770 N Hill Pl Los Angeles, CA 90012

$2,600,000 Sold Price as of 09/04/2019

18 Beds
17 Baths
10,880 Sq.Ft.

Off Market

$2,600,000 Sold Price as of 09/04/2019 Refinance Your Mortgage

Map preview of 770 N Hill Pl, Los Angeles, CA 90012

Property Overview: 770 N Hill Pl Los Angeles, CA has 18 bedrooms, 17 bathrooms, 10,880 living square feet and 10,421 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

770 N Hill Pl is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 770 N Hill Pl

Last sold for $2,600,000 on September 4th, 2019

January, 2020
Jan 1, 2020

Date

Expired

CRMLS: AR19068729

$3,200,000

Price
Aug 16, 2019

Date

Withdrawn

CRMLS: AR19068729

$3,200,000

Price
Jul 16, 2019

Date

Pending

CRMLS: AR19068729

$3,200,000

Price
May 16, 2019

Date

Active

CRMLS: AR19068729

$3,200,000

Price
May 2, 2019

Date

Active Under Contract

CRMLS: AR19068729

$3,200,000

Price
Mar 28, 2019

Date

Active

CRMLS: AR19068729

$3,200,000

Price
Listing provided courtesy of CRMLS

770 N Hill Place is a 16-unit apartment community in the heart of Chinatown neighborhood of Los Angeles. The property has been in the same family since 1970s and this is the first time it is being offered for sale. It is in an excellent location just within walking distance to various iconic places such as Olvera Street, Union Station, downtown Los Angeles, great eateries, restaurants, bars and art galleries. This offering provides an exceptional opportunity for investors to acquire a true value-add apartment at a very attractive price per unit for this location. The property is a 3-story apartment that was built in 1965 and situated on ±10,428 SF R4 zoned lot. Total building size is ±10,880 SF. It has central courtyard and laundry area (seller owns laundry machines). It offers attractive unit mix of fifteen (15) x 1bedroom + 1bathroom and one (1) x 3bedroom + 1bathroom. All units are rented out to long-time tenants on month-to-month basis. Rent comparable shows a conservative upside potential of a whopping ±158% from current rental income. The property has been retrofitted for soft-story retrofit. Parking is provided by parking areas on both sides of the building (15 spaces). Residents/tenants are minutes from the neighborhood's best shopping plazas, open air markets and outdoor cafes. The property is located in the heart of the iconic Chinatown of Los Angeles. Chinatown offers great eateries, restaurants, and art exhibits.

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September, 2019
Sep 4, 2019

Date

Sold (Public Records)

Public Records

$2,600,000

Price

Tax History for 770 N Hill Pl

Assessed Value (2020): $2,603,880

Year	Land Value	Improved Value	Assessed Value
2020	$1,400,000	$1,203,880	$2,603,880

About 770 N Hill Pl

Detailed summary of property

770 N Hill Pl is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90012 and last sold on September 4, 2019 for $2,600,000. This property has 18 bedrooms, 17 bathrooms, roughly 10,880 living square feet, and sits on an approximately 10,421 square foot lot. Homes 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 132.14% higher than the current median priced home. 770 N Hill Pl was last sold on September 4, 2019 for $2,600,000. Local nearby listings include 121 S Hope St #607, 1283 W Sunset Blvd and 800 W 1st St #1405. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 770 N Hill Pl Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 770 N Hill Pl

Public county record property details

Beds: 18
Baths: 17
Year built: 1965
Sq. Ft.: 10,880
Lot Size: 10,421
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 6-8
APN: 5407-022-024

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$598,000

Median List Price/Sq.Ft.

$582

Median Sold Price

$635,000

Median Sold Price/Sq.Ft.

$608

Total Inventory

Median Sale to List Price %

99.37%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (40%), Other (20%)

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