1510 South Bronson Avenue

Los Angeles, CA 90019

$1,100,000
Price
6
Beds
5
Baths
3,999 Sq. Ft.
$275 / Sq. Ft.
3,999
Sq. Ft.
$275
per Sq. Ft.

Description

Probate sale. Court confirmation MAY be required. For Sale after 45 years! Bread-n-butter 4-unit residential property in the desirable Arlington Heights neighborhood of Los Angeles, adjacent to the sought after residential neighborhoods of Lafayette Square and Country Club Park in the heart of Mid-City. One of the lowest price per SF in the area, only $275 per sq. ft. Easy proximity to I-10 and I-110 Freeways and easy access to public transportation. Electrical wiring in all units updated and new...Probate sale. Court confirmation MAY be required. For Sale after 45 years! Bread-n-butter 4-unit residential property in the desirable Arlington Heights neighborhood of Los Angeles, adjacent to the sought after residential neighborhoods of Lafayette Square and Country Club Park in the heart of Mid-City. One of the lowest price per SF in the area, only $275 per sq. ft. Easy proximity to I-10 and I-110 Freeways and easy access to public transportation. Electrical wiring in all units updated and new electric meters installed in 2009 & 2023, plumbing was updated with copper piping in 2009, and roof updated in approximately last 10 years. All units are separately metered for gas & electricity, and have individual water heaters. Front building comprises of 2 large 2 bed 1.5 bath townhomes, with their own laundry hook-ups. 4 separate garages in the back, with 2 x 1 bed 1 bath units on top. One of the large townhome unit in the front and one of the 1 bedroom units in the back are currently vacant, and will be delivered vacant at close of escrow. Seller is MOTIVATED and wants to see ALL offers. The property is subject to City of Los Angeles Rent Stabilization Ordinance. Property is being sold AS IS and WHERE IS with current 2 tenant(s) in place. Buyer to conduct their own investigations.
  1. Listed by Vineendra Jain • DRE #01413466 • Brokerage DRE #01413466 • Ingenious Asset Group, Inc.

Property Details for 1510 South Bronson Avenue

Zoning
LARD2
Style
Traditional
Cross Streets
Crenshaw Blvd and Venice Blvd.
Parcel Number
5072007009
Total Units
4.0
Living Area
3999
Source Living Area
Assessor
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Ingenious Asset Group, Inc., Vineendra Jain, DRE #01413466
Add your commute
LISTING UPDATED: 04/20/2024 01:23 PM

Property Details for 1510 South Bronson Avenue

StatusActive
MLS #23-316551
Days on Market206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.13 AC / 5,856 SF
CountyLos Angeles County

Location

Listing Courtesy of Ingenious Asset Group, Inc., Vineendra Jain, DRE #01413466
Add your commute

Building Information for 1510 South Bronson Avenue

Stories2Residences-Year Built1938Building Size-Lot Size0.13 AC / 5,856 SF

Payment Calculator

$7,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,247

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1510 South Bronson Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: Ingenious Asset Group, Inc.
  • Management Company Phone: 3102072288|
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • View: Yes
  • View Description: Walk Street
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Repair Cosmetic
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Probate: Yes
  • Financing: Cash
  • Disclosures: Probate, As Is, Court Approval Not Required, Rent Control
  • Listing Type: Probate
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $88,033
  • Net Operating Income: $64,684.00
  • Gross Income: $88,033
  • Cap Rate: 5.88%
  • Gross Rent Multiplier: $11.87
  • Actual Annual Gross Rent: $92,666.00
  • Actual Gross Annual Income: $92,666
  • Actual Rent Total: $7,722.00
  • Financial Info as Of: 04/20/2024
  • Vacancy Allow Dollar: $4,633.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 23348
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1344
  • Lot Size Square Feet: 5856
  • Lot Features: Lawn, Front Yard, Rectangular Lot
  • Lot Description: Lawn, Fenced, Front Yard, Gutters, Lot Shape-Rectangular, Lot-Level/Flat, Walk Street
  • Lot Location: City, Flats, Park Nearby
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
  • Garage Spaces Total: 4
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Dining Area
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Ceiling Fan, Window Unit(s)
  • Heating Type: Wall Electric
  • Flooring: Tile, Carpet, Vinyl, Wood
  • Equipment: Ceiling Fan
  • Interior Features: Two Story Ceilings, Crown Moldings
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Room Bathroom Features: Shower
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Range, Microwave, Oven
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Exterior Features: Rain Gutters
  • Roof: Shingle
  • Sprinklers: None
  • Patio Features: Balcony
  • Entry Location: Living Room
  • New Construction: No
  • Construction Materials: Concrete, Wood Siding
  • Exterior Construction: Concrete, Wood Siding
  • Other Structural Features: Balcony, Rain Gutters, Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-06-2023
  • Listing Terms: Probate, Cash, Take Property As Is
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,519.00
  • Unit Actual Rent: $5,038.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,342.00
  • Unit Actual Rent: $2,684.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $100,718.00
  • Assessed Improvement Percent: 69.93
  • Assessed Land Value: $43,299.00
  • Assessed Land Percent: 30.07
  • Assessed Total Value: $144,017.00

Property History for 1510 South Bronson 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 1510 South Bronson Avenue

Taxable ValueLand$717,876Additions$478,804Total$1,196,680
Tax Record2023$14,959 ($1,247 / month)
Home Facts
Total Finished SqFt3,999 SqFtAbove Grade Finished SqFt3,999 SqFtLot Size5,856 SqFtStyleQuadraplexYear Built1938ZoningLARD2CountyLOS ANGELESAPN5072-007-009

Schools near 1510 South Bronson 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
Charter - 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

City Language Immersion Charter (CLIC)
CharterK to 5

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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1510 South Bronson Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 6, 2023 by Ingenious Asset Group, Inc., it's currently listed at $1,100,000. 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. 1510 South Bronson Avenue is a 6-bed, 5-bath, 3,999 sqft multi-family home built in 1938.

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 Ingenious Asset Group, Inc., Vineendra Jain, DRE #01413466

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.