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840 W 52Nd St, Los Angeles, CA 90037
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840 W 52Nd St Los Angeles, CA 90037

$1,250,000
  • 15 Beds
  • 6 Baths
  • 5,195 Sq.Ft.
For Sale
$1,250,000 Get Pre-Qualified
Map preview of 840 W 52Nd St, Los Angeles, CA 90037

Property Overview: 840 W 52Nd St Los Angeles, CA has 15 bedrooms, 6 bathrooms, 5,195 living square feet and 6,800 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: We are pleased to offer for sale a five-unit apartment community located at 840 West 52nd Street. The subject property is located north of Slauson Avenue and west of Hoover Street. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase.South Los Angeles is located south of Downtown Los Angeles. The subject property is located less than two miles from the University of Southern California and less than six miles from Downtown Los Angles. Situated on a 6,802 square foot parcel, the property is comprised entirely of three-bedroom units. The property has 58% remaining rental upside through unit renovations along with on-site parking for every unit. The proximity to major employers and freeway access for residents, along with the value-add potential for a new owner to continue improvements and achieve superior market rents moving forward, make 840 West 52nd Street an excellent acquisition opportunity.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: May 14th, 2024 | Source CRMLS | DOM: 13
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Home details

Lot Sq. Ft
6,800
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24388361
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,634
  • Total Rent: $1,634
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,682
  • Total Rent: $1,682
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,648
  • Total Rent: $1,648
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,902
  • Total Rent: $1,902
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.35%
  • Gross Rent Multiplier: 10.83
  • Gross Scheduled Income: --
  • Net Operating Income: $66,852
  • Gross Operating Income: $111,933
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 840 W 52Nd St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two, Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5001003010
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of 110 Freeway & North of Slauson Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 840 W 52Nd St

View property's historical transactions

  • May, 2024

  • May 6, 2024

    Date

    Active

    CRMLS: 24388361

    $1,250,000

    Price

Tax History for 840 W 52Nd St

Assessed Value (2020): $102,388
Year Land Value Improved Value Assessed Value
2020 $23,053 $79,335 $102,388

Home Value Compared to the Market

This property vs the competition

840 W 52Nd St is listed 0% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $240.62 per/sqft which puts the price per square foot 69.03% lower than the median price per square foot for the city of Los Angeles.

About 840 W 52Nd St

Detailed summary of property

840 W 52Nd St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 15 bedrooms, 6 bathrooms, roughly 5,195 living square feet, and sits on an approximately 6,800 square foot lot. 840 W 52Nd St was first listed on ArdentRealEstateGroup.com on May 6, 2024. The homeowner is currently asking $1,250,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0% higher than the median priced home. Local competing homes currently for sale include 5321 Denker Ave, 1317 W 40th Pl and 232 W 40th Pl. While the average home in Los Angeles, CA is selling in 92 days, 840 W 52Nd St has a days on market of 13 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 W 52Nd St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 840 W 52Nd St

Public county record property details
Beds
15
Baths
6
Year built
1965
Sq. Ft.
5,195
Lot Size
6,800
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
74
APN
5001-003-010

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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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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