945 N Townsend Ave, Los Angeles, CA 90063
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945 N Townsend Ave Los Angeles, CA 90063

$760,000 Sold Price as of 07/21/2021
  • 12 Beds
  • 13 Baths
  • 2,896 Sq.Ft.
Sold
$760,000 Sold Price as of 07/21/2021 Refinance Your Mortgage

Map preview of 945 N Townsend Ave, Los Angeles, CA 90063

Property Overview: 945 N Townsend Ave Los Angeles, CA has 12 bedrooms, 13 bathrooms, 2,896 living square feet and 7,397 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Spectacular Opportunity, Exceptional Investment Triplex with a non-conforming fourth unit, located in the desirable area of City Terrace. Conveniently located within a short distance to LAC-USC Medical Center, Keck Hospital USC, and California State University. The property consists of two separate buildings, The back unit is a two stories 2 bedrooms 2 baths renovated, front house with a duplex, two bedrooms one baths each, and an attached studio on the back. Centrally located within minutes to Downtown LA, LA Live, and Bunker Hill. THIS IS A MUST-SEE PROPERTY. Call the listing agent for more details.

Listed by Walter Castillo | BRE #01141632 | Coldwell Banker Realty
Last checked: 2 minutes ago | Last updated: February 16th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,397
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21737040
City
Los Angeles
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,385
  • Total Rent: $1,385
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $575
  • Total Rent: $575
  • Pro Forma/Market Rent: $750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.32%
  • Gross Rent Multiplier: 10.76
  • Gross Scheduled Income: --
  • Net Operating Income: $40,820
  • Gross Operating Income: $54,120
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $9,600
  • Insurance: $1,200
  • Water/Sewer: $2,500

Property Details for 945 N Townsend Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Carport, Direct Garage Access, Assigned
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5231009018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Ditman / South of City Terrace Drive
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Sale History for 945 N Townsend Ave

Last sold for $760,000 on July 21st, 2021
  • July, 2021

  • Jul 24, 2021

    Date

    Sold

    CRMLS: 21737040

    $760,000

    Price

  • Jun 12, 2021

    Date

    Pending

    CRMLS: 21737040

    $768,000

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: 21737040

    $768,000

    Price

Tax History for 945 N Townsend Ave

Assessed Value (2020): $69,651
Year Land Value Improved Value Assessed Value
2020 $25,950 $43,701 $69,651

Home Value Compared to the Market

This property vs the competition

945 N Townsend Ave sold on July 21, 2021 for 31.43% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $265.19 per/sqft which puts the price per square foot 63.37% lower than the current median sale per square foot for the city of Los Angeles.

About 945 N Townsend Ave

Detailed summary of property

945 N Townsend Ave is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 12 bedrooms, 13 bathrooms, roughly 2,896 living square feet, and sits on an approximately 7,397 square foot lot. 945 N Townsend Ave was first listed on ArdentRealEstateGroup.com on May 26, 2021. The homeowner sold the property for $760,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 31.43% lower than the current median priced home. Local homes that are currently for sale include 818 N Fickett, 818 N Fickett and 127 S Evergreen Ave. While the average home in Los Angeles, CA is selling in 106 days, 945 N Townsend Ave has a days on market of 16 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 945 N Townsend 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 945 N Townsend Ave

Public county record property details
Beds
9
Baths
4
Year built
1966
Sq. Ft.
2,896
Lot Size
7,396
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5231-009-018

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
$675,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
42
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

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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.