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732 S Ferris Ave, Los Angeles, CA 90022
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732 S Ferris Ave Los Angeles, CA 90022

$1,550,000
  • 10 Beds
  • 8 Baths
  • 3,788 Sq.Ft.
For Sale
$1,550,000 Get Pre-Qualified
Map preview of 732 S Ferris Ave, Los Angeles, CA 90022

Property Overview: 732 S Ferris Ave Los Angeles, CA has 10 bedrooms, 8 bathrooms, 3,788 living square feet and 10,630 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines for tenants use and will generate extra income for you. Property is located on the County Side where water bill is cheaper and has a low cost to maintain the property. The property is located in a highly desirable area of East Los Angeles located steps away from the famous Whittier corridor and close to many shopping stores and major freeways 5, 710, and 60 FWYS. Due to it's location vacancies are a thing of the past when a property comes up for rent there's a line of tenants looking to rent. You wont want to miss this opportunity perfect for a 1031 Exchange or any one looking to tap into Commercial Real Estate. See you in Escrow :).

Listed by EDWIN BLANCO | BRE #02054714 | CENTURY 21 REALTY MASTERS
Last checked: 2 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
10,630
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
MB24142034
City
Los Angeles
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,008
  • Total Rent: $2,016
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,577
  • Total Rent: $1,577
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,975
Unit Breakdown 6
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,344
  • Total Rent: $2,688
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $133,212
  • Net Operating Income: $126,792
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $6,420
  • Electric: $420
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $4,200

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Property Details for 732 S Ferris Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5240007007
  • Year Built Source: Other
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Whittier Blvd West of Atlantic
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 732 S Ferris Ave

View property's historical transactions

  • July, 2024

  • Jul 16, 2024

    Date

    Active

    CRMLS: MB24142034

    $1,650,000

    Price

Tax History for 732 S Ferris Ave

Assessed Value (2020): $532,334
Year Land Value Improved Value Assessed Value
2020 $188,736 $343,598 $532,334

Home Value Compared to the Market

This property vs the competition

732 S Ferris Ave is listed 29.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $409.19 per/sqft which puts the price per square foot 46.72% lower than the median price per square foot for the city of Los Angeles.

About 732 S Ferris Ave

Detailed summary of property

732 S Ferris Ave is a mixed use located in Los Angeles, CA 90022 and is currently for sale. This mixed use property offers 10 bedrooms, 8 bathrooms, roughly 3,788 living square feet, and sits on an approximately 10,630 square foot lot. 732 S Ferris Ave was first listed on ArdentRealEstateGroup.com on July 11, 2024. The homeowner is currently asking $1,550,000 and was originally asking $1,650,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 29.17% higher than the median priced home. Local competing homes currently for sale include 726 W 76th St, 7014 S Vermont Ave and 2617 Halldale Ave. While the average home in Los Angeles, CA is selling in 106 days, 732 S Ferris Ave has a days on market of 58 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 732 S Ferris Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 732 S Ferris Ave

Public county record property details
Beds
10
Baths
8
Year built
1928
Sq. Ft.
3,788
Lot Size
10,589
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5240-007-007

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,888
Median List Price/Sq.Ft.
$636
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$494
Total Inventory
21
Median Sale to List Price %
101.6%
Avg Days on Market
32
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (50%)

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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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