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945 S Record Ave, Los Angeles, CA 90023
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945 S Record Ave Los Angeles, CA 90023

$1,389,888
  • 20 Beds
  • 10 Baths
  • 3,283 Sq.Ft.
For Sale
$1,389,888 Get Pre-Qualified
Map preview of 945 S Record Ave, Los Angeles, CA 90023

Property Overview: 945 S Record Ave Los Angeles, CA has 20 bedrooms, 10 bathrooms, 3,283 living square feet and 5,546 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: ***DON'T MISS THIS GREAT INVESTMENT OPPORTUNITY***. Must see!!!!! There are four units on the property, two of the units have been remodeled and new roof. 2 beds and 1 bath on each unit, long-term tenants, well maintenances, pride of ownership, located in the easy access convenience public transportation.

Listed by Marcia La | BRE #01839164 | Century 21 Ludecke Inc.
Last checked: 3 minutes ago | Last updated: January 21st, 2024 | Source CRMLS | DOM: 272
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Home details

Lot Sq. Ft
5,546
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
AR23133305
City
Los Angeles
County
Los Angeles
Time on Site
293 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # 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: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,728
  • Total Rent: $1,728
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,728
  • Total Rent: $1,728
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,288
  • Total Rent: $2,288
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: $82,128
  • Net Operating Income: $59,524
  • Gross Operating Income: $82,128
Annual Expense Breakdown
  • Total Operating Expense: $22,604
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $480
  • Insurance: $1,439
  • Water/Sewer: $3,000
  • Other Expenses: $18,165
  • Other Expense Description: prop tax

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Property Details for 945 S Record Ave

Interior Features
Cooling Information
  • Has Cooling
  • Electric, Gas
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Other
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5239017022
  • Year Built Source: Other
  • 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
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: West 710 Right Whittier Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 945 S Record Ave

Last sold for $1,100,000 on February 14th, 2022

  • July, 2023

  • Jul 20, 2023

    Date

    Active

    CRMLS: AR23133305

    $1,389,888

    Price

  • July, 2023

  • Jul 18, 2023

    Date

    Expired

    CRMLS: AR22151640

    $1,389,888

    Price

  • Jul 20, 2022

    Date

    Active

    CRMLS: AR22151640

    $1,389,888

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for investing in income property. Must see!!!! There are four units on the property, two of the units have been remodeled and new roof. 2 beds and 1 bath on each unit, long term tenants, well maintenances, pride of ownership, located in the easy access convenience public transportation,

  • July, 2022

  • Jul 19, 2022

    Date

    Canceled

    CRMLS: CV22066585

    $1,295,000

    Price

  • Apr 3, 2022

    Date

    Active

    CRMLS: CV22066585

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    4-Plex for sale two of the units have been remodeled, Brand new roof. rents are being raised. each unit is 2 bedroom 1 bath one unit is Vacant.

  • February, 2022

  • Feb 14, 2022

    Date

    Sold

    CRMLS: 221006302

    $1,100,000

    Price

  • Dec 10, 2021

    Date

    Active

    CRMLS: 221006302

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    What an opportunity! Own your own four unit apartment building with long term tenants already in place! This building is made up of 4 total units, each is a mirror of a 2 bedroom 1 bath unit with parking in the rear of the unit. Potential galore on this up and coming area with this rarely on the market type property! Quad Plex zoning is hard to find!

  • July, 2005

  • Jul 22, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 945 S Record Ave

Assessed Value (2020): $206,664
Year Land Value Improved Value Assessed Value
2020 $72,262 $134,402 $206,664

Home Value Compared to the Market

This property vs the competition

945 S Record Ave is listed 12.54% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $423.36 per/sqft which puts the price per square foot 45.3% lower than the median price per square foot for the city of Los Angeles.

About 945 S Record Ave

Detailed summary of property

945 S Record Ave is a fourplex located in Los Angeles, CA 90023 and is currently for sale. This fourplex offers 20 bedrooms, 10 bathrooms, roughly 3,283 living square feet, and sits on an approximately 5,546 square foot lot. 945 S Record Ave was first listed on ArdentRealEstateGroup.com on July 20, 2023. The homeowner is currently asking $1,389,888. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.54% higher than the median priced home. Local competing homes currently for sale include 4537 E Cesar E Chavez Ave, 1004 N Hicks Ave and 927 Camulos St. While the average home in Los Angeles, CA is selling in 94 days, 945 S Record Ave has a days on market of 272 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 945 S Record 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 S Record Ave

Public county record property details
Beds
8
Baths
4
Year built
1962
Sq. Ft.
3,283
Lot Size
5,543
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
193
APN
5239-017-022

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
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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Recently Sold Homes Near 945 S Record Ave

928 S Record Ave, Los Angeles, CA 90023
$765,000 Last Sold Price
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3 Baths
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928 S Record Ave
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4100 Whittier Blvd, Los Angeles, CA 90023
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$1,050,000 Last Sold Price
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948 S Bonnie Beach Pl, Los Angeles, CA 90023
$750,000 Last Sold Price
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1724 Sq.Ft.
948 S Bonnie Beach Pl
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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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