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715 Lorraine Blvd, Los Angeles, CA 90005
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715 Lorraine Blvd Los Angeles, CA 90005

$1,525,000 Sold Price as of 03/15/2023
  • 6 Beds
  • 6 Baths
  • 3,252 Sq.Ft.
Sold
$1,525,000 Sold Price as of 03/15/2023 Refinance Your Mortgage
Map preview of 715 Lorraine Blvd, Los Angeles, CA 90005

Property Overview: 715 Lorraine Blvd Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,252 living square feet and 5,272 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FIXER!!FIXER!! FIXER!! The prime location of spacious 2Unit Duplex is located in the heart of Hancock Park. Built in 1923 & LAR3 Zoning, this duplex features a Spanish exterior & 5,272 sf of vacancy which allows a perfect opportunity for an owner-user to occupy or for a pure investor to enhance income through leasing in a low vacancy area. Only a short walking distance to the New Metro Purple Line stop, the Harold A Henry Park, and 1.1 miles to Larchmont Village! Each unit has 2 bedrooms & 2 bathrooms & den, Total of 4 Beds & 4 baths. Two parking garages The property is located in an HPOZ. The property has great potential but needs TLC. The seller will not warrant nor repair. This Unit is conveniently located near familiar restaurants and shops along with markets for groceries. Close to 10 freeway and LACMA & The Grove & Beverly Hills.

Listed by Kay Kyung Park | BRE #01268123 | Dream Realty Asset Mgt, Inc.
Last checked: 7 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
5,272
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23234623
City
Los Angeles
County
Los Angeles
Time on Site
480 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 715 Lorraine Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Gravity
Laundry Information
  • Has Laundry
  • Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Property Information
  • Total # of Units: 2
  • Parcel Number: 5090031016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: S.of Wilshire and W. of Crenshaw
View more facts & features

Local Los Angeles Agent

Sale History for 715 Lorraine Blvd

Last leased for $3,900 on April 10th, 2024

  • April, 2024

  • Apr 10, 2024

    Date

    Leased

    CRMLS: PW24028411

    $3,900

    Price

  • Feb 14, 2024

    Date

    Active

    CRMLS: PW24028411

    $4,200

    Price

  • Listing provided courtesy of CRMLS

    **************************************Completed Remodel Historic Duplex ******************************** 2BR + Den, 2BA, Upstairs available, New Heating & AC, New Drywall & Painting, New electric wire & new drain system. New Roof. New wood flooring thru out. Spacious open floor interior. 1Car Garage with private electric charger for electric car. Two stairs of front & back for convenient two access. Separate Dining room, Hookup Washer & Dryer. Large living room with a balcony. New dish washer. Very quite neighbor & close restaurants & shopping, Park etc

  • March, 2023

  • Mar 15, 2023

    Date

    Sold

    CRMLS: 23234623

    $1,525,000

    Price

  • Jan 23, 2023

    Date

    Active

    CRMLS: 23234623

    $1,599,000

    Price

  • August, 2022

  • Aug 16, 2022

    Date

    Canceled

    CRMLS: 22143527

    $1,590,000

    Price

  • Apr 5, 2022

    Date

    Active

    CRMLS: 22143527

    $1,590,000

    Price

  • Listing provided courtesy of CRMLS

    FIXER!!FIXER!! FIXER!! The prime location of the spacious 2Unit Duplex is located in the heart of Hancock Park. Built-in 1923 & LAR3 Zoning, this duplex features a Spanish exterior & 5,272 sf of vacancy which allows a perfect opportunity for an owner-user to occupy or for a pure investor to enhance income through leasing in a low vacancy area. Only a short walking distance to the New Metro Purple Line stop, the Harold A Henry Park, and 1.1 miles to Larchmont Village! Each unit has 2 bedrooms & 2 bathrooms & den, Total of 4 Beds & 4 baths. The property is located in an HPOZ. The property has great potential but needs TLC. The seller will not warrant nor repair. This Unit is conveniently located near familiar restaurants and shops along with markets for groceries. Close to 10 freeway and LACMA & The Grove & Beverly Hills.

  • April, 2022

  • Apr 5, 2022

    Date

    Canceled

    CRMLS: 22134127

    $1,599,000

    Price

  • Mar 7, 2022

    Date

    Active

    CRMLS: 22134127

    $1,599,000

    Price

  • Listing provided courtesy of CRMLS

    Fixer!! Fixer!!Prime location of spacious 2Unit Duplex located in the heart of Hancock Park. Built-in 1923 & LAR3 Zoning, this duplex features Spanish exterior & 5,272 sf of vacancy which allows a perfect opportunity for an owner-user to occupy or for a pure investor to enhance income through leasing in a low vacancy area. Only a short walking distance to the New Metro Purple Line stop, the Harold A Henry Park, and 1.1 miles to Larchmont Village! Each unit has 2 bedrooms & 2 bathrooms & den, Total of 4 Beds & 4 baths. The property is located in an HPOZ. Property has great potential but needs TLC. The seller will not warrant nor repair .This Unit is conveniently located near familiar restaurants and shops along with markets for groceries. Close to 10 freeway and LACMA & The Grove & Beverly Hills.

  • September, 2020

  • Sep 19, 2020

    Date

    Sold

    CRMLS: 20618378

    $1,150,000

    Price

  • Sep 11, 2020

    Date

    Pending

    CRMLS: 20618378

    $1,199,999

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: 20618378

    $1,199,999

    Price

  • Listing provided courtesy of CRMLS

    2 bd/2ba+Den/Office in each spacious unit. Prime location! Only a short walking distance to the New Metro Purple Line stop, the park, and 1.1 miles to Larchmont Village! This Spanish duplex boasts oversized rooms, washer/dryer, wood floors, updated kitchens and baths and charming finishes throughout. Large units inside plus a great space to relax in the private backyard. Use your imagination and tlc to restore this property to its former glory days. Batchelder fireplace and Balcony are decorative only, the seller will not warrant nor repair such items. Property is located in an HPOZ. Broker does not warrant or guarantee the accuracy of conditions, expenses or features of the property, buyers to investigate and satisfy themselves. For showings, contact agent for disclosures, & submit offer subject to interior inspection. CDC/CAR best practice guidelines will be followed at all showings. Seller intends to complete 1031 exchange.

  • September, 2020

  • Sep 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • August, 2020

  • Aug 13, 2020

    Date

    Canceled

    CRMLS: 20565962

    $1,395,000

    Price

  • Mar 22, 2020

    Date

    Active

    CRMLS: 20565962

    $1,395,000

    Price

  • Mar 22, 2020

    Date

    Hold

    CRMLS: 20565962

    $1,395,000

    Price

  • Mar 21, 2020

    Date

    Active

    CRMLS: 20565962

    $1,395,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2020

  • Mar 19, 2020

    Date

    Canceled

    CRMLS: 20547786

    $1,650,000

    Price

  • Feb 14, 2020

    Date

    Price Change

    CRMLS: 20547786

    $1,650,000

    Price

  • Jan 27, 2020

    Date

    Active

    CRMLS: 20547786

    $1,800,000

    Price

  • Listing provided courtesy of CRMLS

Show More

Tax History for 715 Lorraine Blvd

Assessed Value (2020): $887,375
Year Land Value Improved Value Assessed Value
2020 $832,197 $55,178 $887,375

Home Value Compared to the Market

This property vs the competition

715 Lorraine Blvd sold on March 15, 2023 for 34.37% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $491.7 per/sqft which puts the price per square foot 34.87% lower than the current median sale per square foot for the city of Los Angeles.

About 715 Lorraine Blvd

Detailed summary of property

715 Lorraine Blvd is a multi family that recently sold in Los Angeles, CA 90005. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,252 living square feet, and sits on an approximately 5,272 square foot lot. 715 Lorraine Blvd was first listed on ArdentRealEstateGroup.com on January 24, 2023. The homeowner sold the property for $1,525,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.37% higher than the current median priced home. Local homes that are currently for sale include 1722 Crenshaw Blvd, 1726 Crenshaw Blvd and 951 S Ardmore Ave. While the average home in Los Angeles, CA is selling in 92 days, 715 Lorraine Blvd has a days on market of 21 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 715 Lorraine Blvd Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 715 Lorraine Blvd

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
3,252
Lot Size
5,272
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5090-031-016

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$665
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
35
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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