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760 S Mcbride Ave, Los Angeles, CA 90022
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760 S Mcbride Ave Los Angeles, CA 90022

$1,750,000 Sold Price as of 06/19/2019
  • 18 Beds
  • 8 Baths
  • 7,588 Sq.Ft.
Sold
$1,750,000 Sold Price as of 06/19/2019 Refinance Your Mortgage
Map preview of 760 S Mcbride Ave, Los Angeles, CA 90022

Property Overview: 760 S Mcbride Ave Los Angeles, CA has 18 bedrooms, 8 bathrooms, 7,588 living square feet and 13,464 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an 8 Unit Multi-Family Property situated directly adjacent to the NIKE STORE on Whittier Blvd in the Heart of East Los Angeles. With Maximum visibility for potential renters, this Apartment Building is Truly a Rare Offering that Extends from Block to Block (S McDonnell Ave & S McBride Ave). Excellent Unit Mix consisting of Extra Large TWO (3 Bed + 1 Bath) & SIX (2 Bed + 1 Bath) Units situated on the 2nd floor of the building. This Unique property provides an Approximate 8,754 Sq.Ft. of Additional Space (located on the Ground Level) which may be used for On-Site Parking/Storage Use(s)[Buyer to verify]. The Building features Balcony in Select Units (the 3 Bed Units) & On-Site Laundry Room with Owner-Owned Laundry Machines that procures additional income for owner. A High Demand Prime Location that's just steps away from countless shops, restaurants & entertainment on Whittier Blvd. Low Vacancy History Property with Substantial Rental Upside Potential of +/- 57%.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investmen
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
13,464
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19444058
City
Los Angeles
County
Los Angeles
Time on Site
1354 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.65
  • Gross Scheduled Income: --
  • Net Operating Income: $60,150
  • Gross Operating Income: $108,450
  • Laundry Income: $92
  • Improvements Total: $414,222
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $2,460
  • Gas/Fuel: $2,832
  • Insurance: $2,656
  • Maintenance: $5,422
  • Water/Sewer: $5,614
  • Other Expenses: $1,600

Property Details for 760 S Mcbride Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 8
  • Parcel Number: 5247016032
Location / Neighborhood
Location Information
  • Directions: Property is conveniently located just off Whittier Blvd (situated BEHIND the NIKE Store) in the city of East Los Angeles. Major cross streets are Whittier Blvd and South Arizona Ave. Walking distance to countless shops, restaurants & entertainment on Whittier Blvd. Short Commute to the 5, 60 & 710 Freeways.
View more facts & features

Local Los Angeles Agent

Sale History for 760 S Mcbride Ave

Last sold for $1,750,000 on June 19th, 2019

  • June, 2019

  • Jun 19, 2019

    Date

    Sold

    CRMLS: 19444058

    $1,750,000

    Price

  • Apr 24, 2019

    Date

    Active Under Contract

    CRMLS: 19444058

    $1,750,000

    Price

  • Mar 21, 2019

    Date

    Active

    CRMLS: 19444058

    $1,750,000

    Price

  • July, 2014

  • Jul 23, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,000,010

    Price

Show More

Tax History for 760 S Mcbride Ave

Assessed Value (2020): $1,785,000
Year Land Value Improved Value Assessed Value
2020 $1,071,000 $714,000 $1,785,000

Home Value Compared to the Market

This property vs the competition

760 S Mcbride Ave sold on June 19, 2019 for 56.25% 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 $230.63 per/sqft which puts the price per square foot 68.15% lower than the current median sale per square foot for the city of Los Angeles.

About 760 S Mcbride Ave

Detailed summary of property

760 S Mcbride Ave is a multi family that recently sold in Los Angeles, CA 90022. This multi family property offered 18 bedrooms, 8 bathrooms, roughly 7,588 living square feet, and sits on an approximately 13,464 square foot lot. 760 S Mcbride Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,750,000. 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 56.25% higher than the current median priced home. Local homes that are currently for sale include 2321 Hooper Ave, 2833 Huron St and 5621 Carlota Blvd. While the average home in Los Angeles, CA is selling in 106 days, 760 S Mcbride Ave has a days on market of 34 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 760 S Mcbride 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 760 S Mcbride Ave

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
15,651
Lot Size
13,464
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12,19
APN
5247-016-032

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
$695,000
Median List Price/Sq.Ft.
$650
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$494
Total Inventory
27
Median Sale to List Price %
101.6%
Avg Days on Market
32
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (50%)

Thinking of Selling?

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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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