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6723 Makee Ave Los Angeles, CA 90001

$722,000 Sold Price as of 04/28/2021

6 Beds
3 Baths
2,637 Sq.Ft.

Sold

$722,000 Sold Price as of 04/28/2021 Refinance Your Mortgage

Map preview of 6723 Makee Ave, Los Angeles, CA 90001

Property Overview: 6723 Makee Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,637 living square feet and 7,397 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great income opportunity located in one of LA’s hottest rental markets. This TRIPLEX offers three separate buildings. 2 bedrooms & 1 bath at each unit boasts a spacious living area, hardwood floors, and great natural light. Exterior features include 3 private garages, guest parking, an outdoor patio/yard, and a garden. Strong rental income, low maintenance, with room for upside in rental income. Some system upgrades. Fantastic owner/user potential. All units are separately metered for gas and electricity. Prime Location in Los Angeles near Downtown LA, Staples Center, LA Live, Metro Expo Line, 10/110 Freeways, Florence Ave, Restaurants, & Shops. Great booming location!

Listed by Armando Martinez | BRE #01714978 | 24 Hour Real Estate

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft: 7,397
HOA Dues: $0/mo
Year built: 1964
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: DW21043862
City: Los Angeles
County: Los Angeles
Time on Site: 1198 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 3
# of Leased Units: 3
# of Electric Meters: 3
# 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: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,850

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,125
Total Rent: $1,125
Pro Forma/Market Rent: $1,850

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,125
Total Rent: $1,125
Pro Forma/Market Rent: $1,850

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $4,225
Net Operating Income: $50,700
Gross Operating Income: --
# of Rented Garages: 3
Garage Rental Rate: $300
Garage Rental Income: $900
Other Income 1: $825
Other Income Description: 4th unit added with fronthouse

Annual Expense Breakdown

Total Operating Expense: $0
New Taxes: $10,000
Trash: $900
Insurance: $1,100
Water/Sewer: $0

Property Details for 6723 Makee Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 6
Has Parking
Parking Features: Converted Garage, Driveway, Garage - Three Door, Gated, Off Street

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 3
Parcel Number: 6010034028
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Florence Ave & Makee Ave

Neighborhood Information

Community Features: Sidewalks, Street Lights, Suburban

View more facts & features

Local Los Angeles Agent

Sale History for 6723 Makee Ave

Last sold for $722,000 on April 28th, 2021

April, 2021
Apr 28, 2021

Date

Sold

CRMLS: DW21043862

$722,000

Price
Apr 5, 2021

Date

Pending

CRMLS: DW21043862

$799,000

Price
Mar 10, 2021

Date

Price Change

CRMLS: DW21043862

$799,000

Price
Mar 3, 2021

Date

Active

CRMLS: DW21043862

$825,000

Price
November, 2019
Nov 1, 2019

Date

Expired

CRMLS: CV19163195

$670,000

Price
Oct 16, 2019

Date

Hold

CRMLS: CV19163195

$670,000

Price
Oct 16, 2019

Date

Active

CRMLS: CV19163195

$670,000

Price
Sep 16, 2019

Date

Hold

CRMLS: CV19163195

$670,000

Price
Sep 5, 2019

Date

Active

CRMLS: CV19163195

$670,000

Price
Aug 15, 2019

Date

Hold

CRMLS: CV19163195

$670,000

Price
Jul 10, 2019

Date

Active

CRMLS: CV19163195

$670,000

Price
Listing provided courtesy of CRMLS

TRIPLEX PROPERTY EACH WITH ITS OWN INDIVIDUAL GARAGE AND PARKING SPACE. PROPERTY IS TRIPLEX BUT SHOWS AS A FOURPLEX. THREE OF THE UNITS SHOW AS 2 BEDROOM 1 BATH THE FOURTH UNIT FEATURES 1 BEDROOM 1 BATH. EACH UNIT HAS ITS OWN INDIVIDUAL AREA FOR STORAGE OR JUST FOR OUTSIDE BBQ/ GATHERING. GREAT POTENTIAL!!

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July, 2019
Jul 7, 2019

Date

Canceled

CRMLS: CV19078376

$675,000

Price
Jun 15, 2019

Date

Price Change

CRMLS: CV19078376

$675,000

Price
Apr 9, 2019

Date

Active

CRMLS: CV19078376

$685,000

Price
Listing provided courtesy of CRMLS

TRIPLEX PROPERTY EACH WITH ITS OWN INDIVIDUAL GARAGE AND PARKING SPACE. PROPERTY IS TRIPLEX BUT SHOWS AS A FOURPLEX. THREE OF THE UNITS SHOW AS 2 BEDROOM 1 BATH THE FOURTH UNIT FEATURES 1 BEDROOM 1 BATH. EACH UNIT HAS ITS OWN INDIVIDUAL AREA FOR STORAGE OR JUST FOR OUTSIDE BBQ/ GATHERING. GREAT POTENTIAL!!

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February, 2006
Feb 28, 2006

Date

Sold (Public Records)

Public Records

--

Price
December, 2004
Dec 28, 2004

Date

Sold (Public Records)

Public Records

$405,000

Price

Tax History for 6723 Makee Ave

Assessed Value (2020): $454,957

Year	Land Value	Improved Value	Assessed Value
2020	$252,095	$202,862	$454,957

Home Value Compared to the Market

This property vs the competition

6723 Makee Ave sold on April 28, 2021 for 29.29% 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 $303 per/sqft which puts the price per square foot 59.81% lower than the current median sale per square foot for the city of Los Angeles.

About 6723 Makee Ave

Detailed summary of property

6723 Makee Ave is a multi family that recently sold in Los Angeles, CA 90001. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,637 living square feet, and sits on an approximately 7,397 square foot lot. 6723 Makee Ave was first listed on ArdentRealEstateGroup.com on March 3, 2021. The homeowner sold the property for $722,000. 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 29.29% lower than the current median priced home. Local homes that are currently for sale include 7818 Avalon Blvd, 8405 Mckinley Ave and 731 E 84th St. While the average home in Los Angeles, CA is selling in 94 days, 6723 Makee Ave has a days on market of 34 days. There are currently 3859 homes for sale in the Los Angeles real estate market and 2609 of them are single family homes while 1145 of them are condos and 99 are townhomes. For more information on this home for sale at 6723 Makee 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 6723 Makee Ave

Public county record property details

Beds: 6
Baths: 3
Year built: 1964
Sq. Ft.: 2,637
Lot Size: 7,397
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20,22
APN: 6010-034-028

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

$600,000

Median List Price/Sq.Ft.

$555

Median Sold Price

$670,000

Median Sold Price/Sq.Ft.

$474

Total Inventory

Median Sale to List Price %

103.08%

Avg Days on Market

Loan Type

Conventional (37.5%), FHA (62.5%), 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.