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915 E 23Rd St, Los Angeles, CA 90011
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915 E 23Rd St Los Angeles, CA 90011

$945,000 Sold Price as of 07/01/2022
  • 29 Beds
  • 17 Baths
  • 4,164 Sq.Ft.
Sold
$945,000 Sold Price as of 07/01/2022 Refinance Your Mortgage
Map preview of 915 E 23Rd St, Los Angeles, CA 90011

Property Overview: 915 E 23Rd St Los Angeles, CA has 29 bedrooms, 17 bathrooms, 4,164 living square feet and 6,258 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to own a Quadruplex in the Historic South Central area, appx. 2 miles from the University of Southern California (USC). Property features 4 spacious units, of which are divided between two separate buildings. 4164 square footage of living space and 6,258 square footage of lot size. Property is centrally located near Downtown LA. This area offers investor/buyers a significant upside in future rental potential due to the dense rental area and the major construction developments in the area which include the new seven story development being built on Adams/Grand which will have 296 units of housing and 5,000 square feet of commercial space. Also, the new Multi-Housing development, featuring 105 residential units along with commercial space spanning an area of 7,300 square feet. Property is also near LA Live, Banc of California Stadium, LA Memoria Coliseum, Crypto.Com Arena, Dodger Stadium, Union Station, restaurants, 10 & 110 Freeways and much more. This property is a must see!!!

Listed by Walner H Hernandez | BRE #01318574 | RE/MAX Alliance Group
Last checked: 4 minutes ago | Last updated: November 8th, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
6,258
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22135207
City
Los Angeles
County
Los Angeles
Time on Site
842 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,710
  • Total Rent: $1,710
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,512
  • Total Rent: $1,512
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,270
  • Total Rent: $1,270
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 12.58
  • Gross Scheduled Income: --
  • Net Operating Income: $49,143
  • Gross Operating Income: $79,104
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $12,437
  • Insurance: $614
  • Maintenance: $4,700
  • Other Expenses: $9,815

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 915 E 23Rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
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: 2
  • Has Parking
  • Parking Features: Detached Carport, Garage
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5131016026
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: San Pedro St. & 23rd St.
View more facts & features

Local Los Angeles Agent

Sale History for 915 E 23Rd St

Last sold for $945,000 on July 1st, 2022

  • July, 2022

  • Jul 1, 2022

    Date

    Sold

    CRMLS: 22135207

    $945,000

    Price

  • Mar 14, 2022

    Date

    Active

    CRMLS: 22135207

    $995,000

    Price

  • September, 2021

  • Sep 14, 2021

    Date

    Active

    CRMLS: MB21202496

    $940,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2019

  • Aug 25, 2019

    Date

    Expired

    CRMLS: MB18209324

    $829,000

    Price

  • Mar 14, 2019

    Date

    Withdrawn

    CRMLS: MB18209324

    $829,000

    Price

  • Feb 14, 2019

    Date

    Pending

    CRMLS: MB18209324

    $829,000

    Price

  • Nov 27, 2018

    Date

    Active Under Contract

    CRMLS: MB18209324

    $829,000

    Price

  • Nov 19, 2018

    Date

    Active

    CRMLS: MB18209324

    $829,000

    Price

  • Oct 12, 2018

    Date

    Active Under Contract

    CRMLS: MB18209324

    $829,000

    Price

  • Aug 27, 2018

    Date

    Active

    CRMLS: MB18209324

    $829,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY!! This 4 unit property has 2 - 3 bedroom 1 bath units, a 4 bedroom 2 bath unit, and a 2 bedroom 2 bath unit. Close to schools, shopping and freeway.

  • March, 2004

  • Mar 2, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 1997

  • Sep 15, 1997

    Date

    Sold (Public Records)

    Public Records

    $152,250

    Price

Show More

Tax History for 915 E 23Rd St

Assessed Value (2020): $402,990
Year Land Value Improved Value Assessed Value
2020 $143,340 $259,650 $402,990

Home Value Compared to the Market

This property vs the competition

915 E 23Rd St sold on July 1, 2022 for 21.9% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $238.95 per/sqft which puts the price per square foot 69.79% lower than the current median sale per square foot for the city of Los Angeles.

About 915 E 23Rd St

Detailed summary of property

915 E 23Rd St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 29 bedrooms, 17 bathrooms, roughly 4,164 living square feet, and sits on an approximately 6,258 square foot lot. 915 E 23Rd St was first listed on ArdentRealEstateGroup.com on March 14, 2022. The homeowner sold the property for $945,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 21.9% lower than the current median priced home. Local homes that are currently for sale include 1170 E 46th St, 4210 Woodlawn Ave and 4216 Woodlawn Ave. While the average home in Los Angeles, CA is selling in 100 days, 915 E 23Rd St has a days on market of 60 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 915 E 23Rd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 915 E 23Rd St

Public county record property details
Beds
14
Baths
2
Year built
--
Sq. Ft.
4,164
Lot Size
6,257
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5131-016-026

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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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.

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