Search
958 S Lake St, Los Angeles, CA 90006
Image 2 for 958 S Lake St, Los Angeles, CA 90006
View Photos

958 S Lake St Los Angeles, CA 90006

$3,026,000 Sold Price as of 12/01/2022
  • 12 Beds
  • 12 Baths
  • 12,696 Sq.Ft.
Sold
$3,026,000 Sold Price as of 12/01/2022 Refinance Your Mortgage
Map preview of 958 S Lake St, Los Angeles, CA 90006

Property Overview: 958 S Lake St Los Angeles, CA has 12 bedrooms, 12 bathrooms, 12,696 living square feet and 7,473 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Only $226/sf! Only 12.96x going in grm with plenty of upside...Walker's Paradise with a walk score of 95 out of 100...All ten (10) units are oversized 1+1's with approximately 1,000 sf per unit...Potential to convert the 1 bedroom units into 2 bedrooms...Separately metered for gas and electric ; Units have individual water heaters...There's a billboard on the property that can also be purchased for $300,000.

Listed by Ardy Ishal | BRE #01769601 | BRC Advisors- BH
Co-listed by Ariel Sayani | BRE #02072610 | Kidder Mathews of California, Inc.
Last checked: 13 minutes ago | Last updated: December 2nd, 2022 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
7,473
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22192251
City
Los Angeles
County
Los Angeles
Time on Site
624 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,543
  • Total Rent: $18,526
  • Pro Forma/Market Rent: $25,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.96
  • Gross Scheduled Income: --
  • Net Operating Income: $145,790
  • Gross Operating Income: $215,638
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 958 S Lake St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
Property Information
  • Total # of Units: 12
  • Parcel Number: 5136006019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: corner of Olympic Blvd. and Lake St.
View more facts & features

Local Los Angeles Agent

Sale History for 958 S Lake St

Last sold for $3,026,000 on December 1st, 2022

  • December, 2022

  • Dec 1, 2022

    Date

    Sold

    CRMLS: 22192251

    $3,026,000

    Price

  • Aug 22, 2022

    Date

    Active

    CRMLS: 22192251

    $2,880,000

    Price

  • June, 2022

  • Jun 8, 2022

    Date

    Expired

    CRMLS: 22133461

    $2,950,000

    Price

  • Mar 7, 2022

    Date

    Active

    CRMLS: 22133461

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present The Lake Apartments, a 7,473 SF 12-Unit apartment building situated on a corner lot just east of Hoover Street at the corner of Olympic Blvd and South Lake Street, in the bustling Westlake community. The building features 12 spacious 1 Bed/ 1 Bath units w/ private entrances and washer/dryer hookups, of approx. 1,000 square feet each in size. 9 units have been recently renovated with brand new kitchens & bathroom cabinets, paint and laminate wood flooring. All units are individually metered for gas and electric and each unit has a hot water heater. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Westlake/MacArthur Park as upscale real estate and commercial developments are increasingly popping up, heightening the desirability of the neighborhood. *Billboard is not included in the sale* No need for earthquake retrofit.

  • January, 2022

  • Jan 14, 2022

    Date

    Expired

    CRMLS: 21786430

    $2,995,000

    Price

  • Sep 21, 2021

    Date

    Active

    CRMLS: 21786430

    $3,098,000

    Price

  • Listing provided courtesy of CRMLS

    The Lake Apartments is a 12-Unit apartment building situated just east of Hoover Street at the corner of Olympic Blvd and South Lake Street. All of the units are massive one-bedroom apartments of approximately 1,000 square feet each. All units have front and rear entrances and their own laundry room. Units are individually metered for gas and electric and each unit has a hot water heater. The billboard is not included in the sale and there are approximately 4 parking spaces at the rear of the property. The property is situated on a 7,498 square foot corner lot with an alley in the rear.

  • December, 2019

  • Dec 3, 2019

    Date

    Leased

    CRMLS: 19523682

    $1,795

    Price

  • Oct 24, 2019

    Date

    Active

    CRMLS: 19523682

    $1,795

    Price

  • Listing provided courtesy of CRMLS

    A beautiful and spacious (1,000 square feet) 1 bed/1 bath has been renovated and is now available. This 3rd floor unit comes equipped with an updated kitchen featuring stainless-steel appliances (range/oven, refrigerator), new custom cabinetry and quartz countertops. The unit has beautiful hardwood flooring throughout, washer and dryer in unit, an upgraded bathroom, new blinds, new paint and plenty of storage space. Street parking only. Pets considered on a case by case basis. Conveniently located with great freeway access and close to Downtown.

  • December, 2008

  • Dec 3, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,140,000

    Price

Show More

Tax History for 958 S Lake St

Assessed Value (2020): $1,343,266
Year Land Value Improved Value Assessed Value
2020 $706,493 $636,773 $1,343,266

Home Value Compared to the Market

This property vs the competition

958 S Lake St sold on December 1, 2022 for 142.02% higher 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 $226.84 per/sqft which puts the price per square foot 69.95% lower than the current median sale per square foot for the city of Los Angeles.

About 958 S Lake St

Detailed summary of property

958 S Lake St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 12 bedrooms, 12 bathrooms, roughly 12,696 living square feet, and sits on an approximately 7,473 square foot lot. 958 S Lake St was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $3,026,000. 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 142.02% higher than the current median priced home. Local homes that are currently for sale include 198 S Commonwealth Ave, 1142 S Mariposa Ave and 2730 Council St. While the average home in Los Angeles, CA is selling in 92 days, 958 S Lake St has a days on market of 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 958 S Lake St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 958 S Lake St

Public county record property details
Beds
12
Baths
12
Year built
1922
Sq. Ft.
12,696
Lot Size
7,472
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,24
APN
5136-006-019

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 958 S Lake St

Nearby Homes for Sale

1144 Elden Ave, Los Angeles, CA 90006
$3,000,000
18 Beds
12 Baths
9758 Sq.Ft.
1144 Elden Ave
Los Angeles, CA 90006
1146 S Elden Ave, Los Angeles, CA 90006
$2,880,000
14 Beds
11 Baths
12306 Sq.Ft.
1146 S Elden Ave
Los Angeles, CA 90006
2951 Francis Ave, Los Angeles, CA 90005
$2,650,000
15 Beds
11 Baths
5502 Sq.Ft.
2951 Francis Ave
Los Angeles, CA 90005
2330 W 3rd St, Los Angeles, CA 90057
$2,990,000
12 Beds
12 Baths
8262 Sq.Ft.
2330 W 3rd St
Los Angeles, CA 90057
1145 S New Hampshire Ave, Los Angeles, CA 90006
$2,699,000
4 Beds
12 Baths
6710 Sq.Ft.
1145 S New Hampshire Ave
Los Angeles, CA 90006
743 S Berendo St, Los Angeles, CA 90005
$3,455,000
12 Beds
16 Baths
9955 Sq.Ft.
743 S Berendo St
Los Angeles, CA 90005
1243 S Catalina St, Los Angeles, CA 90006
$2,950,000
14 Beds
14 Baths
6166 Sq.Ft.
1243 S Catalina St
Los Angeles, CA 90006
1731 S New Hampshire Ave, Los Angeles, CA 90006
$2,695,000
16 Beds
15 Baths
5935 Sq.Ft.
1731 S New Hampshire Ave
Los Angeles, CA 90006
318 Columbia Ave, Los Angeles, CA 90017
$2,695,000
13 Beds
10 Baths
4444 Sq.Ft.
318 Columbia Ave
Los Angeles, CA 90017
3106 San Marino St, Los Angeles, CA 90006
$2,495,000
42 Beds
21 Baths
4580 Sq.Ft.
3106 San Marino St
Los Angeles, CA 90006
136 N Rampart Blvd, Los Angeles, CA 90026
$2,970,000
10 Beds
8 Baths
4448 Sq.Ft.
136 N Rampart Blvd
Los Angeles, CA 90026
136 N Rampart Blvd, Los Angeles, CA 90026
$2,970,000
10 Beds
8 Baths
4448 Sq.Ft.
136 N Rampart Blvd
Los Angeles, CA 90026

Recently Sold Homes Near 958 S Lake St

915 S Grand View St, Los Angeles, CA 90006
$960,000 Last Sold Price
5 Beds
3 Baths
2367 Sq.Ft.
915 S Grand View St
Los Angeles, CA 90006
941 S Grand View St, Los Angeles, CA 90006
$3,575,000 Last Sold Price
1 Beds
2 Baths
8100 Sq.Ft.
941 S Grand View St
Los Angeles, CA 90006
1040 S Lake St, Los Angeles, CA 90006
$2,250,000 Last Sold Price
20 Beds
16 Baths
7392 Sq.Ft.
1040 S Lake St
Los Angeles, CA 90006
812 S Grand View St, Los Angeles, CA 90057
$2,010,000 Last Sold Price
17 Beds
12 Baths
7476 Sq.Ft.
812 S Grand View St
Los Angeles, CA 90057

Related Resources to 958 S Lake St

New Listings in 90006
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote