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900 W College St #1 Los Angeles, CA 90012

$2,460,000 Sold Price as of 03/11/2020

19 Beds
10 Baths
-- Sq.Ft.

Sold

$2,460,000 Sold Price as of 03/11/2020 Refinance Your Mortgage

Map preview of 900 W College St #1, Los Angeles, CA 90012

Property Overview: 900 W College St #1 Los Angeles, CA has 19 bedrooms, 10 bathrooms, -- living square feet and 6,808 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 900 West College Street, an 8-unit multifamily investment asset located in the culturally dynamic and rapidly developing neighborhood of Chinatown. Located just north of Sunset Boulevard, the subject property is conveniently located near a diverse selection of charming cafes, highly reviewed restaurants and boutique retail destinations. Additionally, its' proximity to the 110 and 101 Freeways provides residents easy access to employment and entertainment hubs throughout the Greater Los Angeles Area. Please note, the townhouse currently serves as the owner's unit and will be delivered vacant upon close of escrow. The units offer a significant value-add opportunity to potential investors, as current rents are approximately 39% below market value for nicely remodeled units in the area.

Listed by Kenny Stevens | BRE #01090251 | Compass
Co-listed by Shannon Fenton | BRE #01906521 | Compass

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft: 6,808
HOA Dues: $0/mo
Year built: 1969
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19534576
City: Los Angeles
County: Los Angeles
Time on Site: 1263 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1

Unit Breakdown 1

# of Units: --
# of Beds: 4
# of Baths: 3
Actual Rent: $3,600
Total Rent: --

Unit Breakdown 2

# of Units: --
# of Beds: 3
# of Baths: 1
Actual Rent: $1,645
Total Rent: --

Unit Breakdown 3

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,857
Total Rent: --

Unit Breakdown 4

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,350
Total Rent: --

Unit Breakdown 5

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,002
Total Rent: --

Unit Breakdown 6

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,639
Total Rent: --

Unit Breakdown 7

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,900
Total Rent: --

Unit Breakdown 8

# of Units: --
# of Beds: 2
# of Baths: 1
Actual Rent: $1,352
Total Rent: --

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.92
Gross Scheduled Income: --
Net Operating Income: $102,589
Gross Operating Income: $168,656

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 900 W College St #1

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Community

Kitchen Information

Has Appliances
Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Attached Carport

Property Information

Total # of Units: 8
Parcel Number: 5406028010

Location / Neighborhood

Location Information

Directions: On the corner of College Street and Figueroa Terrace.

View more facts & features

Local Los Angeles Agent

Sale History for 900 W College St #1

Last sold for $2,460,000 on March 11th, 2020

March, 2020
Mar 11, 2020

Date

Sold

CRMLS: 19534576

$2,460,000

Price
Jan 19, 2020

Date

Active Under Contract

CRMLS: 19534576

$2,580,000

Price
Dec 5, 2019

Date

Active

CRMLS: 19534576

$2,580,000

Price
March, 2020
Mar 4, 2020

Date

Sold (Public Records)

Public Records

$2,460,000

Price

Tax History for 900 W College St #1

Assessed Value (2020): $286,457

Year	Land Value	Improved Value	Assessed Value
2020	$44,358	$242,099	$286,457

Home Value Compared to the Market

This property vs the competition

900 W College St #1 sold on March 11, 2020 for 128.32% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 900 W College St #1

Detailed summary of property

900 W College St #1 is a multi family that recently sold in Los Angeles, CA 90012. This multi family property offered 19 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately 6,808 square foot lot. 900 W College St #1 was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,460,000. 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 128.32% higher than the current median priced home. Local homes that are currently for sale include 743 N Occidental Blvd, 819 Beacon Ave and 2626 Corralitas Dr. While the average home in Los Angeles, CA is selling in 99 days, 900 W College St #1 has a days on market of 37 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 900 W College St #1 Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 900 W College St #1

Public county record property details

Beds: 19
Baths: 12
Year built: 1969
Sq. Ft.: 8,054
Lot Size: 6,808
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 173
APN: 5406-028-010

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$607

Median Sold Price

$550,000

Median Sold Price/Sq.Ft.

$468

Total Inventory

Median Sale to List Price %

88%

Avg Days on Market

125

Loan Type

Conventional (16.67%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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.