1839 South La Brea Avenue

Los Angeles, CA 90019

$1,295,000
Price
6
Beds
6
Baths
2,376 Sq. Ft.
$545 / Sq. Ft.
2,376
Sq. Ft.
$545
per Sq. Ft.

Description

This compelling investment opportunity consists of a large 2,300 square foot duplex, with each unit comprising 3 bedrooms + 3 bathrooms. The property has undergone full renovations with permits, including new plumbing, electrical, kitchens, bathrooms, flooring, windows and painting throughout the interior, and exterior paint and landscaping outside. The property is situated on a 6,304 SF LAR3 zoned lot with a TOC 1 and Opportunity Zone designation allowing for a number of future development options...This compelling investment opportunity consists of a large 2,300 square foot duplex, with each unit comprising 3 bedrooms + 3 bathrooms. The property has undergone full renovations with permits, including new plumbing, electrical, kitchens, bathrooms, flooring, windows and painting throughout the interior, and exterior paint and landscaping outside. The property is situated on a 6,304 SF LAR3 zoned lot with a TOC 1 and Opportunity Zone designation allowing for a number of future development options and tax efficient exit strategies.
  1. Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1839 South La Brea Avenue

Zoning
LAR3
Parcel Number
5067014025
Total Units
2.0
Living Area
2376
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6306

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute
LISTING UPDATED: 02/12/2024 03:33 PM

Property Details for 1839 South La Brea Avenue

StatusActive
MLS #23-326135
Days on Market186
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.14 AC / 6,306 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute

Building Information for 1839 South La Brea Avenue

Stories2Residences-Year Built1925Building Size-Lot Size0.14 AC / 6,306 SF

Payment Calculator

$7,762 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,067

Property Taxes

$695

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1839 South La Brea 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: 3 + 3 flat
  • View: Yes
  • View Description: Hills, City Lights
  • View: Hills, City Lights
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Other, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $84,588
  • Net Operating Income: $58,590.00
  • Gross Income: $84,588
  • Cap Rate: 4.52%
  • Gross Rent Multiplier: $15.31
  • Owner Pays: Water, Gas, Electricity, Gardener
  • Total Annual Expense: 23460
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Paved: No
  • Lot Acreage: 0.1448
  • Lot Size Square Feet: 6306
  • Lot Size Dimensions: 45 x 140
  • Source Lot Size Dimensions: Owner
Parking Details
Parking Details
  • Parking Garage: Uncovered, Unassigned
  • Total Parking: 6
  • Parking Features: Uncovered, Unassigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Dryer, Washer, Range/Oven, Refrigerator, Freezer, Dishwasher, Microwave
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-27-2023
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,498.00
  • Unit Actual Rent: $3,498.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,551.00
  • Unit Actual Rent: $3,551.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $75,023.00
  • Assessed Improvement Percent: 11.45
  • Assessed Land Value: $580,067.00
  • Assessed Land Percent: 88.55
  • Assessed Total Value: $655,090.00

Property History for 1839 South La Brea 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 1839 South La Brea Avenue

Taxable ValueLand$580,067Additions$75,023Total$655,090
Tax Record2023$8,336 ($695 / month)
Home Facts
Total Finished SqFt2,376 SqFtAbove Grade Finished SqFt2,376 SqFtLot Size6,304 SqFtStyleDuplexYear Built1925ZoningLAR3CountyLOS ANGELESAPN5067-014-025

Schools near 1839 South La Brea Avenue

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

Emerson Community Charter School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

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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1839 South La Brea Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 27, 2023 by Kidder Mathews of California, Inc., it's currently listed at $1,295,000. It has been on the market for a total of 186 days and was last sold on February 28, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Los Angeles Senior High School. 1839 South La Brea Avenue is a 6-bed, 6-bath, 2,376 sqft multi-family home built in 1925.

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 Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686

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.