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945 Orme Ave, Los Angeles, CA 90023
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945 Orme Ave Los Angeles, CA 90023

$440,000 Sold Price as of 09/24/2019
  • 3 Beds
  • 2 Baths
  • 1,604 Sq.Ft.
Sold
$440,000 Sold Price as of 09/24/2019 Refinance Your Mortgage
Map preview of 945 Orme Ave, Los Angeles, CA 90023

Property Overview: 945 Orme Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,604 living square feet and 6,738 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Don't miss this opportunity to own TWO UNITS. Address is 945 & 947 Orme Ave. Los Angeles, CA. Located in the vibrant, historic, Boyle Heights Community of Los Angeles. A few minutes from Downtown L.A. GREAT BUY for home ownership or investment. Front unit is one Bedroom, Living Rm, Dining Rim, Kitchen, Bath & Service Porch. Rear unit has 2 Bedrooms, Living Rm, Kitchen, Bath & Service Porch. A 2 car garage and additional drive way parking. Back yard for family entertaining. A little TLC will make these units charming. Transaction will be a 1031 Exchange.

Listed by Allen Volkoff | BRE #00426643 | Alliance Residential
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
6,738
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
IG19167010
City
Los Angeles
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $580
  • Total Rent: $580
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $1,380
  • Net Operating Income: $1,116
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $264
  • New Taxes: $61
  • Trash: $16
  • Insurance: $91
  • Water/Sewer: $96

Property Details for 945 Orme Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room, Washer Hookup
Room Information
  • Flooring: Carpet, Laminate, Vinyl
  • All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Water Heater
Interior Features
  • Levels: One
  • Security Features: Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Composition
  • 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: 5
  • Has Parking
  • Parking Features: Driveway, Garage Faces Front, Garage - Two Door, Shared Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5189012027
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: One half block South of Whittier Blvd. Three blocks East of Soto St.
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 945 Orme Ave

Last sold for $440,000 on September 24th, 2019

  • September, 2019

  • Sep 26, 2019

    Date

    Sold

    CRMLS: IG19167010

    $440,000

    Price

  • Jul 27, 2019

    Date

    Pending

    CRMLS: IG19167010

    $450,000

    Price

  • Jul 18, 2019

    Date

    Active

    CRMLS: IG19167010

    $450,000

    Price

  • September, 2019

  • Sep 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $440,000

    Price

  • June, 2008

  • Jun 2, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 945 Orme Ave

Assessed Value (2020): $440,000
Year Land Value Improved Value Assessed Value
2020 $340,000 $100,000 $440,000

Home Value Compared to the Market

This property vs the competition

945 Orme Ave sold on September 24, 2019 for 57.14% lower than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $280.55 per/sqft which puts the price per square foot 61.99% lower than the current median sale per square foot for the city of Los Angeles.

About 945 Orme Ave

Detailed summary of property

945 Orme Ave is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,604 living square feet, and sits on an approximately 6,738 square foot lot. 945 Orme Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $440,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 57.14% lower than the current median priced home. While the average home in Los Angeles, CA is selling in 96 days, 945 Orme Ave has a days on market of 41 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 945 Orme Ave Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 945 Orme Ave

Public county record property details
Beds
3
Baths
2
Year built
1924
Sq. Ft.
1,598
Lot Size
6,737
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
40
APN
5189-012-027

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
18
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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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