923 N Alma Ave, Los Angeles, CA 90063
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923 N Alma Ave Los Angeles, CA 90063

$905,000
  • 5 Beds
  • 2 Baths
  • 1,880 Sq.Ft.
For Sale
$905,000 Get Pre-Qualified

Map preview of 923 N Alma Ave, Los Angeles, CA 90063

Property Overview: 923 N Alma Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,880 living square feet and 7,280 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: Welcome to your next great investment in East Los Angeles! Looking for a renovation project with huge potential? You've just found it. This duplex is ideal for CASH buyers eager to dive into a project that promises big returns. Picture this: two detached units waiting for your magic touch. The first is a cozy 3-bedroom, 1-bathroom space spanning 1,459 sqft, while the second offers a 2-bedroom, 1-bathroom layout across 1,569 sqft. Both units are primed for updates and custom redesigns to truly make them shine.But wait, there's more! The real kicker? You can boost your rental income with up to 2 Additional Dwelling Units (ADUs) and one Junior ADU, thanks to the property's eligible zoning. Located at the hub of major freeways (10, 5, 710, and 60), your tenants will enjoy unparalleled access to all corners of Los Angeles. Plus, no worries about rent control here--this property isn't subject to the Rent Stabilization Ordinance. Don't miss out, come see the potential and start planning your dream project today!Anterior Photo digitally enhanced.

Listed by Sonia Navarrete | BRE #01704254 | Berkshire Hathaway HomeServices California Properties
Last checked: 15 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 15
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,280
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Duplex
Status
Active
MLS#
P1-17485
City
Los Angeles
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: --
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $720
  • Gas/Fuel: $300
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $840

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Property Details for 923 N Alma Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
Laundry Information
  • Has Laundry
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Exterior Features
Exterior Information
  • Has Fence
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 2
  • Has Parking
Lot Information
  • Lot Features: Yard, Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 5231019017
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: Exit Fwy 1-10 E , Rt on Soto St, Left on Wabash, slight right to stay on Wabash Ave, Turn Rt on N Alama Ave
Neighborhood Information
  • Community Features: Storm Drains, Sidewalks
View more facts & features

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Sale History for 923 N Alma Ave

View property's historical transactions
  • May, 2024

  • May 2, 2024

    Date

    Active

    CRMLS: P1-17485

    $905,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: DW23157011

    $799,999

    Price

  • Aug 22, 2023

    Date

    Active

    CRMLS: DW23157011

    $79,999

    Price

  • Listing provided courtesy of CRMLS

    WELCOME TO THE HEART OF CITY TERRACE! THIS 2 UNIT PROPERTY IS PERFECT FOR AN INVESTOR OR SOMEONE LOOKING FOR A "FIXER" PROPERTY TO MAKE THEIR OWN! ****BOTH UNITS WILL BE DELIVERED VACANT****ZONED R2, THIS MULTI-UNIT PROPERTY SITS ON A LARGE LOT WITH POTENTIAL INCLUDING A POSSIBILITY FOR AN ADU ABOVE ONE OF THE UNITS. FIRST UNIT CONSISTS OF 3 BEDROOM 1 BATH PLUS A BONUS ROOM. SECOND UNIT IS 2 BEDROOM 1 BATH. THIS PROPERTY SITS CONVENIENTLY IN AN UP-AND-COMING NEIGHBORHOOF, NEAR FWYS, SHOPPING CENTERS, DODGER STADIUM, METRO'S GOLD LINE, GREAR SCHOOLS, AND MUCH MORE! DON'T MISS OUT ON THIS OPPORTUNITY.

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Tax History for 923 N Alma Ave

Assessed Value (2020): $40,293
Year Land Value Improved Value Assessed Value
2020 $21,942 $18,351 $40,293

Home Value Compared to the Market

This property vs the competition

923 N Alma Ave is listed 27.6% lower 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 $481.38 per/sqft which puts the price per square foot 38.05% lower than the median price per square foot for the city of Los Angeles.

About 923 N Alma Ave

Detailed summary of property

923 N Alma Ave is a duplex located in Los Angeles, CA 90063 and is currently for sale. This duplex offers 5 bedrooms, 2 bathrooms, roughly 1,880 living square feet, and sits on an approximately 7,280 square foot lot. 923 N Alma Ave was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $905,000. 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 27.6% lower than the median priced home. Local competing homes currently for sale include 2530 Ganahl St, 459 Forest Ave and 158 N Townsend Ave. While the average home in Los Angeles, CA is selling in 92 days, 923 N Alma Ave has a days on market of 15 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 923 N Alma Ave Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 923 N Alma Ave

Public county record property details
Beds
5
Baths
2
Year built
1922
Sq. Ft.
1,880
Lot Size
7,280
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
5231-019-017

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$615,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
32
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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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.