See Home Value
$1,356,531*
Multifamily - Off Market

5407 2ND AVE

Los Angeles, CA 90043
bedrooms
Studio
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
Multifamily
Stu
-
1,744 ft²
$596/ft²
$1,040,000 Apr 15, 2022
-
-
Multifamily
Stu
-
1,651 ft²
$485/ft²
$799,999 Mar 2, 2022
-
-
Other
Loft
-
1,933 ft²
$517/ft²
$1,000,000 Feb 21, 2024
-
-
Other
Loft
-
2,428 ft²
$387/ft²
$939,000 Jan 17, 2024
-
-
Other
Loft
-
1,970 ft²
$451/ft²
$889,000 Jan 17, 2024
-
-
Other
Loft
-
1,713 ft²
$496/ft²
$850,000 Jan 12, 2024
-
-
House
3 Beds
2 Baths
1,656 ft²
$543/ft²
$899,000 Jan 30, 2024
-
-
House
5 Beds
2 Baths
2,124 ft²
$424/ft²
$900,000 Mar 4, 2024
-
-
House
4 Beds
3 Baths
1,622 ft²
$547/ft²
$887,000 Oct 14, 2023
-
-
House
5 Beds
4 Baths
2,310 ft²
$487/ft²
$1,124,900 Dec 26, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200507
05/07/2020
Studio
-
-
$1,200,000
bedrooms
Studio
bathrooms
-
$879,000 -26.75%
12/03/2020
Andrew Watkins
20181113
11/13/2018
8 Bed
8 Bath
4704 ft²
$795,000
bedrooms
8 Bed
bathrooms
8 Bath
square feet
4704 ft²
-
-
-
-

Building Info

5407 2nd Avenue 5407 2nd Avenue, Los Angeles, CA 90043
More about this Building
5407 2nd Avenue
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About South LA


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