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721 W 81St St, Los Angeles, CA 90044
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721 W 81St St Los Angeles, CA 90044

$1,075,000 Sold Price as of 05/03/2021
  • 43 Beds
  • 22 Baths
  • 5,746 Sq.Ft.
Sold
$1,075,000 Sold Price as of 05/03/2021 Refinance Your Mortgage
Map preview of 721 W 81St St, Los Angeles, CA 90044

Property Overview: 721 W 81St St Los Angeles, CA has 43 bedrooms, 22 bathrooms, 5,746 living square feet and 9,303 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment property in LA, fully occupied with great paying tenants. Two story building consists of six units, one large 3/2 unit,Second floor holds 2 large 2/1 units with private balconies, lower level contains 3 additional 2/1 units. Plenty of onsite parking with 2 spaces per unit and 2 storage which is leased out for additional income, all 5,746 square feet is gated for added security. Building does not require soft retrofitting. Centrally located to major freeways and minutes from downtown LA.

Listed by Patty Lopez | BRE #01704771 | Keller Williams Realty Westside
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
9,303
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21692220
City
Los Angeles
County
Los Angeles
Time on Site
1232 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,534
  • Total Rent: $1,534
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $1,680
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,072
  • Total Rent: $1,072
  • Pro Forma/Market Rent: $1,680
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: $1,110
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $66,423
  • Gross Operating Income: $0
  • Garage Rental Income: $50
  • Other Income 1: $200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 721 W 81St St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 6
  • Parcel Number: 6032026019
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 721 W 81St St

Last sold for $1,075,000 on May 3rd, 2021

  • May, 2021

  • May 4, 2021

    Date

    Sold

    CRMLS: 21692220

    $1,075,000

    Price

  • Mar 22, 2021

    Date

    Pending

    CRMLS: 21692220

    $1,149,000

    Price

  • Mar 21, 2021

    Date

    Active

    CRMLS: 21692220

    $1,149,000

    Price

  • Mar 10, 2021

    Date

    Active Under Contract

    CRMLS: 21692220

    $1,149,000

    Price

  • Feb 12, 2021

    Date

    Active

    CRMLS: 21692220

    $1,149,000

    Price

  • November, 2020

  • Nov 20, 2020

    Date

    Expired

    CRMLS: 20602070

    $1,275,000

    Price

  • Oct 30, 2020

    Date

    Active

    CRMLS: 20602070

    $1,275,000

    Price

  • Oct 6, 2020

    Date

    Active Under Contract

    CRMLS: 20602070

    $1,275,000

    Price

  • Aug 14, 2020

    Date

    Price Change

    CRMLS: 20602070

    $1,275,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: 20602070

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Back on Market! Seller is extremely motivated to get this sold and looking at all offers! Great investment property in LA! Fully occupied with great paying tenants who are all current. Two story building consists of six units, one large 1500 sqft 3/2 unit with possibility to convert to 4bds or 2 units ,Second floor holds 2 large 2/1 units with private balconies, lower level contains 3 additional 2/1 units. Plenty of onsite parking with 2 spaces per unit. There are 2 storage spaces which are leased out at $100 each for additional income of $2400 which is included in the total gross income of $93,024. All 5,746 square feet is gated for added security. Centrally located to major freeways and minutes from downtown LA.

  • July, 2020

  • Jul 10, 2020

    Date

    Canceled

    CRMLS: 20580870

    $1,399,000

    Price

  • May 23, 2020

    Date

    Active

    CRMLS: 20580870

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment property in LA, fully occupied with great paying tenants. Two story building consists of six units, one large 3/2 unit,Second floor holds 2 large 2/1 units with private balconies, lower level contains 3 additional 2/1 units. Plenty of onsite parking with 2 spaces per unit and 2 storage which is leased out for additional income, all 5,746 square feet is gated for added security. Centrally located to major freeways and minutes from downtown LA.

  • November, 2017

  • Nov 13, 2017

    Date

    Expired

    CRMLS: 522689

    --

    Price

  • Listing provided courtesy of CRMLS

    LISTED AT 5.7% X GROSS. NEW STUCCO, EXCELLENT CONDITION, SUBMIT. DRIVE BY ONLY, PLEASE! 6-UNITS, 5-TWO'S & 1 THREE BED 2 BATH.

  • October, 2002

  • Oct 28, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 1994

  • Sep 6, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 721 W 81St St

Assessed Value (2020): $410,524
Year Land Value Improved Value Assessed Value
2020 $203,939 $206,585 $410,524

Home Value Compared to the Market

This property vs the competition

721 W 81St St sold on May 3, 2021 for 1.68% higher 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 $199.97 per/sqft which puts the price per square foot 73.48% lower than the current median sale per square foot for the city of Los Angeles.

About 721 W 81St St

Detailed summary of property

721 W 81St St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 43 bedrooms, 22 bathrooms, roughly 5,746 living square feet, and sits on an approximately 9,303 square foot lot. 721 W 81St St was first listed on ArdentRealEstateGroup.com on February 12, 2021. The homeowner sold the property for $1,075,000. 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 1.68% higher than the current median priced home. Local homes that are currently for sale include 247 W Florence Ave, 217 E 77th St and 943 W 65th St. While the average home in Los Angeles, CA is selling in 98 days, 721 W 81St St has a days on market of 39 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 721 W 81St St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 721 W 81St St

Public county record property details
Beds
13
Baths
7
Year built
1963
Sq. Ft.
5,746
Lot Size
9,303
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
141
APN
6032-026-019

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$518
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
86
Median Sale to List Price %
104.62%
Avg Days on Market
30
Loan Type
Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

Thinking of Selling?

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Recently Sold Homes Near 721 W 81St St

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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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