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Map
$1,170,000 - $1,428,000
●
Property -
Off Market
1719 Stearns Dr
Los Angeles, CA 90035
Studio
0 Bath
2910 Sqft
About This Property
We are pleased to present a unique owner user or investment
opportunity at 1719 Stearns Dr in the highly coveted Pico Robertson
submarket, located east of La Cienega Blvd and just south of
Airdrome St. The property is a triplex featuring a one-bedroom unit
in the front and two two-bedroom units at the rear that have been
well-maintained with hardwood floors, tile kitchens, and dual
entrances. The building is fully occupied and there is over 22%
rental upside achievable as units turn. At the rear of the
property, there is a laundry room with two washers and two dryers
that are owned as well as four garages that are currently being
utilized as storage for the ownership. The garages can be used for
parking for additional income, or there is potential to build ADU's
(buyer to verify). Limited landlord responsibilities as tenants are
responsible for gas, electric, and waste removal. At the asking
price, the property is being offered at a low $498 PSF Ideal
opportunity for an owner user to occupy one of the units, or an
investor to acquire a well-maintained asset and capture the upside
in rents and garage or potential ADU income. The property benefits
from a significant affordability gap between renting and home
ownership in the neighborhood; within two miles of the subject
property, the median home value is over $1MM. The average household
income within two miles of the property is $117,622. The
Pico-Robertson neighborhood is an established Los Angeles community
known for beinghighly walkable, providing an array of amenities
within a half-mile radius.
The manager has listed the unit size as 2910 square feet.
The manager has listed the unit size as 2910 square feet.
Unit Size
2,910Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$446
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1945
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 14, 2024 | No longer available | - | |
No longer available | |||
Feb 12, 2024 | Relisted | $1,299,000 | |
Relisted | |||
Jan 14, 2024 | No longer available | - | |
No longer available | |||
Jan 6, 2024 | Price Decreased |
$1,299,000
↓ $151K
(10.4%)
|
|
Price Decreased | |||
Oct 31, 2023 | Listed | $1,450,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
3
Beds
2
Baths
1,739 ft²
$748/ft²
$1,300,000
Feb 6, 2024
-
-
Condo
2
Beds
2.5
Baths
1,378 ft²
$835/ft²
$1,150,000
Dec 11, 2023
-
$495/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/31/2023
|
|
Loft
|
-
|
2910 ft²
|
$1,450,000
Loft
-
2910 ft²
|
-
-
|
-
|
Michael Winestone
Compass
|
Building Info
About Central LA
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