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622 Maltman Ave, Los Angeles, CA 90026
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622 Maltman Ave Los Angeles, CA 90026

$1,299,000
  • 3 Beds
  • 2 Baths
  • 2,161 Sq.Ft.
For Sale
$1,299,000 Get Pre-Qualified
Map preview of 622 Maltman Ave, Los Angeles, CA 90026

Property Overview: 622 Maltman Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 2,161 living square feet and 7,506 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: Beautiful Silver Lake craftsman home brimming with character and tons of potential. Situated on a spacious 7,500 sqft R3 lot, this legal duplex comes with a plethora of options for any buyer: perfect as a starter home for an owner user looking to live in the main home and rent out the 2nd unit for extra income, renovate both units and re-lease at full market rents with the ability to convert the existing 2-car garage into an ADU, or build 9 brand new multifamily units or more using state density bonuses. The front house, 2 bd/1 bath ~1,500 sqft, is spacious & charming with loads of character & original features, while the back house is a 1 bd/1 bath ~700 sqft, recently rented out for $2,800/month! Both units feature their own in-unit washer dryer. Lots of private outdoor space for both units full of greenery with stunning views of all of LA. Located in the heart of Silver Lake within walking distance to all the trendy dining, coffee shops, shopping, and entertainment spots on Sunset Blvd. Property is also situated within close proximity to Echo Park, Koreatown, Downtown LA, the 101 Freeway, and so much more. Both units will be delivered vacant at closing! Do not miss this opportunity to purchase a true gem in one of LA's hottest neighborhoods at an affordable entry price. Contact listing agent for more details or to schedule a showing!

Listed by Daniel Shamooelian | BRE #01984269 | Keller Williams Beverly Hills
Last checked: 10 minutes ago | Last updated: September 15th, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,506
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24435917
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 15.3
  • Gross Scheduled Income: --
  • Net Operating Income: $63,000
  • Gross Operating Income: $84,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 622 Maltman Ave

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Property Details for 622 Maltman Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • Total # of Units: 2
  • Parcel Number: 5401005007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Hoover St, West of Silver Lake Blvd, North of 101 Freeway, South of Marathon St
View more facts & features

Local Los Angeles Agent

Sale History for 622 Maltman Ave

View property's historical transactions

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: 24435917

    $1,299,000

    Price

Tax History for 622 Maltman Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

622 Maltman Ave is listed 8.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $601.11 per/sqft which puts the price per square foot 21.73% lower than the median price per square foot for the city of Los Angeles.

About 622 Maltman Ave

Detailed summary of property

622 Maltman Ave is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 3 bedrooms, 2 bathrooms, roughly 2,161 living square feet, and sits on an approximately 7,506 square foot lot. 622 Maltman Ave was first listed on ArdentRealEstateGroup.com on September 5, 2024. The homeowner is currently asking $1,299,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.25% higher than the median priced home. Local competing homes currently for sale include 833 N Vendome St, 2849 Council St and 4121 Gateway Ave. While the average home in Los Angeles, CA is selling in 106 days, 622 Maltman Ave has a days on market of 12 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 622 Maltman Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 622 Maltman Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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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