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616 S Ford Blvd Los Angeles, CA 90022

$580,000 Sold Price as of 07/22/2019

6 Beds
4 Baths
2,162 Sq.Ft.

Sold

$580,000 Sold Price as of 07/22/2019 Refinance Your Mortgage

Map preview of 616 S Ford Blvd, Los Angeles, CA 90022

Property Overview: 616 S Ford Blvd Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,162 living square feet and 6,531 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.

Listed by Sebastian Wolski | BRE #01947480 | Compass
Co-listed by Richard Alvarado | BRE #01987484 | Compass

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft: 6,531
HOA Dues: $0/mo
Year built: 1947
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19476954
City: Los Angeles
County: Los Angeles
Time on Site: 1260 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,025
Total Rent: $1,025
Pro Forma/Market Rent: $1,150

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $900
Total Rent: $900
Pro Forma/Market Rent: $1,000

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,600

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.65%
Gross Rent Multiplier: 11.7
Gross Scheduled Income: --
Net Operating Income: $36,696
Gross Operating Income: $55,500
Improvements Total: $148,578

Annual Expense Breakdown

Total Operating Expense: --
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $1,800
Maintenance: $2,100
Water/Sewer: $6,900

Property Details for 616 S Ford Blvd

Interior Features

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 4
Parcel Number: 5247011003

Location / Neighborhood

Location Information

Directions: South of E 6th, North of Hubbard.

View more facts & features

Local Los Angeles Agent

Sale History for 616 S Ford Blvd

Last sold for $580,000 on July 22nd, 2019

July, 2019
Jul 22, 2019

Date

Sold

CRMLS: 19476954

$580,000

Price
Jul 11, 2019

Date

Pending

CRMLS: 19476954

$650,000

Price
Jun 21, 2019

Date

Active

CRMLS: 19476954

$650,000

Price
Jun 17, 2019

Date

Active Under Contract

CRMLS: 19476954

$650,000

Price
Jun 12, 2019

Date

Active

CRMLS: 19476954

$650,000

Price
July, 2019
Jul 22, 2019

Date

Sold (Public Records)

Public Records

$580,000

Price
September, 1998
Sep 22, 1998

Date

Sold (Public Records)

Public Records

$187,000

Price

Tax History for 616 S Ford Blvd

Assessed Value (2020): $580,000

Year	Land Value	Improved Value	Assessed Value
2020	$380,000	$200,000	$580,000

Home Value Compared to the Market

This property vs the competition

616 S Ford Blvd sold on July 22, 2019 for 42.48% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $300.65 per/sqft which puts the price per square foot 60.13% lower than the current median sale per square foot for the city of Los Angeles.

About 616 S Ford Blvd

Detailed summary of property

616 S Ford Blvd is a multi family that recently sold in Los Angeles, CA 90022. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,162 living square feet, and sits on an approximately 6,531 square foot lot. 616 S Ford Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $580,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.48% lower than the current median priced home. Local homes that are currently for sale include 3721 Wall St, 172 E 43rd ST and 424 E 61st Street. While the average home in Los Angeles, CA is selling in 98 days, 616 S Ford Blvd has a days on market of 30 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 616 S Ford Blvd Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 616 S Ford Blvd

Public county record property details

Beds: 5
Baths: 4
Year built: 1947
Sq. Ft.: 2,162
Lot Size: 6,531
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5247-011-003

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$650,000

Median List Price/Sq.Ft.

$626

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$635

Total Inventory

Median Sale to List Price %

104.65%

Avg Days on Market

Loan Type

Conventional (14.29%), FHA (57.14%), VA (0%), Cash (14.29%), Other (14.29%)

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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.