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7908 Towne Ave, Los Angeles, CA 90003
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7908 Towne Ave Los Angeles, CA 90003

$750,000
  • 8 Beds
  • 5 Baths
  • 1,826 Sq.Ft.
For Sale
$750,000 Get Pre-Qualified
Map preview of 7908 Towne Ave, Los Angeles, CA 90003

Property Overview: 7908 Towne Ave Los Angeles, CA has 8 bedrooms, 5 bathrooms, 1,826 living square feet and 6,867 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: REDUCED PRICE AND SELLERS ARE VERY MOTIVATED!!!! This property consists of "TWO (2) INDIVIDUAL HOUSE UNITS ON THIS LOT", the smaller house on the corner of 79th & Towne is a fixer, vacant, and needs repairs. Title report says 4 bedrooms, 2 bathrooms; however, property presently shows 5 bedrooms, 3 bathrooms total. This entire property is being 'SOLD AS-IS" in IT'S PRESENT CONDITION WITH "NO FURTHER WARRANTIES AND/OR GUARANTEES OF ANY KIND RELATING TO CITY/COUNTY REPAIR REQUIREMENTS, PROPERTY SQUARE FOOTAGES, OR ANY OTHER KIND OF PROPERTY PROSPECTIVES". THIS HAS NO RESPONSIBILITY HELD UPON OR AGAINST THE OWNER(S), AND/OR THEIR LISTING BROKER/AGENT(S) AT ALL. Buyer(s) and their Broker and/or Agent(s) are to do their due diligence in researching All details regarding this property before making an offer to purchase. The tenant(s) own all of their appliances, and "Will Remain As Residing Tenant(s)", with property being for sale and sold. No Eviction Will Be Done By The Sellers! PLEASE DO NOT DISTURB THE TENANT(S) AT ALL & PLEASE DRIVE BY ONLY, & CALL ME (SEE AGENT REMARKS) for viewing appointments. Escrow time may be extended due to the trust clarification process. There Are No Lockboxes At All For Entry Access. "Seller Has Selection Of ALL Services". ** Properties For Sale Also Are: 8021 Towne Avenue, MLS #24-378467 And Vacant Land Lot APN; 6030-020-021, MLS #24-378471** Thank You All For Your Inquiries And Have An Excellent Day

Listed by Crystal Lee | BRE #01071948 | Crystal Lee, Broker
Last checked: 12 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 118
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Home details

Lot Sq. Ft
6,867
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24344647
City
Los Angeles
County
Los Angeles
Time on Site
116 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • 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: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,455
  • Total Rent: $1,455
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Other Income 1: $12,036
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 7908 Towne Ave

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Property Details for 7908 Towne Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, In Garage
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: One
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s), Window Bars, Gated Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: Front Yard, Back Yard, Lawn
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6030033027
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: This property is centered between the major streets of San Pedro Street and Avalon Blvd., and is located on the southeast corner of 79th Street and Towne Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 7908 Towne Ave

Last sold on July 18th, 2007

  • January, 2024

  • Jan 6, 2024

    Date

    Active

    CRMLS: 24344647

    $845,000

    Price

  • July, 2007

  • Jul 18, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2001

  • Aug 2, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 7908 Towne Ave

Assessed Value (2020): $465,203
Year Land Value Improved Value Assessed Value
2020 $267,652 $197,551 $465,203

Home Value Compared to the Market

This property vs the competition

7908 Towne Ave is listed 38.78% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $410.73 per/sqft which puts the price per square foot 46.93% lower than the median price per square foot for the city of Los Angeles.

About 7908 Towne Ave

Detailed summary of property

7908 Towne Ave is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers 8 bedrooms, 5 bathrooms, roughly 1,826 living square feet, and sits on an approximately 6,867 square foot lot. 7908 Towne Ave was first listed on ArdentRealEstateGroup.com on January 7, 2024. The homeowner is currently asking $750,000 and was originally asking $845,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 38.78% lower than the median priced home. Local competing homes currently for sale include 751 E 73rd St, 152 W 84th Pl and 240 W 82nd St. While the average home in Los Angeles, CA is selling in 96 days, 7908 Towne Ave has a days on market of 118 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 7908 Towne Ave Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7908 Towne Ave

Public county record property details
Beds
4
Baths
2
Year built
1931
Sq. Ft.
1,826
Lot Size
6,865
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
47
APN
6030-033-027

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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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