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840 Terrace 49, Los Angeles, CA 90042
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840 Terrace 49 Los Angeles, CA 90042

$1,125,000 Sold Price as of 12/16/2022
  • 4 Beds
  • 3 Baths
  • 2,130 Sq.Ft.
Sold
$1,125,000 Sold Price as of 12/16/2022 Refinance Your Mortgage
Map preview of 840 Terrace 49, Los Angeles, CA 90042

Property Overview: 840 Terrace 49 Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,130 living square feet and 7,264 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Potential awaits! Located on a quaint and quiet street in one of Mount Washington's most desirable pockets, this charming 1920s Craftsman-style triplex sits on a vast 7,000+ sq. ft lot. The property consists of three tenant-occupied units with rent totaling over $4,762 / month: two 1 bed/1 bath units facing the street, and a 2 bed / 1 bath unit downstairs, facing the expansive yard with possible potential for a second bathroom and primary bedroom extension. All units are well maintained with later appliances, updated electrical, laundry facilities, window mounted air conditioning, as well as hardwood and tile flooring. A shared deck overlooking lush gardens and broad nearly flat undeveloped portion, provides endless possible opportunities, including potential ADU.Perfect for an owner-user or investor. The adjacent empty lot is owned by the neighboring church, granting additional privacy and views.

Listed by George E Penner | BRE #01394929 | DPP
Last checked: 7 minutes ago | Last updated: December 20th, 2022 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
7,264
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22172583
City
Los Angeles
County
Los Angeles
Time on Site
692 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,504
  • Total Rent: $1,504
  • Pro Forma/Market Rent: $1,504
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,392
  • Total Rent: $1,392
  • Pro Forma/Market Rent: $1,392
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,866
  • Total Rent: $1,866
  • Pro Forma/Market Rent: $1,866
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 22.66
  • Gross Scheduled Income: --
  • Net Operating Income: $33,201
  • Gross Operating Income: $57,144
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 840 Terrace 49

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Room Information
  • Flooring: Wood
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Hills
  • Total # of Units: 3
  • Parcel Number: 5477026032
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Please use Google Maps or similar
View more facts & features

Local Los Angeles Agent

Sale History for 840 Terrace 49

Last sold for $1,125,000 on December 16th, 2022

  • December, 2022

  • Dec 16, 2022

    Date

    Sold

    CRMLS: 22172583

    $1,125,000

    Price

  • Jun 26, 2022

    Date

    Active

    CRMLS: 22172583

    $1,295,000

    Price

  • September, 2017

  • Sep 26, 2017

    Date

    Canceled

    CRMLS: 17270582

    $975,000

    Price

  • Sep 14, 2017

    Date

    Pending

    CRMLS: 17270582

    $975,000

    Price

  • Listing provided courtesy of CRMLS

    Charming 1920s Craftsman style triplex in much sought-after Mt. Washington. Each well-maintained unit comes with hardwood and tile floors, newer appliances and laundry facilities. A shared deck in the backyard overlooks an expansive backyard with endless possibilities. All units due for rent increase November 1, 2017. Seller is a licensed California real estate agent.

  • November, 1999

  • Nov 10, 1999

    Date

    Sold (Public Records)

    Public Records

    $213,000

    Price

Show More

Tax History for 840 Terrace 49

Assessed Value (2020): $299,045
Year Land Value Improved Value Assessed Value
2020 $238,906 $60,139 $299,045

Home Value Compared to the Market

This property vs the competition

840 Terrace 49 sold on December 16, 2022 for 4.62% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $584.51 per/sqft which puts the price per square foot 22.58% lower than the current median sale per square foot for the city of Los Angeles.

About 840 Terrace 49

Detailed summary of property

840 Terrace 49 is a multi family that recently sold in Los Angeles, CA 90042. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 2,130 living square feet, and sits on an approximately 7,264 square foot lot. 840 Terrace 49 was first listed on ArdentRealEstateGroup.com on June 27, 2022. The homeowner sold the property for $1,125,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 4.62% higher than the current median priced home. Local homes that are currently for sale include 3441 Maceo St, 3441 Maceo St and 321 W Avenue 37. While the average home in Los Angeles, CA is selling in 92 days, 840 Terrace 49 has a days on market of 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 840 Terrace 49 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 840 Terrace 49

Public county record property details
Beds
4
Baths
3
Year built
1925
Sq. Ft.
2,130
Lot Size
7,193
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5477-026-032

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,089,000
Median List Price/Sq.Ft.
$748
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
94
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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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