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816 S Eastman Ave, Los Angeles, CA 90023
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816 S Eastman Ave Los Angeles, CA 90023

$1,500,000 Sold Price as of 04/05/2019
  • 36 Beds
  • 21 Baths
  • 4,434 Sq.Ft.
Sold
$1,500,000 Sold Price as of 04/05/2019 Refinance Your Mortgage
Map preview of 816 S Eastman Ave, Los Angeles, CA 90023

Property Overview: 816 S Eastman Ave Los Angeles, CA has 36 bedrooms, 21 bathrooms, 4,434 living square feet and 7,318 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Location! Location! No Rent Control. Beautifully maintained 6 Unit Stucco 2 story Building. Freshly painted shows pride of ownership through-out. (5) 2BR/1BA; (1)1BR/1BA. This building is in a Great Neighborhood close proximity to local retail, schools, DTLA, Dodger Stadium, USC Medical Center, Little Tokyo, Union Station and The Arts District. The gas and electric are separately metered & Tenant pays for trash for low operating expenses. Parking for 9 cars. 8 covered carport parking.Tenants enjoy an on-site laundry facility, which is Seller owned. Extra money bonus each month for Buyer. Property has approximately 4434 square feet interior and on a 7317 sq ft lot. Owner has installed security cameras around exterior of building, easy access with your smart phone. The property offers excellent verifiable income and plenty of upside potential in rents.

Listed by Sharlene Mosley | BRE #00825700 | Briarwood Realty Co.
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
7,318
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19430612
City
Los Angeles
County
Los Angeles
Time on Site
1265 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.94%
  • Gross Rent Multiplier: 15.5
  • Gross Scheduled Income: $108,000
  • Net Operating Income: $84,571
  • Gross Operating Income: $109,416
  • Gross Spendable Income: $84,571
  • Garage Rental Income: $0
  • Laundry Income: $4,800
  • Improvements Total: $408,000
Annual Expense Breakdown
  • Total Operating Expense: $480
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $325
  • Trash: $0
  • Insurance: $2,287
  • Maintenance: $1,200
  • Water/Sewer: $4,800
  • Other Expenses: $1,000

Property Details for 816 S Eastman Ave

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Common Area, Washer Included
Room Information
  • Flooring: Carpet, Bamboo
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 6
  • Parcel Number: 5239010030
  • Property Condition: Building Permit
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: 10 Fwy East to 60 Fwy Exit Whittier Blvd to Eastman Ave
View more facts & features

Local Los Angeles Agent

Sale History for 816 S Eastman Ave

Last sold for $1,500,000 on April 5th, 2019

  • April, 2019

  • Apr 6, 2019

    Date

    Sold

    CRMLS: 19430612

    $1,500,000

    Price

  • Mar 12, 2019

    Date

    Pending

    CRMLS: 19430612

    $1,750,000

    Price

  • Feb 4, 2019

    Date

    Active

    CRMLS: 19430612

    $1,750,000

    Price

  • April, 2019

  • Apr 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,500,000

    Price

  • April, 2016

  • Apr 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $865,000

    Price

Show More

Tax History for 816 S Eastman Ave

Assessed Value (2020): $1,530,000
Year Land Value Improved Value Assessed Value
2020 $969,000 $561,000 $1,530,000

Home Value Compared to the Market

This property vs the competition

816 S Eastman Ave sold on April 5, 2019 for 54.87% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $394.68 per/sqft which puts the price per square foot 47.66% lower than the current median sale per square foot for the city of Los Angeles.

About 816 S Eastman Ave

Detailed summary of property

816 S Eastman Ave is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 36 bedrooms, 21 bathrooms, roughly 4,434 living square feet, and sits on an approximately 7,318 square foot lot. 816 S Eastman Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,500,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 54.87% higher than the current median priced home. Local homes that are currently for sale include 3813 Baldwin St, 6136 Easton St and 5150 Ithaca Ave. While the average home in Los Angeles, CA is selling in 99 days, 816 S Eastman Ave has a days on market of 32 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 816 S Eastman Ave 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 816 S Eastman Ave

Public county record property details
Beds
11
Baths
6
Year built
1965
Sq. Ft.
4,434
Lot Size
7,317
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5239-010-030

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
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$656
Total Inventory
21
Median Sale to List Price %
105.88%
Avg Days on Market
28
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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