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Map
$1,356,531*
●
Multifamily -
Off Market
5407 2ND AVE
Los Angeles, CA 90043
Studio
0 Bath
$896,000 - $1,094,000
Reference Base Price*
36.33%
Since Sep 1, 2020
CA-Los Angeles
Primary Model
About This Property
Four (4) Units. Huge 4700+ sqft Building. Walk to new Crenshaw
Line. Gross Scheduled Income: $66,508. Total Expense: $20,933.
Annual Net Income: $46,059. GRM 14.96. Cap Rate 4.54%. Units are
all 2BD+2BA w/den. One unit completely remodeled with hardwood
flooring, new bathroom and kitchen. REMODELED UNIT DELIVERED
VACANT. FHA owner occupant possible. Recently updated plumbing. New
painting and carpet. Four (4) 1-car garages with new roof - rent
for $150/mo. each. Large 6150 sqft lot. Low monthly expenses and
easy tenants. This area is very renter friendly with walking
distance to new Crenshaw Line. This area is up-and-coming. Easy
commute to Hollywood, downtown LA or Santa Monica, or new Inglewood
football stadium. Great for 1031 exchange. Property located in EOZ
for developers and tax deferment. Tremendous upside in future.
Price per sqft is amazingly low. Property across street (2329 W.
59th St.) is 6394 sqft and listed for sale at $2.75m. This is a
great deal!
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1922
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 3, 2020 | Sold to Eunjin Kim, Jinwoong Choi | $879,000 | |
Sold to Eunjin Kim, Jinwoong Choi | |||
Aug 26, 2020 | No longer available | - | |
No longer available | |||
Jul 25, 2020 | Price Decreased |
$995,000
↓ $54K
(5.2%)
|
|
Price Decreased | |||
Jul 9, 2020 | Price Decreased |
$1,049,000
↓ $25K
(2.3%)
|
|
Price Decreased | |||
Jun 18, 2020 | Listed | $1,074,000 | |
Listed |
Property Highlights
Garage
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/07/2020
|
|
Studio
|
-
|
-
|
$1,200,000
Studio
-
|
$879,000
-26.75%
12/03/2020
|
Andrew Watkins
|
|
11/13/2018
|
|
8 Bed
|
8 Bath
|
4704 ft²
|
$795,000
8 Bed
8 Bath
4704 ft²
|
-
-
|
-
|
-
|
Building Info
About South LA
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