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9232 Success Ave, Los Angeles, CA 90002
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9232 Success Ave Los Angeles, CA 90002

$1,100,000 Sold Price as of 06/09/2023
  • 7 Beds
  • 4 Baths
  • 3,958 Sq.Ft.
Sold
$1,100,000 Sold Price as of 06/09/2023 Refinance Your Mortgage
Map preview of 9232 Success Ave, Los Angeles, CA 90002

Property Overview: 9232 Success Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,958 living square feet and 9,696 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PERFECT INVESTMENT OPPORTUNITY IN A QUICKLY GROWING AREA OF SOUTH LA. This charming quadraplex has been owned and cared for by the same family since its origination. Interior neighborhood location offers luscious green scape views of a large nursery situated across the street. The front unit is a freestanding single family home featuring a large welcoming front porch, 2 bedrooms, one full bathroom, vintage kitchen and newer laminate faux wood floors. The center courtyard offers parking for the first unit and large mature fruit trees. The second building is a triplex comprised of two 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit. All of the four units are individually metered. Two of the rear units could use paint and fresh carpet and one of the units has recent modern upgrades. The entire property is outfitted with high ceilings, vintage aesthetics and tray ceilings. To the rear of the property is room for more parking and a large fruit producing avocado tree. Finally a detached two car garage completes this property where a utility room could house laundry facilities or expand the possibilities by adding on an ADU. High demand rental area, TOC Tier 2 and Opportunity Funds available; per Zimas, buyer to verify. The potential of this investment ready quadraplex is available now for its new owner to further maximize its earning potential. This one will not last long, so submit your best offer today!

Listed by Jennifer Harris | BRE #01798819 | The Shire Real Estate Group
Last checked: 3 minutes ago | Last updated: June 9th, 2023 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
9,696
HOA Dues
$0/mo
Year built
1934
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW23065078
City
Los Angeles
County
Los Angeles
Time on Site
362 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.9%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,000
  • Net Operating Income: $105,357
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,643
  • Trash: $576
  • Insurance: $2,959
  • Water/Sewer: $3,600

Virtual Tour

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Property Details for 9232 Success Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • None, In Garage, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile, Wood
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Ceiling Fan(s), Chair Railings, Coffered Ceiling(s), Crown Molding, High Ceilings, In-Law Floorplan, Tile Counters, Tray Ceiling(s)
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Wire, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Paved, Garage, On Site
Lot Information
  • Lot Features: Front Yard, Lawn, Near Public Transit, Park Nearby, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 6048001006
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: From the I-105 Fwy take exit 9 - Central Ave and head north. At fork in road veer to the right, onto Hooper Ave. Then turn right onto E. 92nd st. Then make a right onto Success Ave. Property is on the left.
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 9232 Success Ave

Last sold for $1,100,000 on June 9th, 2023

  • June, 2023

  • Jun 9, 2023

    Date

    Sold

    CRMLS: PW23065078

    $1,100,000

    Price

  • Apr 20, 2023

    Date

    Active

    CRMLS: PW23065078

    $1,199,000

    Price

  • April, 2023

  • Apr 3, 2023

    Date

    Canceled

    CRMLS: SR23018320

    $995,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: SR23018320

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    First time on the Market! This property consists of a front house and 3 units. Each unit has formal dining room. A courtyard is between the house and units. In the courtyard there are lemon, grapefruit, and orange trees. The backyard has an avocado tree. Long driveway provides parking. There is also a garage which has ADU potential. Each unit is separately metered.

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Tax History for 9232 Success Ave

Assessed Value (2020): $452,720
Year Land Value Improved Value Assessed Value
2020 $185,936 $266,784 $452,720

Home Value Compared to the Market

This property vs the competition

9232 Success Ave sold on June 9, 2023 for 6.11% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $302.93 per/sqft which puts the price per square foot 59.82% lower than the current median sale per square foot for the city of Los Angeles.

About 9232 Success Ave

Detailed summary of property

9232 Success Ave is a fourplex that recently sold in Los Angeles, CA 90002. This fourplex offered 7 bedrooms, 4 bathrooms, roughly 3,958 living square feet, and sits on an approximately 9,696 square foot lot. 9232 Success Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,100,000. 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 6.11% higher than the current median priced home. Local homes that are currently for sale include 906 E 109th St, 1228 E 76th St and 1327 E 75th St. While the average home in Los Angeles, CA is selling in 94 days, 9232 Success Ave has a days on market of 8 days. There are currently 3780 homes for sale in the Los Angeles real estate market and 2562 of them are single family homes while 1120 of them are condos and 92 are townhomes. For more information on this home for sale at 9232 Success Ave Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 9232 Success Ave

Public county record property details
Beds
7
Baths
4
Year built
1934
Sq. Ft.
3,958
Lot Size
9,696
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
6048-001-006

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$580,000
Median List Price/Sq.Ft.
$526
Median Sold Price
$580,000
Median Sold Price/Sq.Ft.
$462
Total Inventory
38
Median Sale to List Price %
98.81%
Avg Days on Market
48
Loan Type
Conventional (21.43%), FHA (50%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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