977 Marview Ave Los Angeles, CA 90012

$495,000 Sold Price as of 04/01/2004

5 Beds
5 Baths
3,574 Sq.Ft.

Off Market

$495,000 Sold Price as of 04/01/2004 Refinance Your Mortgage

Map preview of 977 Marview Ave, Los Angeles, CA 90012

Property Overview: 977 Marview Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,574 living square feet and 4,476 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

977 Marview Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 977 Marview Ave

Last sold for $495,000 on April 1st, 2004

January, 2022
Jan 19, 2022

Date

Canceled

CRMLS: 21798316

$1,765,000

Price
Oct 22, 2021

Date

Active

CRMLS: 21798316

$1,765,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 977 Marview Ave, a five-unit opportunity located in the highly sought-after cusp of the Chinatown and Echo Park submarkets of Northeast Los Angeles. The property sits on a 4,477 square foot lot with recently touched up units, consisting of four one-bedroom units and one studio unit. Being on the cusp of two hot submarkets, the subject property is positioned to take full advantage of the high-demand rental market of Echo Park and the low-inventory of Chinatown. Delivered with 2 vacant units with most renovations complete, the incoming buyer is poised to take immediate advantage of all the major economic momentum around the subject property with their own vision of enhancements without much capital. Given the continued growth of the Echo Park and Chinatown submarket, the urban atmosphere surrounding the subject property, and the additional value-add opportunity, 977 Marview Ave represents an offering for investors seeking an asset that is poised to provide long-term returns and steady appreciation.

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April, 2004
Apr 1, 2004

Date

Sold (Public Records)

Public Records

$495,000

Price
August, 1998
Aug 5, 1998

Date

Sold (Public Records)

Public Records

$160,000

Price

Tax History for 977 Marview Ave

Assessed Value (2020): $643,511

Year	Land Value	Improved Value	Assessed Value
2020	$325,007	$318,504	$643,511

About 977 Marview Ave

Detailed summary of property

977 Marview Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90012 and last sold on April 1, 2004 for $495,000. This property has 5 bedrooms, 5 bathrooms, roughly 3,574 living square feet, and sits on an approximately 4,476 square foot lot. Homes 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 58.4% lower than the current median priced home. 977 Marview Ave was last sold on April 1, 2004 for $495,000. Local nearby listings include 121 S Hope St #202, 880 W 1st St #101 and 880 W 1st St #202. The average home in Los Angeles, CA is selling in 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. If you are the homeowner and looking to sell the home at 977 Marview Ave Los Angeles, CA 90012 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 977 Marview Ave

Public county record property details

Beds: 5
Baths: 5
Year built: 1923
Sq. Ft.: 3,574
Lot Size: 4,476
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 57
APN: 5406-017-004

The source for these homes facts are from public records.

90012 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$590,000

Median List Price/Sq.Ft.

$585

Median Sold Price

$462,500

Median Sold Price/Sq.Ft.

$610

Total Inventory

Median Sale to List Price %

92.69%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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