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623 S Mcdonnell Ave, Los Angeles, CA 90022
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623 S Mcdonnell Ave Los Angeles, CA 90022

$724,999
  • 3 Beds
  • 2 Baths
  • 1,576 Sq.Ft.
For Sale
$724,999 Get Pre-Qualified

Property Overview: 623 S Mcdonnell Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,576 living square feet and 6,796 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: Discover this fantastic investment opportunity with two detached units in a prime rental neighborhood of Los Angeles. The front unit offers a cozy 2 bedrooms and 1 bathroom, while the back unit provides a comfortable 1 bedroom and 1 bathroom. Tenants benefit from ample parking and convenient laundry hookups. Tenants cover their own electricity and gas, & water. Despite excellent property management by the owner, rental rates have remained conservative, presenting the next owner with incredible potential for increased income. Perfectly located just minutes from transportation, freeways, restaurants, shopping, and much more

Listed by Jerry Mercado | BRE #02112259 | Realty Executives Com. & Res.
Last checked: 10 minutes ago | Last updated: June 16th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
6,796
HOA Dues
$0/mo
Year built
1927
Garage
1 Car
Property Type:
Duplex
Status
Active
MLS#
DW24121394
City
Los Angeles
County
Los Angeles
Time on Site
10 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,630
  • Total Rent: $1,630
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,251
  • Total Rent: $2,251
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $46,572
  • Net Operating Income: $36,787
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,785
  • Gas/Fuel: $0
  • New Taxes: $9,135
  • Trash: $0
  • Insurance: $650
  • Water/Sewer: $0

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Property Details for 623 S Mcdonnell Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5247015030
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 623 S McDonnell & E 6th St.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 623 S Mcdonnell Ave

Last sold for $225,000 on July 16th, 2010

  • June, 2024

  • Jun 15, 2024

    Date

    Active

    CRMLS: DW24121394

    $724,999

    Price

  • July, 2010

  • Jul 16, 2010

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

  • December, 2009

  • Dec 15, 2009

    Date

    Sold (Public Records)

    Public Records

    $377,483

    Price

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Tax History for 623 S Mcdonnell Ave

Assessed Value (2020): $263,574
Year Land Value Improved Value Assessed Value
2020 $175,717 $87,857 $263,574

Home Value Compared to the Market

This property vs the competition

623 S Mcdonnell Ave is listed 41.95% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $460.02 per/sqft which puts the price per square foot 40.87% lower than the median price per square foot for the city of Los Angeles.

About 623 S Mcdonnell Ave

Detailed summary of property

623 S Mcdonnell Ave is a duplex located in Los Angeles, CA 90022 and is currently for sale. This duplex offers 3 bedrooms, 2 bathrooms, roughly 1,576 living square feet, and sits on an approximately 6,796 square foot lot. 623 S Mcdonnell Ave was first listed on ArdentRealEstateGroup.com on June 15, 2024. The homeowner is currently asking $724,999. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.95% lower than the median priced home. Local competing homes currently for sale include 649 S Eastman Ave, 4032 City Terrace Dr and 851 E 32nd St. While the average home in Los Angeles, CA is selling in 98 days, 623 S Mcdonnell Ave has a days on market of 11 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 623 S Mcdonnell Ave 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 623 S Mcdonnell Ave

Public county record property details
Beds
3
Baths
2
Year built
1927
Sq. Ft.
1,576
Lot Size
6,794
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5247-015-030

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
22
Median Sale to List Price %
104.65%
Avg Days on Market
25
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.

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