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6031 8Th Ave, Los Angeles, CA 90043
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6031 8Th Ave Los Angeles, CA 90043

$1,350,000 Sold Price as of 07/11/2022
  • 16 Beds
  • 16 Baths
  • 2,756 Sq.Ft.
Sold
$1,350,000 Sold Price as of 07/11/2022 Refinance Your Mortgage
Map preview of 6031 8Th Ave, Los Angeles, CA 90043

Property Overview: 6031 8Th Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 2,756 living square feet and 15,168 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to own a Quadruplex unit in Hyde Park Area of Los Angeles. Property features 4, 1 bedroom, 1 bath Units, 2756 Sq ft of living space on hugh 15,168 sq. ft lot zoned LAR3. Tremendous opportunity to for development. Located in close proximity to Hollywood Park Entertainment District, Sofi Stadium & anticipated Crenshaw metro Line.

Listed by Kenneth Bryant | BRE #01748212 | New Canaan Realty
Last checked: 8 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
15,168
HOA Dues
$0/mo
Year built
1951
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
IN22030098
City
Los Angeles
County
Los Angeles
Time on Site
823 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $6,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $22,800
  • Net Operating Income: $17,712
  • Gross Operating Income: $22,800
Annual Expense Breakdown
  • Total Operating Expense: $5,088
  • New Taxes: $5,088
  • Trash: $0
  • Insurance: $3,475

Property Details for 6031 8Th Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Levels: Two
  • Window Features: Screens
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 4006001019
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Assume
Location / Neighborhood
Location Information
  • Directions: East of Crenshaw
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 6031 8Th Ave

Last sold for $1,350,000 on July 11th, 2022

  • February, 2022

  • Feb 24, 2022

    Date

    Active Under Contract

    CRMLS: IN22030098

    $1,300,000

    Price

  • Feb 15, 2022

    Date

    Active

    CRMLS: IN22030098

    $1,300,000

    Price

  • May, 2001

  • May 18, 2001

    Date

    Sold (Public Records)

    Public Records

    $180,000

    Price

  • June, 1999

  • Jun 15, 1999

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

Show More

Tax History for 6031 8Th Ave

Assessed Value (2020): $351,327
Year Land Value Improved Value Assessed Value
2020 $199,775 $151,552 $351,327

Home Value Compared to the Market

This property vs the competition

6031 8Th Ave sold on July 11, 2022 for 9.24% higher 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 $471.7 per/sqft which puts the price per square foot 37.52% lower than the current median sale per square foot for the city of Los Angeles.

About 6031 8Th Ave

Detailed summary of property

6031 8Th Ave is a fourplex that recently sold in Los Angeles, CA 90043. This fourplex offered 16 bedrooms, 16 bathrooms, roughly 2,756 living square feet, and sits on an approximately 15,168 square foot lot. 6031 8Th Ave was first listed on ArdentRealEstateGroup.com on February 15, 2022. The homeowner sold the property for $1,350,000. 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 9.24% higher than the current median priced home. Local homes that are currently for sale include 3815 Don Tomaso Dr, 3968 Arlington Ave and 1901 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 92 days, 6031 8Th Ave has a days on market of 8 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 6031 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 6031 8Th Ave

Public county record property details
Beds
4
Baths
4
Year built
1951
Sq. Ft.
2,756
Lot Size
15,168
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,11
APN
4006-001-019

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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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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