8425 S Western Ave Los Angeles, CA 90047

$2,275,000 Sold Price as of 08/10/2018

12 Beds
10 Baths
6,446 Sq.Ft.

Off Market

$2,275,000 Sold Price as of 08/10/2018 Refinance Your Mortgage

Map preview of 8425 S Western Ave, Los Angeles, CA 90047

Property Overview: 8425 S Western Ave Los Angeles, CA has 12 bedrooms, 10 bathrooms, 6,446 living square feet and 7,221 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8425 S Western Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $249,800 for the down payment and will need roughly $24,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 8425 S Western Ave

Last sold for $2,275,000 on August 10th, 2018

April, 2024
Apr 10, 2024

Date

Expired

CRMLS: 23323765

$4,100,000

Price
Oct 20, 2023

Date

Active

CRMLS: 23323765

$4,100,000

Price
Listing provided courtesy of CRMLS

We are pleased to announce the opportunity to purchase 19 multifamily units at 8419 and 8425 S. Western Avenue located in the Manchester Square neighborhood of South Los Angeles. With 15 out of 17 original units renovated and two new ADUs, this opportunity will not require any heavy lifting and as most of the work has already been completed. With the overwhelming need for affordable housing in the area, investors can realize an additional 25% upside as units turn over and can maximize on the increasing payments standards from HACLA and Section 8. This opportunity also offers an assumable loan of $2,422,000 with extremely attractive terms that will allow an investor to yield over an 8% cash-on-cash return. Built in 1959 and 1960, the two adjacent properties are comprised of two-story structures that include a unit mix of sixteen 1bed/1bath units and three 2bed/1bath units. Of these units, two of the 1bed/1bath are newer ADUs with split system HVAC. The properties provide tenants with twelve parking spaces that include a combination of tuck-under and open spaces at the rear and 84th Place side of the property. There is no landscaping, and all units are individually metered for gas and electricity. Seismic retrofitting has already been completed and 8425 S. Western has received electrical upgrades. Plumbing upgrades have been completed as units have been renovated. Located east of Western and north of Manchester, 8419 and 8425 S Western is located on one of the main thoroughfares in the city of Los Angeles. Residents of this property are within a short distance to multiple bus stops located on Manchester and St. Andrews Recreation Center. This opportunity is located 2 miles east, or an 8-minute car drive, from The Forum, Sofi Stadium, YouTube Theater, Hollywood Park Casino, and many more restaurants, retail, and places of business located in Inglewood between Century Blvd and Manchester. The property is within a short distance to the 110 Freeway allowing tenants who are commuters with ease of access throughout the city of Los Angeles

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August, 2018
Aug 10, 2018

Date

Sold (Public Records)

Public Records

$2,275,000

Price

Tax History for 8425 S Western Ave

Assessed Value (2020): $1,634,140

Year	Land Value	Improved Value	Assessed Value
2020	$1,020,000	$614,140	$1,634,140

About 8425 S Western Ave

Detailed summary of property

8425 S Western Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90047 and last sold on August 10, 2018 for $2,275,000. This property has 12 bedrooms, 10 bathrooms, roughly 6,446 living square feet, and sits on an approximately 7,221 square foot lot. Homes in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 116.67% higher than the current median priced home. 8425 S Western Ave was last sold on August 10, 2018 for $2,275,000. Local nearby listings include 7611 S Denker Ave, 1425 W 79th St and 9130 S Wilton Pl. The average home in Los Angeles, CA is selling in 97 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. If you are the homeowner and looking to sell the home at 8425 S Western Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8425 S Western Ave

Public county record property details

Beds: 12
Baths: 10
Year built: 1960
Sq. Ft.: 6,446
Lot Size: 7,221
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9,10
APN: 6035-024-029

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$758,000

Median List Price/Sq.Ft.

$540

Median Sold Price

$755,000

Median Sold Price/Sq.Ft.

$541

Total Inventory

Median Sale to List Price %

104.86%

Avg Days on Market

Loan Type

Conventional (52.38%), FHA (4.76%), VA (0%), Cash (14.29%), Other (19.05%)

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