1407 5th Avenue

Los Angeles, CA 90019

$1,380,000
Price
6
Beds
4
Baths
2,509 Sq. Ft.
$550 / Sq. Ft.
2,509
Sq. Ft.
$550
per Sq. Ft.

Description

Craftsman-style duplex nestled in the vibrant and up-and-coming Arlington Heights neighborhood of Los Angeles. This exceptional 2-unit income property offers a rare opportunity to own in one of LA's most desirable areas. Investors and owner-users will discover a potential value-add opportunity to add Accessory Dwelling Unit (ADU) at the rear of the property on this large 7,500SF lot that is currently being underutilized. Situated in the heart of Mid-City, adjacent to the sought-after residential...Craftsman-style duplex nestled in the vibrant and up-and-coming Arlington Heights neighborhood of Los Angeles. This exceptional 2-unit income property offers a rare opportunity to own in one of LA's most desirable areas. Investors and owner-users will discover a potential value-add opportunity to add Accessory Dwelling Unit (ADU) at the rear of the property on this large 7,500SF lot that is currently being underutilized. Situated in the heart of Mid-City, adjacent to the sought-after residential neighborhoods of Lafayette Square and Country Club Park, this property boasts easy access to the I-10 and I-110 freeways, as well as convenient proximity to public transportation, making commuting a breeze. Just minutes away from bustling Koreatown, residents will find themselves surrounded by an abundance of amenities including top-notch dining, entertainment, shopping centers, and more. Property is fully occupied and will be delivered with tenants.
  1. Listed by Susan Lau • DRE #01516710 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Wasim Khoury • DRE #02153399 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1407 5th Avenue

Water Front
None
Zoning
LARD2
Cross Streets
Pico Blvd. & 5th Ave.
Parcel Number
5072018012
Total Units
2.0
Living Area
2509
Source Living Area
Assessor
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Wasim Khoury, DRE #02153399
Add your commute
LISTING UPDATED: 04/04/2024 12:01 AM

Property Details for 1407 5th Avenue

StatusActive
MLS #24-373547
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.17 AC / 7,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Wasim Khoury, DRE #02153399
Add your commute

Building Information for 1407 5th Avenue

Stories2Residences-Year Built1910Building Size-Lot Size0.17 AC / 7,501 SF

Payment Calculator

$8,683 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,531

Property Taxes

$1,152

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1407 5th Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1
  • Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s), Window Bars
  • Direction Faces: East
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $73,572
  • Net Operating Income: $51,572.00
  • Gross Income: $73,572
  • Gross Rent Multiplier: $18.75
  • Total Annual Expense: 22000
  • Water Expense: $5,824.00
  • Gas Expense: $1,724
  • Expense Pest: $500.00
  • Tax Expense: $17,250
  • Gardener Expense: $1,200
  • Insurance Expense: $5,000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7501
  • Lot Features: Front Yard
  • Lot Description: Front Yard, Sidewalks
Parking Details
Parking Details
  • Parking Garage: Uncovered, Side By Side
  • Total Parking: 5
  • Parking Features: Uncovered, Side by Side
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-27-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,517.00
  • Unit Actual Rent: $3,517.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,614.00
  • Unit Actual Rent: $2,614.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $273,304.00
  • Assessed Improvement Percent: 24.53
  • Assessed Land Value: $840,942.00
  • Assessed Land Percent: 75.47
  • Assessed Total Value: $1,114,246.00

Property History for 1407 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1407 5th Avenue

Taxable ValueLand$840,942Additions$273,304Total$1,114,246
Tax Record2023$13,828 ($1,152 / month)
Home Facts
Total Finished SqFt2,509 SqFtAbove Grade Finished SqFt2,509 SqFtLot Size7,501 SqFtStyleDuplexYear Built1910ZoningLARD2CountyLOS ANGELESAPN5072-018-012

Schools near 1407 5th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1407 5th Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on March 27, 2024 by Coldwell Banker Realty, it's currently listed at $1,380,000. It has been on the market for a total of 37 days and was last sold on May 29, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 1407 5th Avenue is a 6-bed, 4-bath, 2,509 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Wasim Khoury, DRE #02153399

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.