9308 Holmes Ave, Los Angeles, CA 90002
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9308 Holmes Ave Los Angeles, CA 90002

$940,000 Sold Price as of 10/02/2023
  • 6 Beds
  • 5 Baths
  • 2,552 Sq.Ft.
Sold
$940,000 Sold Price as of 10/02/2023 Refinance Your Mortgage

Map preview of 9308 Holmes Ave, Los Angeles, CA 90002

Property Overview: 9308 Holmes Ave Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,552 living square feet and 7,154 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment. Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options. Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions. Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value. Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns. Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space. Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.

Listed by Venus Martinez | BRE #01206834 | Redfin Corporation
Last checked: 4 minutes ago | Last updated: October 4th, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
7,154
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
SB23143175
City
Los Angeles
County
Los Angeles
Time on Site
275 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # 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: $2,300
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: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $67,140
  • Net Operating Income: $45,285
  • Gross Operating Income: $67,140
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
Annual Expense Breakdown
  • Total Operating Expense: $21,855
  • Electric: $0
  • New Taxes: $10,876
  • Furniture Replacement: $0
  • Trash: $3,300
  • Cable TV: $0
  • Gardener: $1,200
  • Insurance: $3,143
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $3,336

Property Details for 9308 Holmes Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Baseboard
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Multi/Split
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: 6
  • Has Parking
  • Parking Features: Assigned, Driveway, Asphalt, Concrete
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 6048033017
  • Year Built Source: Builder
  • Architectural Style: Traditional
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South on Compton Ave. Left on 92nd Right on Holmes Ave.
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

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Sale History for 9308 Holmes Ave

Last sold for $940,000 on October 2nd, 2023
  • October, 2023

  • Oct 2, 2023

    Date

    Sold

    CRMLS: SB23143175

    $940,000

    Price

  • Aug 3, 2023

    Date

    Active

    CRMLS: SB23143175

    $849,900

    Price

Tax History for 9308 Holmes Ave

Assessed Value (2020): $84,451
Year Land Value Improved Value Assessed Value
2020 $18,564 $65,887 $84,451

Home Value Compared to the Market

This property vs the competition

9308 Holmes Ave sold on October 2, 2023 for 28.58% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $333.03 per/sqft which puts the price per square foot 55.89% lower than the current median sale per square foot for the city of Los Angeles.

About 9308 Holmes Ave

Detailed summary of property

9308 Holmes Ave is a mixed use that recently sold in Los Angeles, CA 90002. This mixed use property offered 6 bedrooms, 5 bathrooms, roughly 2,552 living square feet, and sits on an approximately 7,154 square foot lot. 9308 Holmes Ave was first listed on ArdentRealEstateGroup.com on August 4, 2023. The homeowner sold the property for $940,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.58% lower than the current median priced home. Local homes that are currently for sale include 420 S San Pedro St #104, 801 S Grand Ave #1904 and 820 Columbia Ave. While the average home in Los Angeles, CA is selling in 96 days, 9308 Holmes Ave has a days on market of 15 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 9308 Holmes 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 9308 Holmes Ave

Public county record property details
Beds
10
Baths
5
Year built
1955
Sq. Ft.
2,552
Lot Size
7,153
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
65
APN
6048-033-017

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
$590,000
Median List Price/Sq.Ft.
$479
Median Sold Price
$595,000
Median Sold Price/Sq.Ft.
$497
Total Inventory
37
Median Sale to List Price %
101.02%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (16.67%), Other (8.33%)

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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.