miss this incredible chance to own a dynamic property in one of Los Angeles' most sought-after neighborhoods, where creativity and opportunity converge! Delivered vacant! DO NOT DISTURB OCCUPANTS.

Listed by Courtney Poulos | BRE #01882678 | ACME Real Estate
Last checked: 5 minutes ago | Last updated: July 23rd, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
5,405
HOA Dues
$0/mo
Year built
1923
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
24394705
City
Los Angeles
County
Los Angeles
Time on Site
122 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $10,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.23
  • Gross Scheduled Income: --
  • Net Operating Income: $15,000
  • Gross Operating Income: $18,700
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6029 Tipton Way

Interior Features
Cooling Information
  • Has Cooling
  • Heat Pump
Heating Information
  • Has Heating
  • Heat Pump
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Single Door, Driveway
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5480012014
  • Architectural Style: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From 134 Figueroa exit, head south toward York, property is on the right side of the street.
View more facts & features

Local Los Angeles Agent

Sale History for 6029 Tipton Way

Last sold for $2,075,000 on July 23rd, 2024

  • July, 2024

  • Jul 23, 2024

    Date

    Sold

    CRMLS: 24394705

    $2,075,000

    Price

  • May 21, 2024

    Date

    Active

    CRMLS: 24394705

    $2,295,000

    Price

  • January, 2022

  • Jan 28, 2022

    Date

    Sold

    CRMLS: 22136685

    $1,590,000

    Price

  • Aug 4, 2021

    Date

    Active

    CRMLS: 22136685

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    Entered for Comps Purposes Only, Sold Before Processing

  • July, 2020

  • Jul 7, 2020

    Date

    Expired

    CRMLS: DW19159626

    $1,900,000

    Price

  • Jan 31, 2020

    Date

    Withdrawn

    CRMLS: DW19159626

    $1,900,000

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: DW19159626

    $1,900,000

    Price

  • Jul 6, 2019

    Date

    Active

    CRMLS: DW19159626

    $2,199,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed use property in an extremely desirable area with a single family home featuring 1 bedroom 1 bathroom with an interior laundry room and a detached 1 car garage. Attached to the property is a commercial building with 4 units that will be delivered vacant located at 7035 N. Figueroa St. The property conveniently has the commercial building facing the main street of Figueroa for the perfect advertising of the businesses while the home is tucked onto the side street Tipton for a bit of privacy. Each unit has its own meter and own point of entry making it ideal for renters. Conveniently located to the 110 freeway and in the up and coming area of Highland Park.

  • June, 2020

  • Jun 26, 2020

    Date

    Expired

    CRMLS: 20549252

    $1,848,999

    Price

  • Feb 13, 2020

    Date

    Active

    CRMLS: 20549252

    $1,848,999

    Price

  • Listing provided courtesy of CRMLS

    Opportunity to own a corner lot mixed use building in the highly sought after Highland Park/Eagle Rock Real Estate market. The main building faces the highly traveled Figueroa St corridor. Seven addresses consist of 3 store fronts, 3 attached single units offices/residences, and 1 detached single family cottage with one car garage. Close proximity to Colorado Bl and the 134 Highway. Property next door at 6027 Tipton also available for purchase MLS# 20-549190

  • July, 1997

  • Jul 25, 1997

    Date

    Sold (Public Records)

    Public Records

    $248,000

    Price

Show More

Tax History for 6029 Tipton Way

Assessed Value (2020): $362,071
Year Land Value Improved Value Assessed Value
2020 $145,995 $216,076 $362,071

Home Value Compared to the Market

This property vs the competition

6029 Tipton Way sold on July 23, 2024 for 104.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $627.56 per/sqft which puts the price per square foot 13.32% lower than the current median sale per square foot for the city of Los Angeles.

About 6029 Tipton Way

Detailed summary of property

6029 Tipton Way is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 1 bedrooms, 1 bathrooms, roughly 3,657 living square feet, and sits on an approximately 5,405 square foot lot. 6029 Tipton Way was first listed on ArdentRealEstateGroup.com on May 21, 2024. The homeowner sold the property for $2,075,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 104.91% higher than the current median priced home. Local homes that are currently for sale include 3020 Baldwin St, 2642 Queen St and 3121 Silver Lake Blvd. While the average home in Los Angeles, CA is selling in 106 days, 6029 Tipton Way has a days on market of 10 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 6029 Tipton Way 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 6029 Tipton Way

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
3,657
Lot Size
5,403
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
49
APN
5480-012-014

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
$995,000
Median List Price/Sq.Ft.
$800
Median Sold Price
$1,210,001
Median Sold Price/Sq.Ft.
$863
Total Inventory
112
Median Sale to List Price %
121.12%
Avg Days on Market
29
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (16.67%), Other (16.67%)

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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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