2404 5th Avenue

Los Angeles, CA 90018

$1,895,000
Price
12
Beds
6
Baths
6,800 Sq. Ft.
$279 / Sq. Ft.
6,800
Sq. Ft.
$279
per Sq. Ft.

Description

Exceptional Investment Opportunity in Historic West Adams, Los Angeles Discover the epitome of historic charm meets modern living with this exquisite fourplex, nestled in the heart of the vibrant and sought-after West Adams neighborhood. Built in the resplendent era of 1923, this property carries a legacy filled with the ambiance of old Hollywood, ensuring the preservation of its timeless allure amidst a neighborhood where each corner resonates with history. Unit Details:The meticulously refurbished...Exceptional Investment Opportunity in Historic West Adams, Los Angeles Discover the epitome of historic charm meets modern living with this exquisite fourplex, nestled in the heart of the vibrant and sought-after West Adams neighborhood. Built in the resplendent era of 1923, this property carries a legacy filled with the ambiance of old Hollywood, ensuring the preservation of its timeless allure amidst a neighborhood where each corner resonates with history. Unit Details:The meticulously refurbished building houses four remarkable units, ensuring a blend of comfort and style. On the lower level, find two captivating 2-bedroom, 1-bath units, while the upper level unveils two generously spaced 4-bedroom, 2-bath units spread across two delightful levels. Each unit has undergone thoughtful upgrades, including new electrical and plumbing installations, coupled with tastefully renovated kitchens and bathrooms that blend seamlessly with the property's historic charm. Unique Features:An extraordinary feature of this property lies in its professional recording studio, born from the transformation of a 4-car garage. Outfitted with a live room and control room, the studio boasts sound isolation on the walls and the potential option of acquiring additional equipment and sound treatment, subject to negotiation. This space resonates with potential and versatility, ready to echo with the creative rhythms of its new owner. Outdoor Spaces:Embrace the Californian sunshine in the property's enchanting outdoor spaces. The front welcomes with a lush grassy expanse, while the private backyard reveals a charming sitting area adorned with stylish triangle-shaped shades, creating a serene oasis reserved exclusively for the owner's enjoyment. Local Amenities:Positioned amidst the flourishing scenes of West Adams Blvd, the location is a treasure trove of new high-end restaurants and chic spots that embody the resurgence of the area. With the convenience of bus stops nearby and ample street parking, accessibility is effortlessly intertwined with the property's abundant offerings. Neighborhood Appeal:Embark on a journey through time as you stroll through the beautiful historic neighborhood, safeguarded against the encroachment of large modern developments. Revel in an environment where the 1920s ambiance is lovingly preserved, ensuring the everlasting charm of a bygone era. Unlock the doors to a spectacular investment opportunity that blends substantial returns with a legacy of style and historic elegance. A rare find, this West Adams gem is a canvas of potential, awaiting the inspired vision of its new owner.
  1. Listed by Jack Bitton • DRE #01309397 • Brokerage DRE #01268376 • Power Brokers

Property Details for 2404 5th Avenue

Zoning
LARD2
Style
Craftsman
Parcel Number
5059022015
Total Units
4.0
Living Area
6800
Source Living Area
Owner
Area
Mid Los Angeles (C16)
Vacancy Rate
0

Location

Listing Courtesy of Power Brokers, Jack Bitton, DRE #01309397
Add your commute
LISTING UPDATED: 04/09/2024 12:01 AM

Property Details for 2404 5th Avenue

StatusActive
MLS #24-374771
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.15 AC / 6,537 SF
CountyLos Angeles County

Location

Listing Courtesy of Power Brokers, Jack Bitton, DRE #01309397
Add your commute

Building Information for 2404 5th Avenue

Stories3Residences-Year Built1923Building Size-Lot Size0.15 AC / 6,537 SF

Payment Calculator

$11,234 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,342

Property Taxes

$892

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2404 5th Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $188,640
  • Net Operating Income: $153,540.00
  • Gross Income: $188,640
  • Cap Rate: 8.10%
  • Gross Rent Multiplier: $10.04
  • Actual Annual Gross Rent: $188,640.00
  • Actual Gross Annual Income: $188,640
  • Actual Rent Total: $188,640.00
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 2925
  • Water Expense: $245.00
  • Electric Expense: $164.00
  • Trash Expense: $100.00
  • Tax Expense: $1,900
  • Gardener Expense: $90
  • Insurance Expense: $126
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1501
  • Lot Size Square Feet: 6537
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
Interior Features
Interior Features
  • Room Type: Formal Entry, Sound Studio
  • Rooms: Breakfast Area, Breakfast, Formal Entry, Dining Room, Converted Garage, Sound Studio
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling Type: Air Conditioning, Wall Unit(s), Window Unit(s)
  • Heating Type: Wall Electric
  • Flooring: Wood, Tile
  • Equipment: Dishwasher, Built-Ins, Garbage Disposal, Washer, Dryer, Range/Oven, Refrigerator
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-01-2024
  • Rent Control: Yes
  • Rent Control: 75
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,825.00
  • Unit Actual Rent: $3,825.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,100.00
  • Unit Actual Rent: $4,100.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $295,531.00
  • Assessed Improvement Percent: 36.0
  • Assessed Land Value: $525,399.00
  • Assessed Land Percent: 64
  • Assessed Total Value: $820,930.00

Property History for 2404 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 2404 5th Avenue

Taxable ValueLand$535,906Additions$301,441Total$837,347
Tax Record2023$10,705 ($892 / month)
Home Facts
Total Finished SqFt4,636 SqFtAbove Grade Finished SqFt4,636 SqFtLot Size6,505 SqFtStyleQuadraplexYear Built1923ZoningLARD2CountyLOS ANGELESAPN5059-022-015

Schools near 2404 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
Public - 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

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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2404 5th Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on April 1, 2024 by Power Brokers, it's currently listed at $1,895,000. It has been on the market for a total of 31 days and was last sold on October 21, 2004. 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. 2404 5th Avenue is a 12-bed, 6-bath, 6,800 sqft multi-family home built in 1923.

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 Power Brokers, Jack Bitton, DRE #01309397

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.