2001 South Congress Avenue

Los Angeles, CA 90018

$849,000
Price
5
Beds
3
Baths
2,054 Sq. Ft.
$413 / Sq. Ft.
2,054
Sq. Ft.
$413
per Sq. Ft.

Description

Investor/developer welcome to this Boundless potential with this exceptional RD2.1 / TOC property nestled in the heart of Los Angeles, perfectly situated at 2001 S Congress Ave. Surrounded by the vibrant growth of West Adams, this property offers a rare opportunity for visionary investors to reimagine and unlock its full value. Featuring three units with generous layouts, including 2 bedrooms + den + 1 bath, 2 bedrooms + 1 bath, and 1 bedroom + 1 bath, this property is a canvas for endless possibilities...Investor/developer welcome to this Boundless potential with this exceptional RD2.1 / TOC property nestled in the heart of Los Angeles, perfectly situated at 2001 S Congress Ave. Surrounded by the vibrant growth of West Adams, this property offers a rare opportunity for visionary investors to reimagine and unlock its full value. Featuring three units with generous layouts, including 2 bedrooms + den + 1 bath, 2 bedrooms + 1 bath, and 1 bedroom + 1 bath, this property is a canvas for endless possibilities and lucrative income streams. Its strategic location grants effortless access to key landmarks such as the 10 Freeway, USC, Loyola Law School, USC Village, Exposition Park, K-Town, Downtown LA, and major hospitals. Don't miss your chance to seize this remarkable acquisition opportunity.
  1. Listed by Sharlot Arabshahi • DRE #02107088 • Brokerage DRE #01458187 • Keller Williams Realty Westside

Property Details for 2001 South Congress Avenue

Zoning
LARD2
Parcel Number
5074029022
Total Units
3.0
Living Area
2054
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6004

Location

Listing Courtesy of Keller Williams Realty Westside, Sharlot Arabshahi, DRE #02107088
Add your commute
LISTING UPDATED: 04/24/2024 09:23 PM

Property Details for 2001 South Congress Avenue

StatusActive
MLS #24-376485
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.14 AC / 6,004 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Westside, Sharlot Arabshahi, DRE #02107088
Add your commute

Building Information for 2001 South Congress Avenue

Stories1Residences-Year Built1905Building Size-Lot Size0.14 AC / 6,004 SF

Payment Calculator

$5,402 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,633

Property Taxes

$769

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2001 South Congress Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Triplex
Contract Info
Contract Info
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $52,200
  • Net Operating Income: $51,850.00
  • Gross Income: $52,200
  • Gross Rent Multiplier: $522.00
  • Total Annual Expense: 350
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1378
  • Lot Size Square Feet: 6004
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $950.00
  • Unit Actual Rent: $950.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $215,490.00
  • Assessed Improvement Percent: 29.08
  • Assessed Land Value: $525,588.00
  • Assessed Land Percent: 70.92
  • Assessed Total Value: $741,078.00

Property History for 2001 South Congress 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 2001 South Congress Avenue

Taxable ValueLand$525,588Additions$215,490Total$741,078
Tax Record2023$9,229 ($769 / month)
Home Facts
Total Finished SqFt2,054 SqFtAbove Grade Finished SqFt2,054 SqFtLot Size6,002 SqFtStyleTriplexYear Built1905ZoningLARD2CountyLOS ANGELESAPN5074-029-022

Schools near 2001 South Congress Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Crown Preparatory Academy
Charter5 to 8

Pio Pico Middle School
Public6 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.

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2001 South Congress Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on April 5, 2024 by Keller Williams Realty Westside, it's currently listed at $849,000. It has been on the market for a total of 27 days and was last sold on July 7, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Fourth Street Elementary School, Carson-Gore Academy Of Enviornmental Studies and Crown Preparatory Academy. 2001 South Congress Avenue is a 5-bed, 3-bath, 2,054 sqft multi-family home built in 1905.

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 Keller Williams Realty Westside, Sharlot Arabshahi, DRE #02107088

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.