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663 W 23rd St Los Angeles, CA 90007

$1,550,000 Sold Price as of 06/15/2021

10 Beds
8 Baths
4,886 Sq.Ft.

Sold

$1,550,000 Sold Price as of 06/15/2021 Refinance Your Mortgage

Map preview of 663 W 23rd St, Los Angeles, CA 90007

Property Overview: 663 W 23rd St Los Angeles, CA has 10 bedrooms, 8 bathrooms, 4,886 living square feet and 8,266 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 663 W 23rd St. This property consists of 4,886 square feet of living space and 8,226 square feet of total lot space. This site offers RD1.5 zoning with a tier 4 TOC bonus available. The property is subject to HPOZ review. The property used to function as a bed and breakfast with 10 bedrooms and 8 bathrooms Located in the coveted USC DPS Zone, the property provides centralized living to USC, Mt. St. Mary's University, Exposition Park, LA Live, and Downtown Los Angeles. Due to the property's conformance to city rental regulations, it may be possible to take advantage of the unique opportunity to lease out rooms as short-term rentals. The rear area of the property is large enough to build a full-sized ADU (allowable under state law AB-68) for additional income. Buyer to verify the information, broker makes no representations or warranties.

Listed by Daniel Lewin | BRE #01932742 | Dan Lewin, Broker
Co-listed by Rafael Lopez | BRE #02110724 | Dan Lewin, Broker

Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft: 8,266
HOA Dues: $0/mo
Year built: 1908
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW21060156
City: Los Angeles
County: Los Angeles
Time on Site: 1275 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 1
Total # of Buildings: 1
# of Electric Meters: 1
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 10
# of Baths: 8
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $12,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $0
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
New Taxes: $0
Trash: $0
Insurance: $0
Professional Management: $0

Property Details for 663 W 23rd St

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 5

Lot Information

Lot Features: Level
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 1
Parcel Number: 5124032007
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Estella Avenue & W 23rd Street

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Los Angeles Agent

Sale History for 663 W 23rd St

Last sold for $1,550,000 on June 15th, 2021

June, 2021
Jun 15, 2021

Date

Sold

CRMLS: PW21060156

$1,550,000

Price
May 28, 2021

Date

Pending

CRMLS: PW21060156

$1,600,000

Price
Apr 19, 2021

Date

Active Under Contract

CRMLS: PW21060156

$1,600,000

Price
Apr 1, 2021

Date

Active

CRMLS: PW21060156

$1,600,000

Price
March, 2021
Mar 3, 2021

Date

Canceled

CRMLS: 20631946

$1,735,000

Price
Feb 22, 2021

Date

Active Under Contract

CRMLS: 20631946

$1,735,000

Price
Jan 12, 2021

Date

Price Change

CRMLS: 20631946

$1,735,000

Price
Dec 3, 2020

Date

Price Change

CRMLS: 20631946

$1,900,000

Price
Oct 9, 2020

Date

Price Change

CRMLS: 20631946

$1,997,500

Price
Sep 12, 2020

Date

Active

CRMLS: 20631946

$2,145,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this vacant 9-bedroom + 8-bathroom Co-Living/ Boarding House/ Student Housing investment opportunity located at 663 W. 23rd Street, walking distance to the internationally renowned University of Southern California (USC). Consisting of one single structure, this building was constructed of wood frame and stucco on a raised foundation built in 1908, with a square footage of 4,886 on a 8,268-square foot lot. The investment is comprised of a unit mix consisting of (5) 1+1, (1) 2+1, & (1) 2+2 room. The investment was previously ran as a Bed & Breakfast/ Hotel - and boasts spacious floor plans, secured gated entry, on-site laundry & parking for additional income, and updated copper plumbing throughout. The property is 100% vacant, well positioned only 1 block to DASH, and between Downtown Los Angeles and the USC campus & Village. The spacious lot may allow an investor to build (2) ADU's for additional income.

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August, 2020
Aug 24, 2020

Date

Canceled

CRMLS: 20568228

$2,500,000

Price
Apr 28, 2020

Date

Price Change

CRMLS: 20568228

$2,500,000

Price
Apr 13, 2020

Date

Price Change

CRMLS: 20568228

$2,666,500

Price
Apr 3, 2020

Date

Active

CRMLS: 20568228

$2,500,000

Price
Listing provided courtesy of CRMLS

Sold with 657 23rd next door APN # 5124-032-006. Packed full of character, charm and timeless elegance, this is an exciting opportunity to secure a truly remarkable residence. Boasting an expansive layout, 9 large bds with ensuite bathrooms and ample living space. This historically preserved property would make a unique family home or a quality investment. Just a one-mile walk from the USC and Mount Saint Mary's college gives it the potential to be used as student housing. Owner's suite w/ private entrance, living space, bd & ba. Main entrance opens into the lobby & spacious living and formal dining room. Wood floors, high ceilings & an abundance of natural light. Large beautifully-appointed kitchen w/ stainless steel appliances including dual ovens and cooktops. Plenty of storage space and a guest bathroom. Shops & schools are also within easy reach along with the I-10 and I-110. Picturesque parks, public transportation, retail shops, schools & dining all at your fingertips.

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October, 1999
Oct 21, 1999

Date

Sold (Public Records)

Public Records

$210,000

Price

Tax History for 663 W 23rd St

Assessed Value (2020): $330,244

Year	Land Value	Improved Value	Assessed Value
2020	$203,770	$126,474	$330,244

Home Value Compared to the Market

This property vs the competition

663 W 23rd St sold on June 15, 2021 for 42.86% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $327.47 per/sqft which puts the price per square foot 54.77% lower than the current median sale per square foot for the city of Los Angeles.

About 663 W 23rd St

Detailed summary of property

663 W 23rd St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 4,886 living square feet, and sits on an approximately 8,266 square foot lot. 663 W 23rd St was first listed on ArdentRealEstateGroup.com on April 1, 2021. The homeowner sold the property for $1,550,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.86% higher than the current median priced home. Local homes that are currently for sale include 1475 W 28th St, 1387 W 30th St and 1020 S Westlake Ave. While the average home in Los Angeles, CA is selling in 106 days, 663 W 23rd St has a days on market of 15 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 663 W 23rd St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 663 W 23rd St

Public county record property details

Beds: 7
Baths: 7
Year built: 1908
Sq. Ft.: 4,886
Lot Size: 8,266
Stories: --

Type: Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool: No
Spa: No
County: Los Angeles
Lot#: 17,19
APN: 5124-032-007

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,399,999

Median List Price/Sq.Ft.

$550

Median Sold Price

$1,025,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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.