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722 N Avenue 53 Los Angeles, CA 90042

$1,475,000 Sold Price as of 05/10/2022

4 Beds
2 Baths
1,452 Sq.Ft.

Sold

$1,475,000 Sold Price as of 05/10/2022 Refinance Your Mortgage

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Map preview of 722 N Avenue 53, Los Angeles, CA 90042

Property Overview: 722 N Avenue 53 Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,452 living square feet and 5,087 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 722 North Avenue 53! Here's your chance to own two detached, craftsman style homes in the highly desirable Highland Park neighborhood. Each home has its own private outdoor space and are both newly renovated. The front house is a 2 bedroom / 1 bathroom currently being rented for $3,200/month. The back house is a 2 bedroom / 1 bathroom plus bonus space being delivered vacant. This charming property is great for both investors and owner-occupiers alike given the front unit is collecting stable income towards your mortgage or cash flow. Centrally located near the popular restaurant/shopping hub of York Blvd and Figueroa St with convenient access to both the 110 and 2 freeways. A Must See!! *Furniture in the back house is available for optional purchase.*

Listed by Edward Faktorovich | BRE #01401897 | Figure 8 Realty
Co-listed by Scott Harvey | BRE #01963157 | Figure 8 Realty

Last checked: 10 minutes ago | Last updated: June 19th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 5,087
HOA Dues: $0/mo
Year built: 1914
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22136851
City: Los Angeles
County: Los Angeles
Time on Site: 791 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $3,200
Total Rent: $3,200
Pro Forma/Market Rent: $3,750

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $4,000

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 722 N Avenue 53

Interior Features

Heating Information

Has Heating
Electric

Laundry Information

Has Laundry
Washer Included, Dryer Included, Inside

Fireplace Information

Has Fireplace
Decorative

Kitchen Information

Has Appliances
Disposal, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 1
Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 2
Parcel Number: 5469025008
Architectural Style: Craftsman

Location / Neighborhood

Location Information

Directions: N Avenue 53 in between York Blvd and Figueroa St

View more facts & features

Local Los Angeles Agent

Sale History for 722 N Avenue 53

Last leased for $4,450 on June 12th, 2022

June, 2022
Jun 12, 2022

Date

Leased

CRMLS: 22165831

$4,450

Price
Jun 9, 2022

Date

Active

CRMLS: 22165831

$3,950

Price
Listing provided courtesy of CRMLS

Charming detached duplex tucked away! This back house is a 2 bedroom / 1 bathroom.The main bedroom has french doors that open to a spacious yard perfect time for the summer with AC! Plus a bonus space great for a home office, gym or art studio. plenty of outdoor space, hang out on the front stoop or the side yard. Park your car right in the driveway and head right into your home! Don't miss this!

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May, 2022
May 10, 2022

Date

Sold

CRMLS: 22136851

$1,475,000

Price
Mar 18, 2022

Date

Active

CRMLS: 22136851

$1,195,000

Price
November, 2016
Nov 1, 2016

Date

Sold (Public Records)

Public Records

$567,000

Price

Tax History for 722 N Avenue 53

Assessed Value (2020): $601,703

Year	Land Value	Improved Value	Assessed Value
2020	$477,543	$124,160	$601,703

Home Value Compared to the Market

This property vs the competition

722 N Avenue 53 sold on May 10, 2022 for 0.42% 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 $823 per/sqft which puts the price per square foot 9.01% higher than the current median sale per square foot for the city of Los Angeles.

About 722 N Avenue 53

Detailed summary of property

722 N Avenue 53 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,452 living square feet, and sits on an approximately 5,087 square foot lot. 722 N Avenue 53 was first listed on ArdentRealEstateGroup.com on March 19, 2022. The homeowner sold the property for $1,475,000. 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 0.42% higher than the current median priced home. Local homes that are currently for sale include 6538 Meridian St, 3900 Berenice Pl and 5231 Loleta Ave. While the average home in Los Angeles, CA is selling in 92 days, 722 N Avenue 53 has a days on market of 13 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 722 N Avenue 53 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 722 N Avenue 53

Public county record property details

Beds: 3
Baths: 2
Year built: 1914
Sq. Ft.: 1,452
Lot Size: 5,087
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 5469-025-008

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,089,000

Median List Price/Sq.Ft.

$748

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$858

Total Inventory

Median Sale to List Price %

125.16%

Avg Days on Market

Loan Type

Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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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.