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7921 Morton Ave Los Angeles, CA 90001

$620,000 Sold Price as of 02/18/2020

4 Beds
3 Baths
1,865 Sq.Ft.

Sold

$620,000 Sold Price as of 02/18/2020 Refinance Your Mortgage

Map preview of 7921 Morton Ave, Los Angeles, CA 90001

Property Overview: 7921 Morton Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,865 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Best price in the neighborhood!!! Priced to sell!! A great opportunity to own a well maintained 3 Unit income property in the great city of Los Angeles. Property has been owned by the same family for the last 4 decades. Pride of ownership! Great opportunity to own your own home and and rental income coming in from the back two units. With NO rent control. Front unit was just recently renovated with a new kitchen, tile and laminate flooring, and a newly remodeled kitchen. Great open floor plan, with lots of natural light. Plenty of room in the front yard and just recently installed a fence in the front porch. Both back units are 1 bed one bath with an open floor plan and kitchen. One of the back units was also renovated with new flooring, kitchen, and bathroom. Both back units also have their own separate backyards. You have to see this property through and through!! Call for more information on this beautiful opportunity!

Listed by CHRISTOPHER CABALLERO | BRE #02048929 | CENTURY 21 PRIMETIME REALTORS

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft: 6,000
HOA Dues: $0/mo
Year built: 1941
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: CV19200389
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 3
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $40,000
Net Operating Income: $35,500
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $4,500
New Taxes: $5,900
Trash: $600
Insurance: $1,000
Water/Sewer: $1,200

Property Details for 7921 Morton Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Front Yard, Lawn, Level with Street, Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 3
Parcel Number: 6026001007
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: 60-w, exit 1b on mateo st, left on olympic right santa fe, right nadeau, left morton ave

Neighborhood Information

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

View more facts & features

Local Los Angeles Agent

Sale History for 7921 Morton Ave

Last sold for $620,000 on February 18th, 2020

February, 2020
Feb 19, 2020

Date

Sold

CRMLS: CV19200389

$620,000

Price
Oct 23, 2019

Date

Pending

CRMLS: CV19200389

$648,999

Price
Oct 23, 2019

Date

Active

CRMLS: CV19200389

$648,999

Price
Oct 15, 2019

Date

Pending

CRMLS: CV19200389

$648,999

Price
Sep 9, 2019

Date

Price Change

CRMLS: CV19200389

$648,999

Price
Aug 21, 2019

Date

Active

CRMLS: CV19200389

$689,000

Price
February, 2020
Feb 18, 2020

Date

Sold (Public Records)

Public Records

$620,000

Price
October, 2018
Oct 15, 2018

Date

Expired

CRMLS: DW18084552

$669,000

Price
Sep 21, 2018

Date

Withdrawn

CRMLS: DW18084552

$669,000

Price
Sep 11, 2018

Date

Price Change

CRMLS: DW18084552

$669,000

Price
Aug 5, 2018

Date

Price Change

CRMLS: DW18084552

$649,000

Price
Jun 23, 2018

Date

Price Change

CRMLS: DW18084552

$679,000

Price
Jun 13, 2018

Date

Price Change

CRMLS: DW18084552

$699,900

Price
Apr 14, 2018

Date

Active

CRMLS: DW18084552

$699,000

Price
Listing provided courtesy of CRMLS

Back on the Market! Property was unable to show first time around. But Now its ready for showings! Investment Opportunity! Multi family residence for sale. Beautiful 3 units available. Live in one, rent out the 2 remaining! Front unit has just been repainted inside, has beautiful floors throughout the house. Huge living room, dinning room, and kitchen. 2 rear units carry there own backyards. Landscaping recently redecorated. Must see. Property is located close to Downtown La, dodger stadium. Food spectrum for family entertainment. Quick freeway access 105 freeway/ 60freeway.

Continue Reading
December, 2017
Dec 22, 2017

Date

Expired

CRMLS: DW17147292

$799,000

Price
Jun 29, 2017

Date

Active

CRMLS: DW17147292

$799,000

Price
Listing provided courtesy of CRMLS

Tax History for 7921 Morton Ave

Assessed Value (2020): $347,268

Year	Land Value	Improved Value	Assessed Value
2020	$181,300	$165,968	$347,268

Home Value Compared to the Market

This property vs the competition

7921 Morton Ave sold on February 18, 2020 for 42.05% lower 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 $347.99 per/sqft which puts the price per square foot 51.94% lower than the current median sale per square foot for the city of Los Angeles.

About 7921 Morton Ave

Detailed summary of property

7921 Morton Ave is a multi family that recently sold in Los Angeles, CA 90001. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,865 living square feet, and sits on an approximately 6,000 square foot lot. 7921 Morton Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $620,000. 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 42.05% lower than the current median priced home. Local homes that are currently for sale include 1386 E 55th St, 1549 E 53rd St and 829 E Century Blvd. While the average home in Los Angeles, CA is selling in 106 days, 7921 Morton Ave has a days on market of 51 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 7921 Morton Ave Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7921 Morton Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1941
Sq. Ft.: 1,865
Lot Size: 6,000
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13,14
APN: 6026-001-007

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$589,000

Median List Price/Sq.Ft.

$568

Median Sold Price

$640,000

Median Sold Price/Sq.Ft.

$549

Total Inventory

Median Sale to List Price %

106.68%

Avg Days on Market

Loan Type

Conventional (25%), FHA (50%), VA (0%), Cash (16.67%), Other (8.33%)

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(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.