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740 S Fresno St, Los Angeles, CA 90023
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740 S Fresno St Los Angeles, CA 90023

$1,290,000 Sold Price as of 08/28/2023
  • 13 Beds
  • 9 Baths
  • 3,253 Sq.Ft.
Sold
$1,290,000 Sold Price as of 08/28/2023 Refinance Your Mortgage
Map preview of 740 S Fresno St, Los Angeles, CA 90023

Property Overview: 740 S Fresno St Los Angeles, CA has 13 bedrooms, 9 bathrooms, 3,253 living square feet and 6,120 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime Investment Opportunity! If you're in search of a fantastic rental property, look no further than this stunning Corner Lot Duplex. This Modern Two-story Building was meticulously constructed in 2018, offering two spacious units that exude elegance and style. Each unit boasts beautiful laminated hardwood floors throughout, an open floor plan, and contemporary kitchen and bathroom designs. The kitchens are equipped with sleek quartz countertops, matching sinks, and stainless steel appliances, including a refrigerator, stove, dishwasher, and microwave. Tenants are responsible for all utilities, ensuring a hassle-free rental experience. This includes water, electricity, gas, and trash. The larger unit features five bedrooms and three bathrooms, while the second unit offers four bedrooms and three bathrooms. Additionally, the property includes a rear 2-car garage and ample outdoor parking spaces. The entire property is securely fenced, providing enhanced privacy for tenants. This is a must-see opportunity for anyone seeking a high-income rental property. Don't miss out on this exquisite duplex! Schedule a viewing today.

Listed by Audrey Jung | BRE #01400834 | B & B Investment Properties
Last checked: 12 minutes ago | Last updated: August 29th, 2023 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
6,120
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23272387
City
Los Angeles
County
Los Angeles
Time on Site
472 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • 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 740 S Fresno St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Room Information
  • Flooring: Laminate, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Carbon Monoxide Detector(s)
Exterior Features
Exterior Features
  • Pool Features: Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Gated, Garage - Two Door, Concrete, Parking Space
Lot Information
  • Lot Features: Corners Marked
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 2
  • Parcel Number: 5186022012
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Freeway 60 E, Exit Whittier Blvd. Left turn to Whittier Blvd, Right Turn at S Fresno St, Corner lot at cross street Oregon St.
View more facts & features

Local Los Angeles Agent

Sale History for 740 S Fresno St

Last sold for $1,290,000 on August 28th, 2023

  • August, 2023

  • Aug 28, 2023

    Date

    Sold

    CRMLS: 23272387

    $1,290,000

    Price

  • May 22, 2023

    Date

    Active

    CRMLS: 23272387

    $1,290,000

    Price

  • March, 2019

  • Mar 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

  • October, 2017

  • Oct 20, 2017

    Date

    Sold (Public Records)

    Public Records

    $270,000

    Price

Show More

Tax History for 740 S Fresno St

Assessed Value (2020): $969,000
Year Land Value Improved Value Assessed Value
2020 $608,940 $360,060 $969,000

Home Value Compared to the Market

This property vs the competition

740 S Fresno St sold on August 28, 2023 for 15.18% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $396.56 per/sqft which puts the price per square foot 45.23% lower than the current median sale per square foot for the city of Los Angeles.

About 740 S Fresno St

Detailed summary of property

740 S Fresno St is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 13 bedrooms, 9 bathrooms, roughly 3,253 living square feet, and sits on an approximately 6,120 square foot lot. 740 S Fresno St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,290,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.18% higher than the current median priced home. Local homes that are currently for sale include 1212 S Hicks Ave, 608 N Breed St and 531 Brittania St. While the average home in Los Angeles, CA is selling in 106 days, 740 S Fresno St has a days on market of 60 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 740 S Fresno St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 740 S Fresno St

Public county record property details
Beds
9
Baths
6
Year built
2018
Sq. Ft.
3,253
Lot Size
6,119
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14-16
APN
5186-022-012

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
18
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

Thinking of Selling?

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Call, Text or Message
(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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