1642 5th Avenue

Los Angeles, CA 90019

$1,995,000
Price
8
Beds
7
Baths
3,166 Sq. Ft.
$630 / Sq. Ft.
3,166
Sq. Ft.
$630
per Sq. Ft.

Description

1642 5th Ave seamlessly intertwines historical allure with contemporary luxury, creating an enchanting residence. This exceptional property harmoniously blends the charm of yesteryear with the sophistication of modern living. Discover a fully renovated standalone single-family home featuring 3 beds, 2 baths, and a welcoming fireplace in the living room, all within a thoughtfully designed 1,314 sqft. Beyond the main dwelling, at the rear of the property, you'll find two exquisite additions: a 3 beds,...1642 5th Ave seamlessly intertwines historical allure with contemporary luxury, creating an enchanting residence. This exceptional property harmoniously blends the charm of yesteryear with the sophistication of modern living. Discover a fully renovated standalone single-family home featuring 3 beds, 2 baths, and a welcoming fireplace in the living room, all within a thoughtfully designed 1,314 sqft. Beyond the main dwelling, at the rear of the property, you'll find two exquisite additions: a 3 beds, 3 baths unit spanning 1,125 sqft, and an ADU offering 2 beds and 2baths covering 727 sqft. Both units exhibit meticulous design, catering to the demands of contemporary living. Endless possibilities await: reside in the primary residence while leasing out the additional units for a luxurious lifestyle accompanied by an additional income stream. Alternatively, capitalize on the property's potential for multiple income-generating opportunities. Perfect for multi-generational living or hosting guests with privacy and style, this property offers diverse options. Nestled in the heart of Los Angeles, this residence provides the epitome of city living. Revel in proximity to renowned dining, entertainment, and cultural hubs. Effortlessly access major highways and public transportation for convenient commuting. Local parks, schools, and shopping centers enhance the overall vibrancy and convenience of this dynamic neighborhood. Embrace the opportunity to own a piece of history with all the modern conveniences seamlessly integrated.
  1. Listed by Sean Parsa • DRE #01047529 • Brokerage DRE #01918605 • Alta Mira Realty, Inc. • anahi@altamirarealty.com

Property Details for 1642 5th Avenue

View
Neighborhood
Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
50' x 140'

Location

Listing Courtesy of Alta Mira Realty, Inc., Sean Parsa, DRE #01047529
Add your commute
LISTING UPDATED: 04/28/2024 11:36 AM

Property Details for 1642 5th Avenue

StatusActive
MLS #PW24029145
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.16 AC / 7,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Alta Mira Realty, Inc., Sean Parsa, DRE #01047529
Add your commute

Virtual Tour

Building Information for 1642 5th Avenue

Stories1Residences-Year Built1921Building Size-Lot Size0.16 AC / 7,002 SF

Payment Calculator

$12,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1642 5th Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $130,176
  • Gross Scheduled Income: $135,600
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $139,176
  • Net Operating Income: $103,814
Expense Details
  • Operating Expense: $26,362
  • Insurance Expense: $1,300
  • Trash Expense: $108
  • Total Expenses: $26,362
Tax / Assessment Info
  • Tax Block: 36
  • Tax Tract Number: 218...
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Virtual Tour URL Branded: https://youtu.be/gJnIL70TvBo
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: None
  • Electric: None
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 1
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Pro Forma: 4900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 1642 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 1642 5th Avenue

Taxable ValueLand$592,863Additions$513,515Total$1,106,378
Tax Record2023$13,653 ($1,138 / month)
Home Facts
Total Finished SqFt1,314 SqFtAbove Grade Finished SqFt1,314 SqFtLot Size7,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1921ZoningLARD2CountyLOS ANGELESAPN5072-023-016

Schools near 1642 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
Charter - K to 5
Rating
School
Distance
Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy 2
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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1642 5th Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on March 8, 2024 by Alta Mira Realty, Inc., it's currently listed at $1,995,000. It has been on the market for a total of 55 days and was last sold on May 16, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School and Los Angeles Senior High School. 1642 5th Avenue is a 8-bed, 7-bath, 3,166 sqft multi-family home built in 1921.

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 Alta Mira Realty, Inc., Sean Parsa, DRE #01047529

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.