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722 Robinson St, Los Angeles, CA 90026
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722 Robinson St Los Angeles, CA 90026

$1,460,000 Sold Price as of 08/28/2023
  • 5 Beds
  • 3 Baths
  • 2,898 Sq.Ft.
Sold
$1,460,000 Sold Price as of 08/28/2023 Refinance Your Mortgage
Map preview of 722 Robinson St, Los Angeles, CA 90026

Property Overview: 722 Robinson St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,898 living square feet and 6,616 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Proper-tunity, this property is your opportunity! 1923 triplex in the heart of Silverlake with 2 vacant units. Tucked away behind a hedged and gated front yard with an epic meyer lemon tree you'll enter through an oversized door to the front building that houses 2 attractive units featuring some original details including hardwood floors, arched doorways, coved ceilings and modern amenities including central air and heat. Upstairs owners' unit 2 bed and 1 bath with a front balcony and stunning views of downtown will be delivered vacant. Owners' unit has washer/dryer and fully equipped kitchen. The downstairs 2 bedroom and 1 bath with lovely back patio is tenant occupied. The expansive lot features a spacious communal back courtyard with mature avocado tree and laundry room, potential to install coin operated machines for additional income. The wood-sided back building houses a vacant 1 bed /1 bath and an oversized three car garage. The garages can be rented out individually for additional rental income. Close by attractions include Cafecito Organico, All Day Baby, Target, and many more restaurants and stores. This opportunity provides an investor potential rental upside in a strong demand rental market in this densely populated and highly attractive location. This property has great potential but is a fixer for experienced buyers.

Listed by Lorraine Getz | BRE #01413936 | Compass
Last checked: 13 minutes ago | Last updated: August 28th, 2023 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,616
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23292733
City
Los Angeles
County
Los Angeles
Time on Site
343 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.57
  • Gross Scheduled Income: --
  • Net Operating Income: $85,697
  • Gross Operating Income: $111,000
  • Laundry Income: $600
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $12,129
  • Gardener: $1,800
  • Insurance: $3,673
  • Maintenance: $3,500
  • Water/Sewer: $4,200

Property Details for 722 Robinson St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5401017008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Sunset Blvd and West of Silver Lake Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 722 Robinson St

Last sold for $1,460,000 on August 28th, 2023

  • August, 2023

  • Aug 28, 2023

    Date

    Sold

    CRMLS: 23292733

    $1,460,000

    Price

  • Jul 21, 2023

    Date

    Active

    CRMLS: 23292733

    $1,395,000

    Price

  • February, 2016

  • Feb 23, 2016

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

  • February, 2016

  • Feb 23, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 722 Robinson St

Assessed Value (2020): $974,187
Year Land Value Improved Value Assessed Value
2020 $649,458 $324,729 $974,187

Home Value Compared to the Market

This property vs the competition

722 Robinson St sold on August 28, 2023 for 23.45% 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 $481.37 per/sqft which puts the price per square foot 36.16% lower than the current median sale per square foot for the city of Los Angeles.

About 722 Robinson St

Detailed summary of property

722 Robinson St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,898 living square feet, and sits on an approximately 6,616 square foot lot. 722 Robinson St was first listed on ArdentRealEstateGroup.com on July 21, 2023. The homeowner sold the property for $1,460,000. 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 23.45% higher than the current median priced home. Local homes that are currently for sale include 2352 W 3rd St, 155 S Alvarado St and 1932 Park Ave. While the average home in Los Angeles, CA is selling in 99 days, 722 Robinson St has a days on market of 7 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 722 Robinson St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 722 Robinson St

Public county record property details
Beds
5
Baths
3
Year built
1923
Sq. Ft.
2,898
Lot Size
6,615
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,7
APN
5401-017-008

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
72
Median Sale to List Price %
110.39%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 722 Robinson St

700 Robinson St, Los Angeles, CA 90026
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8 Baths
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700 Robinson St
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732 Robinson St, Los Angeles, CA 90026
$1,500,000 Last Sold Price
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732 Robinson St
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651 N Dillon St, Los Angeles, CA 90026
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639 Robinson St, Los Angeles, CA 90026
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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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