1473 East 23rd Street

Los Angeles, CA 90011

$800,000
Last Sold Price
6
Beds
4
Baths
3,098 Sq. Ft.
$258 / Sq. Ft.
3,098
Sq. Ft.
$258
per Sq. Ft.

Description

We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 1473 E. 23rd Street, in the City of Los Angeles. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1904 & 1910 with a square footage of 3,098 on a 5,662-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix,...We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 1473 E. 23rd Street, in the City of Los Angeles. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1904 & 1910 with a square footage of 3,098 on a 5,662-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of two (2) 1+1+den units, and two (2) 2+1+den units. The subject property is 100% occupied, and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, recently painted, and individually metered for gas and electricity.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 1473 East 23rd Street

Zoning
LARD2
Parcel Number
5119026021
Total Units
4.0
Living Area
3098
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0%
Lot Size Area
5662

Location

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Sold By MIP Investment Corp, Peyman Zargari, DRE #01872402

Add your commute
LISTING UPDATED: 09/27/2019 01:25 PM

Property Details for 1473 East 23rd Street

StatusSold
MLS #19-478114
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.13 AC / 5,662 SF
CountyLos Angeles County

Location

Listing Courtesy of BRC Advisors- BH, Davis Saadian, DRE #01921748

Sold By MIP Investment Corp, Peyman Zargari, DRE #01872402

Add your commute

Building Information for 1473 East 23rd Street

Stories2Residences-Year Built1904Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$5,242 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,366

Property Taxes

$876

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1473 East 23rd Street

Community / Development
Community / Development
  • Number Of Units: 4
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $67,780
  • Net Operating Income: $49,546.00
  • Gross Income: $67,780
  • Cap Rate: 6.19%
  • Gross Rent Multiplier: $11.46
  • Total Annual Expense: 18838
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5662
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
  • Parking Features: Other
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: See Remarks
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 06-14-2019
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,275.00
  • Unit Actual Rent: $1,275.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,464.00
  • Unit Actual Rent: $1,464.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,538.00
  • Unit Actual Rent: $1,538.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,538.00
  • Unit Actual Rent: $1,538.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $116,844.00
  • Assessed Land Value: $110,354.00

Property History for 1473 East 23rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1473 East 23rd Street

Taxable ValueLand$525,588Additions$305,261Total$830,849
Tax Record2023$10,508 ($876 / month)
Home Facts
Total Finished SqFt3,098 SqFtAbove Grade Finished SqFt3,098 SqFtLot Size5,662 SqFtStyleQuadraplexYear Built1904ZoningLARD2CountyLOS ANGELESAPN5119-026-021

Schools near 1473 East 23rd Street

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 - 9 to 12
Rating
School
Distance
Twentieth Street Elementary School
PublicK to 5

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
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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Similar Sold Homes

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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 BRC Advisors- BH, Davis Saadian, DRE #01921748

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.