2490 Corinth Avenue

Los Angeles, CA 90064

$2,250,000
Last Sold Price
7
Beds
12
Baths
5,046 Sq. Ft.
$446 / Sq. Ft.
5,046
Sq. Ft.
$446
per Sq. Ft.

Description

We proudly present 2490 Corinth Ave, a 9 unit multifamily building located on a quiet residential street in West LA. The new owner has the opportunity to add 3 ADUs and increase monthly income. The building has approximately 7 open parking spaces and is separately metered for gas and electric. Thee offering allows for over 35% upside in current rent.We proudly present 2490 Corinth Ave, a 9 unit multifamily building located on a quiet residential street in West LA. The new owner has the opportunity to add 3 ADUs and increase monthly income. The building has approximately 7 open parking spaces and is separately metered for gas and electric. Thee offering allows for over 35% upside in current rent.
  1. Listed by Zachary Freehling • DRE #01879326 • Brokerage DRE #02083474 • Skylight Real Estate Advisors, Inc.

Property Details for 2490 Corinth Avenue

Zoning
LAR3
Parcel Number
4260040018
Total Units
9.0
Living Area
5046
Source Living Area
Vendor Enhanced
Area
West Los Angeles (WLA)
Vacancy Rate
11%
Lot Size Area
7499

Location

Listing Courtesy of Skylight Real Estate Advisors, Inc., Zachary Freehling, DRE #01879326

Sold By Coldwell Banker Realty, Rande L. Bronster, DRE #01875990

Add your commute
LISTING UPDATED: 12/23/2023 08:52 AM

Property Details for 2490 Corinth Avenue

StatusSold
MLS #23-229351
Days on Market315
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.17 AC / 7,499 SF
CountyLos Angeles County

Location

Listing Courtesy of Skylight Real Estate Advisors, Inc., Zachary Freehling, DRE #01879326

Sold By Coldwell Banker Realty, Rande L. Bronster, DRE #01875990

Add your commute

Building Information for 2490 Corinth Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,499 SF

Payment Calculator

$14,054 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$1,775

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2490 Corinth Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $162,529
  • Net Operating Income: $108,222.00
  • Gross Income: $167,556
  • Cap Rate: 4.81%
  • Gross Rent Multiplier: $13.43
  • Total Annual Expense: 54307
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7499
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 7
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-04-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,065.00
  • Unit Actual Rent: $6,196.00
  • Unit Projected Rent: $8,985.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,323.00
  • Unit Actual Rent: $3,970.00
  • Unit Projected Rent: $7,785.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,236.00
  • Unit Actual Rent: $3,707.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 2490 Corinth 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 2490 Corinth Avenue

Taxable ValueLand$1,178,258Additions$502,017Total$1,680,275
Tax Record2023$21,294 ($1,775 / month)
Home Facts
Total Finished SqFt5,046 SqFtAbove Grade Finished SqFt5,046 SqFtLot Size7,499 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN4260-040-018

Schools near 2490 Corinth Avenue

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

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

Magnolia Science Academy 4 School
Charter6 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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Similar Sold Homes

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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 Skylight Real Estate Advisors, Inc., Zachary Freehling, DRE #01879326

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.