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963 S Lorena St, Los Angeles, CA 90023
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963 S Lorena St Los Angeles, CA 90023

$2,350,000 Sold Price as of 09/28/2022
  • 30 Beds
  • 30 Baths
  • 5,028 Sq.Ft.
Sold
$2,350,000 Sold Price as of 09/28/2022 Refinance Your Mortgage
Map preview of 963 S Lorena St, Los Angeles, CA 90023

Property Overview: 963 S Lorena St Los Angeles, CA has 30 bedrooms, 30 bathrooms, 5,028 living square feet and 5,777 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity. Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance. There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info.

Listed by Hong Robert Yun | BRE #01854449 | NET Properties
Last checked: 55 seconds ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 101

Home details

Lot Sq. Ft
5,777
HOA Dues
$0/mo
Year built
2020
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
22147423
City
Los Angeles
County
Los Angeles
Time on Site
885 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.4%
  • Gross Rent Multiplier: 16.66
  • Gross Scheduled Income: --
  • Net Operating Income: $106,080
  • Gross Operating Income: $144,000
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 963 S Lorena St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Master Bathroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Oven, Range
Interior Features
  • Window Features: Double Pane Windows, Blinds, Screens
  • Security Features: Gated Community, Smoke Detector(s), Fire Sprinkler System
Exterior Features
Exterior Information
  • Roof: Concrete
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Tandem Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 4
  • Parcel Number: 5188022029
  • Year Built Source: Builder
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From Whittier Blvd, go south on Lorena St. Property is on right-hand side.
View more facts & features

Local Los Angeles Agent

Sale History for 963 S Lorena St

Last leased for $3 on April 25th, 2024

  • April, 2024

  • Apr 25, 2024

    Date

    Leased

    CRMLS: PW24072676

    $3

    Price

  • Apr 11, 2024

    Date

    Active

    CRMLS: PW24072676

    $3,199

    Price

  • Listing provided courtesy of CRMLS

    Spacious townhouse-style apartment for rent in a newer building, built in June 2020. This two-story, modern and energy-efficient unit has a desirable floor plan that consists of 3 bedrooms and 3 bathrooms with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy-efficient construction including dual pane windows, LED lighting and water conservation devices. It is located in the rapidly growing prime location of Boyle Heights, which is central to many places. It is not too far from the civic center and is approximately 3 miles from the Arts District and USC's health science campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101, and 10 freeways.

  • September, 2022

  • Sep 28, 2022

    Date

    Sold

    CRMLS: 22147423

    $2,350,000

    Price

  • Apr 18, 2022

    Date

    Active

    CRMLS: 22147423

    $2,400,000

    Price

  • September, 2022

  • Sep 26, 2022

    Date

    Canceled

    CRMLS: 22187459

    $3,200

    Price

  • Aug 8, 2022

    Date

    Active

    CRMLS: 22187459

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    4 Units NEW CONSTRUCTION completed in June 202. Unit is located front right left side of Lorena St. This 2-story, modern, energy efficient, unit is approx. 1,250 SF with a desirable floor plan that consist of 3 bedrooms and 2.5 bathrooms with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. It proximately to the civic center will be approximately 3 miles from the Arts District and USC's health science campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101, and 10 freeways - all of these are within a mile of the property.

  • April, 2022

  • Apr 18, 2022

    Date

    Leased

    CRMLS: 21110659

    $3,000

    Price

  • Dec 7, 2021

    Date

    Active

    CRMLS: 21110659

    $3,100

    Price

  • Listing provided courtesy of CRMLS

    4 Units NEW CONSTRUCTION completed in June 2020. Unit is located back left side of Lorena st. This 2-story, modern, energy efficient, unit is approx. 1,250 sf with a desirable floor plan that consist of 3 bedrooms and 2.5 bathrooms with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. It proximately to the civic center will be approximately 3 miles from the Arts District and USC's health science campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101, and 10 freeways - all of these are within a mile of the property.

  • August, 2021

  • Aug 3, 2021

    Date

    Leased

    CRMLS: 21747436

    $2,900

    Price

  • Jul 31, 2021

    Date

    Pending

    CRMLS: 21747436

    $2,900

    Price

  • Jul 26, 2021

    Date

    Price Change

    CRMLS: 21747436

    $2,900

    Price

  • Jun 23, 2021

    Date

    Price Change

    CRMLS: 21747436

    $3,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: 21747436

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    4 units NEW CONSTRUCTION completed in June 2020. Unit is located back left side of Lorena St. This 2-story, modern, energy efficient, unit is approx. 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. It proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences Campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101, and 10 freeways - all of these are within a mile of the property

  • November, 2020

  • Nov 24, 2020

    Date

    Sold

    CRMLS: DW20108434

    $1,905,000

    Price

  • Nov 3, 2020

    Date

    Pending

    CRMLS: DW20108434

    $2,000,000

    Price

  • Oct 15, 2020

    Date

    Active Under Contract

    CRMLS: DW20108434

    $2,000,000

    Price

  • Oct 15, 2020

    Date

    Active

    CRMLS: DW20108434

    $2,000,000

    Price

  • Sep 1, 2020

    Date

    Expired

    CRMLS: DW20108434

    $2,000,000

    Price

  • Jul 23, 2020

    Date

    Price Change

    CRMLS: DW20108434

    $2,000,000

    Price

  • Jun 8, 2020

    Date

    Active

    CRMLS: DW20108434

    $2,085,000

    Price

  • Listing provided courtesy of CRMLS

    STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. FULLY LEASED at 5.8% CAP Rate in Los Angeles. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity. Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance. There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info. CofO is in progress.

  • November, 2020

  • Nov 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,905,000

    Price

  • February, 2018

  • Feb 26, 2018

    Date

    Sold

    CRMLS: MB18012842

    $420,000

    Price

  • Jan 23, 2018

    Date

    Pending

    CRMLS: MB18012842

    $399,000

    Price

  • Jan 18, 2018

    Date

    Active

    CRMLS: MB18012842

    $399,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained. Excelent home for a Big Family. It shows many upgrades. 3 bedrooms and 1 bath. Additional extra bathroom and more. Big Lot for parking inside. Garage converted. Excelent location close to shopping, transportation, church and schools.

  • February, 2018

  • Feb 22, 2018

    Date

    Sold (Public Records)

    Public Records

    $405,000

    Price

Show More

Tax History for 963 S Lorena St

Assessed Value (2020): $807,762
Year Land Value Improved Value Assessed Value
2020 $421,362 $386,400 $807,762

Home Value Compared to the Market

This property vs the competition

963 S Lorena St sold on September 28, 2022 for 114.29% higher 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 $477.33 per/sqft which puts the price per square foot 34.07% lower than the current median sale per square foot for the city of Los Angeles.

About 963 S Lorena St

Detailed summary of property

963 S Lorena St is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 30 bedrooms, 30 bathrooms, roughly 5,028 living square feet, and sits on an approximately 5,777 square foot lot. 963 S Lorena St was first listed on ArdentRealEstateGroup.com on April 18, 2022. The homeowner sold the property for $2,350,000. 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 114.29% higher than the current median priced home. Local homes that are currently for sale include 411 Witmer St, 318 Columbia Ave and 3925 Barrett Rd. While the average home in Los Angeles, CA is selling in 106 days, 963 S Lorena St has a days on market of 101 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 963 S Lorena St 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 963 S Lorena St

Public county record property details
Beds
3
Baths
1
Year built
1921
Sq. Ft.
836
Lot Size
5,777
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
82
APN
5188-022-029

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
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
18
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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Recently Sold Homes Near 963 S Lorena St

967 S Lorena St, Los Angeles, CA 90023
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929 S Lorena St, Los Angeles, CA 90023
$1,950,000 Last Sold Price
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929 S Lorena St
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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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