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6401 Converse Ave, Los Angeles, CA 90001
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6401 Converse Ave Los Angeles, CA 90001

$1,195,000
  • 8 Beds
  • 5 Baths
  • 3,224 Sq.Ft.
For Sale
$1,195,000 Get Pre-Qualified
Map preview of 6401 Converse Ave, Los Angeles, CA 90001

Property Overview: 6401 Converse Ave Los Angeles, CA has 8 bedrooms, 5 bathrooms, 3,224 living square feet and 14,290 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: Here we have a nice 5 units, consisting of 3 - 2bed 1 bath units & 2 - 1 bed 1 bath units on a huge double lot of 14,290 sqft. 4 units are on the left side of the lot with 4 one car garages in the rear of the lot with alley access. Two front units are of 2 bed and the rear units are 1 bed. The unit to the right is the larger 2 bed unit and has sits on its own lot separated by a fence. All with separate gas & electric meters. All units are occuppied. This property has lots of potential with the double lot and rents have upside. Please do not disturb teants. Interior pictures of all the units in supplements.

Listed by Louie Olvera | BRE #01024643 | Homequest Real Estate
Last checked: 4 minutes ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
14,290
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
PW24074864
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 4
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # 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: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $55,200
  • Net Operating Income: $26,984
  • Gross Operating Income: $55,200
Annual Expense Breakdown
  • Total Operating Expense: $28,216
  • New Taxes: $14,937
  • Trash: $0
  • Insurance: $2,000
  • Maintenance: $9,325
  • Professional Management: $0
  • Water/Sewer: $1,954

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Property Details for 6401 Converse Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 6010030022
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Gage ave & West of Holmes ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 6401 Converse Ave

View property's historical transactions

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: PW24074864

    $1,195,000

    Price

Tax History for 6401 Converse Ave

Assessed Value (2020): $386,045
Year Land Value Improved Value Assessed Value
2020 $173,288 $212,757 $386,045

Home Value Compared to the Market

This property vs the competition

6401 Converse Ave is listed 2.45% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $370.66 per/sqft which puts the price per square foot 52.11% lower than the median price per square foot for the city of Los Angeles.

About 6401 Converse Ave

Detailed summary of property

6401 Converse Ave is a apartment located in Los Angeles, CA 90001 and is currently for sale. This apartment offers 8 bedrooms, 5 bathrooms, roughly 3,224 living square feet, and sits on an approximately 14,290 square foot lot. 6401 Converse Ave was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $1,195,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.45% lower than the median priced home. Local competing homes currently for sale include 1267 E 56th St, 827 E 74th St and 1142 Nadeau St. While the average home in Los Angeles, CA is selling in 96 days, 6401 Converse Ave has a days on market of 17 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 6401 Converse Ave Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6401 Converse Ave

Public county record property details
Beds
8
Baths
5
Year built
1924
Sq. Ft.
3,224
Lot Size
14,286
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12,14
APN
6010-030-022

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$589,999
Median List Price/Sq.Ft.
$540
Median Sold Price
$575,000
Median Sold Price/Sq.Ft.
$506
Total Inventory
31
Median Sale to List Price %
100%
Avg Days on Market
49
Loan Type
Conventional (28.57%), FHA (28.57%), 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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